Razorback Aquatic Club Inc
- Assets
- $166.5k
- Revenue
- $656.2k
- Investments
- $0.0
- Employees
- 41
- Location
- Springdale, AR
- Founding
- 01/1988
- Data as of
- 06/2022
- EIN
- 71-0648441
Organization Overview
Razorback Aquatic Club Inc is located in Springdale, AR. 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 06/2022, Razorback Aquatic Club Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Razorback 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 06/2022, Razorback Aquatic Club Inc generated $656.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $668.8k during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE NAME OF THE ORGANIZATION SHALL BE THE RAZORBACK AQUATIC CLUB, INC. (REFERRED TO BELOW AS "RAC"). RAC IS A NOT-FOR-PROFIT CORPORATION, AND IS DEDICATED TO THE IMPROVEMENT, PROGRESS, AND PROMOTION OF THE SPORT OF SWIMMING. THE PURPOSE OF THIS NON-PROFIT CORPORATION IS AS FOLLOWS: 1.TO FURTHER THE INTEREST, AWARENESS, AND EDUCATION IN THE SPORT OF SWIMMING. 2.TO PROMOTE THE DEVELOPMENT OF SWIM SKILLS, GOOD SPORTSMANSHIP, INDIVIDUAL INTEGRITY, LEADERSHIP, AND A POSITIVE TEAM ATMOSPHERE FOR ALL CLUB SWIMMERS. 3.TO PROMOTE COMPETITIVE SWIMMING ON THE LOCAL, REGIONAL, AND NATIONAL LEVELS. 4.TO PROMOTE AQUATIC ACTIVITIES AND SAFETY AS PART OF A HEALTHY LIFESTYLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES AND ACCOMPLISHMENTS: WE TEACH SWIM FUNDAMENTALS, GOOD SPORTSMANSHIP AND LIFE SKILLS NEEDED FOR A LIFETIME OF SWIMMING ENJOYMENT. ACCOMPLISHMENTS FOR THE YEAR INCLUDE 12 TEAM HOSTED SWIM MEETS, MULTIPLE ATHLETES PLACING IN STATE LEVEL MEETS AND SEVERAL AT NATIONAL LEVEL MEETS. OUR SWIM SCHOOL TOUCHES OVER 800 STUDENTS THROUGH LESSONS AND SUMMER SWIM LEAGUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Bussell President | Officer | 3 | $0 |
John Moseley Dir. Of Oper | Officer | 40 | $0 |
David Sexton Treasurer | Officer | 5 | $0 |
Paula Wicklund Vice Preside | Officer | 5 | $0 |
Clayton Hamilton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,956 |
| 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 | $43,956 |
| Total Program Service Revenue | $612,190 |
| Investment income | $32 |
| 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 | $656,178 |
| 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 | $293,988 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,600 |
| Payroll taxes | $24,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300,346 |
| Advertising and promotion | $1,342 |
| Office expenses | $10,043 |
| 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 | $6,238 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,549 |
| All other expenses | $17,630 |
| Total functional expenses | $668,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,791 |
| Savings and temporary cash investments | $31,719 |
| 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 | $166,510 |
| 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 | $166,510 |
| Total liabilities and net assets/fund balances | $166,510 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Razorback Aquatic Club Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Wal-Mart Foundation Bentonville, AR PURPOSE: EXECUTIVE MATCHING GIFT PROGRAM | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sea Star Base Galveston Galveston, TX | $52,632,706 | $20,281,003 |
Elkins Lake Recreation Corporation Huntsville, TX | $9,584,590 | $4,419,021 |
City Of Midland Aquatics Inc Midland, TX | $15,063,835 | $4,415,991 |
Lakeside Aquatic Club Flower Mound, TX | $1,073,156 | $2,759,695 |
Dads Club Swim Team Inc Houston, TX | $8,890,317 | $2,500,934 |
First Colony Swim Team Inc Missouri City, TX | $836,343 | $2,162,266 |
Courtney S Turner Charitable Trust Boatmens First Natl Bk Of Kc Ttee Dallas, TX | $21,330,664 | $1,286,547 |
Laser Class Association Inc Austin, TX | $1,155,017 | $1,842,561 |
Katy Aquatic Team For Youth Inc Katy, TX | $1,965,760 | $1,613,790 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Austin Rowing Club Austin, TX | $793,099 | $1,451,124 |