Soma Aquatics Foundation Inc is located in Petaluma, CA. The organization was established in 2014. 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. Soma Aquatics Foundation 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 12/2023, Soma Aquatics Foundation Inc generated $62.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $59.3k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
YOUTH SWIM PROGRAMS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeremy Engman President/ce | 3 | $0 | |
Mehrad Zarrehparvar Vice Preside | 1 | $0 | |
Jennifer Morris Secretary | 3 | $0 | |
Ryan Myers Treasurer | 1 | $0 | |
Adam Gorham Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $57,998 |
Total Program Service Revenue | $4,931 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $62,929 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $34,000 |
Professional fees and other payments to independent contractors | $13,010 |
Occupancy, rent, utilities, and maintenance | $16 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $12,305 |
Total expenses | $59,331 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $41,213 |
Other assets | $0 |
Total assets | $41,582 |
Total liabilities | $0 |
Net assets or fund balances | $41,582 |