Team Y2k
- Assets
- $119.7k
- Revenue
- $403.4k
- Investments
- $0.0
- Employees
- 0
- Location
- River Forest, IL
- Founding
- Data as of
- 12/2023
- 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 12/2023, Team Y2k generated $403.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $392.9k during the year ending 12/2023. While expenses have increased by 11.5% per year over the past 5 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
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
TEAM Y2K ACHIEVED THREE MAIN GOALS IN 2022:WE HAVE ACCESS TO FINITE POOL TIME AND SPACE AND HAVE STARTED TO MAKE INROADS TO OBTAIN MORE WATER TIME. WE CONTINUE TO MAINTAIN A MEMBERSHIP AT CAPACITY! WE WORK HARD TO CHALLENGE OUR RANGE OF SWIMMERS SO THEY GROW AND IMPROVE IN THE SPORT.TEAM Y2K, AS A TEAW, HAD OVER 80% OF THE ROSTER PARTICIPATE IN A SANCTIONED SWIM MEET. THIS IS THE HIGHEST % OF SWIM MEET INVOLVEMENT WE HAVE HAD AND IS A DIRECT RESULT OF INCREASING OUR REGISTERED TEAM OFFICIALS.AND FOR THE FIRST TIME, OVER 58% OF OUR SWIMMERS THAT COMPETED ACHIEVED USA SWIMMING BB TIMES STANDARDS OR FASTER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Rigali President | Officer | 20 | $90,500 |
Greg Rigali Vice President | Officer | 1 | $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 | $200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200 |
| Total Program Service Revenue | $403,187 |
| 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 | $403,387 |
| 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. | $90,500 |
| 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 | $0 |
| 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 | $56,479 |
| Travel | $33,153 |
| 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 | $35,811 |
| Total functional expenses | $392,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,681 |
| 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 | $119,681 |
| Accounts payable and accrued expenses | $3,563 |
| 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 | $3,563 |
| Net assets without donor restrictions | $116,118 |
| 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 | $119,681 |