Learn Scuba Chicago Inc
- Assets
- $164.1k
- Revenue
- $86.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 07/2015
- Data as of
- 12/2020
- EIN
- 36-4811222
Organization Overview
Learn Scuba Chicago Inc is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Learn Scuba Chicago Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learn Scuba Chicago 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 12/2020, Learn Scuba Chicago Inc generated $86.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $152.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
LEARN SCUBA CHICAGO (LSC) SEEKS TO PROVIDE SCUBA DIVING ACCESS AND EDUCATION TO THE GENERAL PUBLIC, TO OFFER SCUBA EDUCATION PROGRAMS AND OPPORTUNITIES TAILORED TO BENEFIT INDIVIDUALS AND COMMUNITIES WITH SPECIFIC NEEDS, AND TO PROMOTE EDUCATION AND CONSERVATION OF UNDERWATER ECOSYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEARN SCUBA CHICAGO (LSC) ORGANIZED DISCOVER DIVES FOR MILITARY VETERANS AND UNDERPRIVILEDGED YOUTH. IN ADDITION, LSC HOSTED BEACH CLEANUPS AND AND CONSERVATION EFFORTS ON THE TRIPS THAT WERE TAKEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Conger Secretary | OfficerTrustee | 5 | $0 |
Jose Tirado Vice President | OfficerTrustee | 5 | $0 |
Tim Wedryk President | OfficerTrustee | 5 | $0 |
Robert Huff Treasurer | OfficerTrustee | 5 | $0 |
Magda Barnas Director | Trustee | 5 | $0 |
Susan Huff Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,792 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,006 |
| Total Program Service Revenue | $57,375 |
| Investment income | $1,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $493 |
| Net Income from Fundraising Events | $2,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,657 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,651 |
| 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. | $3,763 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25 |
| Fees for services: Other | $5,761 |
| Advertising and promotion | $3,223 |
| Office expenses | $4,681 |
| Information technology | $177 |
| Royalties | $0 |
| Occupancy | $24,875 |
| Travel | $5,913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,055 |
| Interest | $1,866 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,236 |
| Insurance | $4,304 |
| All other expenses | $0 |
| Total functional expenses | $152,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,082 |
| Savings and temporary cash investments | $5,924 |
| 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 | $38,431 |
| Prepaid expenses and deferred charges | $16,533 |
| Net Land, buildings, and equipment | $37,250 |
| Investments—publicly traded securities | $34,106 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,800 |
| Total assets | $164,126 |
| Accounts payable and accrued expenses | $6,432 |
| Grants payable | $0 |
| Deferred revenue | $19,267 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $92,316 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $143,400 |
| Other liabilities | $4,011 |
| Total liabilities | $265,426 |
| Net assets without donor restrictions | -$101,300 |
| 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 | $164,126 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Learn Scuba Chicago Inc has recieved totaling $352.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $352 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lift For Life Academy Inc St Louis, MO | $16,336,630 | $14,911,822 |
Horizon League Inc Indianapolis, IN | $13,064,997 | $9,023,003 |
Wisconsin Interscholastic Athletic Association Stevens Point, WI | $5,017,808 | $3,980,109 |
Affton Athletic Association Inc Saint Louis, MO | $7,383,219 | $3,754,085 |
St Louis Gymnastic Centre St Louis, MO | $2,087,468 | $2,283,329 |
North Shore Ice Arena Llc Northbrook, IL | $6,337,689 | $1,838,299 |
Fox Cities Sports Development Inc Appleton, WI | $722,935 | $1,613,590 |
Greater Kansas City Sports Commission Kansas City, MO | $1,023,252 | $1,539,143 |
Nextmax Inc Benton, KY | $15,645 | $50,694 |
Great Lakes Valley Conference Indianapolis, IN | $1,140,833 | $1,489,025 |
Clayton Shaw Park Swimming Team Inc St Louis, MO | $1,410,397 | $1,239,565 |
College Sports Information Directors Of America Inc Greenwood, IN | $4,920,472 | $1,339,389 |