Beechwood Swim Club
- Assets
- $241.5k
- Revenue
- $429.8k
- Investments
- $0.0
- Employees
- 42
- Location
- Fort Mitchell, KY
- Founding
- 08/1980
- Data as of
- 12/2021
- EIN
- 61-0596792
Organization Overview
Beechwood Swim Club is located in Fort Mitchell, KY. The organization was established in 1980. 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 12/2021, Beechwood Swim Club employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beechwood Swim Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Beechwood Swim Club generated $429.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $371.3k during the year ending 12/2021. While expenses have increased by 9.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE INTEREST IN SWIMMING AND OTHER SIMILAR ATHLETIC PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SWIMMING POOL AND RELATED FACILITIES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Colvin President | OfficerTrustee | 0.5 | $0 |
Stephanie Bogenschutz Treasurer | OfficerTrustee | 3 | $0 |
Barbara Erardi Secretary | OfficerTrustee | 0.5 | $0 |
Jim Brannen Vice President | OfficerTrustee | 0.5 | $0 |
Kyle Burns Director | Trustee | 0.5 | $0 |
Gene Burchell Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $364,293 |
| Investment income | $1 |
| 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 | $41,341 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,824 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,346 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,107 |
| Advertising and promotion | $832 |
| Office expenses | $408 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,461 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,393 |
| Insurance | $11,260 |
| All other expenses | $5,927 |
| Total functional expenses | $371,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,773 |
| Savings and temporary cash investments | $0 |
| 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 | $121,651 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,116 |
| Other assets | $0 |
| Total assets | $241,540 |
| 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 | $113,600 |
| Total liabilities | $113,600 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $127,940 |
| Total liabilities and net assets/fund balances | $241,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grow Boating Inc Chicago, IL | $0 | $3,002,017 |
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
Usa Swimming Inc Rolling Meadows, IL | $1,062,881 | $1,962,511 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Swiminc Inc Worthington, OH | $829,638 | $1,806,874 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Vermilion Boat Club Inc Vermilion, OH | $883,885 | $1,475,888 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
New Trier Aquatics Winnetka, IL | $670,855 | $1,422,426 |