Woodridge Swimming Club Inc
- Assets
- $582.9k
- Revenue
- $342.0k
- Investments
- $0.0
- Employees
- 26
- Location
- Bellevue, WA
- Founding
- 01/1964
- Data as of
- 12/2021
- EIN
- 91-0745750
Organization Overview
Woodridge Swimming Club Inc is located in Bellevue, WA. The organization was established in 1964. 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 12/2021, Woodridge Swimming Club Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodridge Swimming 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 12/2021, Woodridge Swimming Club Inc generated $342.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $243.7k during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEASONALEDUCATIONALRECREATIONAL CLUB PROVIDES SWIM TEAM ACTIVITIES AND LESSONS 150 CHILDREN UNDER AGE 18 AND SWIM FACILITIES FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM TEAM ACTIVITIES AND LESSONS FOR APPROXIMATELY 150 CHILDREN U DIVE TEAM AND DIVE CAMP ACTIVITIES FOR APPROXIMATELY 50 CHILDRES UNDER AGE 18.
SWIM AND SOCIAL ACTIVITIES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Thomsen Vprecording Secretary | Officer | $0 | |
Christina Dudley Membership Secretary | Officer | $0 | |
Deanne Huff Board President | Officer | $0 | |
Kristin Neibert Board Treasurer | Officer | $0 | |
Wes Jones Member At Large | Trustee | $0 | |
Julie Uyeda Swim Team Coordinator | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $114,566 |
| 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 | $114,566 |
| Total Program Service Revenue | $195,776 |
| Investment income | $4 |
| 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 | $342,006 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,657 |
| 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 | $13,500 |
| Advertising and promotion | $0 |
| Office expenses | $4,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,547 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,622 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,624 |
| Insurance | $12,086 |
| All other expenses | $2,630 |
| Total functional expenses | $243,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,264 |
| Savings and temporary cash investments | $61,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,960 |
| 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 | $456,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $582,861 |
| Accounts payable and accrued expenses | $423 |
| 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 | $317,407 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $317,830 |
| Net assets without donor restrictions | $265,031 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $582,861 |
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 |