Blue Wave Aquatics
- Assets
- $60.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Federal Way, WA
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 90-0032557
Organization Overview
Blue Wave Aquatics is located in Federal Way, WA. The organization was established in 2004. 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. Blue Wave Aquatics 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 12/2021, Blue Wave Aquatics generated $88.5k 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 (4.7%) each year. All expenses for the organization totaled $54.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Neely Head Coach | 25 | $34,038 | |
Zena Courtney Vice President | 1 | $1,023 | |
Steve Freeborn President | 2 | $0 | |
Patti Cunningham Treasurer | 2 | $0 | |
Angela Turley Communications | 2 | $0 | |
Leslie Kim Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,755 |
| Total Program Service Revenue | $35,428 |
| Membership dues | $9,278 |
| Investment income | $74 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,013 |
| Other Revenue | $0 |
| Total Revenue | $88,548 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,964 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $10,937 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,006 |
| Total expenses | $54,907 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,914 |
| Other assets | $0 |
| Total assets | $60,914 |
| Total liabilities | $1,088 |
| Net assets or fund balances | $59,826 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blue Wave Aquatics has recieved totaling $187.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wave Aquatics Kirkland, WA | $630,453 | $2,501,805 |
George Y Pocock Rowing Foundation Seattle, WA | $3,882,620 | $2,812,752 |
Seattle Metropolitan Aquatic Club Smac Seattle, WA | $884,255 | $1,782,098 |
United Catcher Boats Seattle, WA | $475,180 | $1,731,610 |
View Ridge Swim And Tennis Club Inc Seattle, WA | $3,724,944 | $1,441,409 |
Sammamish Rowing Association Redmond, WA | $4,776,054 | $1,351,994 |
Issaquah Swim Team Association Issaquah, WA | $1,210,423 | $1,327,015 |
Lake Oswego Swim Club Lake Oswego, OR | $414,917 | $727,237 |
Arbor Heights Swim Club Inc Seattle, WA | $1,525,580 | $677,128 |
Whitewater Aquatics Management Seattle, WA | $197,555 | $544,677 |
Innis Arden Swim Club Shoreline, WA | $1,906,549 | $769,141 |
Usa Swimming Inc Auburn, WA | $927,564 | $338,583 |