Waukesha Express Swim Team Inc
- Assets
- $57.1k
- Revenue
- $917.0k
- Investments
- $0.0
- Employees
- 62
- Location
- Waukesha, WI
- Founding
- 02/1981
- Data as of
- 08/2023
- EIN
- 39-1368110
Organization Overview
Waukesha Express Swim Team Inc is located in Waukesha, WI. The organization was established in 1981. 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 08/2023, Waukesha Express Swim Team Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waukesha Express Swim Team 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 08/2023, Waukesha Express Swim Team Inc generated $917.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $932.9k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SWIM LESSONS TO PRESCHOOL AND SCHOOL AGE CHILDREN AND MANAGE A YOUTH AMATEUR COMPETITIVE SWIM TEAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM TEAM - PROVIDE YEAR-ROUND COACHING, TRAINING AND COMPETITION TO SCHOOL AGE CHILDREN OF ALL SWIMMING ABILITIES.
SWIM AMERICA (SWIM LESSONS) - PRESCHOOL AND SCHOOL AGE LEARN TO SWIM CLASSES (AGES 3 AND UP).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blaine Carlson President/head Coach | OfficerTrustee | 55 | $149,264 |
Laurie Carlson Treasurer/secretary/director | OfficerTrustee | 55 | $118,813 |
Christy Jagdfeld Board Member/saftey Chair | Trustee | 2 | $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 | $8,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,631 |
| Total Program Service Revenue | $902,894 |
| 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 | $5,484 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $917,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,062 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $250,994 |
| Compensation of current officers, directors, key employees. | $10,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,088 |
| Payroll taxes | $151,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $911 |
| Advertising and promotion | $0 |
| Office expenses | $19,621 |
| Information technology | $4,621 |
| Royalties | $0 |
| Occupancy | $90,032 |
| Travel | $124,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,275 |
| Interest | $14,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,507 |
| All other expenses | $8,806 |
| Total functional expenses | $932,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,757 |
| 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 | $57,104 |
| Accounts payable and accrued expenses | $64,982 |
| 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 | $64,982 |
| Net assets without donor restrictions | -$7,878 |
| 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 | $57,104 |