Sandsharks Inc
- Assets
- $90.0k
- Revenue
- $250.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Southern Pines, NC
- Founding
- 04/1994
- Data as of
- 08/2021
- EIN
- 56-1838975
Organization Overview
Sandsharks Inc is located in Southern Pines, NC. The organization was established in 1994. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2021, Sandsharks Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sandsharks 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 08/2021, Sandsharks Inc generated $250.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $216.1k during the year ending 08/2021. 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
THIS ORGANIZATION PROVIDES SWIM TRAINING FROM BEGINNER TO SENIOR NATIONAL LEVELS, AND THE PROGRAM ALLOWS SWIMMERS TO COMPETE IN MEETS SPONSORED BY USS SWIMMING INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION PROVIDES SWIM TRAINING FROM BEGINNER TO SENIOR NATIONAL LEVELS, AND THE PROGRAM ALLOWS SWIMMERS TO COMPETE IN MEETS SPONSORED BY USS SWIMMING INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindley Fleury President | OfficerTrustee | 20 | $0 |
Susanne Cooper Secretary | Officer | 10 | $0 |
Scott Gainey Board Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,862 |
| 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 | $250,937 |
| Statement of Expenses | |
|---|---|
| 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. | $9,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,015 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,870 |
| All other expenses | $0 |
| Total functional expenses | $216,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,488 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,008 |
| Accounts payable and accrued expenses | $4,223 |
| 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 | $114,100 |
| Unsecured mortgages and notes payable | $19,231 |
| Other liabilities | $3,385 |
| Total liabilities | $140,939 |
| 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 |
| Total liabilities and net assets/fund balances | -$50,931 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sandsharks Inc has recieved totaling $6.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Tennis Association Inc Peachtree Corners, GA | $27,075,181 | $12,482,397 |
Usta Mid-Atlantic Foundation Herndon, VA | $9,955,195 | $6,119,455 |
North Carolina Tennis Association Incorporated Greensboro, NC | $3,086,008 | $3,276,809 |
Professional Tennis Registry Inc Hilton Head Island, SC | $6,269,528 | $3,800,991 |
Georgia Tennis Association Inc Marietta, GA | $3,312,720 | $2,030,309 |
Chapel Hill Tennis Club Inc Carrboro, NC | $1,484,802 | $1,790,846 |
Tennessee Tennis Association Nashville, TN | $1,241,223 | $1,735,556 |
Atlanta Lawn Tennis Association Inc Roswell, GA | $5,942,134 | $1,735,741 |
Brentwood Swim And Tennis Club Inc Brentwood, TN | $1,599,906 | $1,730,461 |
Tennis Memphis Inc Memphis, TN | $350,559 | $1,302,648 |
Chesterbrook Swimming And Tennis Club McLean, VA | $6,546,549 | $1,290,665 |
Manker Patten Tennis Club Inc Chattanooga, TN | $2,476,761 | $957,597 |