Olympic View Swim Club Inc is located in Normandy Park, WA. The organization was established in 1961. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 10/2020, Olympic View Swim Club Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympic View Swim Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Olympic View Swim Club Inc generated $312.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $170.2k during the year ending 10/2020. 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
SEASONAL PRIVATE SWIM CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH TEAMS FOR SWIMMING, TENNIS, DIVE, SYNCRONIZED SWIMMING, AND WATER POLO.
THE CITY ACTIVITY FOR ADVERTISEMENT AND RETAIL ITEMS
SWIMMING AND TENNIS LESSONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Parker Vice President | OfficerTrustee | 5 | $0 |
Shane Stender President | OfficerTrustee | 5 | $0 |
Melissa Rupcich Treasurer | OfficerTrustee | 5 | $0 |
Melissa Downey Secretary | OfficerTrustee | 5 | $0 |
Haley Ballast Teams | Trustee | 5 | $0 |
Megan Schumacher Membership | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $279,022 |
Investment income | $28 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $130 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$123 |
Miscellaneous Revenue | $0 |
Total Revenue | $312,611 |
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 | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $53,782 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $4,925 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,625 |
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 | $19,158 |
Advertising and promotion | $0 |
Office expenses | $1,221 |
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 | $21,624 |
Insurance | $12,206 |
All other expenses | $0 |
Total functional expenses | $170,182 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $84,073 |
Savings and temporary cash investments | $113,893 |
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 | $1 |
Total assets | $398,132 |
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 | $4,705 |
Total liabilities | $4,705 |
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 | $393,427 |
Organization Name | Assets | Revenue |
---|---|---|
Wea Olympic Council Poulsbo, WA | $1,696,816 | $1,394,730 |
Olympic Peninsula Visitor Bureau Port Angeles, WA | $642,222 | $954,704 |
Marymoor Velodrome Association Redmond, WA | $253,865 | $275,211 |
Olympic View Swim Club Inc Normandy Park, WA | $398,132 | $312,611 |
Olympic Logging Conference Olympia, WA | $174,838 | $0 |
Columbia Gorge Racing Association Portland, OR | $151,220 | $0 |
Seattle Womens Hockey Club Kirkland, WA | $44,645 | $0 |
Xc Oregon Bend, OR | $207,763 | $0 |
Solstice Tkd Club Fairbanks, AK | $28,527 | $0 |
Catalyst Athletics Weightlifting Terrebonne, OR | $1,534 | $0 |