Hanover Aquatics Inc
- Assets
- $92.1k
- Revenue
- $544.5k
- Investments
- $0.0
- Employees
- 13
- Location
- Mechanicsville, VA
- Founding
- 09/1996
- Data as of
- 08/2023
- EIN
- 54-1763158
Organization Overview
Hanover Aquatics Inc is located in Mechanicsville, VA. The organization was established in 1996. 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, Hanover Aquatics Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanover Aquatics 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, Hanover Aquatics Inc generated $544.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $559.1k during the year ending 08/2023. While expenses have increased by 2.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: - TO PROVIDE EXCELLENCE IN TRAINING THROUGH PROFESSIONAL COACHING WHERE ALL SWIMMERS HAVE THE OPPORTUNITY TO ACHIEVE THEIR POTENTIAL AND COMPETE AT THEIR HIGHEST LEVEL. - TO DEVELOP DYNAMIC TEAM SPIRIT WHERE ALL SWIMMERS, COACHES AND FAMILIES ENCOURAGE AND SUPPORT EACH OTHER'S GOALS. - TO PROVIDE A PROGRAM THAT BELIEVES IN THE POWER OF TEACHING VALUABLE LIFE LESSONS THROUGH SWIMMING THAT TRANSLATES IN TO HIGH CHARACTER THAT PROMOTES SUCCESSES IN AND OUT OF THE WATER. - TO PROVIDE SAFETY, SUPPORT AND STRENGTH THROUGH THE SPORT OF SWIMMING. VISION: THROUGH THE SPORT OF COMPETITIVE SWIMMING INSTILL DEDICATION, DETERMINATION AND DESIRE FOR A LIFELONG LOVE OF SWIMMING AND TO BUILD A PROGRAM OF EXCELLENCE IN TRAINING, DYNAMIC TEAM SPIRIT, AND HIGH CHARACTER DEVELOPMENT WITH FAMILY SUPPORT WITH A SAFE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN ENVIRONMENT FOR THE SPORT OF COMPETITIVE SWIMMING INSTILL DEDICATION, DETERMINATION AND DESIRE FOR A LIFELONG LOVE OF SWIMMING AND TO BUILD A PROGRAM OF EXCELLENCE IN TRAINING, DYNAMIC TEAM SPIRIT, AND HIGH CHARACTER DEVELOPMENT WITH FAMILY SUPPORT WITH A SAFE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Hendrickson Coach | Trustee | 3.5 | $58,567 |
Nikki Deal Team Adminis | Trustee | 3.5 | $14,667 |
Carrie Connolly At Large | Trustee | 3.5 | $0 |
James Goodwillie At Large | Trustee | 3.5 | $0 |
Jackie Magill At Large | Trustee | 3.5 | $0 |
Chris Minton President | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,110 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,624 |
| Total Program Service Revenue | $472,922 |
| 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 | -$2,065 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $544,481 |
| 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. | $73,234 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,072 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,150 |
| Payroll taxes | $14,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,471 |
| Office expenses | $4,139 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,622 |
| Travel | $0 |
| 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 | $6,652 |
| Insurance | $4,286 |
| All other expenses | $7,167 |
| Total functional expenses | $559,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,777 |
| Savings and temporary cash investments | $60,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $92,067 |
| 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 | $0 |
| Other liabilities | $21,768 |
| Total liabilities | $21,768 |
| Net assets without donor restrictions | $70,299 |
| 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 | $92,067 |