Minot Swim Club Inc
- Assets
- $221.0k
- Revenue
- $238.4k
- Investments
- $0.0
- Employees
- 44
- Location
- Minot, ND
- Founding
- 01/1978
- Data as of
- 08/2024
- EIN
- 45-0342986
Organization Overview
Minot Swim Club Inc is located in Minot, ND. The organization was established in 1978. 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 08/2024, Minot Swim Club Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minot 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 08/2024, Minot Swim Club Inc generated $238.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $251.8k during the year ending 08/2024. While expenses have increased by 4.9% per year over the past 9 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
THE MINOT SWIM CLUBS MISSION IS TO AFFORD THE YOUTH OF THE COMMUNITY TO LEARN TO SWIM; AND PARTICIPATE IN A WHOLESOME ENVIRONMENT OF COMPETITION TO FOSTER FAIR PLAY AND SPORTSMANSHIP, AND BUILD GOOD HEALTH AND VIGOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINOT SWIM CLUB PROVIDED 800 LESSONS FOR YOUTH OF THE MINOT COMMUNITY, AND SPONSORED 250 YOUTH IN COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Shirek Member | Trustee | 0 | $0 |
Vanessa Strandlien Safety Co Ordinator | Trustee | 5 | $0 |
Krista Dunstan Member | Trustee | 0 | $0 |
Danae Inman Member | Trustee | 0 | $0 |
Ginger Quam Member | Trustee | 0 | $0 |
Kassidy Skjervem Member At Large | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,082 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,772 |
| Total Program Service Revenue | $213,863 |
| Investment income | $4,804 |
| 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 | -$4,006 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,433 |
| 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 | $158,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $175 |
| Office expenses | $3,109 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,777 |
| 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 | $3,239 |
| Insurance | $5,461 |
| All other expenses | $39,409 |
| Total functional expenses | $251,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,309 |
| Savings and temporary cash investments | $56,031 |
| 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 | $2,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $29,153 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $220,993 |
| Accounts payable and accrued expenses | $364 |
| 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 | $364 |
| 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 | $220,629 |
| Total liabilities and net assets/fund balances | $220,993 |