North Suburban Instructional Aquatics Inc
- Assets
- $233.9k
- Revenue
- $483.2k
- Investments
- $0.0
- Employees
- 0
- Location
- North Oaks, MN
- Founding
- 10/2003
- Data as of
- 08/2024
- EIN
- 91-2193555
Organization Overview
North Suburban Instructional Aquatics Inc is located in North Oaks, MN. The organization was established in 2003. 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. North Suburban Instructional Aquatics 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 08/2024, North Suburban Instructional Aquatics Inc generated $483.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $383.4k during the year ending 08/2024. While expenses have increased by 3.4% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INSTRUCION IN THE SPORT OF SWIMMING, PROVIDE INSTRUCTION IN THE SPORT OF SWIMMING, WITH EMPHASIS ON AMATEUR COMPETITIVE SWIMMINGFOR SWIMMERS OF ALL ABILITIES THROUGH VARIOUS LEVELS OF PROGRAMMING; PROVIDE INSTRUCTION AND TRAINING IN AMATEUR COMPETITIVE SWIMMING IN ACCORDANCE WITH THESTANDARDS AND RULES PRESCRIBED BY THE RECOGNIZED SUPERVISORY AGENCIES INCLUDING, BUT NOTLIMITED TO, USA SWIMMING AND MINNESOTA SWIMMING, INC.; SPONSOR, ADMINISTER AND PROMOTE AMATEUR COMPETITIVE SWIMMING MEETS ON A LOCAL, STATEWIDEAND NATIONAL LEVEL FOR THE BENEFIT OF SWIMMERS OF APPROPRIATE AGES WHILE PROMOTING GOODSPORTSMANSHIP; ENCOURAGE AND PROMOTE GOOD PHYSICAL FITNESS AND HEALTH IN OUR MEMBERS AND THE COMMUNITYBY PARTICIPATION IN THIS LIFE-LONG ACTIVITY; PROMOTE PARENTAL INVOLVEMENT IN COMMUNITY ACTIVITIES SUCH AS SWIMMING INSTRUCTION AND IN THEWELFARE OF THE CORPORATION BY PROVIDING OPPORTUNITIES FOR PARENT PARTICIPATION WITHIN THEADMINISTRATION OF THE CORPORATIO
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIM INSTRUCTION, 150 MEMBERS, 250 DAYS, MULTIPLE SESSIONS PER DAY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Panek President | Trustee | 5 | $0 |
Laura Borofka Secretary | Trustee | 5 | $0 |
Josh Moellman Director | Trustee | 5 | $0 |
Michelle Edwards Personnel Coordinator | Trustee | 5 | $0 |
Jason Mcintyre Treasurer | Trustee | 5 | $0 |
Scott Wallace Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,742 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,435 |
| Total Program Service Revenue | $372,216 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,398 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $483,175 |
| 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. | $86,365 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,990 |
| Pension plan accruals and contributions | $908 |
| Other employee benefits | $0 |
| Payroll taxes | $13,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51 |
| Fees for services: Accounting | $26 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,450 |
| Advertising and promotion | $0 |
| Office expenses | $3,546 |
| Information technology | $2,249 |
| Royalties | $0 |
| Occupancy | $90,310 |
| 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 | $0 |
| Insurance | $6,393 |
| All other expenses | $1,109 |
| Total functional expenses | $383,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $233,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $233,871 |
| Accounts payable and accrued expenses | $9,370 |
| 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 | $9,370 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $224,501 |
| Total liabilities and net assets/fund balances | $233,871 |