Midnight Sun Swim Team Inc
- Assets
- $137.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 8
- Location
- Fairbanks, AK
- Founding
- 07/1985
- EIN
- 92-0091523
Organization Overview
Midnight Sun Swim Team Inc is located in Fairbanks, AK. The organization was established in 1985. 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, Midnight Sun Swim Team Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midnight Sun Swim Team 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 undefined, Midnight Sun Swim Team Inc generated $181.0k 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 (3.3%) each year. All expenses for the organization totaled $147.4k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. 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
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND SUPPORT OF YOUTH SWIMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF MIDNIGHT SUN SWIM TEAM IS TO PROMOTE GOOD SPORTING CONDUCT,SELF-DISCIPLINE AND SELF-CONFIDENCE, WHILE IMPROVING SWIMMING ABILITY AMONG CHILDREN. THE MIDNIGHT SUN SWIM TEAM PROVIDES CHILDREN WITH THE OPPORTUNITY TO COMPETE INDIVIDUALLY AND AS A TEAM AT THE LOCAL, STATE AND NATIONAL LEVELS; AND TO STIMULATE PUBLIC INTEREST IN, AND APPRECIATION OF, AGE GROUP SWIMMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Lent Vice-President | Officer | 3 | $0 |
Meadow Bailey Secretary | Officer | 3 | $0 |
Erin Ottness President | Officer | 3 | $0 |
Astrid Erdman Treasurer | Officer | 3 | $0 |
Keith Palchikoff Director | Trustee | 3 | $0 |
Kaylene Ottoson Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,249 |
| Total Program Service Revenue | $13,086 |
| Membership dues | $75,358 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $24,002 |
| Other Revenue | $0 |
| Total Revenue | $180,954 |
| Statement of Expenses | |
|---|---|
| Total expenses | $147,430 |
| Balance Sheet | |
|---|---|
| Total assets | $137,203 |
| Total liabilities | $19,074 |
| Net assets or fund balances | $118,129 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midnight Sun Swim Team Inc has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
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 |
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 |
Everett Rowing Association Everett, WA | $460,272 | $556,877 |