South East Metro Sharks Swim Club is located in Woodbury, MN. 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 08/2022, South East Metro Sharks Swim Club employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South East Metro Sharks Swim Club 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, South East Metro Sharks Swim Club generated $538.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $514.5k during the year ending 08/2022. While expenses have increased by 4.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTH EAST METRO SHARKS SWIM CLUB PROVIDES INSTRUCTIONAL TRAINING AND EDUCATIONAL PROGRAM SERVICES TO YOUTH BETWEEN AGES 6 AND 20 IN THE SOUTHEAST METROPOLITAN AREA OF ST. PAUL, MN. IN 1991, A MASTERS PROGRAM WAS ADDED TO PROVIDE THE SAME SERVICES TO ADULTS. CURRENTLY, OVER 225 PEOPLE PARTICIPATE IN THE PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTH EAST METRO SHARKS PROVIDED INSTRUCTIONAL TRAINING AND COMPETITIVE OPPORTUNITIES FOR OVER 200 PARTICIPANTS DURING TWO COMPETITION PERIODS; SEPTEMBER THROUGH MARCH AND APRIL THROUGH AUGUST.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eric Seversen Head Coach | Officer | 40 | $77,000 |
Steve Recker President | Officer | 2 | $0 |
Bob Kody Vice President | Officer | 2 | $0 |
Mike Maynard Member At Large | Officer | 2 | $0 |
Chris Hacker Treasurer | Officer | 2 | $0 |
Bethany Nordman Member At Large | Officer | 2 | $0 |
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 | $15,195 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $15,195 |
Total Program Service Revenue | $523,102 |
Investment income | $335 |
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 | $538,632 |
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. | $77,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $114,743 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $56,415 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,580 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $6,838 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $22,458 |
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 | $5,146 |
All other expenses | $228,274 |
Total functional expenses | $514,454 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $385,271 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,456 |
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 | $391,727 |
Accounts payable and accrued expenses | $16,480 |
Grants payable | $0 |
Deferred revenue | $138,934 |
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 | $155,414 |
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 | $236,313 |
Total liabilities and net assets/fund balances | $391,727 |
Over the last fiscal year, we have identified 1 grants that South East Metro Sharks Swim Club has recieved totaling $7,124.
Awarding Organization | Amount |
---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,124 |
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 |