Hutchinson Swim Club Inc
- Assets
- $80.9k
- Revenue
- $123.1k
- Investments
- $0.0
- Employees
- 18
- Location
- Hutchinson, MN
- Founding
- 04/1999
- Data as of
- 03/2024
- EIN
- 41-1844341
Organization Overview
Hutchinson Swim Club Inc is located in Hutchinson, MN. The organization was established in 1999. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 03/2024, Hutchinson Swim Club Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hutchinson Swim Club 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 03/2024, Hutchinson Swim Club Inc generated $123.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $117.7k during the year ending 03/2024. While expenses have increased by 0.7% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP, MAINTAIN AND PROMOTE A PROGRAM OF SWIMMING EXCELLENCE WHILE FOCUSING ON CONTINUOUS DEVELOPMENT THROUGH GOAL SETTING, NUTRITION, MENTAL TRAINING, TEAMWORK, AND COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES AREA YOUTH SWIMMING PROGRAMS DESIGNED AND STRUCTURED SO THAT ALL AREA YOUTH CAN PARTICIPATE. THE ORGANIZATION SERVED 60 TO 95 BOYS AND GIRLS DURING A SPRING/SUMMER SESSION AND A FALL/WINTER SESSION, EACH SWIM PROGRAM SESSION LAST BETWEEN 5-6 MONTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Wakefield Director | Trustee | 1 | $0 |
Brett Oberg Director | Trustee | 1 | $0 |
Chad Miller Director | Trustee | 1 | $0 |
Jared Martig President | Officer | 2 | $0 |
Kayla Stansbury Secretary | Officer | 2 | $0 |
Sarah Yerks Treasurer | Officer | 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 | $4,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,774 |
| Total Program Service Revenue | $99,537 |
| Investment income | $800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,987 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,098 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,979 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33 |
| Office expenses | $4,806 |
| Information technology | $1,857 |
| Royalties | $0 |
| Occupancy | $7,960 |
| Travel | $3,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,325 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,432 |
| All other expenses | $0 |
| Total functional expenses | $117,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,361 |
| 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 | $657 |
| 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 | $80,897 |
| Accounts payable and accrued expenses | $6,681 |
| Grants payable | $0 |
| Deferred revenue | $2,055 |
| 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 | $8,736 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $72,161 |
| 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 | $80,897 |