Usa Swimming Inc
- Assets
- $1.8m
- Revenue
- $247.3k
- Investments
- $0.0
- Employees
- 3
- Location
- West Linn, OR
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 31-1012952
Organization Overview
Usa Swimming Inc is located in West Linn, OR. 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 12/2021, USA Swimming Inc employed 3 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 12/2021, USA Swimming Inc generated $247.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $231.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AND PROMOTE THE SPORT OF COMPETITIVE SWIMMING FOR THE BENEFIT OF ALL SWIMMERS TO ACHIEVE THEIR MAXIMUM POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL-STAR ATHLETE TEAMS: OREGON SWIMMING PROVIDED TRANSPORTATION, LODGING, FOOD/BEVERAGE, APPAREL, ENTRY FEES, AND ENTERTAINMENT FOR 100 ATHLETES, COACHES, MANAGERS AND CHAPERONES TO ATTEND AND COMPETE IN 3 DIFFERENT EVENTS IN 2021.
NATIONAL TRAVEL: OREGON SWIMMING PROVIDED REIMBURSEMENT FOR TRAVEL EXPENSES FOR 36 QUALIFYING ATHLETES, COACHES AND OFFICIALS TO 7 DIFFERENT NATIONAL CHAMPIONSHIPS DURING 2021.
OREGON SWIMMING CHAMPIONSHIPS: OREGON SWIMMING 2 DIFFERENT CHAMPIONSHIP EVENTS THAT 650 ATHLETES, 85 COACHES,60 OFFICIALS AND 40 SUPPORT STAFF ATTENDED. DUE TO THE PANDEMIC, THIS WAS ABOUT 25% OF A NORMAL YEAR.
OREGON SWIMMING OFFERS CLINICS, ADMINISTRATIVE FUNCTIONS, AND GOVERNANCE OPPORTUNITIES TO ALL OREGON SWIMMING MEMBER CLUBS (OVER 4,200 INDIVIDUALS). THE ORGANIZATION MADE 12 GRANTS TOTALING $6007.59 TO MEMBER CLUBS AND COACHES TO SUPPORT THEIR OPERATIONS. REVENUE LISTED INCLUDES FORGIVENESS OF THE PPP LOAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Guenther Admin. Vice Chair | OfficerTrustee | 2 | $0 |
Shelly Rawding General Chair | OfficerTrustee | 2 | $0 |
Rex Watkins Financial Vice Chair | OfficerTrustee | 2 | $0 |
Emily Melina Senior Chair | OfficerTrustee | 2 | $0 |
Rhonda Soule Treasurer | OfficerTrustee | 5 | $0 |
Lissa Parker Secretary | OfficerTrustee | 2 | $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 | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $172,033 |
| Investment income | $49,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $247,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,008 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,494 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,561 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $87,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,144 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $231,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,600 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,666,576 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,809,176 |
| Accounts payable and accrued expenses | $5,569 |
| 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 | $0 |
| Total liabilities | $5,569 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,803,607 |
| Total liabilities and net assets/fund balances | $1,809,176 |
Endowment Analysis
| Beg. Balance | $1,682,210 |
| Earnings | -$15,459 |
| Admin Expense | $175 |
| Ending Balance | $1,666,576 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Water Polo Inc Irvine, CA | $10,254,562 | $13,515,429 |
Pine Mountain Lake Assoc Groveland, CA | $12,781,532 | $13,134,426 |
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Wave Aquatics Kirkland, WA | $630,453 | $2,501,805 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
George Y Pocock Rowing Foundation Seattle, WA | $3,882,620 | $2,812,752 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |