Civic Intelligence

Newjets Inc

EIN 20-5956938 • 501(c)3 • Eden Prairie, MN

Profile

Aquajets swim team is organized exclusively for charitable and educational purposes in the promotion of national amateur sports, more specifically to provide a nationally-competitive, amateur youth swim team for the athletic advancement and enjoyment of its members.

6545 Flying Cloud Drive 202Eden Prairie, MN 55345

www.aquajets.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.93x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

4.69x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

25th percentile

-6.0%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

21st percentile

-3.7%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

12%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$6,668,366

Down $253,540 (-3.7%) from 2023

Liabilities

Down

$6,230,225

Down $173,524 (-2.7%) from 2023

Net Assets

Down

$438,141

Down $80,016 (-15%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin25th percentile

Revenue

Up

$1,327,316

Up $140,292 (+12%) from 2023

Expenses

Up

$1,407,332

Up $83,411 (+6.3%) from 2023

Net Income

Up

-$80,016

Up $56,881 (+42%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $89,488Liabilities 2010: $8,479Net Assets 2010: $81,0092010Assets 2011: $101,474Liabilities 2011: $19,074Net Assets 2011: $82,4002011Assets 2012: $478,059Liabilities 2012: $122,376Net Assets 2012: $355,6832012Assets 2013: $579,452Liabilities 2013: $0Net Assets 2013: $579,4522013Assets 2014: $737,785Liabilities 2014: $184,051Net Assets 2014: $553,7342014Assets 2015: $819,210Liabilities 2015: $175,675Net Assets 2015: $643,5352015Assets 2016: $931,287Liabilities 2016: $199,696Net Assets 2016: $731,5912016Assets 2017: $973,419Liabilities 2017: $229,350Net Assets 2017: $744,0692017Assets 2018: $1,008,872Liabilities 2018: $232,159Net Assets 2018: $776,7132018Assets 2019: $1,073,044Liabilities 2019: $270,509Net Assets 2019: $802,5352019Assets 2020: $1,108,533Liabilities 2020: $276,530Net Assets 2020: $832,0032020Assets 2021: $1,209,250Liabilities 2021: $345,778Net Assets 2021: $863,4722021Assets 2022: $7,220,819Liabilities 2022: $6,565,765Net Assets 2022: $655,0542022Assets 2023: $6,921,906Liabilities 2023: $6,403,749Net Assets 2023: $518,1572023Assets 2024: $6,668,366Liabilities 2024: $6,230,225Net Assets 2024: $438,1412024

Highlighted filing

2024

Assets$6,668,366
Liabilities$6,230,225
Net Assets$438,141
Open 2024 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $427,7862010Expenses 2011: $457,8212011Expenses 2012: $460,2502012Revenue 2013: $737,329Expenses 2013: $513,560Net Income 2013: $223,7692013Revenue 2014: $926,810Expenses 2014: $792,242Net Income 2014: $134,5682014Revenue 2015: $983,087Expenses 2015: $892,652Net Income 2015: $90,4352015Revenue 2016: $1,007,857Expenses 2016: $922,300Net Income 2016: $85,5572016Revenue 2017: $1,032,466Expenses 2017: $1,030,071Net Income 2017: $2,3952017Revenue 2018: $1,060,580Expenses 2018: $1,018,123Net Income 2018: $42,4572018Revenue 2019: $1,065,914Expenses 2019: $1,059,023Net Income 2019: $6,8912019Revenue 2020: $914,636Expenses 2020: $902,202Net Income 2020: $12,4342020Revenue 2021: $1,209,489Expenses 2021: $1,139,517Net Income 2021: $69,9722021Revenue 2022: $1,129,241Expenses 2022: $1,242,687Net Income 2022: -$113,4462022Revenue 2023: $1,187,024Expenses 2023: $1,323,921Net Income 2023: -$136,8972023Revenue 2024: $1,327,316Expenses 2024: $1,407,332Net Income 2024: -$80,0162024

Highlighted filing

2024

Revenue$1,327,316
Expenses$1,407,332
Net Income-$80,016
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,668,366
Liabilities
$6,230,225
Net assets
$438,141
Revenue
$1,327,316
Expenses
$1,407,332
Net income
-$80,016
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.67$6.23$0.44$1.33$1.41$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.92$6.40$0.52$1.19$1.32$0.14
2022Detailed filing. Detailed filing data is available for this year.$7.22$6.57$0.66$1.13$1.24$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.35$0.86$1.21$1.14$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.28$0.83$0.91$0.90$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.27$0.80$1.07$1.06$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.23$0.78$1.06$1.02$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.23$0.74$1.03$1.03$0.00
2016Summary only. Only limited summary data is available for this year.$0.93$0.20$0.73$1.01$0.92$0.09
2015Summary only. Only limited summary data is available for this year.$0.82$0.18$0.64$0.98$0.89$0.09
2014Summary only. Only limited summary data is available for this year.$0.74$0.18$0.55$0.93$0.79$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.74$0.51$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.12$0.36$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.02$0.08$0.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.01$0.08$0.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,327,316
Mission and Program Overview

Mission

Aquajets swim team is organized exclusively for charitable and educational purposes in the promotion of national amateur sports, more specifically to provide a nationally-competitive, amateur youth swim team for the athletic advancement and enjoyment of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$670,640$664,826▼ $5,814
Cash and Non-Interest-Bearing Accounts$176,272$264,084▲ $87,812
Land, Buildings, and Equipment, Net$301,120$261,315▼ $39,805
Accounts Receivable$28,578$16,119▼ $12,459
Prepaid Expenses and Deferred Charges$5,150$4,512▼ $638
Total Assets$6,921,906$6,668,366▼ $253,540
Other Assets Total$5,740,146$5,457,510▼ $282,636
Liabilities
Other Liabilities$6,223,026$6,034,538▼ $188,488
Deferred Revenue$146,439$139,958▼ $6,481
Accounts Payable and Accrued Expenses$34,284$55,729▲ $21,445
Total Liabilities$6,403,749$6,230,225▼ $173,524
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$518,157$438,141▼ $80,016
Total Net Assets Fund Balance$518,157$438,141▼ $80,016
Total Liabilities and Net Assets / Fund Balance$6,921,906$6,668,366▼ $253,540

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$244,992$281,222$526,214
Equipment$16,323$76,911$93,234
Other Assets Org$5,457,510--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate LundstenExecutive Director/chairpeFT$121,375$28,075$149,450

Board Members and Trustees

NameTitle
Brian WimbergerCo-president
Megan CarrCo-president
John MarchDirector
Dan EgelandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,110
Program Service Revenue
$1,278,926
Investment Income
$42,280
Other Revenue
$0
All Other Contributions
$6,110
Change in Net Assets
$-80,016

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,327,316
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,327,316
Total Revenue per Form 990
$1,327,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$847,168
Salaries, Compensation, and Employee Benefits$560,164
Total Fundraising Expense$5,784
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$350,278$38,920-$389,198
Other Salaries and Wages$328,198$39,960$2,209$370,367
Current Officers, Directors, Trustees, and Key Employees$124,043$22,418$2,989$149,450
Depreciation Depletion$36,995$4,111-$41,106
Payroll Taxes$35,102$4,842$403$40,347
All Other Expenses$32,903$2,111-$35,014
Fees for Services Other$21,602$9,257-$30,859
Travel$19,935$2,215-$22,150
Insurance$19,797$2,200-$21,997
Other Expenses$19,212$1,011-$20,223
Fees for Services Accounting$6,824$2,925-$9,749
Office Expenses$4,574$4,392$183$9,149
Total Functional Expenses$1,265,524$136,024$5,784$1,407,332

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,407,332
Total Expenses per Audited Statements$1,407,332
Total Expenses per Form 990$1,407,332
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$5,799,791
Deferred Compensation$234,747
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The newjets, inc. Dba the aquajets swim team is comprised of approximately 280 voting members.”

Form 990, Part VI, Section A, Line 7A

“The members have the power to remove and elect the officers of the organization.”

Form 990, Part VI, Section A, Line 7B

“Major governing decisions would be presented to members for approval.”

Form 990, Part VI, Section B, Line 11B

“The 990 will be reviewed by the entire board before filing.”

Form 990, Part VI, Section B, Line 15A

“The board surveys the pay of other nearby clubs by reviewing the 990's of those clubs. The board also reviews the head coach on an annual basis by reviewing membership totals, financial performance, athlete performance and our usa swim rating.”

Form 990, Part VI, Section C, Line 19

“Available upon request as well as discussed during an annual parent meeting.”

Filing and Contact Details

Filer

Filer Name
Newjets Inc
EIN
20-5956938
Phone
9523519928
Address
6545 FLYING CLOUD DRIVE 202, EDEN PRAIRIE, MN 55345
Doing Business As
Aquajets Swim Team

Signing Officer

Name
Megan Carr
Title
Co-president
Phone
9523519928
Signed
2025-11-13

Organization Details

Principal Officer
Megan Carr
Formed
2006
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
39
Volunteers
100

Preparer

Firm
Smith Schafer & Associates Ltd
Address
7500 HIGHWAY 55 SUITE 350, MINNEAPOLIS, MN 55427
Preparer
Adam Kellerhals
Phone
9529201455
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. As a result, the organization does not pay federal income tax. Therefore no provision or liability for federal income taxes has been included in the financial statements. Management has determined that the organization does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. The organization's federal informational returns are subject to examination by the irs, generally for three years after they were filed.”

Raw XML AppendixShowing 400 of 448 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt034284
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt055729
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0AQUAJETS SWIM TEAM IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE PROMOTION OF NATIONAL AMATEUR SPORTS, MORE SPECIFICALLY TO PROVIDE A NATIONALLY-COMPETITIVE, AMATEUR YOUTH SWIM TEAM FOR THE ATHLETIC ADVANCEMENT AND ENJOYMENT OF ITS MEMBERS.
IRS990/AllOtherContributionsAmt06110
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IRS990/AllOtherExpensesGrp/TotalAmt035014
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IRS990/BooksInCareOfDetail/USAddress/CityNm0ZIMMERMAN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
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IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0124043
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0149450
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt06110
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt042280
IRS990/CYOtherExpensesAmt0847168
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01278926
IRS990/CYRevenuesLessExpensesAmt0-80016
IRS990/CYSalariesCompEmpBnftPaidAmt0560164
IRS990/CYTotalExpensesAmt01407332
IRS990/CYTotalFundraisingExpenseAmt05784
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IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0146439
IRS990/DeferredRevenueGrp/EOYAmt0139958
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt04111
IRS990/DepreciationDepletionGrp/ProgramServicesAmt036995
IRS990/DepreciationDepletionGrp/TotalAmt041106
IRS990/Desc0THE ORGANIZATION PROVIDES PROFESSIONAL COACHING TO COMPETITIVE YOUTH, AMATEUR SWIMMERS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
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IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt039
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0893828
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
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IRS990/FeesForServicesOtherGrp/TotalAmt030859
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt028075
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/PersonNm1BRIAN WIMBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm2MEGAN CARR
IRS990/Form990PartVIISectionAGrp/PersonNm3DAN EGELAND
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN MARCH
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR/CHAIRPE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2CO-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AQUAJETS SWIM TEAM IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE PROMOTION OF NATIONAL AMATEUR SPORTS, MORE SPECIFICALLY TO PROVIDE A NATIONALLY-COMPETITIVE, AMATEUR YOUTH SWIM TEAM FOR THE ATHLETIC ADVANCEMENT AND ENJOYMENT OF ITS MEMBERS.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0MEET FEES
IRS990/OtherExpensesGrp/Desc1HOSTED MEET EXPENSE
IRS990/OtherExpensesGrp/Desc2CREDIT CARD AND BANK FE
IRS990/OtherExpensesGrp/Desc3DEFERRED COMPENSATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01662
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11011
IRS990/OtherExpensesGrp/ProgramServicesAmt0123606
IRS990/OtherExpensesGrp/ProgramServicesAmt1110877
IRS990/OtherExpensesGrp/ProgramServicesAmt231578
IRS990/OtherExpensesGrp/ProgramServicesAmt319212
IRS990/OtherExpensesGrp/TotalAmt0123606
IRS990/OtherExpensesGrp/TotalAmt1110877
IRS990/OtherExpensesGrp/TotalAmt233240
IRS990/OtherExpensesGrp/TotalAmt320223
IRS990/OtherLiabilitiesGrp/BOYAmt06223026
IRS990/OtherLiabilitiesGrp/EOYAmt06034538
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02209
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039960
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0328198
IRS990/OtherSalariesAndWagesGrp/TotalAmt0370367
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0403
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04842
IRS990/PayrollTaxesGrp/ProgramServicesAmt035102
IRS990/PayrollTaxesGrp/TotalAmt040347
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05150
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04512
IRS990/PrincipalOfficerNm0MEGAN CARR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/BusinessCd4611600
IRS990/ProgramServiceRevenueGrp/Desc0SWIM TUITION
IRS990/ProgramServiceRevenueGrp/Desc1MEET FEES
IRS990/ProgramServiceRevenueGrp/Desc2HOSTING MEET REVENUES
IRS990/ProgramServiceRevenueGrp/Desc3FAIR SHARE PARTICIPATI
IRS990/ProgramServiceRevenueGrp/Desc4DRYLAND TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0692418
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1215855
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2189941
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt388034
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt467529
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0692418
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1215855
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2189941
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt388034
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt467529
IRS990/ProgSrvcAccomActy2Grp/Desc0THE TEAM HOSTS SWIM MEETS SANCTIONED BY MINNESOTA SWIMMING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0234483
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0405796
IRS990/ProgSrvcAccomActy3Grp/Desc0THE TEAM OFFERS DRYLAND TRAINING TO THE SWIMMERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0137213
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt067529
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt020944
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012620
IRS990/PYOtherExpensesAmt0795166
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01153460
IRS990/PYRevenuesLessExpensesAmt0-136897
IRS990/PYSalariesCompEmpBnftPaidAmt0528755
IRS990/PYTotalExpensesAmt01323921
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01187024
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-80016
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0805601
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0670640
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0664826
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt06110
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt020944
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt076224
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt084900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt092336
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0280514
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt042280
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012620
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01749
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07460
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt068163
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01278926
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01153460
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0986482
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01049265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0754942
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05223075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt042280
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012620
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01749
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07460
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt068163
IRS990ScheduleA/InvestmentIncomeCYPct00.01190
IRS990ScheduleA/InvestmentIncomePYPct00.00780
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt066768
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt06039
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt059898
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0132705
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96480
IRS990ScheduleA/PublicSupportPY509Pct00.96780
IRS990ScheduleA/PublicSupportTotal509Amt05503589
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01285036
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01174404
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01062706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01134165
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0847278
IRS990ScheduleA/Total509Grp/TotalAmt05503589
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01327316
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01187024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01131223
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01144258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0914636
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05704457
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt016323
IRS990ScheduleD/EquipmentGrp/DepreciationAmt076911
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt093234
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01407332
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0244992
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0281222
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0526214
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05457510
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING RIGHT OF USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0234747
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15799791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED COMPENSATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01327316
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, THE ORGANIZATION DOES NOT PAY FEDERAL INCOME TAX. THEREFORE NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE ORGANIZATION'S FEDERAL INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0261315
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05457510
IRS990ScheduleD/TotalExpensesPerForm990Amt01407332
IRS990ScheduleD/TotalLiabilityAmt06034538
IRS990ScheduleD/TotalRevenuePerForm990Amt01327316
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01327316
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01407332
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NEWJETS, INC. DBA THE AQUAJETS SWIM TEAM IS COMPRISED OF APPROXIMATELY 280 VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS HAVE THE POWER TO REMOVE AND ELECT THE OFFICERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MAJOR GOVERNING DECISIONS WOULD BE PRESENTED TO MEMBERS FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 WILL BE REVIEWED BY THE ENTIRE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD SURVEYS THE PAY OF OTHER NEARBY CLUBS BY REVIEWING THE 990'S OF THOSE CLUBS. THE BOARD ALSO REVIEWS THE HEAD COACH ON AN ANNUAL BASIS BY REVIEWING MEMBERSHIP TOTALS, FINANCIAL PERFORMANCE, ATHLETE PERFORMANCE AND OUR USA SWIM RATING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST AS WELL AS DISCUSSED DURING AN ANNUAL PARENT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06921906
IRS990/TotalAssetsEOYAmt06668366
IRS990/TotalAssetsGrp/BOYAmt06921906
IRS990/TotalAssetsGrp/EOYAmt06668366
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06110
IRS990/TotalEmployeeCnt039
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05784
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0136024
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01265524
IRS990/TotalFunctionalExpensesGrp/TotalAmt01407332
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06403749
IRS990/TotalLiabilitiesEOYAmt06230225
IRS990/TotalLiabilitiesGrp/BOYAmt06403749
IRS990/TotalLiabilitiesGrp/EOYAmt06230225
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0518157
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0438141
IRS990/TotalOtherCompensationAmt028075
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt025149
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt025149
IRS990/TotalProgramServiceExpensesAmt01265524
IRS990/TotalProgramServiceRevenueAmt01278926
IRS990/TotalReportableCompFromOrgAmt0121375
IRS990/TotalRevenueGrp/ExclusionAmt042280
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01278926
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01327316

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