Virginia Vale Swim Club
- Assets
- $1.3m
- Revenue
- $697.8k
- Investments
- $0.0
- Employees
- 65
- Location
- Denver, CO
- Founding
- 01/1964
- Data as of
- 09/2022
- EIN
- 84-0466629
Organization Overview
Virginia Vale Swim Club is located in Denver, CO. The organization was established in 1964. 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 09/2022, Virginia Vale Swim Club employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Vale Swim Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Virginia Vale Swim Club generated $697.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $616.8k during the year ending 09/2022. While expenses have increased by 4.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SWIMMING AND RELATED RECREATIONAL FACILITIES FOR CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITIES ARE AVAILABLE FOR APPROXIMATELY 375 MEMBER FAMILIES.
SWIM TEAMS
SOCIAL EVENTS
ALL OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Montgomery Communicatio | OfficerTrustee | 5 | $0 |
Chris West Vice Preside | OfficerTrustee | 5 | $0 |
Pam Marsh Secretary | OfficerTrustee | 5 | $0 |
Viki Manley Treasurer | OfficerTrustee | 5 | $0 |
Debbie Fimple Teams | Trustee | 5 | $0 |
Josh Batchelder Membership | Trustee | 5 | $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 | $693,155 |
| Investment income | $263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,353 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $697,771 |
| 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 | $231,206 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,796 |
| 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 | $18,342 |
| Information technology | $3,976 |
| Royalties | $0 |
| Occupancy | $71,235 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $174 |
| Interest | $3,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,500 |
| Insurance | $19,351 |
| All other expenses | $8,687 |
| Total functional expenses | $616,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,384 |
| Savings and temporary cash investments | $173,949 |
| 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 | $12,802 |
| Net Land, buildings, and equipment | $997,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,323,375 |
| Accounts payable and accrued expenses | $5,323 |
| 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 | $6,170 |
| Total liabilities | $11,493 |
| Net assets without donor restrictions | $1,311,882 |
| 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 | $1,323,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Swimming Inc Colorado Springs, CO | $60,604,222 | $36,995,614 |
Pool & Hot Tub Foundation Colorado Springs, CO | $11,049,001 | $5,466,362 |
United States Team Penning Assn Inc Cheyenne, WY | $443,559 | $2,777,918 |
United States Synchronized Swimming Inc Colorado Springs, CO | $767,815 | $1,651,151 |
Steamboat Training Adaptive Recreational Sports Steamboat Springs, CO | $6,587,580 | $1,502,232 |
Scottsdale Aquatics Club Boosters Inc Scottsdale, AZ | $384,387 | $1,422,740 |
Wichita Swim Club Wichita, KS | $1,168,061 | $1,081,174 |
Highlands Ranch Aquatics Club Inc Highlands Ranch, CO | $351,068 | $874,760 |
Grand Canyon Youth Flagstaff, AZ | $1,989,034 | $1,269,297 |
Santa Fe Trail Blazers Association Shawnee Mission, KS | $677,575 | $731,776 |
Loveland Swim Club Inc Loveland, CO | $76,767 | $796,023 |
Fort Collins Area Swim Team Fort Collins, CO | $370,611 | $817,877 |