Mission Viejo Nadadores Foundation
- Assets
- $4.5m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Mission Viejo, CA
- Founding
- 06/1985
- Data as of
- 09/2023
- EIN
- 33-0099234
Organization Overview
Mission Viejo Nadadores Foundation is located in Mission Viejo, CA. The organization was established in 1985. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Viejo Nadadores Foundation 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 09/2023, Mission Viejo Nadadores Foundation generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $4.2m during the year ending 09/2023. While expenses have increased by 10.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND DEVELOP PARTICIPANTS IN THE AMATEUR SPORTS OF DIVING, SWIMMING, MASTER'S SWIMMING AND INTRODUCE NEW PARTICIPANTS THROUGH EXTENSIVE LESSON AND WATER SAFETY TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM/DIVE TEAM - DEVELOP AND SUPPORT PARTICIPANTS IN THE AMATEUR SPORTS OF DIVING AND SWIMMING THROUGH LESSONS, TRAINING AND PRACTICES.
COMMUNITY PROGRAMS - COMMUNITY PROGRAMS INCLUDE THE SWIM SCHOOL AND VISITOR USE OF THE POOLS. THE SWIM SCHOOL TEACHES PARTICIPANTS A PROGRESSIVE METHOD OF WATER SAFETY AND SWIM STROKES. VISITORS INCLUDE LOCAL AND INTERNATIONAL TEAMS USING THE FACILITIES TO TRAIN OR HOLD THEIR OWN COMPETITIONS, FURTHERING DEVELOPMENT OF THE SPORT.
DIVE & SWIM MEETS - HOSTED DIVE AND SWIM MEETS HELP PROMOTE AND DEVELOP THE SPORT. THEY PROVIDE THE OPPORTUNITY FOR PARTICIPANTS TO COMPETE USING SKILLS LEARNED AND TO SET AND WORK TOWARDS SPECIFIC GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Mitchell Executive Director | 40 | $216,308 | |
Jeff Julian Director | Trustee | 40 | $110,000 |
Mike Gallegos President | OfficerTrustee | 5 | $0 |
Troy Roelen Vice President | OfficerTrustee | 5 | $0 |
Alli Breton Treasurer | OfficerTrustee | 5 | $0 |
Sara Jack Secretary | OfficerTrustee | 5 | $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 | $360,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,867 |
| Total Program Service Revenue | $4,108,760 |
| Investment income | $49,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,077 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,698,906 |
| 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. | $216,308 |
| Compensation of current officers, directors, key employees. | $21,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,373,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $171,132 |
| Payroll taxes | $206,247 |
| 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 | $10,250 |
| Fees for services: Other | $145,225 |
| Advertising and promotion | $0 |
| Office expenses | $43,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,041 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,234 |
| Insurance | $8,097 |
| All other expenses | $54,871 |
| Total functional expenses | $4,231,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,808 |
| Savings and temporary cash investments | $1,276,371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,241 |
| 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 | $27,701 |
| Net Land, buildings, and equipment | $1,648,860 |
| Investments—publicly traded securities | $1,376,960 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,519,941 |
| Accounts payable and accrued expenses | $391,411 |
| Grants payable | $0 |
| Deferred revenue | $2,150 |
| 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 | $979,923 |
| Other liabilities | $0 |
| Total liabilities | $1,373,484 |
| Net assets without donor restrictions | $3,041,007 |
| Net assets with donor restrictions | $105,450 |
| 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 | $4,519,941 |