Birmingham Swim League
- Assets
- $231.1k
- Revenue
- $338.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Birmingham, AL
- Founding
- 11/1970
- Data as of
- 08/2021
- EIN
- 63-0589921
Organization Overview
Birmingham Swim League is located in Birmingham, AL. The organization was established in 1970. 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 08/2021, Birmingham Swim League employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birmingham Swim League 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 08/2021, Birmingham Swim League generated $338.3k 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 (5.2%) each year. All expenses for the organization totaled $327.4k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BIRMINGHAM SWIM LEAGUE (BSL) IS A YEAR-ROUND COMPETITIVE SWIM TEAM. SEE SCHEDULE O FOR ADDITIONAL DESCRIPTION OF OUR MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE STRIVE TO PROVIDE SPORTSMANSHIP, PHYSICAL FITNESS AND THE DEVELOPMENT OF LEADERSHIP QUALITIES WHILE FOSTERING SELF-DISCIPLINE, BUILDING SELF CONFIDENCE, AND PROVIDING A SAFE AND COMPETITIVE SWIMMING EXPERIENCE FOR EVERY SWIMMER, EVERY PRACTICE. THIS ALLOWS EVERY MEMBER AN OPPORTUNITY TO IMPROVE SWIMMING SKILLS AND ACHIEVE SUCCESS AT HIS OR HER LEVEL OF ABILITY, FROM NOVICE TO INTERNATIONAL COMPETITOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tricia Simich Secretary | Officer | 5 | $0 |
Susanne Russell Treasurer | Officer | 5 | $0 |
Kristie Muir President | Officer | 5 | $0 |
Teresa Magnus Member | Trustee | 2 | $0 |
Kathryn Ely Member | Trustee | 2 | $0 |
Toby Schneider Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,374 |
| 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 | $7,388 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,338 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,596 |
| Payroll taxes | $8,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,085 |
| Advertising and promotion | $0 |
| Office expenses | $356 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,955 |
| Travel | $2,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,992 |
| Insurance | $4,064 |
| All other expenses | $0 |
| Total functional expenses | $327,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,061 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $177,539 |
| Total assets | $231,121 |
| Accounts payable and accrued expenses | $169 |
| 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 | $169 |
| 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 | $230,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Square Foundation Ocala, FL | $124,141,413 | $8,724,488 |
United States Masters Swimming Inc Sarasota, FL | $7,327,632 | $3,454,621 |
Usa Water Ski & Wake Sports Inc Auburndale, FL | $1,442,821 | $1,825,367 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Usa Swimming Inc Minneola, FL | $982,345 | $1,492,508 |
Sarasota Crew Inc Osprey, FL | $3,089,613 | $2,511,291 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Water Sports Foundation Inc Orlando, FL | $355,212 | $1,138,831 |
Huntsville Swim Association Huntsville, AL | $601,008 | $1,169,266 |
Sarasota Sharks Incorporated Sarasota, FL | $1,254,329 | $1,187,905 |
Athens Bulldog Swim Club Inc Hull, GA | $405,540 | $725,242 |
Palm Beach Sailing Club Inc West Palm Beach, FL | $1,088,323 | $782,714 |