Usa Swimming Inc
- Assets
- $921.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Appomattox, VA
- Founding
- 03/2006
- Data as of
- 08/2022
- EIN
- 31-1102592
Organization Overview
Usa Swimming Inc, operating under the name Virginia Swimming, is located in Appomattox, VA. 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, Virginia Swimming employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Virginia Swimming 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, Virginia Swimming generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $989.2k during the year ending 08/2022. While expenses have increased by 4.4% 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
THE ORGANIZATION PROVIDES COMPETITIVE SWIMMING OPPORTUNITIES FOR THE DEVELOPMENT OF YOUNG SWIMMERS, AND ALSO PROVIDES TRAINING AND SUPPORT FOR VOLUNTEERS, COACHES, AND SWIM CLUBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMPIONSHIP COMPETITION: PROVIDE PARTIAL TRAVEL REIMBURSEMENT FOR COACHES AND SWIMMERS WHO ATTENDED SHORT COURSE SR AND JR NATIONALS CHAMPIONSHIPS, LONG COURSE SR & JR NATIONAL CHAMPIONSHIP, AND VARIOUS APPROVED AGE GROUP CHAMPIONSHIP MEETS SUCH AS THE FUTURES MEETS.
CHAMPIONSHIP MEETS: SUPPORT THE STATE AGE GROUP AND SR CHAMPIONSHIP MEETS IN SHORT COURSE COURSE FORMATIONS, INCLUDING SUBSIDIZING THE COST OF SWIMMING FACILITIES FOR THE MEETS, TRAVEL FOR KEY OFFICIALS, AND MEET MANAGEMENT PERSONNEL.
TRAINING: FUNDING FOR OFFICIALS TRAINING, COACH DEVELOPMENT CLINICS INCLUDING CONTINUING EDUCATION, FUNDING FOR SWIMMER CAMPS AND CLINICS, AND CONTINUING EDUCATION FOR ALL MEMBERS IN SAFE SPORT PROGRAMS.
1. AWARDS - PROVIDE AWARDS AND ADMINISTER AN AWARDS BANQUEST FOR SWIMMERS IN OUR CHAMPIONSHIP MEETS AND OVERALL POINT SCORING DURING THE SC AND LC SEASON. 2. GRANTS - PROVIDE GRANTS TO LOCAL ORGANIZATIONS FOR LEARN-TO-SWIM PROGRAMS AND PRE-COMPETITION PROGRAMS, ESPECIALLY IN UNDERSERVED AREAS OF THE STATE. INIDVIDUAL GRANTS ARE LIMITED TO 3,000 AND ARE AWARDED BY A COMMITTEE WHICH REVIEWS PROPOSALS. 3. DIVERSITY AND OUTREACH: REIMBURSE SWIM MEET ENTRY FEES FOR ATHLETES WHO QUALIFY AS OUTREACH ATHLETES. SUPPORT TRAVEL FOR DIVERSITY AND OUTREACH CAMPS, CLINICS, AND OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Turner Executive Di | OfficerTrustee | 35 | $52,400 |
Emily Fagan Secretary | OfficerTrustee | 30 | $30,000 |
John Stanley General Chai | OfficerTrustee | 10 | $0 |
Bryan Wallin Admin Vice C | OfficerTrustee | 10 | $0 |
Brian Cann Finance Vice | OfficerTrustee | 2 | $0 |
Mc Banks Age Group Vi | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $648,047 |
| 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 | $648,047 |
| Total Program Service Revenue | $551,038 |
| Investment income | $3,946 |
| 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 | $1,203,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,400 |
| Compensation of current officers, directors, key employees. | $65,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,734 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,460 |
| Information technology | $588 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,769 |
| Interest | $0 |
| Payments to affiliates | $515,148 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $989,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,590 |
| Savings and temporary cash investments | $194,344 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224,202 |
| Total assets | $921,136 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $921,136 |
| 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 | $921,136 |
Endowment Analysis
| Beg. Balance | $123,576 |
| Earnings | $3,860 |
| Admin Expense | -$1,734 |
| Net Contributions | $98,500 |
| Ending Balance | $224,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
Hollow Rock Racquet And Swim Club Inc Durham, NC | $3,219,714 | $2,479,240 |
Raleigh Swimming Association Raleigh, NC | $3,136,776 | $2,156,316 |
United States Power Squadrons Raleigh, NC | $2,932,406 | $2,085,267 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |