Lake Oswego Swim Club
- Assets
- $414.9k
- Revenue
- $727.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Lake Oswego, OR
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 93-0852551
Organization Overview
Lake Oswego Swim Club is located in Lake Oswego, OR. The organization was established in 1986. 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, Lake Oswego Swim Club employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Oswego Swim Club 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 12/2021, Lake Oswego Swim Club generated $727.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $751.0k during the year ending 12/2021. While expenses have increased by 10.8% 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
LAKE OSWEGO SWIM CLUB (LOSC) IS A NATIONALLY RECOGNIZED, COMPETITIVE SWIM PROGRAM PROVIDING SWIMMERS THE OPPORTUNITY TO ACHIEVE THEIR HIGHEST POTENTIAL. LOSC PROMOTES THE PHYSICAL FITNESS AND CHARACTER BUILDING THROUGH INDIVIDUAL GROWTH IN AN INCLUSIVE, FLEXIBLE TEAM ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE OSWEGO SWIM CLUB (LOSC) IS A NATIONALLY RECOGNIZED, COMPETITIVE SWIM PROGRAM THAT PROVIDES SWIMMERS THE OPPORTUNITY TO ACHIEVE THEIR HIGHEST POTENTIAL AS BOTH A PERSON AND AN ATHLETE. LOSC AIMS TO SERVE SWIMMERS THROUGHOUT THEIR YOUTH SWIMMING CAREER. FOR NOVICE SWIMMERS, WHO ARE NOT READY FOR THE RIGORS OF COMPETITION , LOSC PROVIDES A SWIMMING FUNDAMENTALS TRAINING DESIGNED TO TEACH BEGINNERS HOW TO SAFELY ENJOY THE WATER AND TO PREPARE THEM TO PARTICIPATE IN COMPETITIVE SWIMMING. IN 2021, LOSC TRAINED AN AVERAGE OF 290 SWIMMERS EACH MONTH, FROM 6 YEAR -OLD NOVICE SWIMMERS TO COMPETITIVE HIGH SCHOOL SWIMMERS. THERE WERE APPROXIMATELY 90 ATHLETES AGE 10 AND UNDER, APPROXIMATELY 100 ATHLETES AGE 11-14, AND 100 HIGH SCHOOL ATHLETES. LOSC ATHLETES WERE REPRESENTED AT SWIM MEETS OF ALL LEVELS ACROSS THE COUNTRY STATE, REGIONAL AND NATIONAL CHAMPIONSHIP MEETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Melina Head Coach | Trustee | 40 | $134,100 |
Grace Yoon Vice President | OfficerTrustee | 4 | $0 |
Emily Yip Treasurer | OfficerTrustee | 4 | $0 |
Rick Vail President | OfficerTrustee | 6 | $0 |
Michelle Piscal Secretary | OfficerTrustee | 1 | $0 |
Laura Gustaff Communications | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,112 |
| Total Program Service Revenue | $651,214 |
| Investment income | $549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,362 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $727,237 |
| 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. | $134,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,429 |
| Pension plan accruals and contributions | $2,111 |
| Other employee benefits | $18,837 |
| Payroll taxes | $33,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,203 |
| Advertising and promotion | $0 |
| Office expenses | $167 |
| Information technology | $1,488 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $53,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,517 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,481 |
| All other expenses | $29,932 |
| Total functional expenses | $751,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,571 |
| Savings and temporary cash investments | $314,346 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $414,917 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,606 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,606 |
| 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 | $410,311 |
| Total liabilities and net assets/fund balances | $414,917 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Oswego Swim Club has recieved totaling $24.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Water Polo Inc Irvine, CA | $10,254,562 | $13,515,429 |
Pine Mountain Lake Assoc Groveland, CA | $12,781,532 | $13,134,426 |
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Wave Aquatics Kirkland, WA | $630,453 | $2,501,805 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
George Y Pocock Rowing Foundation Seattle, WA | $3,882,620 | $2,812,752 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |