Klein Swim Academy Inc is located in Sarasota, FL. 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. Klein Swim Academy 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 12/2021, Klein Swim Academy Inc generated $502.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $501.1k during the year ending 12/2021. While expenses have increased by 11.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION AT THE SARASOTA SWIM ACADEMY IS TO HELP OUR COMMUNITY'S CHILDREN GROW INTO HAPPY, HEALTHY, RESPONSIBLE ADULTS BY INSTILLING CONFIDENCE AND BUILDING POSITIVE LEARNING ATTITUDES FOR LIFE THROUGH THE SPORT OF SWIMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BABY & METHIS IS A PRE-SWIMMING CLASS WITH PARENT PARTICIPATION PARENT AND CHILD (NEWBORNS 10 WEEK - TODDLERS 36 MONTHS)WORK TOGETHER WITH THE COACHES TO LEARN SKILLS INCLUDING BACK FLOATS, SUBMERSIONS (NOT FORCED) & ROLLOVER BREATHING, WITH INTRODUCTION TO STROKES, THROUGH FUN POSITIVE REINFORCEMENT, CUES & LOTS OF HUGS AND KISSES, FAMILY ENVIRONMENT WITH EXPERT INSTRUCTION. LEARN THE IMPORTANCE OF "BREATH, BALANCE & BUOYANCY"STROKE TEAM IS A YEAR ROUND CONTINUATION OF OUR LEARN TO SWIM PROGRAM & INTRODUCTION TO THE TSUNAMI SWIM TEAM. STROKE TEAM IS DESIGNED TO DEVELOP YOUR CHILD'S SWIMMING ENDURANCE, AS WELL AS, REFINING STROKE TECHNIQUE. EVEN THOUGH YOUR CHILD MAY FEEL COMFORTABLE IN A SWIMMING POOL ENVIRONMENT, THEY NEED TO DEVELOP MUSCLE STRENGTH AND LUNG CAPACITY.WHAT WOULD HAPPEN IF THEY FELL OUT OF A MOTOR BOAT, SAILBOAT, SURFBOARD, KAYAK, TUBE ON A RIVER, PADDLE BOARD? FELL OFF A DOCK, RIVER BANK, OR CAUGHT UP IN A HEAVY SURF? COULD THEY SWIM TO SAFETY?STROKE TEAM OFFERED YEAR ROUND & IS A NON-COMPETITIVE SEGUE TO THE SPORT OF SWIMMING & THE SARASOTA TSUNAMI SWIM TEAM. WHILE YOUR CHILD IS DEVELOPING THEIR SWIMMING SKILLS, THEY MAY DECIDE THAT SWIMMING IS THE SPORT THEY LOVE. AND WE WOULD LOVE TO HAVE THEM BE PART OF OUR TEAM.TSUNAMI SWIM TEAMSTROKE TEAM OUR ENTRY LEVEL GROUP WITH SWIMMERS USUALLY GRADUATING IN FROM SWIM LESSONS. EACH YOUNG SWIMMER SHOULD BE ABLE TO GO 25 YARDS FREESTYLE WITH SIDE BREATHING AND BE ABLE TO PUT THEIR FACE IN THE WATER, BACKSTROKE, AS WELL AS SWIM IN WATER OVER THEIR HEADS. DOGGY PADDLE IS NOT A SWIM STROKE. THIS GROUP PRACTICES TWICE EACH WEEK FOR ONE HOUR. COMPETITION IS NOT REQUIRED, BUT WE DO OFFER LOCAL AND VERY LOW KEY RACES.AGES 5 - 8 YEARS OLD BLUE TEAM WILL BE FOR SWIMMERS 8 & YOUNGER WHO SHOW THEY HAVE ADVANCED BEYOND STROKE TEAM. THEY WILL FOCUS ON LEARNING ALL FOUR STROKES, TURNS, STARTS AND HOW TO READ A PACE CLOCK AND TO DO SMALL SWIM AND KICK SETS.SILVER TEAM WILL BE FOR SWIMMERS 9 YRS. & YOUNGER WHO ARE READY TO FOCUS ON BEING STRONG COMPETITIVE SWIMMERS. THEY WILL CONTINUE WORKING ON ALL THE PARTS OF BLUE TEAM AND INCLUDE PRACTICING SWIM AND KICK IN ALL FOUR STROKES. THEIR SWIM SETS WILL BEGIN TO BE LONGER IN DURATION BUT WILL NOT YET BE IN WHAT MOST WOULD CONSIDER 'HARD CORE' TRAINING. THIS IS A STEPPING STONE TO THE JUNIOR TEAMS.VARSITY TEAM IS FOR 9 YRS. & OLDER GENERALLY BEGINNING SWIMMING FOR THE FIRST TIME. FOCUS WILL BE ON TEACHING ALL FOUR STROKES AND KICKS, TURNS AND STARTS. MODEST TRAINING TO PREPARE TO MOVE INTO EITHER SILVER OR JUNIOR TEAMS.JUNIOR TEAM IS FOR 8 - 12 YR. OLDS, SWIMMERS IN THIS GROUP ARE COMPETITIVE, PRACTICE TRAINING ALL FOUR STROKES IN BOTH SWIMMING AND KICKING. PREVIOUSLY THIS GROUP WAS KNOWN AS SILVER TEAM. THERE WILL BE TWO TRAINING GROUPS AT THIS LEVEL. ONE WILL BE FROM 3:00 - 4:30 PM, THE OTHER WILL BE FROM 5:00 - 6:30 PM. BOTH GROUPS WILL DO 'DRYLANDS' TOGETHER EACH DAY. THE EARLIER GROUP IS TO BOTH ACCOMMODATE SWIMMERS WHOSE SCHOOL DAY ENDS EARLIER AS WELL AS HELPING TO ALLEVIATE CROWDING IN OUR 5 - 6 TIME SLOT.JUNIOR 2 IS FOR 9 - 13 YR. OLDS, SWIMMERS IN THIS GROUP ARE HIGHLY COMPETITIVE, HAVE A GOAL OF SUCCESSFULLY COMPETING AT FLAGS AND BEYOND AND ARE COMMITTED TO PRACTICING 5 - 6 TIMES A WEEK AND SHOULD INCLUDE SATURDAY PRACTICES.SENIOR TEAM IS FOR SWIMMERS 12 YRS. AND OLDER, THOUGH MAINLY FOCUSED ON HS AGED SWIMMERS. THEY ARE EXPECTED TO ATTEND FOUR OR MORE PRACTICES EACH WEEK, WHICH SHOULD INCLUDE SATURDAY PRACTICE.SENIOR ELITE TEAM IS FOR SWIMMERS 12 YRS. AND OLDER, SWIMMERS ARE COMMITTED TO ALL PRACTICES EACH WEEK. THESE SWIMMERS ARE FOCUSED ON SCORING AT THE HS STATE LEVEL AS WELL AS COMPETING AT JUNIOR AND SENIOR NATIONALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ira Klein President | OfficerTrustee | 40 | $78,000 |
Lisa Repassy Director | Trustee | 25 | $30,000 |
Cynthia Klein Treasurer | OfficerTrustee | 25 | $18,000 |
Charles Warner Director | Trustee | 1 | $0 |
Julie Santiago Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $237 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $237 |
Total Program Service Revenue | $502,128 |
Investment income | $5 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $502,370 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $700 |
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. | $96,000 |
Compensation of current officers, directors, key employees. | $18,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $159,817 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,295 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $5,513 |
Office expenses | $1,484 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $70,708 |
Travel | $1,728 |
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 | $5,272 |
Insurance | $0 |
All other expenses | $3,348 |
Total functional expenses | $501,139 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,907 |
Savings and temporary cash investments | $61,297 |
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 | $7,469 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $80,673 |
Accounts payable and accrued expenses | $3,423 |
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 | $3,423 |
Net assets without donor restrictions | $77,250 |
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 | $80,673 |
Over the last fiscal year, we have identified 1 grants that Klein Swim Academy Inc has recieved totaling $322.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $322 |
Organization Name | Assets | Revenue |
---|---|---|
Circle Square Foundation Ocala, FL | $124,141,413 | $8,724,488 |
United States Masters Swimming Inc Sarasota, FL | $7,327,632 | $3,454,621 |
Usa Water Ski & Wake Sports Inc Auburndale, FL | $1,442,821 | $1,825,367 |
Usa Swimming Inc Minneola, FL | $982,345 | $1,492,508 |
Sarasota Crew Inc Osprey, FL | $3,089,613 | $2,511,291 |
Water Sports Foundation Inc Orlando, FL | $355,212 | $1,138,831 |
Huntsville Swim Association Huntsville, AL | $601,008 | $1,169,266 |
Sarasota Sharks Incorporated Sarasota, FL | $1,254,329 | $1,187,905 |
Athens Bulldog Swim Club Inc Hull, GA | $405,540 | $725,242 |
Palm Beach Sailing Club Inc West Palm Beach, FL | $1,088,323 | $782,714 |
Coconut Grove Sailing Club Instructional Center Inc Miami, FL | $284,549 | $710,117 |
Sarasota Sailing Squadron Inc Sarasota, FL | $2,108,235 | $790,673 |