Eden Prairie Foxjet Swim Team is located in Eden Prairie, MN. The organization was established in 1979. 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 08/2021, Eden Prairie Foxjet Swim Team employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eden Prairie Foxjet Swim Team 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 08/2021, Eden Prairie Foxjet Swim Team generated $531.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $589.6k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FUN, PROGRESSIVE, FAMILY-BASED TEAM SWIMMING EXPERIENCE FOR ALL SWIMMERS, NOVICE TO NATIONAL. TEAM FOXJET PROMOTES THE SPORT OF COMPETITIVE SWIMMING'S CORE VALUES OF HEALTHY LIFESTYLE, SELF-DISCIPLINE AND GOAL SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPETITIVE SWIM TEAM - THE ORGANIZATION SPONSORS A COMPETITIVE SWIM TEAM. DURING THE YEAR, THERE WERE 338 SWIMMERS RANGING FROM 6-20. THE TEAM PARTICIPATED IN 30 MEETS AND HOSTED 12 MEETS (SEE BELOW IN 4B).
SWIM MEETS - THE ORGANIZATION COORDINATED 30 COMPETITIVE SWIM MEETS DURING THE YEAR. THERE WERE 278 PARTICIPANTS IN ALL SWIM MEETS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lloyd Larson Head Coach | Trustee | 40 | $88,001 |
Micah Roberts President | OfficerTrustee | 1 | $0 |
John Sulciner Vice President | OfficerTrustee | 1 | $0 |
Aditi Salunke Treasurer | OfficerTrustee | 1 | $0 |
Carly Weaver Secretary | OfficerTrustee | 1 | $0 |
Karen Jordan Events Coordinator | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $54,525 |
All other contributions, gifts, grants, and similar amounts not included above | $3,139 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $57,664 |
Total Program Service Revenue | $473,264 |
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 | $531,103 |
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. | $88,001 |
Compensation of current officers, directors, key employees. | $3,918 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $148,874 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $19,037 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,015 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,560 |
Advertising and promotion | $2,384 |
Office expenses | $7,098 |
Information technology | $164 |
Royalties | $0 |
Occupancy | $167,631 |
Travel | $31,008 |
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 | $4,737 |
Insurance | $6,790 |
All other expenses | $11,625 |
Total functional expenses | $589,599 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $301,034 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $862 |
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 | $30 |
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 | $301,926 |
Accounts payable and accrued expenses | $42,389 |
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 | $64,372 |
Other liabilities | $0 |
Total liabilities | $106,761 |
Net assets without donor restrictions | $195,165 |
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 | $301,926 |
Over the last fiscal year, we have identified 1 grants that Eden Prairie Foxjet Swim Team has recieved totaling $6,000.
Awarding Organization | Amount |
---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $6,000 |
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 |