Northern Kentucky Clippers Swimming Inc
- Assets
- $211.6k
- Revenue
- $420.2k
- Investments
- $0.0
- Employees
- 15
- Location
- Erlanger, KY
- Founding
- 08/1999
- Data as of
- 08/2024
- EIN
- 61-1345484
Organization Overview
Northern Kentucky Clippers Swimming Inc is located in Erlanger, KY. The organization was established in 1999. 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 08/2024, Northern Kentucky Clippers Swimming Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Kentucky Clippers Swimming 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 08/2024, Northern Kentucky Clippers Swimming Inc generated $420.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $392.5k during the year ending 08/2024. While expenses have increased by 3.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER THE SPORT OF AMATEUR SWIMMING AT BOTH THE LOCAL AND REGIONAL LEVEL THROUGH TRAINING MEETS AND SOCIAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIN AMATEUR SWIMMERS. COACHES DETERMINE PROPER GROUP PLACEMENT TO MAXIMIZE TRAINING. APPROXIMATELY 200 BOYS AND GIRLS AGES 8 - 18 YEARS OLD PARTICIPATE.
PARTICIPATE IN SWIMMING MEETS BOTH AT HOME AND AWAY. APPROXIMATELY 5 HOME MEETS ARE HOSTED AND 15 AWAY MEETS ARE ATTENDED. BUILD TEAM SPIRIT THROUGH VARIOUS EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ajdin Dropic Director And President Oct 2024 And Frwd | OfficerTrustee | 1 | $0 |
Katie Cook Director And Vice President | OfficerTrustee | 1 | $0 |
Sean Knollman Director And Treasurer | OfficerTrustee | 1 | $0 |
Deborah Hageman Director And Secretary | OfficerTrustee | 1 | $0 |
Marco Presti Director | Trustee | 1 | $0 |
Emily Couch Director | Trustee | 1 | $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 | $5,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,026 |
| Total Program Service Revenue | $383,670 |
| 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 | $26,272 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,263 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $420,231 |
| 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 | $250,497 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,111 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,619 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,655 |
| Travel | $0 |
| 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 | $1,983 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,635 |
| All other expenses | $6,920 |
| Total functional expenses | $392,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,553 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,553 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $211,553 |
| 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 | $211,553 |