Lobo Aquatic Club Inc
- Assets
- $103.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 12
- Location
- Albuquerque, NM
- Founding
- 06/1984
- Data as of
- 08/2024
- EIN
- 85-0313462
Organization Overview
Lobo Aquatic Club Inc is located in Albuquerque, NM. The organization was established in 1984. 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 08/2024, Lobo Aquatic Club Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lobo Aquatic Club 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 08/2024, Lobo Aquatic Club Inc generated $134.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $130.6k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A COMPETITIVE SWIM TEAM.
Describe the Organization's Program Activity:
Part 3
PROVIDE COACHING, MEETS, EQUIPMENT & TRAVEL COSTS FOR A COMPETITIVE USA SWIMMING TEAM.
POOL RENTAL AND SUPPORT PAID TO UNM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Brunson Treasurer | 4 | $0 | |
Chris Chavez President | 9 | $7,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,164 |
| Membership dues | $127,614 |
| Investment income | $30 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,808 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,726 |
| Professional fees and other payments to independent contractors | $8,829 |
| Occupancy, rent, utilities, and maintenance | $49,918 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,162 |
| Total expenses | $130,635 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $103,940 |
| Other assets | $0 |
| Total assets | $103,940 |
| Total liabilities | $111 |
| Net assets or fund balances | $103,829 |