Lakeshore Swim Club Corp
- Assets
- $90.1k
- Revenue
- $285.2k
- Investments
- $0.0
- Employees
- 13
- Location
- Rocky River, OH
- Founding
- 12/1999
- Data as of
- 07/2022
- EIN
- 31-1560742
Organization Overview
Lakeshore Swim Club Corp is located in Rocky River, OH. The organization was established in 1999. 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 07/2022, Lakeshore Swim Club Corp employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeshore Swim Club Corp 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 07/2022, Lakeshore Swim Club Corp generated $285.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $285.5k during the year ending 07/2022. While expenses have increased by 0.0% 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
TEACH AND ENCOURAGE COMPETITIVE SWIMMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACH AND ENCOURAGE COMPETITIVE SWIMMING TO YOUTH AGES 6 TO 18 WITH YOUTH MEMBERSHIP INCLUDING 200 SWIMMERS, PROVIDE TRAINING FOR MASTER SWIMMERS AGE 18 AND OLDER
USING VARIOUS EVENTS, LAKE SHORE SWIM CLUB STRIVES TO BUILD TEAM COMMITMENT AND COMMUNITY PRIDE. LAKE SHORE STRIVES TO ACKNOWLEDGE ACCOMPLISHMENTS AS WELL AS GOOD SPORTSMANSHIP AND TIME IMPROVEMENTS
CONDUCT AND PARTICIPATE IN COMPETITIVE SWIM MEETS WITH ATTENDANCE OF APPROXIMATELY 600 YOUTH SWIMMERS FROM APPROXIMATELY 26 TEAMS, FOCUSING ON GOOD SPORTSMANSHIP AND TIME IMPROVEMENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vince Cowell Head Coach | Officer | 40 | $53,846 |
Bryce Ormiston Director | Officer | 1.25 | $0 |
Nicole Slivinski Treasurer | Officer | 5 | $0 |
Janelle Molennar Director | Officer | 1.75 | $0 |
Abbey Samide Director | Officer | 2.5 | $0 |
Lisa Downing Director | Trustee | 3.75 | $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 | $285,114 |
| Investment income | $101 |
| 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 | $285,215 |
| 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. | $53,846 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,755 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,392 |
| 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 | $4,188 |
| Information technology | $2,357 |
| Royalties | $0 |
| Occupancy | $34,829 |
| Travel | $17,131 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,826 |
| Total functional expenses | $285,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,052 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,052 |
| Accounts payable and accrued expenses | $1,025 |
| 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 | $1,025 |
| 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 | $89,027 |
| Total liabilities and net assets/fund balances | $90,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Swiminc Inc Worthington, OH | $829,638 | $1,806,874 |
Michigan Boating Industries Assoc Commerce Township, MI | $6,848,061 | $1,258,585 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Vermilion Boat Club Inc Vermilion, OH | $883,885 | $1,475,888 |
Swim And Racquet Club Columbus, OH | $2,677,814 | $1,163,525 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |
Elba-Mar Boat Club Grosse Ile, MI | $874,771 | $981,147 |
Club Wolverine Swimming Inc Ann Arbor, MI | $392,270 | $985,537 |
Collegiate Water Polo Association Bridgeport, PA | $228,874 | $712,974 |
Dayton Raiders Facilities Inc Beavercreek, OH | $1,039,430 | $598,004 |
Emmaus Aquatic Club Emmaus, PA | $617,320 | $944,594 |