Greater Boise Aquatics Foundation Inc
- Assets
- $5.7m
- Revenue
- $231.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- Data as of
- 12/2022
- EIN
- 86-2698195
Organization Overview
Greater Boise Aquatics Foundation Inc is located in Boise, ID. 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. Greater Boise Aquatics Foundation 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 12/2022, Greater Boise Aquatics Foundation Inc generated $231.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (44.9%) each year. All expenses for the organization totaled $181.9k during the year ending 12/2022. 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
THE GREATER BOISE AQUATIC FOUNDATION IS A NON-PROFIT ORGANIZATION WITH A MISSION TO PROVIDE OPPORTUNITIES FOR COMMUNITY MEMBERS OF ALL AGES TO PARTICIPATE IN AQUATIC ACTIVITIES, INCLUDING SWIM LESSONS, COMPETITIVE SWIMMING, WATER POLO, FITNESS, THERAPY, AND RECREATION. THE FOUNDATIONS MAIN GOALS CONSIST OF THE FOLLOWING:1.BUILD AQUATIC CENTERS;2.PROVIDE FINANCIAL ASSISTANCE FOR PARTICIPATION IN AQUATIC ACTIVITIES, INCLUDING SWIM LESSONS, COMPETITIVE SWIMMING, WATER POLO, AND OTHER AREAS OF INTEREST;3.CONDUCT BOTH NONCOMPETITIVE AND COMPETITIVE EVENTS TO FURTHER THE DEVELOPMENT OF AQUATIC SKILLS AND ENDEAVORS; AND4.DEVELOP SUPPORT FOR ORGANIZATIONS THAT PROVIDE AQUATIC OPPORTUNITIES FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GBAF, IN TANDEM WITH VARIOUS PARTNERS, BEGAN THE DEVELOPMENT AND CONSTRUCTION OF THE IDAHO CENTRAL AQUATIC CENTER. THE FOUNDATION HELD FUNDRAISING EVENTS AND RAISED FUNDS FOR PURPOSES OF BUILDING CAPITAL FOR THE NEW FACILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Rubocki Director | Trustee | 10 | $0 |
Josh Hoisington Director | Trustee | 10 | $0 |
Jim Byrne Director | Trustee | 10 | $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 | $223,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,010 |
| Total Program Service Revenue | $0 |
| Investment income | $8,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$78 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,278 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $134,000 |
| 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 | $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 | $5,667 |
| 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 | $28,698 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $396 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $181,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,008,701 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,621,082 |
| 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 | $68,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $51,431 |
| Other assets | $0 |
| Total assets | $5,749,814 |
| 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 | $5,151,405 |
| Other liabilities | $0 |
| Total liabilities | $5,151,405 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $598,409 |
| 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 | $5,749,814 |