Stingray Swim Team
- Assets
- $72.6k
- Revenue
- $259.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Fairbanks, AK
- Founding
- 03/2002
- Data as of
- 08/2022
- EIN
- 92-0097771
Organization Overview
Stingray Swim Team is located in Fairbanks, AK. The organization was established in 2002. 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 08/2023, Stingray Swim Team employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stingray Swim Team 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, Stingray Swim Team generated $259.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $212.7k during the year ending 08/2022. 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
FOSTER NATIONAL AND STATE AMATEUR SWIMMING COMPETITION AMONG YOUTHS 8 TO 18 AND ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SWIM AND DRY LAND COACHING, POOL AND GYM TIME AND EQUIMENT TO FOSTER COMPETITIVE SWIMMING ON THE STATE AND NATIONAL LEVEL OF APPROXIMATELY 125 SWIMMERS FROM 8 TO 18 YEARS OF AGE AND BEYOND ON A YEAR ROUND BASIS. PROVIDED SENIOR SWIMMERS MOVING ON TO COLLEGE LEVEL SWIMMING WITH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catharine Geraghty Treasurer | OfficerTrustee | 2 | $0 |
Danielle Agostine Vice President | OfficerTrustee | 2 | $0 |
Diane Beshears Secretary | OfficerTrustee | 2 | $0 |
Shaye Persinger Member, Senior Athlete Rep | Trustee | 2 | $0 |
Scott Rupp President | OfficerTrustee | 2 | $0 |
Karolina Priebe Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $83,475 |
| Fundraising events | $11,652 |
| Related organizations | $0 |
| Government grants | $44,479 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,667 |
| Total Program Service Revenue | $41,990 |
| Investment income | $785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,541 |
| Net Income from Gaming Activities | $36,303 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $259,769 |
| 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. | $75,353 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,745 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,826 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,506 |
| Travel | $25,992 |
| 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 | $1,217 |
| All other expenses | $6,647 |
| Total functional expenses | $212,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,397 |
| Savings and temporary cash investments | $6,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,394 |
| 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 | $1,767 |
| 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 | $72,617 |
| Accounts payable and accrued expenses | $138 |
| 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 | $138 |
| Net assets without donor restrictions | $72,479 |
| 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 | $72,617 |