Katy Aquatic Team For Youth Inc
- Assets
- $2.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 65
- Location
- Katy, TX
- Founding
- 08/2001
- Data as of
- 08/2023
- EIN
- 75-2124074
Organization Overview
Katy Aquatic Team For Youth Inc, operating under the name Katy Aquatics, is located in Katy, TX. The organization was established in 2001. 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 08/2023, Katy Aquatics employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Katy Aquatics 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 08/2023, Katy Aquatics generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.2m during the year ending 08/2023. While expenses have increased by 1.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A WORLD-CLASS AQUATICS PROGRAM FOR ALL MEMBERS TO DEVELOP THEIR FULL POTENTIAL AS ATHLETES AND INDIVIDUALS IN A SAFE AND POSITIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM TEAM - THIS PROGRAM OF THE KATY AQUATICS TEAM FOR YOUTH (KATY) PROVIDES TEACHING AND COACHING INSTRUCTION FOR ALL AGES AND ABILITIES. KATY'S GOAL AS A SWIM CLUB IS TO DEVELOP THE MINDS AND BODIES FOR FUTURE ATHLETIC TRAINING AND TO ALWAYS STRIVE FOR EXCELLENCE. KATY'S COACHES ARE MEMBERS OF THE AMERICAN SWIMMING COACHES ASSOCIATION (ASCA) AND ARE EXPERTS IN PROPER BREATHING AND STROKE MECHANICS. DURING THE CURRENT FISCAL YEAR, A MONTHLY AVERAGE OF 588 SWIMMERS WERE ENROLLED IN THIS PROGRAM.
LEARN TO SWIM - THIS PROGRAM AIMS TO TEACH ITS STUDENTS TO SWIM WITHOUT THE STRESS OF COMPETITION. OUR SWIM AMERICA PROGRAM PROVIDES THE OPPORTUNITY FOR ALL AGES AND ABILITIES TO LEARN TO SWIM WITH PROPER TEACHING AND COACHING INSTRUCTION. WATER SAFETY IS AN IMPORTANT COMPONENT OF THE PROGRAM AND REGULAR EVENTS ARE HELD TO EDUCATE THE WHOLE FAMILY ABOUT WATER SAFETY. DURING THE CURRENT FISCAL YEAR, AN AVERAGE OF 2,302 LESSONS WERE GIVEN EACH MONTH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Sandifer Executive Di | Officer | 50 | $77,250 |
Matthew Coulter Treasurer | OfficerTrustee | 2 | $0 |
Jeremy Fitzjarrell Parlimentari | Trustee | 2 | $0 |
Patrick Fults Vice-Preside | OfficerTrustee | 2 | $0 |
Melissa Hardy At-Large Boa | Trustee | 2 | $0 |
Nicole Morgan Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,451 |
| Related organizations | $0 |
| Government grants | $67,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,668 |
| Total Program Service Revenue | $2,173,885 |
| Investment income | $642 |
| 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 | $2,321,195 |
| 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. | $124,915 |
| Compensation of current officers, directors, key employees. | $62,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $878,824 |
| Pension plan accruals and contributions | $12,307 |
| Other employee benefits | $125,129 |
| Payroll taxes | $91,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,547 |
| Advertising and promotion | $2,392 |
| Office expenses | $13,178 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,972 |
| Travel | $43,044 |
| 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 | $28,150 |
| Insurance | $6,829 |
| All other expenses | $60,537 |
| Total functional expenses | $2,213,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,583 |
| Savings and temporary cash investments | $449,508 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,098 |
| 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 | $61,328 |
| Net Land, buildings, and equipment | $597,144 |
| Investments—publicly traded securities | $322,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $127,631 |
| Total assets | $2,110,844 |
| Accounts payable and accrued expenses | $129,425 |
| Grants payable | $0 |
| Deferred revenue | $159,709 |
| 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 | $289,134 |
| Net assets without donor restrictions | $1,821,710 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,110,844 |