Hastings Area Swim Team Boosters Inc
- Assets
- $16.9k
- Revenue
- $227.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Hastings, MN
- Founding
- 04/1995
- Data as of
- 08/2022
- EIN
- 39-1738133
Organization Overview
Hastings Area Swim Team Boosters Inc is located in Hastings, MN. The organization was established in 1995. 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 08/2022, Hastings Area Swim Team Boosters Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hastings Area Swim Team Boosters 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 08/2022, Hastings Area Swim Team Boosters Inc generated $227.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $218.6k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SWIMMING PROGRAM FOR YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND DEVELOP SWIMMING SKILLS IN YOUTH OF ALL AGES AND ABILITIES. HASTINGS AREA SWIM TEAM IS A YEAR ROUND COMPETITIVE SWIM TEAM OFFERING HIGH QUALITY PROFESSIONAL COACHING AND TECHNIQUE INSTRUCTION FOR ALL AGES AND ABILITIES. THE GOAL OF OUR TEAM IS TO PROVIDE EVERY MEMBER THE OPPORTUNITY TO IMPROVE THEIR SWIMMING SKILLS AND ACHIEVE SUCCESS AT HIS OR HER LEVEL OF ABILITY FROM NOVICE TO NATIONALLY RANKED ATHLETES. ALL OF OUR COACHES, AS MEMBERS OF THE AMERICAN SWIMMING COACHES ASSOCIATION, HAVE ACCESS TO THE MOST COMPREHENSIVE TRAINING AND CERTIFICATION PROGRAM. THEY PROVIDE ASSURANCE THAT THE TIME ATHLETES SPEND IN SWIMMING WILL BE QUALITY TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chasi May Executive Di | OfficerTrustee | 40 | $58,000 |
Andy Jensen Treasurer | OfficerTrustee | 5 | $3,600 |
Brenda Green President | OfficerTrustee | 1 | $0 |
Josh Salzman Secretary | OfficerTrustee | 1 | $0 |
Jen Ries Board Member | Trustee | 1 | $0 |
Krista Barker Board Member | Trustee | 1 | $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 | $5,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,597 |
| Total Program Service Revenue | $199,692 |
| 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 | $22,247 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,536 |
| 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. | $61,600 |
| Compensation of current officers, directors, key employees. | $3,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $301 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,191 |
| Travel | $758 |
| 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 | $3,471 |
| All other expenses | $2,539 |
| Total functional expenses | $218,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,920 |
| 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 | $16,920 |
| 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 | $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 | $16,920 |
| Total liabilities and net assets/fund balances | $16,920 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hastings Area Swim Team Boosters Inc has recieved totaling $242.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $242 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
Rochester Swim Club Orcas Rochester, MN | $1,478,113 | $1,744,806 |
Usa Swimming Inc Minnetonka, MN | $1,086,906 | $1,178,043 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |
South Metro Storm Swim Club Lakeville, MN | $230,213 | $738,939 |
Sailing Education Association Of Sheboygan Inc Sheboygan, WI | $3,043,659 | $639,193 |
Ozaukee Aquatics Inc Cedarburg, WI | $165,542 | $738,005 |
Edina Swim Club Inc Edina, MN | $440,938 | $736,378 |
Eden Prairie Foxjet Swim Team Eden Prairie, MN | $301,926 | $531,103 |
Milwaukee Community Sailing Center Inc Milwaukee, WI | $2,878,635 | $633,926 |
Minneapolis Sailing Center Minneapolis, MN | $376,071 | $638,488 |