Memphis State Swimming Inc
- Assets
- $86.0k
- Revenue
- $7.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 09/1993
- Data as of
- 06/2022
- EIN
- 62-1409684
Organization Overview
Memphis State Swimming Inc is located in Memphis, TN. The organization was established in 1993. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis State 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 06/2022, Memphis State Swimming Inc generated $7.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (41.9%) each year. All expenses for the organization totaled $6.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (43.4%) per year over the past 7 years. 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 PROMOTE THE SPORT OF SWIMMING AND TO PROVIDE TRAINING, INSTRUCTION, AND SUPPORT FOR THIS THOSE INTERESTED IN COMPETING IN SWIMMING MEETS ACROSS THE USA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMPHIS TIGER SWIMMING PROMOTES AN INCLUSIVE ENVIRONMENT FOR SWIMMERS OF ALL ABILITIES TO DEVELOP TO THEIR FULLEST POTENTIAL; AS SWIMMERS, TEAMMATES AND WELLROUNDED MEMBERS OF SOCIETY. IN SO DOING THIS PROGRAM SERVED 133 SWIMMERS UNDER THE AGE OF 12 EITHER THROUGH A SEASONAL OR YEAR-ROUND PROGRAM. ANOTHER 76 SWIMMERS OVER THE AGE OF 12 UTILIZED THE PROGRAM IN THE SAME MANNERS.
FOR THE CURRENT FISCAL YEAR, THE CHARITY WAS DISPLACED FROM ITS POOL, THE SWIMMERS PAID DUES TO THE YMCA AND SWAM IN THEIR POOLS, STARTING IN 2022, MTS BEGAN RECEIVING DUES FROM THE SWIMMERS AND AGAIN INCURRING EXPENSES.
FOR THE CURRENT FISCAL YEAR, THE CHARITY WAS DISPLACED FROM ITS POOL, THE SWIMMERS PAID DUES TO THE YMCA AND SWAM IN THEIR POOLS, STARTING IN SEPTEMBER 2021, MTS BEGAN RECEIVING DUES REVENUE FROM THE SWIMMERS AGAIN AND INCURRING EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabrielle Rose Director | OfficerTrustee | 2 | $0 |
Gina Boyd Treasurer | OfficerTrustee | 2 | $0 |
Bert Smythe President | OfficerTrustee | 2 | $0 |
Matt Miller Director | Trustee | 2 | $0 |
Lori Patterson Director | Trustee | 2 | $0 |
Hardin Kimmel Secretary | Trustee | 2 | $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 | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,520 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,965 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,880 |
| All other expenses | $0 |
| Total functional expenses | $6,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,163 |
| Savings and temporary cash investments | $886 |
| 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 | $86,049 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $86,049 |
| Total liabilities and net assets/fund balances | $86,049 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memphis State Swimming Inc has recieved totaling $176.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $176 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
Hollow Rock Racquet And Swim Club Inc Durham, NC | $3,219,714 | $2,479,240 |
Raleigh Swimming Association Raleigh, NC | $3,136,776 | $2,156,316 |
United States Power Squadrons Raleigh, NC | $2,932,406 | $2,085,267 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |