Dynamos Parents Club Inc
- Assets
- $5.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 231
- Location
- Atlanta, GA
- Founding
- 01/1979
- Data as of
- 06/2022
- 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 06/2022, Dynamos Parents Club Inc employed 231 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 06/2022, Dynamos Parents Club Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 2.3% 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
2022
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 | $164,179 |
Ian Murray Head Coach | 40 | $157,084 | |
Clarice Wasmuth Vice President | OfficerTrustee | 1 | $0 |
Alex Wheelan Secretary | OfficerTrustee | 1 | $0 |
Gina Cook President | OfficerTrustee | 1 | $0 |
Patrick Hennessey Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,802,311 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $581,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,339 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,387,250 |
| Total Program Service Revenue | $1,584,697 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $184,191 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,156,871 |
| 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. | $164,179 |
| Compensation of current officers, directors, key employees. | $8,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,173,070 |
| Pension plan accruals and contributions | $38,019 |
| Other employee benefits | $138,516 |
| Payroll taxes | $177,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,465 |
| Fees for services: Accounting | $49,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,581 |
| Office expenses | $116,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,473 |
| Travel | $12,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $148,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,491 |
| Insurance | $103,346 |
| All other expenses | $285,750 |
| Total functional expenses | $4,793,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,634 |
| Savings and temporary cash investments | $48,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,095 |
| 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 | $48,747 |
| Net Land, buildings, and equipment | $4,073,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,505 |
| Other assets | $643,798 |
| Total assets | $4,985,436 |
| Accounts payable and accrued expenses | $145,578 |
| 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 | $2,870,787 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,016,365 |
| Net assets without donor restrictions | $1,969,071 |
| 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 | $4,985,436 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Dynamos Parents Club Inc has recieved totaling $33,166.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: RECREATION AND SPORTS | $17,500 |
Usa Swimming Foundation Colorado Springs, CO PURPOSE: LEARN TO SWIM | $9,680 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,900 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $86 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jonathans Landing Golf Club Inc Jupiter, FL | $59,911,329 | $17,646,734 |
Shadow Wood Country Club Inc Bonita Springs, FL | $55,101,901 | $17,682,525 |
Sawgrass Country Club Inc Ponte Vedra Bch, FL | $52,066,514 | $17,219,886 |
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Lost Tree Club Inc North Palm Beach, FL | $50,198,278 | $14,415,754 |
Kings Point Recreation Corporation Inc Delray Beach, FL | $17,448,550 | $25,502,124 |
Aberdeen Golf & Country Club Inc Boynton Beach, FL | $55,724,484 | $13,720,029 |
Oaks Club Corporation Osprey, FL | $41,379,362 | $16,079,534 |
Loxahatchee Club Inc Jupiter, FL | $33,280,282 | $11,290,558 |
Bath And Tennis Club Inc Palm Beach, FL | $38,923,467 | $10,953,480 |
Amelia Island Equity Club Inc Amelia Island, FL | $30,919,425 | $13,194,414 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |