Team Y2k
- Assets
- $89.5k
- Revenue
- $377.0k
- Investments
- $0.0
- Employees
- 0
- Location
- River Forest, IL
- Founding
- Data as of
- 12/2021
- EIN
- 83-2309792
Organization Overview
Team Y2k is located in River Forest, IL. 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. Team Y2k 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 12/2021, Team Y2k generated $377.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $291.1k during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 3 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
EVERY DAY WE STRIVE TO PROVIDE AN ENVIRONMENT WHERE PERSONAL EXCELLENCE, TEAMWORK AND COMMITMENT ARE EXPECTED. THROUGH THE PURSUIT OF DREAMS AND GOALS, WE WILL LEARN VALUABLE LIFE SKILLS AND DEVELOP THE DRIVE TO ACHIEVE OUR POTENTIAL IN SWIMMING AND LIFE. WE ARE COMMITTED TO FOSTERING A HEALTHY ENVIRONMENT (MENTALLY AND PHYSICALLY) WHERE KIDS FEEL SAFE, AND ARE NOT AFRAID TO FALL DOWN, FALL SHORT OR FAIL IN THE LOFTY PURSUIT OF THEIR DREAMS. THIS IS WHERE CHARACTER IS DEVELOPED. TO BUILD A TRADITION OF SWIMMING EXCELLENCE TIED TO THE OAK PARK/RIVER FOREST COMMUNITY. WE WILL HAVE THE REPUTATION OF BEING A SAFE SPACE THAT PRODUCES PASSIONATE, INSPIRED AND HIGH ACHIEVING SWIMMERS, COACHES AND PARENTS. WE WILL STRIVE TO GIVE BACK TO THE COMMUNITY THAT SUPPORTS US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THIS PAST CALENDAR YEAR, TEAM Y2K SUCCESSFULLY TRANSITIONED TO A "NEW NORMAL" POST PANDEMIC LIMITATIONS WHICH AFFECTED TEAM ACTIVITY AND GROWTH IN 2020.TEAM Y2K IS BACK TO A FULL ROSTER, SERVICING 300 SWIMMERS. SWIMMERS RANGE FROM AGE 6 THROUGH 20 YEARS OLD; AND VARY FROM NOVICE TO NATIONAL LEVEL COMPETITORS. OUR RETENTION RATE IS OVER 85% - WHICH ACTUALLY RESULTS IN A WAITING LIST, AS AVAILABLE POOL SPACE LIMITS TEAM SIZE.65-70% OF OUR SWIMMERS ACTIVELY PARTICIPATE IN ILSWIM SANCTIONED COMPETITIONS.36% OF OUR SWIMMERS QUALIFIED TO COMPETE IN ILSWIM SANCTIONED SEASON CHAMPIONSHIPS.10 HS SWIMMERS QUALIFIED FOR A NATIONAL CHAMPIONSHIP MEET IN FLORIDAPRESENTLY HAVE 17 SWIMMERS COMPETING IN COLLEGE: DIV 1, DIV 3 AND CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Rigali Vice President | Officer | 1 | $0 |
Kathy Rigali President | Officer | 3 | $0 |
Megan Foody Secretary | Officer | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $376,979 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $376,979 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,070 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,859 |
| Travel | $8,390 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $17,426 |
| Total functional expenses | $291,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,470 |
| 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 | $0 |
| 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 | $0 |
| Total assets | $89,470 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $89,470 |
| 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 | $89,470 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grow Boating Inc Chicago, IL | $0 | $3,002,017 |
Usa Swimming Inc Rolling Meadows, IL | $1,062,881 | $1,962,511 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
New Trier Aquatics Winnetka, IL | $670,855 | $1,422,426 |
Hinsdale Swim Club Hinsdale, IL | $218,459 | $1,100,426 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |
Downers Grove Swim And Raquet Club Downers Grove, IL | $1,117,120 | $881,688 |
West Swim Club Inc Willowbrook, IL | $811,668 | $867,248 |
Southeastern Swim Club Incorporated Fishers, IN | $283,230 | $634,562 |
Sailing Education Association Of Sheboygan Inc Sheboygan, WI | $3,043,659 | $639,193 |