Usa Water Ski & Wake Sports Foundation Inc

Organization Overview

Usa Water Ski & Wake Sports Foundation Inc, operating under the name Formerly Amer Water Ski Ed Fd Inc, is located in Winter Haven, FL. The organization was established in 1969. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Formerly Amer Water Ski Ed Fd 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 12/2021, Formerly Amer Water Ski Ed Fd Inc generated $349.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $184.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ENCOURAGE AND EDUCATE THE PUBLIC ABOUT HISTORY AND SAFETY OF WATER SPORTS. PROMOTE EDUCATION THROUGH SCHOLARSHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUILDINGS, DISPLAYS AND MUSEUM WITH HALL OF FAME. OPEN TO THE PUBLIC


SCHOLARSHIPS


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Board, Officers & Key Employees

Name (title)Compensation
Ed Hickey
President
$0
Tim Huston
Vice Preside
$0
Kimberly Laskoff
Secretary
$0
Dennis Longo
Treasurer
$0
Mark Overbye
Chairman
$0
Mike Avila
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$32,490
Fundraising events$0
Related organizations$0
Government grants $222,010
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$254,500
Total Program Service Revenue$0
Investment income $2,083
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $78,553
Net Gain/Loss on Asset Sales $7,870
Net Income from Fundraising Events $6,856
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $349,862

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Usa Water Ski & Wake Sports Foundation Inc has recieved totaling $15,000.

Awarding OrganizationAmount
United Way Of Central Florida Inc

Highland City, FL

PURPOSE: Donor Designated for Disaster/ Emergency Relief

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$102,525
Earnings-$10,239
Grants$33,100
Ending Balance$59,186

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