Fallbrook Associated Swim Team
- Assets
- $173.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fallbrook, CA
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 33-0522173
Organization Overview
Fallbrook Associated Swim Team is located in Fallbrook, CA. The organization was established in 1993. 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. Fallbrook Associated Swim Team 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 12/2022, Fallbrook Associated Swim Team generated $177.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $164.7k during the year ending 12/2022. While expenses have increased by 7.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SWIM MEETS FOSTERING FRIENDLY COMPETITION BETWEEN TEAMS WHILE PROVIDING INCENTIVE FOR CONTINUED PERSONAL AND TEAM IMPROVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Redmond President | 40 | $51,000 | |
Janet Dubwanskey Vice President | 2 | $0 | |
Debra Baldwin Secretary | 2 | $0 | |
Mary Redmond Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,298 |
| Total Program Service Revenue | $18,101 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $177,401 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $100,486 |
| Professional fees and other payments to independent contractors | $374 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $58 |
| Other expenses | $63,738 |
| Total expenses | $164,656 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,877 |
| Other assets | $0 |
| Total assets | $173,053 |
| Total liabilities | $66 |
| Net assets or fund balances | $172,987 |