Usa Swimming Inc
- Assets
- $707.8k
- Revenue
- $453.1k
- Investments
- $0.0
- Employees
- 2
- Location
- N Tonawanda, NY
- Founding
- 03/2006
- Data as of
- 08/2020
- EIN
- 31-1012858
Organization Overview
Usa Swimming Inc is located in N Tonawanda, NY. The organization was established in 2006. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 08/2020, USA Swimming Inc employed 2 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 08/2020, USA Swimming Inc generated $453.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $446.6k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND IMPROVE THE SWIMMING KNOWLEDGE AND ACHIEVEMENT OF OUR MEMBERSHIP BY PROVIDING SUPERIOR EDUCATIONAL AND COMPETITIVE PROGRAMS. OUR VISION: DELIVER QUALITY OPPORTUNITIES FOR OUR MEMBERSHIP TO ATTAIN THE HIGHEST LEVEL OF ACHIEVEMENT IN THE SPORT OF COMPETITIVE SWIMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP FEES FOR SWIMMERS, COACHES, AND OFFICIALS TO NATIONAL ORGANIZATION. MEMBERSHIP FEES COVER INSURANCE.
CONDUCTED SWIM MEETS TO PROMOTE COMPETITIVE SWIMMING ATMOSPHERE FOR DEVELOPMENT OF SWIMMERS TO ADVANCE TO NATIONAL LEVEL. CONDUCTED CLINICS AND TRAINING SEMINARS.
SPONSORED TRAVEL EXPENSE FOR SWIMMERS TO TRAVEL TO NATIONAL SWIM MEETS TO COMPETE.
USA SWIMMING AWARDS GIVEN OUT TO LOCAL SWIMMING CHAPTERS
MEMBERSHIP FEES FOR SWIMMERS, COACHES, AND OFFICIALS TO NATIONAL ORGANIZATION. MEMBERSHIP FEES COVER INSURANCE.
CONDUCTED SWIM MEETS TO PROMOTE COMPETITIVE SWIMMING ATMOSPHERE FOR DEVELOPMENT OF SWIMMERS TO ADVANCE TO NATIONAL LEVEL. CONDUCTED CLINICS AND TRAINING SEMINARS.
SPONSORED TRAVEL EXPENSE FOR SWIMMERS TO TRAVEL TO NATIONAL SWIM MEETS TO COMPETE.
USA SWIMMING AWARDS GIVEN OUT TO LOCAL SWIMMING CHAPTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Stimson Member/registration Coordi | Trustee | 25 | $25,962 |
Adam Zaczkowski Former Treasurer | 5 | $6,231 | |
Jim Stromski General Chair | OfficerTrustee | 15 | $0 |
Peter Koenig Finance Vice Chair | OfficerTrustee | 0.1 | $0 |
Colin Adams Secretary | OfficerTrustee | 0.1 | $0 |
Kim Corby Senior Vice Chair | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,002 |
| Investment income | $13,605 |
| 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 | $453,130 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,075 |
| Advertising and promotion | $0 |
| Office expenses | $137 |
| Information technology | $1,371 |
| Royalties | $0 |
| Occupancy | $4,275 |
| Travel | $8,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,850 |
| Interest | $0 |
| Payments to affiliates | $294,094 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $446,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $693,001 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $707,840 |
| Accounts payable and accrued expenses | $1,744 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,955 |
| Total liabilities | $8,699 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $699,141 |
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