Sioux Falls Swim Team Inc is located in Sioux Falls, SD. The organization was established in 1986. 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 08/2021, Sioux Falls Swim Team Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sioux Falls Swim Team 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 08/2021, Sioux Falls Swim Team Inc generated $457.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $286.2k during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION BY ORGANIZING AND OPERATING A COMPETITIVE SWIM CLUB TEAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INSTRUCTION AND OPERATE A COMPETITIVE SWIM CLUB TEAM FOR APPROXIMATELY 240 PARTICIPANTS RANGING FROM SIX TO NINETEEN YEARS OLD.
PROVIDE INSTRUCTION AND OPERATE A COMPETITIVE SWIM CLUB TEAM FOR APPROXIMATELY 240 PARTICIPANTS RANGING FROM SIX TO NINETEEN YEARS OLD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kristi Baumgartner President | OfficerTrustee | 10 | $0 |
Wendy Kay Secretary | OfficerTrustee | 5 | $0 |
Kelly Kotalic Vice-Preside | OfficerTrustee | 5 | $0 |
Tina Davis Treasurer | OfficerTrustee | 15 | $0 |
Nate Reit Director | Trustee | 5 | $0 |
Darcy Rokusek Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $99,577 |
All other contributions, gifts, grants, and similar amounts not included above | $31,225 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $130,802 |
Total Program Service Revenue | $218,293 |
Investment income | $7 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $116,123 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$9,259 |
Miscellaneous Revenue | $0 |
Total Revenue | $457,354 |
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 | $96,856 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $8,482 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,278 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $3,612 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $56,853 |
Travel | $13,947 |
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 | $1,263 |
Insurance | $5,174 |
All other expenses | $12,582 |
Total functional expenses | $286,241 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $30,545 |
Savings and temporary cash investments | $169,832 |
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 | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $3,158 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $203,535 |
Accounts payable and accrued expenses | $105 |
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 | $78 |
Total liabilities | $183 |
Net assets without donor restrictions | $203,352 |
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 | $0 |
Total liabilities and net assets/fund balances | $203,535 |
Over the last fiscal year, we have identified 3 grants that Sioux Falls Swim Team Inc has recieved totaling $27,184.
Awarding Organization | Amount |
---|---|
Sanford Sioux Falls, SD PURPOSE: PROGRAM SUPPORT | $25,000 |
Jerstad Family Foundation Sioux Falls, SD PURPOSE: GENERAL SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $184 |
Organization Name | Assets | Revenue |
---|---|---|
Whitefish Community Aquatics And Health Center Whitefish, MT | $2,592,588 | $4,004,806 |
United States Team Penning Assn Inc Cheyenne, WY | $443,559 | $2,777,918 |
Rochester Swim Club Orcas Rochester, MN | $1,478,113 | $1,744,806 |
Usa Swimming Inc Minnetonka, MN | $1,086,906 | $1,178,043 |
Casper Boat Club Casper, WY | $389,864 | $670,282 |
South Metro Storm Swim Club Lakeville, MN | $230,213 | $738,939 |
Edina Swim Club Inc Edina, MN | $440,938 | $736,378 |
Eden Prairie Foxjet Swim Team Eden Prairie, MN | $301,926 | $531,103 |
Minneapolis Sailing Center Minneapolis, MN | $376,071 | $638,488 |
South East Metro Sharks Swim Club Woodbury, MN | $391,727 | $538,632 |
Lake Minnetonka Sailing School Inc Excelsior, MN | $855,340 | $488,054 |
Great Wolf Swim Club Minneapolis, MN | $58,952 | $393,789 |