Lone Star Swim Team
- Assets
- $186.5k
- Revenue
- $224.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 41-2052380
Organization Overview
Lone Star Swim Team is located in Houston, TX. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lone Star 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 12/2021, Lone Star Swim Team generated $224.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $201.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Wilson Vice President | 3 | $0 | |
Jennifer Valentine-Budet Secretary | 2.5 | $0 | |
Amanda Muske President | 10 | $0 | |
Hahn Nguyen Treasurer | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,779 |
| Interest on Savings | $24 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $212,611 |
| Total Revenue | $224,414 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $106,076 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,350 |
| Depreciation | $661 |
| Occupancy | $33,788 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,871 |
| Total operating and administrative expenses | $199,746 |
| Contributions, gifts, grants paid | $1,400 |
| Total expenses and disbursements | $201,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,258 |
| Savings and temporary cash investments | $128,228 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,981 |
| Other assets | $0 |
| Total assets | $186,467 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lone Star Swim Team has awarded $1,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JERSEY VILLAGE STARS SWIM TEAM INC PURPOSE: TO FUND CHARITABLE ACTIVITIES | $500 |
Houston, TX PURPOSE: TO FUND CHARITABLE ACTIVITIES | $500 |
WINCHESTER SWIM TEAM PURPOSE: TO FUND CHARITABLE ACTIVITIES | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sea Star Base Galveston Galveston, TX | $52,632,706 | $20,281,003 |
Elkins Lake Recreation Corporation Huntsville, TX | $9,584,590 | $4,419,021 |
City Of Midland Aquatics Inc Midland, TX | $15,063,835 | $4,415,991 |
Lakeside Aquatic Club Flower Mound, TX | $1,073,156 | $2,759,695 |
Dads Club Swim Team Inc Houston, TX | $8,890,317 | $2,500,934 |
First Colony Swim Team Inc Missouri City, TX | $836,343 | $2,162,266 |
Courtney S Turner Charitable Trust Boatmens First Natl Bk Of Kc Ttee Dallas, TX | $21,330,664 | $1,286,547 |
Laser Class Association Inc Austin, TX | $1,155,017 | $1,842,561 |
Katy Aquatic Team For Youth Inc Katy, TX | $1,965,760 | $1,613,790 |
Austin Rowing Club Austin, TX | $793,099 | $1,451,124 |
Metroplex Aquatics Allen, TX | $207,807 | $1,113,321 |
City Of Plano Swimmers Inc Plano, TX | $1,713,838 | $1,678,096 |