Crimson Tide Aquatics
- Assets
- $91.9k
- Revenue
- $130.6k
- Investments
- $29.6k
- Employees
- 5
- Location
- Tuscaloosa, AL
- Founding
- 12/1988
- Data as of
- 07/2022
- EIN
- 63-0976321
Organization Overview
Crimson Tide Aquatics is located in Tuscaloosa, AL. The organization was established in 1988. 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 07/2022, Crimson Tide Aquatics employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crimson Tide Aquatics 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 07/2022, Crimson Tide Aquatics generated $130.6k 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 (4.8%) each year. All expenses for the organization totaled $149.3k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) 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 COMPETITIVE SWIMMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
CTA TRAINS PEOPLE TO BE COMPETITIVE SWIMMERS CHILDREN FROM AGE 4 TO ADULTS ARE TAUGHT WE OPERATE A YEAR-ROUND CALENDAR SCHEDULE STARTING IN AUGUST OF EACH YEAR 20-65 SWIMMERS ARE CURRENTLY TRAINING UP TO SIX DAYS A WEEK TO SWIM IN VARIOUS SWIM COMPETITIONS SOME SWIMMERS HAVE NATIONALLY RANKED TIMES AND SEVERAL SWIMMERS SWIM IN HIGHLY SELECTIVE MEETS SWIMMERS DEVELOP INTO WELL-DISCIPLINED ATHLETES AND PEOPLE FROM SKILLS THEY LEARN IN OUR PROGRAM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Harris Member | Officer | 0 | $0 |
Rachel Cobia Treasurer | Officer | 0 | $0 |
John Boxmeyer Presidentceo | Officer | 40 | $0 |
Shannon Seller Member | Officer | 0 | $0 |
Chris Sanders Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $64,393 |
| 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 | $64,393 |
| Total Program Service Revenue | $65,867 |
| Investment income | $313 |
| 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 | $130,593 |
| 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 | $207 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,150 |
| Office expenses | $4,278 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,237 |
| Travel | $29,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,761 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,128 |
| All other expenses | $0 |
| Total functional expenses | $149,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,824 |
| Savings and temporary cash investments | $27,539 |
| 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 | $29,551 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,914 |
| 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 | $91,914 |
| Total liabilities and net assets/fund balances | $91,914 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crimson Tide Aquatics has recieved totaling $6,034.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $6,034 |
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 |