Elite Aquatics Sports Team Inc
- Assets
- $178.2k
- Revenue
- $403.7k
- Investments
- $0.0
- Employees
- 37
- Location
- Yorba Linda, CA
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 35-2475618
Organization Overview
Elite Aquatics Sports Team Inc, operating under the name East Aquatics, is located in Yorba Linda, CA. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, East Aquatics employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Aquatics 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 12/2023, East Aquatics generated $403.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $482.7k during the year ending 12/2023. 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
ELITE AQUATICS SPORTS TEAM IS DEDICATED TO GIVING BACK TO THE COMMUNITY BY OFFERING YEAR ROUND COMPREHENSIVE AQUATICES PROGRAMS TO THOSE OF ALL AGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COACHING AND SWIM TRAINING FOR PERSONS OF ALL AGES INCLULDING SWIMMING AND WATER POLO. PROGRAM REVENUE IS FUNDED THROUGH MEMBERSHIP DUES OF $264,841 AS WELL AS PROGRAM REVENUE.EXPENSES: PAYROLL $326,226 FACILITIES USAGE $ 31,916 OTHER $13,734 SUPPLIES $ 2,141 TRAVEL $ 3,311
WATER POLO COACHING AND TRAINING TO IMPROVE SKILL SET.WATER POLO HOSTING EXPENSES $ 355WATER POLO ENTRY FEES 400
MISCELLANEOUS PROGRAMS AND CLINICS
PARTICIPATING, HOSTING AND SPONSORING OF SWIM MEETS FOR AQUATIC EVENTS TEAM MEMBERS.SWIM MEETS HOSTING EXPENSES $ 5,486SWIM MEETS ENTRY FEES 11,101TEAM ACTIVITIES 5,170SWIM MEET SUPPLIES 1,341
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Haney CFO | OfficerTrustee | 10 | $71,215 |
Galen Diaz CEO | OfficerTrustee | 10 | $41,265 |
Annette Nielsen Director | Trustee | 10 | $39,800 |
Beth Diaz Secretary | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $281,392 |
| 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 | $281,392 |
| Total Program Service Revenue | $122,265 |
| 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 | $403,657 |
| 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. | $152,281 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,478 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,815 |
| Payroll taxes | $25,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,640 |
| Advertising and promotion | $1,033 |
| Office expenses | $2,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $864 |
| Interest | $1,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,709 |
| Insurance | $8,524 |
| All other expenses | $38,259 |
| Total functional expenses | $482,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,115 |
| 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 | $16,064 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,179 |
| 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 | $13,811 |
| Other liabilities | $45,693 |
| Total liabilities | $59,504 |
| 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 | $118,675 |
| Total liabilities and net assets/fund balances | $178,179 |