Monterey Bay Swim Club
- Assets
- $157.3k
- Revenue
- $354.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Carmel By The Sea, CA
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 51-0155434
Organization Overview
Monterey Bay Swim Club is located in Carmel By The Sea, CA. The organization was established in 2019. 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 12/2021, Monterey Bay Swim Club employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey Bay Swim Club 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, Monterey Bay Swim Club generated $354.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $310.4k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 5 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
TRAINING, COACHING AND OPERATING A YOUTH SWIM TEAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONTEREY BAY SWIM CLUB (MBSC) TRAINED OVER 130 YOUTH SWIMMERS AT LOCAL HIGH SCHOOL AND COLLEGE POOLS AND OFFERED A HIGH QUALITY LEARN TO SWIM PROGRAM FOR OVER 150 CHILDREN IN POOLS ACROSS THE MONTEREY PENINSULA. MBSC PROMOTES SWIMMING AS A HEALTHFUL ATHLETIC EXPERIENCE IN WHICH CHILDREN CAN CONTINUE TO PARTICIPATE THROUGHOUT THEIR ADULT LIVES. COMPETATIVE SWIMMING PROVIDES CHILDREN WITH OPPORTUNITIES TO LEARN AND IMPROVES THEIR SKILLS, BUILD SELF CONFIDENCE.THE PROGRAM IS CAREFULLY DESIGNED TO ENCOURAGE AND SUPPORT SWIMMERS OF ALL AGES WHO ARE LOOKING FOR SUPERIOR TRAINING, COACHING AND COMPETITION. MBSC FREQUENTLY PARTICIPATES IN NATIONALLY RECOGNIZED EVENTS. THE CLUB IS AN OFFICIAL MEMBER OF ZONE 1 SOUTH WITHIN PACIFIC SWIMMING, A BRANCH OF USA SWIMMING, WHICH IS THE NATIONAL GOVERNING BODY OF AMATEUR SWIMMING IN THE USA. SEVERAL OF THE CLUBS ATHLETES ACHIEVED JUNIOR NATIONAL STATUS. ONE OF THE CLUBS ATHLETES PARTICIPATED IN THE 2012 OLYMPICS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Hazdovac Treasurer | Officer | 5 | $0 |
Mark Shelley Secretary | Officer | 5 | $0 |
Ron Garren CEO | Officer | 5 | $0 |
Financial Statements
| 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $354,741 |
| Investment income | $0 |
| 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 | $354,741 |
| 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 | $188,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,305 |
| 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 | $537 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,204 |
| Travel | $16,314 |
| 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 | $0 |
| Insurance | $9,299 |
| All other expenses | $37,389 |
| Total functional expenses | $310,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,073 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,184 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $157,257 |
| Accounts payable and accrued expenses | $0 |
| 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 | $71,504 |
| Other liabilities | $0 |
| Total liabilities | $71,504 |
| Net assets without donor restrictions | $0 |
| 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 | $85,753 |
| Total liabilities and net assets/fund balances | $157,257 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Monterey Bay Swim Club has recieved totaling $50,086.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $86 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Water Polo Inc Irvine, CA | $10,254,562 | $13,515,429 |
Pine Mountain Lake Assoc Groveland, CA | $12,781,532 | $13,134,426 |
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |