Occoquan Swimming Inc
- Assets
- $313.9k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 103
- Location
- Manassas, VA
- Founding
- 10/1989
- Data as of
- 08/2023
- EIN
- 54-1463343
Organization Overview
Occoquan Swimming Inc is located in Manassas, VA. The organization was established in 1989. 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 08/2023, Occoquan Swimming Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Occoquan Swimming 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 08/2023, Occoquan Swimming Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.8m during the year ending 08/2023. While expenses have increased by 2.7% per year over the past 6 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 PROVIDE ATHLETIC EDUCATION AND INSTRUCTION IN SWIMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENGAGING IN TEAM COMPETITIONS AND PARTICIPATE IN AN ANNUAL AWARDS BANQUET WITH APPROXIMATELY 300 SWIMMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Dean General Manager | 40 | $0 | |
Steven Maynard President | Officer | 2 | $0 |
Christine Oliver Financial Officer | Officer | 2 | $0 |
Elizabeth Scott Member-At-Large | Trustee | 2 | $0 |
Katie Simmons Secretary | Officer | 2 | $0 |
Phil Daniel Vice President | Officer | 2 | $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 | $34,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,095 |
| Total Program Service Revenue | $2,565,250 |
| Investment income | $148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,545 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $47,141 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,677,179 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $945,739 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $27,786 |
| Other employee benefits | $0 |
| Payroll taxes | $81,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,609 |
| Office expenses | $37,388 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,717 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,944 |
| Insurance | $15,701 |
| All other expenses | $99,011 |
| Total functional expenses | $2,753,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,659 |
| Savings and temporary cash investments | $81,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,487 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,448 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $53,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,800 |
| Other assets | $26,362 |
| Total assets | $313,913 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,525 |
| Total liabilities | $518,525 |
| Net assets without donor restrictions | -$204,612 |
| 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 | $313,913 |