Platinum Aquatics
- Assets
- $98.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Temple, TX
- Founding
- 03/2013
- Data as of
- 12/2022
- EIN
- 45-2795907
Organization Overview
Platinum Aquatics is located in Temple, TX. The organization was established in 2013. 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. Platinum Aquatics 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 12/2022, Platinum Aquatics generated $107.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $80.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE AN ORGANIZED COMPETITIVE SWIM PROGRAM FOR SWIMMERS OF ALL AGES AND ABILITIES. WE WILL PROMOTE SWIMMING INSTRUCTION, WATER SAFETY, IMPROVE THE PHYSICAL FITNESS OF ATHLETES, AND PROVIDE A POSITIVE PROGRAM WITH THE OPPORTUNITY TO PARTICIPATE IN MEETS, EVENTS, AND TO HAVE FUN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Spano President | 40 | $0 | |
Mary Spano Secretary | 40 | $0 | |
Brandi Cleaver Officer | 0.5 | $0 | |
Katie Dragoo Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $107,470 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $107,470 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $31,143 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,611 |
| Occupancy, rent, utilities, and maintenance | $1,497 |
| Printing, publications, postage, and shipping | $499 |
| Other expenses | $31,318 |
| Total expenses | $80,068 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,779 |
| Other assets | $0 |
| Total assets | $98,779 |
| Total liabilities | $0 |
| Net assets or fund balances | $98,779 |