Lake Country Swim Team Ltd
- Assets
- $258.3k
- Revenue
- $588.5k
- Investments
- $0.0
- Employees
- 49
- Location
- Hartland, WI
- Founding
- 03/1983
- Data as of
- 08/2023
- EIN
- 39-1418304
Organization Overview
Lake Country Swim Team Ltd is located in Hartland, WI. The organization was established in 1983. 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, Lake Country Swim Team Ltd employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Country Swim Team Ltd 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, Lake Country Swim Team Ltd generated $588.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $571.4k during the year ending 08/2023. While expenses have increased by 2.8% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SWIM INSTRUCTION AND COMPETITIVE SWIM OPPORTUNITIES FOR MORE THAN 300 AREA YOUTH SWIMMERS WHO COMPETE IN LOCAL, STATE AND NATIONAL COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPETITIVE SWIM PROGRAMS: 1. PROVIDED COMPETITIVE SWIM TRAINING FOR 250 AREA CHILDREN, 2. HOSTED THREE MAJOR COMPETITIONS INCLUDING ONE STATE CHAMPIONSHIP MEET AND TWO MULTI-STATE COMPETITION PROVIDING SWIM RACING OPPORTUNITIES TO APPROXIMATELY 2000 SWIMMERS. 3. HOSTED 12 MINOR COMPETITIONS PROVIDING RACING OPPORTUNITIES TO ABOUT 1000 LOCAL AND AREA SWIMMERS.
COMMUNITY SWIM PROGRAM: 1. PROVIDED SWIM LESSONS FOR 500 AREA CHILDREN 2. PROVIDED ADULT AQUATIC FITNESS PROGRAMS (LAP SWIM AND WATER AEROBICS) INCLUDING ABOUT 200 HOURS OF WATER EXERCISE. 3. PROVIDED RECREATIONAL AQUATIC PROGRAMS FOR LOCAL FAMILIES INCLUDING ABOUT 100 HOURS OF GUARDED OPEN SWIM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kohnhorst Executive Director | Officer | 50 | $90,215 |
Valerie Bonney Board Member | Trustee | 5 | $0 |
Laura Vogt Board Member | Trustee | 5 | $0 |
Chad Hansen Board Member | Trustee | 5 | $0 |
Kimberly Kuptz Board Member | Trustee | 5 | $0 |
Amanda Schneider Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,378 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,298 |
| Total Program Service Revenue | $551,227 |
| Investment income | $6,963 |
| 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 | $588,488 |
| 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. | $90,215 |
| Compensation of current officers, directors, key employees. | $45,107 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,514 |
| Pension plan accruals and contributions | $6,863 |
| Other employee benefits | $0 |
| Payroll taxes | $26,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $245 |
| Office expenses | $9,885 |
| Information technology | $3,658 |
| Royalties | $0 |
| Occupancy | $63,559 |
| Travel | $33,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $463 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,370 |
| All other expenses | $8,357 |
| Total functional expenses | $571,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,611 |
| Savings and temporary cash investments | $169,309 |
| 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 | $5,428 |
| 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 | $258,348 |
| Accounts payable and accrued expenses | -$15,625 |
| 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 | -$15,625 |
| 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 | $273,973 |
| Total liabilities and net assets/fund balances | $258,348 |