Lakeside Aquatic Club

Organization Overview

Lakeside Aquatic Club is located in Flower Mound, TX. The organization was established in 1983. 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, Lakeside Aquatic Club employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeside Aquatic Club 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, Lakeside Aquatic Club generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $2.7m during the year ending 08/2022. While expenses have increased by 8.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE STRUCTURED YOUTH SWIMMING PROGRAMS AND TRAINING FOR APPROXIMATELY 900 ATHLETES, PRIMARILY IN THE DENTON AND TARRANT COUNTY AREAS OF NORTH TEXAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED STRUCTURED YOUTH SWIMMING PROGRAMS AND TRAINING FOR APPROXIMATELY 800 ATHLETES, PRIMARILY IN THE DENTON AND TARRANT COUNTY AREAS OF NORTH TEXAS. THE MEMBERSHIP DUES COMPARE REASONABLY TO THE BENEFITS RECEIVED, WITH THE PROGRAM PROVIDING PROFESSIONAL COACHING AND POOL ACCESS CONSISTENT WITH THE ORGANIZATION'S MISSION.


CASH CONTRIBUTION TO USA SWIMMING FOR 5% OF SWIM-A-THON SWIMMING REVENUE FOR FYE 8/31/22.


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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$9,794
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,794
Total Program Service Revenue$2,583,173
Investment income $419
Tax Exempt Bond Proceeds $0
Royalties $13,232
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $71,835
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,759,695

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lakeside Aquatic Club has recieved totaling $5,000.

Awarding OrganizationAmount
Usa Swimming Foundation

Colorado Springs, CO

PURPOSE: CLUB RELIEF

$5,000
View Grant Recipient Profile

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