Dynamos Parents Club Inc
- Assets
- $5.3m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 292
- Location
- Atlanta, GA
- Founding
- 01/1979
- Data as of
- 06/2023
- EIN
- 58-1076889
Organization Overview
Dynamos Parents Club Inc is located in Atlanta, GA. The organization was established in 1979. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Dynamos Parents Club Inc employed 292 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dynamos Parents Club 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 06/2023, Dynamos Parents Club Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $5.4m during the year ending 06/2023. While expenses have increased by 3.6% per year over the past 8 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 PURSUE EXCELLENCE IN COMPETITIVE SWIMMING AND TO BE THE MODEL 18 AND UNDER CLUB IN COMPETITION AND PHILANTHROPY THROUGHOUT THE USA, AND THEREFORE THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUCCESSFUL EXECUTION OF THIS MISSION ALLOWS DYNAMO TO ACHIEVE ITS TWO PRONGED VISION: 1 TO PROVIDE WATER SAFETY INSTRUCTION AND SWIM LESSONS TO CHILDREN THROUGHOUT THE METRO ATLANTA AREA, TO NOT ONLY REDUCE THE INCIDENCE OF DROWNING, BUT TO ALSO FOSTER AN ENJOYMENT OF SWIMMING. 2 TO PROVIDE POOL SPACE AND INSTRUCTION FOR COMMUNITY ORGANIZATIONS WITH AQUATIC NEEDS OR WITH MEMBERS WHO NEED A CLOSED ENVIRONMENT FOR INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cotter CEO | Officer | 40 | $222,744 |
Ian Murray Head Coach | 40 | $154,544 | |
Greg Hudock Director | Trustee | 1 | $0 |
Jennifer Entrekein President | OfficerTrustee | 1 | $0 |
Kathy Stephens Director | Trustee | 1 | $0 |
Martin Chen Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,889,491 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,268 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,034,658 |
| Total Program Service Revenue | $2,247,852 |
| Investment income | $5,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $55,461 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,350,503 |
| 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. | $230,559 |
| Compensation of current officers, directors, key employees. | $11,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,270,321 |
| Pension plan accruals and contributions | $29,765 |
| Other employee benefits | $111,045 |
| Payroll taxes | $187,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,660 |
| Fees for services: Accounting | $62,878 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,188 |
| Office expenses | $130,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,996 |
| Travel | $20,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $144,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $296,011 |
| Insurance | $128,132 |
| All other expenses | $348,232 |
| Total functional expenses | $5,420,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,860 |
| Savings and temporary cash investments | $448,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,225 |
| 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 | $60,157 |
| Net Land, buildings, and equipment | $3,895,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,492 |
| Other assets | $655,077 |
| Total assets | $5,292,778 |
| Accounts payable and accrued expenses | $150,618 |
| 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 | $3,243,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,394,007 |
| Net assets without donor restrictions | $1,898,771 |
| 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 | $5,292,778 |