Wellington Sharks Swim Team Inc
- Assets
- $19.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Flower Mound, TX
- Founding
- 09/2011
- Data as of
- 02/2022
- EIN
- 75-2881742
Organization Overview
Wellington Sharks Swim Team Inc is located in Flower Mound, TX. The organization was established in 2011. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Wellington Sharks Swim Team 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 02/2022, Wellington Sharks Swim Team Inc generated $40.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $35.7k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED SWIM INSTRUCTION TO 240 SWIMMERS REPRESENTING 150 WELLINGTON FAMILIES. PARTIAL SEASON DUE TO CO-VID 19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Masters President | 0 | $0 | |
Marie Wells Vice President | 0 | $0 | |
Kimberly Medina Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $40,129 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,131 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,208 |
| Professional fees and other payments to independent contractors | $1,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,200 |
| Total expenses | $35,708 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,104 |
| Other assets | $0 |
| Total assets | $19,104 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,104 |
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 |