Usa Swimming Inc
- Assets
- $688.1k
- Revenue
- $331.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 03/2006
- Data as of
- 08/2022
- EIN
- 68-0112483
Organization Overview
Usa Swimming Inc is located in Sacramento, CA. The organization was established in 2006. 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 a subordinate organization within an affiliated group for tax-exemption purposes. USA 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 08/2022, USA Swimming Inc generated $331.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $262.5k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) 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
PROMOTING SWIMMING BY OFFERING COMPETITIVE AND SAFE OPPORTUNITIES TO ATHLETES, SUPPORT TO COACHES, AND EDUCATIONAL AWARENESS TO CLUBS AND VOLUNTEERS IN CENTRAL AND NORTHERN CALIFORNIA AND NORTHERN NEVADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL REVENUES, INCLUDING REGISTRATION AND MEET ENTRY FEES, ARE USED TO FURTHER THE SPORT OF AMATEUR SWIMMING FOR THE REGISTERED INDIVIDUALS AND CLUB MEMBERS OF SIERRA NEVADA SWIMMING, INC. SIERRA NEVADA SWIMMING (A SANCTIONING ORGANIZATION OF USA SWIMMING, INC.) HJOINS WITH IT'S LOCAL MEMBER SWIM CLUBS IN THE ORGANIZING, SPONSORING AND SANCTIONING SWIM COMPETITIONS. TRAVEL ASSISTANCE IS PROVIDED TO MEMBER CLUBS WHOSE SWIMMERS QUALIFY FOR REGIONAL, NATIONAL AND INTERNATIONAL SWIM COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Myers Member-At-Large | OfficerTrustee | 4 | $0 |
Ricky Silva General Chairman | OfficerTrustee | 30 | $0 |
Roberta Savage Member-At-Large | OfficerTrustee | 4 | $0 |
Alison Appel Treasurer | OfficerTrustee | 4 | $0 |
Melissa Szpik Serrao Officials Chair | Trustee | 2 | $0 |
Daryn Glasgow Administrative Vice Chari | Trustee | 4 | $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 | $331,319 |
| Investment income | $287 |
| 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 | $331,606 |
| 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 | $79,588 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,792 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,336 |
| 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 | $3,296 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $84 |
| Total functional expenses | $262,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,332 |
| Savings and temporary cash investments | $365,784 |
| 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 | $688,116 |
| Accounts payable and accrued expenses | $328 |
| 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 | $328 |
| 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 | $687,788 |
| Total liabilities and net assets/fund balances | $688,116 |
Grants Awarded
Over the last fiscal year, Usa Swimming Inc has awarded $0 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Carmichael, CA PURPOSE: SWIM CLUB ACHIEVEMENT | $0 |
Folsom, CA PURPOSE: SWIM CLUB ACHIEVEMENT | $0 |
CALIFORNIA CAPITAL AQUATICS PURPOSE: SWIM CLUB ACHIEVEMENT | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Water Polo Inc Irvine, CA | $10,254,562 | $13,515,429 |
Pine Mountain Lake Assoc Groveland, CA | $12,781,532 | $13,134,426 |
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |