Civic Intelligence

Newjets Inc.

990 • Fiscal year 2023 • EIN 20-5956938

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

Organization ProfileWWW.AQUAJETS.COM
6545 Flying Cloud Drive 202Eden Prairie, MN 55345

(952) 351-9928

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.93x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

5.39x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$145,022

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

18th percentile

-4.1%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

5.1%

Faster revenue growth than 48% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$6,921,906

Down $298,913 (-4.1%) from 2022

Net Assets

Down

$518,157

Down $136,897 (-21%) from 2022

Liabilities

Down

$6,403,749

Down $162,016 (-2.5%) from 2022

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin20th percentile

Revenue

Up

$1,187,024

Up $57,783 (+5.1%) from 2022

Expenses

Up

$1,323,921

Up $81,234 (+6.5%) from 2022

Net Income

Down

-$136,897

Down $23,451 (-21%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2023

Assets$6,921,906
Liabilities$6,403,749
Net Assets$518,157
Open 2023 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$1,187,024
Expenses$1,323,921
Net Income-$136,897
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$1,187,024
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$201,400$670,640▲ $469,240
Land, Buildings, and Equipment, Net$279,876$301,120▲ $21,244
Cash and Non-Interest-Bearing Accounts$691,783$176,272▼ $515,511
Accounts Receivable$24,008$28,578▲ $4,570
Prepaid Expenses and Deferred Charges$3,957$5,150▲ $1,193
Total Assets$7,220,819$6,921,906▼ $298,913
Other Assets Total$6,019,795$5,740,146▼ $279,649
Liabilities
Other Liabilities$6,407,035$6,223,026▼ $184,009
Deferred Revenue$132,627$146,439▲ $13,812
Accounts Payable and Accrued Expenses$26,103$34,284▲ $8,181
Total Liabilities$6,565,765$6,403,749▼ $162,016
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$655,054$518,157▼ $136,897
Total Net Assets Fund Balance$655,054$518,157▼ $136,897
Total Liabilities and Net Assets / Fund Balance$7,220,819$6,921,906▼ $298,913

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$275,756$250,458$526,214
Equipment$25,364$66,569$91,933
Other Assets Org$5,740,146--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate LundstenExecutive Director/chairpeFT$117,516$27,506$145,022

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$20,944
Program Service Revenue
$1,153,460
Investment Income
$12,620
Other Revenue
$0
All Other Contributions
$20,944
Change in Net Assets
$-136,897

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,187,024
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,187,024
Total Revenue per Form 990
$1,187,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$795,166
Salaries, Compensation, and Employee Benefits$528,755
Total Fundraising Expense$5,497
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$345,902$38,434-$384,336
Other Salaries and Wages$306,681$37,150$2,009$345,840
Current Officers, Directors, Trustees, and Key Employees$120,368$21,753$2,900$145,021
Payroll Taxes$32,968$4,547$379$37,894
Depreciation Depletion$32,731$3,637-$36,368
Travel$25,335$2,815-$28,150
All Other Expenses$25,246$1,995-$27,241
Insurance$19,772$2,197-$21,969
Fees for Services Other$11,854$5,080-$16,934
Other Expenses$14,436$1,524-$14,436
Office Expenses$5,220$5,019$209$10,448
Fees for Services Accounting$5,583$2,393-$7,976
Fees for Services Legal$186$80-$266
Total Functional Expenses$1,191,800$126,624$5,497$1,323,921

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,323,921
Total Expenses per Audited Statements$1,323,921
Total Expenses per Form 990$1,323,921
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$6,008,502
Deferred Compensation$214,524
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
2024-11-12

Organization Details

Principal Officer
Megan Carr
Formed
2006
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
43
Volunteers
150

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:

“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.”

Raw XML AppendixShowing 400 of 462 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.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0630135
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1228141
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2135083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt383089
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt458466
IRS990/ProgSrvcAccomActy2Grp/Desc0THE TEAM HOSTS SWIM MEETS SANCTIONED BY MINNESOTA SWIMMING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0216568
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0363224
IRS990/ProgSrvcAccomActy3Grp/Desc0THE TEAM OFFERS DRYLAND TRAINING TO THE SWIMMERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02335
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt058466
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0121779
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01438
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt076224
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-233
IRS990/PYOtherExpensesAmt0735622
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01053250
IRS990/PYRevenuesLessExpensesAmt0-113446
IRS990/PYSalariesCompEmpBnftPaidAmt0507065
IRS990/PYTotalExpensesAmt01242687
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01129241
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-136897
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0730332
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt038434
IRS990/RoyaltiesGrp/ProgramServicesAmt0345902
IRS990/RoyaltiesGrp/TotalAmt0384336
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0201400
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0670640
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt020944
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt076224
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt084900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt092336
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt010072
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0284476
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012620
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01749
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07460
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt016539
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt042422
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01153460
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0986482
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01049265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0754942
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01039303
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04983452
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012620
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01749
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07460
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt016539
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt042422
IRS990ScheduleA/InvestmentIncomeCYPct00.00780
IRS990ScheduleA/InvestmentIncomePYPct00.00850
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt066768
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt06039
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt059898
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0132705
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96780
IRS990ScheduleA/PublicSupportPY509Pct00.96660
IRS990ScheduleA/PublicSupportTotal509Amt05267928
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01174404
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01062706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01134165
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0847278
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01049375
IRS990ScheduleA/Total509Grp/TotalAmt05267928
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01187024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01131223
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01144258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0914636
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01065914
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05443055
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt025364
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066569
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091933
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01323921
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0275756
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0250458
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0526214
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05740146
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING RIGHT OF USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0214524
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16008502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED COMPENSATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01187024
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0301120
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05740146
IRS990ScheduleD/TotalExpensesPerForm990Amt01323921
IRS990ScheduleD/TotalLiabilityAmt06223026
IRS990ScheduleD/TotalRevenuePerForm990Amt01187024
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01187024
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01323921
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/TotalAssetsBOYAmt07220819
IRS990/TotalAssetsEOYAmt06921906
IRS990/TotalAssetsGrp/BOYAmt07220819
IRS990/TotalAssetsGrp/EOYAmt06921906
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt020944
IRS990/TotalEmployeeCnt043
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05497
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0126624
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01191800
IRS990/TotalFunctionalExpensesGrp/TotalAmt01323921
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06565765
IRS990/TotalLiabilitiesEOYAmt06403749
IRS990/TotalLiabilitiesGrp/BOYAmt06565765

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,921,906
Liabilities
$6,403,749
Net assets
$518,157
Revenue
$1,187,024
Expenses
$1,323,921
Net income
-$136,897
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
2023Detailed filing. Detailed filing data is available for this year.$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