Usa Swimming Inc
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Minnetonka, MN
- Founding
- 03/2006
- Data as of
- 08/2022
- EIN
- 31-1012854
Organization Overview
Usa Swimming Inc is located in Minnetonka, MN. The organization was established in 2006. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 08/2022, USA Swimming Inc employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. USA Swimming Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, USA Swimming Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.0m during the year ending 08/2022. While expenses have increased by 8.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE ATHLETES AND THE SWIMMING COMMUNITY BY PROVIDING GREAT EXPERIENCES IN AND OUT OF THE WATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM MEETS - SANCTIONED, APPROVED OR OBSERVED 167 SWIM MEETS IN THE MINNESOTA SWIMMING COMMITTEE (LSC) TERRITORY AND CENTRAL ZONE OF USA SWIMMING FOR 8,681 ATHLETE MEMBERS. THESE COMPETITIONS TOTALED OVER 145,355 INDIVIDUAL SWIMS AND 2,772 RELAYS. TRAINING OPPORTUNITIES FROM USA SWIMMING WERE ALSO SUPPORTED SO VOLUNTEERS WOULD BE MORE PROFICIENT IN CONDUCTING SWIM MEETS.
NATIONAL TRAVEL - SUPPORT TO SWIM CLUBS WITH MEMBERS WHO QUALIFIED AND COMPETED IN NATIONAL LEVEL COMPETITIONS IN ORDER TO INSPIRE EXCELLENCE IN THE SPORT. CLUBS RECEIVED SUPPORT FOR 92 MEMBERS COMPETING IN 5 NATIONAL MEETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Wentzel Executive Di | Officer | 40 | $85,288 |
Rebecca Binder Admin Vice-C | OfficerTrustee | 1 | $0 |
Ann Watanabe General Chai | OfficerTrustee | 1 | $0 |
Jon Blixt Finance Vice | OfficerTrustee | 1 | $0 |
Dave Molesworth Senior Vice | OfficerTrustee | 1 | $0 |
Sarah Lucas Senior Vice | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,163,064 |
| Investment income | $14,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,178,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,392 |
| Compensation of current officers, directors, key employees. | $25,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,946 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $697 |
| Payroll taxes | $10,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $70,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $584,575 |
| Depreciation, depletion, and amortization | $5,471 |
| Insurance | $925 |
| All other expenses | $535 |
| Total functional expenses | $1,023,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $286,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,876 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,190 |
| Investments—publicly traded securities | $753,926 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,086,906 |
| Accounts payable and accrued expenses | $27,726 |
| Grants payable | $0 |
| Deferred revenue | $20,694 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,420 |
| Net assets without donor restrictions | $1,038,486 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,086,906 |
Grants Awarded
Over the last fiscal year, Usa Swimming Inc has awarded $42,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, MN PURPOSE: FACILITY DEVELOPMENT | $30,000 |
Chaska, MN PURPOSE: FACILITY DEVELOPMENT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
Rochester Swim Club Orcas Rochester, MN | $1,478,113 | $1,744,806 |
Usa Swimming Inc Minnetonka, MN | $1,086,906 | $1,178,043 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |
South Metro Storm Swim Club Lakeville, MN | $230,213 | $738,939 |
Sailing Education Association Of Sheboygan Inc Sheboygan, WI | $3,043,659 | $639,193 |
Ozaukee Aquatics Inc Cedarburg, WI | $165,542 | $738,005 |
Edina Swim Club Inc Edina, MN | $440,938 | $736,378 |
Eden Prairie Foxjet Swim Team Eden Prairie, MN | $301,926 | $531,103 |
Milwaukee Community Sailing Center Inc Milwaukee, WI | $2,878,635 | $633,926 |
Minneapolis Sailing Center Minneapolis, MN | $376,071 | $638,488 |