Colorado Swim Team At Regis Inc
- Assets
- $563.3k
- Revenue
- $394.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Aurora, CO
- Founding
- 07/2001
- Data as of
- 08/2020
- EIN
- 84-1514043
Organization Overview
Colorado Swim Team At Regis Inc is located in Aurora, CO. The organization was established in 2001. 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 08/2020, Colorado Swim Team At Regis Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Swim Team At Regis 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 08/2020, Colorado Swim Team At Regis Inc generated $394.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $479.4k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO BRING ALL MEMBERS TOGETHER TO ACHIEVE A POSITIVE ENVIRONMENT AND CHALLENGING PROGRAM SO THAT EACH ATHLETE CAN REACH THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPETITIVE TRAINING ON A DAILY BASIS TO PREPARE FOR STATE, NATIONAL, AND INTERNATIONAL EVENTS. TRAVEL TO AND FROM COMPETITION AT SEVERAL SUCH EVENTS DURING THE PAST YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Schmitz President | OfficerTrustee | 40 | $111,250 |
Jamie Boone Director | Officer | 5 | $0 |
Kyle Cook Director | Officer | 5 | $0 |
Brooke Westall Director | Officer | 5 | $0 |
Dale Ammon Director | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $29 |
| 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 | $394,862 |
| 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 | $75,657 |
| Compensation of current officers, directors, key employees. | $111,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,993 |
| Pension plan accruals and contributions | $3,338 |
| Other employee benefits | $0 |
| Payroll taxes | $33,387 |
| 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 | $13,157 |
| Advertising and promotion | $0 |
| Office expenses | $5,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,474 |
| Travel | $0 |
| 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 | $2,500 |
| All other expenses | $0 |
| Total functional expenses | $479,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,931 |
| Savings and temporary cash investments | $57,373 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $563,304 |
| 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 | $70,292 |
| Total liabilities | $70,292 |
| 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 | $493,012 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colorado Swim Team At Regis Inc has recieved totaling $30,709.
| Awarding Organization | Amount |
|---|---|
Usa Swimming Inc Colorado Springs, CO PURPOSE: Club Investment | $30,709 |
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 |