Waugh Chapel Swim Club Inc
- Assets
- $468.0k
- Revenue
- $422.1k
- Investments
- $0.0
- Employees
- 29
- Location
- Gambrills, MD
- Founding
- 08/1981
- Data as of
- 12/2021
- EIN
- 52-0977892
Organization Overview
Waugh Chapel Swim Club Inc is located in Gambrills, MD. The organization was established in 1981. 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, Waugh Chapel Swim Club Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waugh Chapel Swim Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Waugh Chapel Swim Club Inc generated $422.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $408.5k during the year ending 12/2021. While expenses have increased by 5.6% 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
THE SWIM CLUB PROVIDES A SAFE ENVIRONMENT FOR FAMILY SWIMMING AND PROVIDES TRAINING AND PRACTICE TO YOUNG INDIVIDUALS FOR COMPETITIVE SWIMMING AND DIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SWIMMING, TENNIS AND CONCESSION FACILITIES TO SEVERAL HUNDRED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Bouchard President | OfficerTrustee | 4 | $0 |
Paul Walker Secretary | OfficerTrustee | 4 | $0 |
Jeff Madison Vice President | OfficerTrustee | 4 | $0 |
Jennifer Cavin Treasurer | OfficerTrustee | 4 | $0 |
David Mogel Facilities Dir | Trustee | 4 | $0 |
Christy Dunlap Membership | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $315,543 |
| 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 | $315,543 |
| Total Program Service Revenue | $106,520 |
| Investment income | $3 |
| 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 | $422,066 |
| 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. | $6,000 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $41,080 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| 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 | $2,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $156,217 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,956 |
| Insurance | $33,658 |
| All other expenses | $106,095 |
| Total functional expenses | $408,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,962 |
| Savings and temporary cash investments | $0 |
| 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 | $15,664 |
| Net Land, buildings, and equipment | $370,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $467,966 |
| 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 | $159,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $159,850 |
| 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 | $308,116 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $467,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |
North Baltimore Aquatic Club Inc Towson, MD | $609,098 | $1,206,837 |
The Fish Swimteam Inc Fairfax, VA | $418,358 | $867,783 |
Highlands Swim And Tennis Club Inc Mclean, VA | $2,158,004 | $1,103,225 |
Usa Swimming Inc Appomattox, VA | $921,136 | $1,203,031 |
Forest Hill Swim Club Inc Ellicott City, MD | $874,185 | $822,025 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |