Valley Area Swim Team Inc
- Assets
- $111.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Harrisonburg, VA
- Founding
- 11/1992
- Data as of
- 07/2022
- EIN
- 54-1485658
Organization Overview
Valley Area Swim Team Inc is located in Harrisonburg, VA. The organization was established in 1992. 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. Valley Area Swim Team 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 07/2022, Valley Area Swim Team Inc generated $159.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $166.7k during the year ending 07/2022. While expenses have increased by 4.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE AN OPPORTUNITY FOR YOUNG PEOPLE TO ENGAGE IN A WHOLESOME, HEALTHY, LIFESAVING SPORT AND FOSTERCOMPETITION AND SELF-ESTEEM. APPROXIMATELY 115 SWIMMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Deeble Board Member | 0.5 | $0 | |
Sergiy Dmytriyev Board Member | 0.5 | $0 | |
Lori Long Board Member | 0.5 | $0 | |
Rick Erb Vice President | 3 | $0 | |
Sheryl Beckwith Secretary | 2 | $0 | |
Jeff Shafer Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $147,955 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,476 |
| Other Revenue | $0 |
| Total Revenue | $159,433 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $81,321 |
| Professional fees and other payments to independent contractors | $4,500 |
| Occupancy, rent, utilities, and maintenance | $24,132 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $56,772 |
| Total expenses | $166,725 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,006 |
| Other assets | $0 |
| Total assets | $111,134 |
| Total liabilities | $1,716 |
| Net assets or fund balances | $109,418 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Area Swim Team Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
Hollow Rock Racquet And Swim Club Inc Durham, NC | $3,219,714 | $2,479,240 |
Raleigh Swimming Association Raleigh, NC | $3,136,776 | $2,156,316 |
United States Power Squadrons Raleigh, NC | $2,932,406 | $2,085,267 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |