Socal Water Polo Foundation Inc
- Assets
- $225.4k
- Revenue
- $974.8k
- Investments
- $0.0
- Employees
- 57
- Location
- Tustin, CA
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 33-0869141
Organization Overview
Socal Water Polo Foundation Inc is located in Tustin, CA. The organization was established in 2000. 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, Socal Water Polo Foundation Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Socal Water Polo Foundation 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, Socal Water Polo Foundation Inc generated $974.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $890.4k during the year ending 12/2021. While expenses have increased by 1.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCAL WATER POLO FOUNDATION, INC. (SOCAL WPF) DEVELOPS STUDENT WATER POLO PLAYERS PIMARILY IN THE TUSTIN UNIFIED SCHOOL DISTRIC (TUSD) HIGH SCHOOL AREAS OF BECKMAN, FOOTHILL AND TUSTIN HIGH SCHOOLS SO THAT THEY MAY PARTICIPATE IN HIGH SCHOOL AND COLLEGE WATER POLO AT LEVELS COMMENSURATE WITH THIR FULLY DEVELOPED TALENTS. SOCAL WPF INVESTS THOUSANDS OF DOLLARS EACH YEAR IN TUSD. SOCAL WPF PURSUES WINNING AND TEACHING THE LIFE LESSONS OF YOUTH SPORTS IN POSITIVE ENVIRONMENT. SOCAL WPF SUPPORTS THE NOTION OF SCHOLAR-ATHLETES WHO EXCEL IN THE CLASSROOM, IN THEIR COMMUNITIES, IN THEIR FAMILIES, AND IN THE SWIMMING POOL. SOCAL WPF SEEKS TO ENHANCE AND DEVELOP SPORTSMANSHIP IN ATHLETES. SOCAL WPF'S BOARD, HEAD COUCHES, COACHING STAFF AND ALL MEMBERS SUPPORT THE FOLLOWING PRIORITIES: SCHOLASTICS - OUR ATHLETES ARE STUDENTS. WE SUPPORT THE NOTION OF SUCCESSFUL STUDENT ATHLETES. SUCCESS IN THE CLASSROOM AND THE ATHLETIC FIELD PROVIDES LOTS OF FUTURE CHOICES. GOOD STUDENTS MAKE BETTER WATER POLO
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCAL WATER POLO (SOCAL) IS A TUSTIN BASED NON-PROFIT THAT WAS FOUNDED IN 1987 TO DEVELOP THE WATER POLO SKILLS OF YOUNG ATHLETES. SOCAL CREATES SCHOLAR ATHLETES THAT EXCEL IN THE POOL, IN THE CLASSROOM, THEIR COMMUNITIES AND IN THER FAMILIES. OVER THE LAST 20 YEARS SOCAL HAS EMERGED AS A POWERHOUSE CLUB. WE OFFER PROGRAMS FOR BOYS AND GIRLS FROM AGES 5 AND UP. SOCAL HAS OVER 400 ATHLETES MANY OF WHOM HAVE GONE ON TO BE NCAA ATHLETES AND OLYMPIANS. TO DATE SOCAL ATHLETES HAVE EARNED OVER 10,000,000 IN COLLEGE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Rowe President | Officer | 40 | $108,720 |
F Edward Reynolds Jr Vice Preside | Officer | 14 | $12,125 |
William Pevehouse Sec/treas | Officer | 2 | $0 |
Kurt Krumpholz Director | Trustee | 2 | $0 |
Will Wollett Director | Trustee | 2 | $0 |
Daniel Klatt Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| 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 | $60,000 |
| Total Program Service Revenue | $914,787 |
| Investment income | $0 |
| 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 | $974,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,955 |
| 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. | $120,845 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,325 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,730 |
| Advertising and promotion | $1,095 |
| Office expenses | $19,291 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $9,914 |
| All other expenses | $73,363 |
| Total functional expenses | $890,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,364 |
| 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 | $225,364 |
| 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 | $225,364 |
| 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 | $225,364 |
Grants Awarded
Over the last fiscal year, Socal Water Polo Foundation Inc has awarded $11,569 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Ana, CA PURPOSE: GENERAL SUPPORT | $5,819 |
Tustin, CA PURPOSE: GENERAL SUPPORT | $5,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Socal Water Polo Foundation Inc has recieved totaling $46.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
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 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |