Issaquah Swim Team Association
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Issaquah, WA
- Founding
- 12/1994
- Data as of
- 08/2022
- EIN
- 91-1022526
Organization Overview
Issaquah Swim Team Association is located in Issaquah, WA. The organization was established in 1994. 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 08/2022, Issaquah Swim Team Association employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Issaquah Swim Team Association 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 08/2022, Issaquah Swim Team Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.2m during the year ending 08/2022. While expenses have increased by 4.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A YEAR ROUND COMPETITIVE SWIM TEAM, TRAINING APPROXIMATELY 300 MEMBERS AGES 6 TO 20.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A YEAR ROUND COMPETITIVE SWIM TEAM; TRAINING OVER 288 YOUNG PEOPLE AGES 6 TO 20.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy D Kearney Head Coach | 40 | $126,680 | |
Roger Lewis Treasurer | Officer | 5 | $0 |
Jeff Derstadt President | Officer | 10 | $0 |
Mark Magnotti Vice President | Officer | 5 | $0 |
Erin Oneil Secretary | Trustee | 5 | $0 |
Esther Magnotti Member At Large - Public Rela | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,424 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,054 |
| Total Program Service Revenue | $1,343,861 |
| Investment income | $34,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$92,789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,327,015 |
| 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. | $126,680 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $282,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,309 |
| Payroll taxes | $48,268 |
| Fees for services: Management | $5,895 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,137 |
| Advertising and promotion | $420 |
| Office expenses | $56,921 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,078 |
| 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 | $8,703 |
| Insurance | $1,701 |
| All other expenses | $51,056 |
| Total functional expenses | $1,238,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,267 |
| Savings and temporary cash investments | $332,903 |
| 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 |
| Net Land, buildings, and equipment | $49,037 |
| Investments—publicly traded securities | $443,271 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,945 |
| Total assets | $1,210,423 |
| Accounts payable and accrued expenses | $95,546 |
| 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 | $0 |
| Total liabilities | $95,546 |
| Net assets without donor restrictions | $1,114,877 |
| 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 | $1,210,423 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Issaquah Swim Team Association has recieved totaling $13,614.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,557 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
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 |