757swim Inc
- Assets
- $3.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 82
- Location
- Williamsburg, VA
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-5004484
Organization Overview
757swim Inc is located in Williamsburg, VA. The organization was established in 2015. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, 757swim Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 757swim 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, 757swim Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 42.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD CONFIDENCE, CHARACTER AND TEAMWORK IN YOUNG MEN AND WOMEN THROUGH COMPETITIVE SWIMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROX. 200 YOUNG ADULTS BUILD CONFIDENCE, CHARACTER AND TEAMWORK IN COMPETATIVE SWIMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Ericsson Secretary | Trustee | 2 | $0 |
Lisa Ziehmann Treasurer | Officer | 1 | $0 |
Shannon Hartig President | Officer | 15 | $0 |
Scott Dameron Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $546,216 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,647 |
| Total Program Service Revenue | $497,439 |
| Investment income | $1,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $191,087 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,345,840 |
| 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 | $21,657 |
| 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 | $471,719 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,275 |
| Fees for services: Accounting | $14,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,414 |
| Office expenses | $14,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $156,440 |
| Travel | $29,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,691 |
| Interest | $105,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,211 |
| Insurance | $11,130 |
| All other expenses | $80,803 |
| Total functional expenses | $1,349,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,381 |
| Savings and temporary cash investments | $225,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,348 |
| 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 | $8,578 |
| Net Land, buildings, and equipment | $2,620,909 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,012,216 |
| Accounts payable and accrued expenses | $7,440 |
| 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 | $2,319,276 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $2,476,716 |
| Net assets without donor restrictions | $535,500 |
| 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 | $3,012,216 |