Tupelo Aquatic Club Inc
- Assets
- $165.9k
- Revenue
- $265.4k
- Investments
- $0.0
- Employees
- 15
- Location
- Tupelo, MS
- Founding
- 05/1981
- Data as of
- 12/2021
- EIN
- 64-0602613
Organization Overview
Tupelo Aquatic Club Inc is located in Tupelo, MS. The organization was established in 1981. 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, Tupelo Aquatic Club Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tupelo Aquatic Club 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 12/2021, Tupelo Aquatic Club Inc generated $265.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $226.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
ORGANIZED FOR SWIM TEAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM TEAM - TRAINING AND COMPETING IN AMATEUR SPORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Summer Swinney Secretary | Trustee | 1 | $0 |
Chris Johnson Vice-President | Trustee | 1 | $0 |
Janet Gaston Board Member | Trustee | 1 | $0 |
Ashley Martin President | Trustee | 1 | $0 |
Michael Little Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $153,390 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,390 |
| Total Program Service Revenue | $108,984 |
| 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 | $265,374 |
| 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 | $81,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,516 |
| Advertising and promotion | $1,161 |
| Office expenses | $2,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $4,146 |
| 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 | $2,336 |
| Insurance | $1,646 |
| All other expenses | $10,834 |
| Total functional expenses | $226,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,080 |
| 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 | $19,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $165,938 |
| Accounts payable and accrued expenses | $4,120 |
| 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 | $20,315 |
| Total liabilities | $24,435 |
| 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 | $141,503 |
| Total liabilities and net assets/fund balances | $165,938 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Huntsville Swim Association Huntsville, AL | $601,008 | $1,169,266 |
Razorback Aquatic Club Inc Springdale, AR | $166,510 | $656,178 |
Louisiana Charter Boat Association Metairie, LA | $545,874 | $490,101 |
Community Sailing New Orleans Inc New Orleans, LA | $3,056,677 | $1,072,604 |
Tristar Rowing Knoxville, TN | $222,174 | $351,785 |
Prime Aquatics Inc Alcoa, TN | $316,383 | $476,868 |
Central Arkansas Swim Club Inc Little Rock, AR | $49,005 | $340,611 |
Mobile Swim Association Mobile, AL | $71,539 | $324,808 |
West Meade Swimming Club Nashville, TN | $1,246,182 | $1,121,337 |
Thunder Inc Collierville, TN | $67,990 | $385,290 |