Annapolis Swim Club Corporation
- Assets
- $400.3k
- Revenue
- $774.4k
- Investments
- $0.0
- Employees
- 21
- Location
- Riva, MD
- Founding
- Data as of
- 08/2023
- EIN
- 84-3015426
Organization Overview
Annapolis Swim Club Corporation is located in Riva, MD. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 08/2023, Annapolis Swim Club Corporation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Annapolis Swim Club Corporation 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 08/2023, Annapolis Swim Club Corporation generated $774.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $608.3k during the year ending 08/2023. While expenses have increased by 25.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ANNAPOLIS SWIM CLUB (ASC) CHALLENGES ITS SWIMMERS TO PURSUE EXCELLENCE IN CHARACTER, SPORTSMANSHIP AND ACHIEVEMENT. ASC BELIEVE THIS IS BEST ACHIEVED IN A SAFE, SUPPORTIVE ENVIRONMENT WHERE COACHES AND PARENTS MODEL THESE CHARACTERISTICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNAPOLIS SWIM CLUB (ASC) IS A MEMBERSHIP ORGANIZATION DEDICATED TO COACHING SWIMMERS FOR COMPETITIVE YOUTH SWIMMING AND ATTENDS AND HOSTS SWIM MEETS OR COMPETITIONS (MEETS) IN A SPORTS LEAGUE WITH OTHER COMPETITIVE SWIM CLUBS. THE MAIN ACTIVITY OF ASC IS THE COACHING OF THE MEMBER SWIMMERS TO HELP THEM IMPROVE IN THE SKILL OF COMPETITIVE SWIMMING.
ASC HOSTS SOME, BUT NOT ALL OF THE MEETS THAT IT PARTICIPATES IN. MEMBERS COMPETE ON BEHALF OF ASC AND GET THEIR TIMES RECORDED WITH MARYLAND STATE SWIMMING. MEETS ALLOW MEMBER SWIMMERS TO BE RANKED WITH MARYLAND STATE SWIMMING AND TO QUALIFY TO COMPETE IN RANKED MEETS THAT ARE LOCAL, STATE AND NATIONAL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Henderson Head Coach/d | OfficerTrustee | 40 | $70,618 |
Anne Canaday Director | Trustee | 1 | $0 |
Alex Martin Trustee/dire | Trustee | 1 | $0 |
Kirra Brandon Vice Preside | Officer | 1 | $0 |
Lisa Gebbia President | Officer | 1 | $0 |
Sara Aronson Mcgrath Treasurer | 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 | $774,433 |
| 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 | $774,433 |
| 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. | $70,618 |
| Compensation of current officers, directors, key employees. | $3,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,403 |
| Payroll taxes | $34,450 |
| 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 | $374,117 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,937 |
| All other expenses | $0 |
| Total functional expenses | $608,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,274 |
| 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 | $400,274 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $400,274 |
| Total liabilities and net assets/fund balances | $400,274 |