Palo Alto Swim Club
- Assets
- $381.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 19
- Location
- Palo Alto, CA
- Founding
- 10/1987
- Data as of
- 12/2021
- EIN
- 94-1549738
Organization Overview
Palo Alto Swim Club is located in Palo Alto, CA. The organization was established in 1987. 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, Palo Alto Swim Club employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palo Alto 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, Palo Alto Swim Club 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 6.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.3% 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
THE PALO ALTO SWIM CLUB CATERS TO SWIMMERS AT MANY LEVELS WHO SEEK COMPETITIVE TRAINING FROM BEGINNERS TO THOSE WHO HAVE QUALIFIED TO COMPETE AT NATIONAL MEETS. WHAT THEY ALL HAVE IN COMMON IS THAT THEY ENJOY SWIMMING AND FIND THE CLUB A FRIENDLY PLACE IN WHICH TO DO SO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON GOING SWIM PROGRAM: THESE ARE THE EXPENSES THAT ARE INCURRED FOR AWARDS, IN-OUT EXPENSES: MEET ENTRIES FOR THE GROUP, GROUP TRAVEL EXPENSE REGISTRATION AND INSURANCE, RELAY FEES AND SWIMMER SUPPORT/COACHES REWARDS, PARTIES, INCENTIVES, PICNICS, SWIM CAPS, T-SHIRTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Batis Director | Trustee | 1 | $125,000 |
F Balmaceda President | OfficerTrustee | 1 | $0 |
P Gibbs Treasurer | OfficerTrustee | 1 | $0 |
L Schaffer Secretary | OfficerTrustee | 1 | $0 |
R Gertsner Fundraising Cha | Trustee | 1 | $0 |
J Krik Volunteer Coord | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $956,239 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,689 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,122,019 |
| Total Program Service Revenue | $162,089 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $344 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,284,485 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,669 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,203 |
| Payroll taxes | $39,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,387 |
| Advertising and promotion | $58 |
| Office expenses | $3,040 |
| Information technology | $4,441 |
| Royalties | $0 |
| Occupancy | $239,223 |
| Travel | $24,738 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,097,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,745 |
| Savings and temporary cash investments | $187,576 |
| 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 | $1 |
| Total assets | $381,322 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $381,322 |
| 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 | $381,322 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Palo Alto Swim Club has recieved totaling $23,124.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,218 |
Usa Swimming Inc Discovery Bay, CA PURPOSE: ATHLETE TRAVEL SUPPORT | $9,400 |
Analog Devices Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $354 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $152 |
Endowment Analysis
| Beg. Balance | $10,711 |
| Earnings | $1 |
| Ending Balance | $10,712 |
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 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |