Billings Aquatic Club Inc
- Assets
- $103.3k
- Revenue
- $289.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Billings, MT
- Founding
- 09/1987
- Data as of
- 08/2021
- EIN
- 81-0431304
Organization Overview
Billings Aquatic Club Inc, operating under the name Billings Aquatic Club, is located in Billings, MT. The organization was established in 1987. 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 08/2021, Billings Aquatic Club employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings 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 08/2021, Billings Aquatic Club generated $289.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $285.0k during the year ending 08/2021. While expenses have increased by 7.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH COMPETITIVE SWIM CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH COMPETITIVE SWIM CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Klies President | Officer | 0 | $0 |
Clark Montgomery Treasurer | Officer | 0 | $0 |
Patrick Seitz Vice President | Officer | 0 | $0 |
Jen Johnson Secretary | Officer | 0 | $0 |
Dawn Githens Fundraising | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,156 |
| Investment income | $0 |
| 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 | $4,971 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,261 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $106,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,000 |
| Payroll taxes | $9,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,627 |
| Advertising and promotion | $78 |
| Office expenses | $403 |
| Information technology | $252 |
| Royalties | $0 |
| Occupancy | $45,783 |
| Travel | $49,374 |
| 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 | $1,968 |
| Insurance | $8,970 |
| All other expenses | $0 |
| Total functional expenses | $284,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,711 |
| Savings and temporary cash investments | $0 |
| 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 | $1,200 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,964 |
| Total assets | $103,296 |
| Accounts payable and accrued expenses | $2,426 |
| 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 | -$76 |
| Total liabilities | $2,350 |
| 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 |
| Total liabilities and net assets/fund balances | $100,946 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Billings Aquatic Club Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitefish Community Aquatics And Health Center Whitefish, MT | $2,592,588 | $4,004,806 |
United States Team Penning Assn Inc Cheyenne, WY | $443,559 | $2,777,918 |
Casper Boat Club Casper, WY | $389,864 | $670,282 |
Sioux Falls Swim Team Inc Sioux Falls, SD | $203,535 | $457,354 |
Billings Aquatic Club Inc Billings, MT | $103,296 | $289,261 |
West Fargo Uss Swim Team West Fargo, ND | $335,892 | $326,106 |
Minot Swim Club Inc Minot, ND | $231,146 | $334,251 |
Watertown Area Swim Club Watertown, SD | $182,442 | $252,686 |
Missoula Aquatic Club Inc Missoula, MT | $89,725 | $261,655 |
Usa Swimming Inc Bozeman, MT | $178,757 | $193,080 |
Greater Boise Aquatics Foundation Inc Boise, ID | $549,098 | $760,486 |
Bozeman Swimming Club Bozeman, MT | $277,550 | $310,326 |