Santa Clara Aquamaids Synchronized Swimming Club
- Assets
- $7.5m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 79
- Location
- Santa Clara, CA
- Founding
- 06/1965
- Data as of
- 09/2022
- EIN
- 94-1585794
Organization Overview
Santa Clara Aquamaids Synchronized Swimming Club is located in Santa Clara, CA. The organization was established in 1965. 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 09/2023, Santa Clara Aquamaids Synchronized Swimming Club employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Clara Aquamaids Synchronized Swimming 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 09/2022, Santa Clara Aquamaids Synchronized Swimming Club generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $3.6m during the year ending 09/2022. While expenses have increased by 2.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SANTA CLARA AQUAMAIDS ARE NATIONALLY AND INTERNATIONALLY ACCLAIMED AS ONE OF THE TOP SYNCHRONIZED SWIMMING CLUBS IN THE NATION PRODUCING WORLD-CLASS SYNCHRONIZED SWIMMERS AND OLYMPIC ATHLETES SINCE 1964. THE ORGANIZATION PROVIDES THE OPPORTUNITY FOR SWIMMERS TO LEARN AND PARTICIPATE IN A PROGRAM OF COMPETITIVE SYNCHRONIZED SWIMMING AND TO APPLY A MULTITUDE OF LEARNED SOCIAL AND SPORTS SKILLS AS THEY PURSUE THEIR GOALS AND COMPETE AT THE LOCAL, NATIONAL, AND INTERNATIONAL LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPETITIVE DEVELOPMENT SANTA CLARA AQUAMAIDS PROVIDES TRAINING IN TECHNICAL SWIMMING SKILLS, LEADERSHIP, TEAMWORK, SELF-CONFIDENCE, AND PRESENTATION. THE TRAINING IS PROVIDED BY WORLD-CLASS COACHES WHO HAVE OLYMPIC, INTERNATIONAL, AND COLLEGIATE COMPETITION EXPERIENCE. THESE SKILLS ARE APPLIED IN DOMESTIC AND INTERNATIONAL COMPETITION UP TO THE OLYMPIC LEVEL.
RECREATIONAL DEVELOPMENT THE RECREATIONAL DEVELOPMENT PROGRAM PROVIDES ONGOING TRAINING CAMPS AND TRAINING IN TECHNICAL SWIMMING SKILLS, LEADERSHIP, AND TEAMWORK ON A RECREATIONAL LEVEL FOR YOUNG PEOPLE AGES 6 TO 18.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mingming Liu Treasurer | OfficerTrustee | 10 | $0 |
Eileen Tse Secretary | OfficerTrustee | 10 | $0 |
Heather Dal Cielo President | OfficerTrustee | 10 | $0 |
Dave Boor Director | Trustee | 10 | $0 |
Aydin Birik Director | Trustee | 10 | $0 |
Lauren Mcfall Gardner Advisory Board | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $546,343 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $279,012 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,005,707 |
| Total Program Service Revenue | $127,611 |
| Investment income | $456 |
| 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 | $4,256,284 |
| Net Income from Sales of Inventory | $60,943 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,451,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| 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. | $246,711 |
| Compensation of current officers, directors, key employees. | $135,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $915,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,039 |
| Payroll taxes | $148,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $114,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,380 |
| Advertising and promotion | $83,159 |
| Office expenses | $119,782 |
| Information technology | $13,975 |
| Royalties | $0 |
| Occupancy | $460,829 |
| 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 | $161,147 |
| Insurance | $48,030 |
| All other expenses | $0 |
| Total functional expenses | $3,562,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,000 |
| Savings and temporary cash investments | $2,500,963 |
| 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 | $87,205 |
| Net Land, buildings, and equipment | $4,333,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,473,522 |
| Accounts payable and accrued expenses | $242,845 |
| 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 | $242,845 |
| Net assets without donor restrictions | $7,230,677 |
| 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 | $7,473,522 |
Grants Awarded
Over the last fiscal year, Santa Clara Aquamaids Synchronized Swimming Club has awarded $23,930 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LGOST FOUNDATION PURPOSE: ATHLETE TRAINER | $18,930 |
USA SYNCHRONIZED SWIMMING FOUNDATION PURPOSE: USA SYNCHRO FOUNDATION | $5,000 |