Buenaventura Swim Club
- Assets
- $79.2k
- Revenue
- $255.7k
- Investments
- $0.0
- Employees
- 28
- Location
- Ventura, CA
- Founding
- 01/1969
- Data as of
- 08/2021
- EIN
- 95-2553752
Organization Overview
Buenaventura Swim Club is located in Ventura, CA. The organization was established in 1969. 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 08/2021, Buenaventura Swim Club employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buenaventura 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 08/2021, Buenaventura Swim Club generated $255.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $239.6k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 years. 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
TRAINING & RECREATION OF YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS WERE ESTABLISHED AND CARRIED OUT FOR THE TRAINING AND RECREATION OF YOUTH AGES 6 THROUGH 24. SEVERAL SWIM MEETS WERE ALSO HOSTED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Grimaldi Director | Trustee | 5 | $0 |
Debra Beckman Vice President | Trustee | 5 | $0 |
Emily Ellison President | Trustee | 5 | $0 |
Amarie Wright Secretary | Trustee | 5 | $0 |
Kristi Armstrong Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,312 |
| Total Program Service Revenue | $232,465 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,958 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,738 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,925 |
| Payroll taxes | $12,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,849 |
| 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 | $0 |
| Advertising and promotion | $75 |
| Office expenses | $4,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,861 |
| Travel | $400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $2 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,847 |
| All other expenses | $7,197 |
| Total functional expenses | $239,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,008 |
| Savings and temporary cash investments | $35,286 |
| 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 | $10,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,231 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $37,799 |
| 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 | $37,799 |
| Net assets without donor restrictions | $41,432 |
| 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 | $79,231 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Buenaventura Swim Club has recieved totaling $7,925.
| Awarding Organization | Amount |
|---|---|
Usa Swimming Foundation Colorado Springs, CO PURPOSE: CLUB RELIEF | $7,925 |
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 |