City Of Plano Swimmers Inc
- Assets
- $1.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 36
- Location
- Plano, TX
- Founding
- 10/1982
- Data as of
- 08/2022
- EIN
- 75-1815867
Organization Overview
City Of Plano Swimmers Inc is located in Plano, TX. The organization was established in 1982. 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 08/2022, City Of Plano Swimmers Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Plano Swimmers 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, City Of Plano Swimmers Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.1m during the year ending 08/2022. While expenses have increased by 6.2% per year over the past 6 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
SWIMMING LESSONS AND SWIM MEETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE YEAR ROUND TRAINING AND COMPETITIONS FOR PLANO AREA SWIMMERS AGES 25 AND UNDER. CONDUCTED AND ATTENDED SWIM MEETS BENEFITTING DALLAS REGIONAL SWIMMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Carson CEO | Officer | 65 | $94,026 |
Rebecca Mcferrin Secretary | OfficerTrustee | 1 | $0 |
Shana Shilliday Treasurer | OfficerTrustee | 1 | $0 |
Phoung Nyguen President | OfficerTrustee | 3 | $0 |
Paige Volk MD Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,056,269 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $263,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,948 |
| Noncash contributions included in lines 1a–1f | $13,492 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,340,602 |
| Total Program Service Revenue | $258,499 |
| Investment income | $7,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,383 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,678,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $915 |
| 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 | $94,026 |
| Other salaries and wages | $544,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,700 |
| Payroll taxes | $47,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,335 |
| Advertising and promotion | $5,787 |
| Office expenses | $5,895 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,448 |
| Travel | $14,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $743 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,756 |
| All other expenses | $39,468 |
| Total functional expenses | $1,097,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $707,537 |
| Savings and temporary cash investments | $1,001,458 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,272 |
| 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 | $2,671 |
| Total assets | $1,713,838 |
| Accounts payable and accrued expenses | $208 |
| 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 | $208 |
| Net assets without donor restrictions | $1,526,349 |
| Net assets with donor restrictions | $187,281 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,713,838 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that City Of Plano Swimmers Inc has recieved totaling $8,697.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $8,584 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 05/14/21 | $50 |
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 |
Austin Rowing Club Austin, TX | $793,099 | $1,451,124 |
Metroplex Aquatics Allen, TX | $207,807 | $1,113,321 |
City Of Plano Swimmers Inc Plano, TX | $1,713,838 | $1,678,096 |