International Swimming Hall Of Fame Inc
- Assets
- $12.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Ft Lauderdale, FL
- Founding
- 11/1965
- Data as of
- 12/2021
- EIN
- 59-1087179
Organization Overview
International Swimming Hall Of Fame Inc is located in Ft Lauderdale, FL. The organization was established in 1965. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, International Swimming Hall Of Fame Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Swimming Hall Of Fame 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 12/2021, International Swimming Hall Of Fame Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 17.7% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HALL OF FAME INDUCTION SEPTEMBER 29 AND 30, 2023. APPROXIMATELY 700 PERSONS ATTENDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES THE MEANS AND PROGRAMS TO RECOGNIZE INDIVIDUALS, ATHLETES AND ORGANIZATIONS FOR THEIR ACHIEVEMENTS IN AQUATIC SPORTS. THE ORGANIZATION PROMOTES SWIMMING AND SWIMMING SAFETY AWARENESS THROUGH ITS MANY ACTIVITIES AS WELL AS MAINTAINING A MUSEUM CONTAINING HISTORICAL MATERIAL, MEMORABILIA, EDUCATIONAL LITERATURE, MEDALS, AND ARCHIVES OF INTERNATIONAL AND NATIONAL AQUATIC ORGANIZATIONS. OTHER ACTIVITIES INCLUDE OPERATION OF A WEEKLY WEB MAGAZINE, MONTHLY WEB MAGAZINE, LIBRARY, MUSEUM GIFT SHOP, THE SPONSORING OF CERTAIN AQUATIC EVENTS, AND INTERNATIONAL MISSIONS AND EXHIBITIONS. APPROXIMATELY 50,000 PEOPLE HAVE BENEFITED DIRECTLY FROM OUR OPERATIONS AND HUNDREDS OF THOUSANDS THROUGH OUR WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Kent Chairman | OfficerTrustee | 1 | $0 |
Steve Hasty Vice Chairma | OfficerTrustee | 1 | $0 |
Mike Dooley Secretary | OfficerTrustee | 1 | $0 |
Matthew Mckean Treasurer | OfficerTrustee | 1 | $0 |
David Arluck Board Member | Trustee | 1 | $0 |
Stathis Avramidis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $925,688 |
| Investment income | $4,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$14,405 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,404,342 |
| 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. | $125,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,452 |
| Payroll taxes | $29,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $265,513 |
| Advertising and promotion | $6,155 |
| Office expenses | $0 |
| Information technology | $53,531 |
| Royalties | $0 |
| Occupancy | $24,793 |
| Travel | $13,235 |
| 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 | $28,479 |
| Insurance | $29,377 |
| All other expenses | $0 |
| Total functional expenses | $1,117,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,564 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,905 |
| Prepaid expenses and deferred charges | $18,759 |
| Investments—publicly traded securities | $521,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,020,613 |
| Total assets | $12,021,911 |
| Accounts payable and accrued expenses | $36,138 |
| Grants payable | $0 |
| Deferred revenue | $127,432 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $250,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,000 |
| Total liabilities | $423,570 |
| 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 | $11,598,341 |