California Aquatic Therapy & Wellness Center Inc
- Assets
- $2.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Long Beach, CA
- Founding
- 05/1986
- Data as of
- 12/2022
- EIN
- 95-2382016
Organization Overview
California Aquatic Therapy & Wellness Center Inc is located in Long Beach, CA. 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 12/2022, California Aquatic Therapy & Wellness Center Inc employed 23 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. California Aquatic Therapy & Wellness Center 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 12/2022, California Aquatic Therapy & Wellness Center Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $856.0k during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 8 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
PROVIDE AQUATIC THERAPY, EXERCISE AND WELLNESS PROGRAMS TO IMPROVE THE QUALITY OF LIFE OF PEOPLE WITH DISABILTIES, THE EDERLY AND INJURED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE IS TO PROVIDE AQUATIC THERAPY, EXERCISE AND WELLNESS PROGRAMS TO THE ELDERLY, PEOPLE WITH DISABILITIES AND FRAIL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Urbina President | OfficerTrustee | 2 | $0 |
Anthony Formoso Secretary | OfficerTrustee | 2 | $0 |
Linda Wilson Treasurer | OfficerTrustee | 2 | $0 |
John Andrews Board Member | Trustee | 2 | $0 |
Mieko Perez Board Member | Trustee | 2 | $0 |
Patricia Dixon Executive Director | Officer | 40 | $163,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $80,184 |
| Fundraising events | $10,855 |
| Related organizations | $0 |
| Government grants | $527,009 |
| All other contributions, gifts, grants, and similar amounts not included above | $176,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $794,513 |
| Total Program Service Revenue | $454,609 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,250,992 |
| 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. | $163,183 |
| Compensation of current officers, directors, key employees. | $40,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,102 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,121 |
| Payroll taxes | $32,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,543 |
| Office expenses | $13,725 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,167 |
| Insurance | $38,699 |
| All other expenses | $70,399 |
| Total functional expenses | $856,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,234,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $270,498 |
| Accounts receivable, net | $720,602 |
| 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 | $507,327 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $980 |
| Total assets | $2,733,862 |
| Accounts payable and accrued expenses | $54,096 |
| 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 | $497,734 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $551,830 |
| Net assets without donor restrictions | $1,190,932 |
| Net assets with donor restrictions | $991,100 |
| 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 | $2,733,862 |