Civic Intelligence

Stew Leonard III Children'S Charities

EIN 22-3264276 • 501(c)3 • Norwalk, CT

Profile

Promote safe and responsible growth and development in kids through nutritional awareness and water safety training & education.

100 Westport AvenueNorwalk, CT 06851

www.stewietheduck.com

Siviq Scores

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

Liabilities / Assets

68th percentile

0.30x

Higher debt load relative to assets than 68% of similar nonprofits.

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

Liabilities / Revenue

80th percentile

0.72x

Higher debt load relative to revenue than 80% of similar nonprofits.

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

Net Margin

41st percentile

1.1%

Higher net margin than 41% of similar nonprofits.

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

Top Officer Pay

32nd percentile

$83,077

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

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

Asset Growth

43rd percentile

2.0%

Faster asset growth than 43% of similar nonprofits.

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

Revenue Growth

56th percentile

10%

Faster revenue growth than 56% of similar nonprofits.

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

Assets

Up

$5,400,955

Up $103,741 (+2.0%) from 2023

Liabilities

Down

$1,640,510

Down $29,630 (-1.8%) from 2023

Net Assets

Up

$3,760,445

Up $133,371 (+3.7%) from 2023

Revenue

Up

$2,275,737

Up $212,119 (+10%) from 2023

Expenses

Up

$2,250,150

Up $567,029 (+34%) from 2023

Net Income

Down

$25,587

Down $354,910 (-93%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,160,433Liabilities 2010: $25,970Net Assets 2010: $1,134,4632010Assets 2011: $1,205,806Liabilities 2011: $3,974Net Assets 2011: $1,201,8322011Assets 2012: $1,308,540Liabilities 2012: $0Net Assets 2012: $1,308,5402012Assets 2013: $1,537,979Liabilities 2013: $0Net Assets 2013: $1,537,9792013Assets 2014: $1,731,733Liabilities 2014: $0Net Assets 2014: $1,731,7332014Assets 2015: $1,610,764Liabilities 2015: $0Net Assets 2015: $1,610,7642015Assets 2016: $1,794,164Liabilities 2016: $0Net Assets 2016: $1,794,1642016Assets 2017: $2,193,056Liabilities 2017: $0Net Assets 2017: $2,193,0562017Assets 2018: $2,132,026Liabilities 2018: $2,760Net Assets 2018: $2,129,2662018Assets 2019: $2,612,913Liabilities 2019: $2,664Net Assets 2019: $2,610,2492019Assets 2020: $3,023,540Liabilities 2020: $0Net Assets 2020: $3,023,5402020Assets 2021: $3,599,060Liabilities 2021: $0Net Assets 2021: $3,599,0602021Assets 2022: $3,010,591Liabilities 2022: $0Net Assets 2022: $3,010,5912022Assets 2023: $5,297,214Liabilities 2023: $1,670,140Net Assets 2023: $3,627,0742023Assets 2024: $5,400,955Liabilities 2024: $1,640,510Net Assets 2024: $3,760,4452024

Highlighted filing

2024

Assets$5,400,955
Liabilities$1,640,510
Net Assets$3,760,445

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $244,9712010Revenue 2011: $268,737Expenses 2011: $225,616Net Income 2011: $43,1212011Expenses 2012: $252,6982012Revenue 2013: $403,414Expenses 2013: $203,694Net Income 2013: $199,7202013Revenue 2014: $400,674Expenses 2014: $241,070Net Income 2014: $159,6042014Revenue 2015: $410,609Expenses 2015: $314,000Net Income 2015: $96,6092015Revenue 2016: $325,904Expenses 2016: $214,795Net Income 2016: $111,1092016Revenue 2017: $663,301Expenses 2017: $263,412Net Income 2017: $399,8892017Revenue 2018: $154,694Expenses 2018: $218,484Net Income 2018: -$63,7902018Revenue 2019: $698,016Expenses 2019: $217,033Net Income 2019: $480,9832019Revenue 2020: $179,261Expenses 2020: $71,970Net Income 2020: $107,2912020Revenue 2021: $391,031Expenses 2021: $248,255Net Income 2021: $142,7762021Revenue 2022: $398,315Expenses 2022: $323,012Net Income 2022: $75,3032022Revenue 2023: $2,063,618Expenses 2023: $1,683,121Net Income 2023: $380,4972023Revenue 2024: $2,275,737Expenses 2024: $2,250,150Net Income 2024: $25,5872024

Highlighted filing

2024

Revenue$2,275,737
Expenses$2,250,150
Net Income$25,587

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.40$1.64$3.76$2.28$2.25$0.03
2023Detailed filing. Detailed filing data is available for this year.$5.30$1.67$3.63$2.06$1.68$0.38
2022Detailed filing. Detailed filing data is available for this year.$3.01$0.00$3.01$0.40$0.32$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.60$0.39$0.25$0.14
2020Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$0.18$0.07$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.61$0.00$2.61$0.70$0.22$0.48
2018Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.15$0.22$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$0.66$0.26$0.40
2016Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.33$0.21$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.41$0.31$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.40$0.24$0.16
2013Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.40$0.20$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.00$1.31$0.25
2011Summary only. Only limited summary data is available for this year.$1.21$0.00$1.20$0.27$0.23$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.03$1.13$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$4,200,941
Mission and Program Overview

Mission

Promote safe and responsible growth and development in kids through nutritional awareness and water safety training & education.

The foundation's mission is to save lives, one swim lesson at a time through water safety education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,242,087$2,243,113▲ $1,026
Investments in Publicly Traded Securities$797,794$1,022,320▲ $224,526
Cash and Non-Interest-Bearing Accounts$172,569$257,354▲ $84,785
Investments Other Securities$404,899$230,364▼ $174,535
Prepaid Expenses and Deferred Charges$51,498$76,947▲ $25,449
Total Assets$5,297,214$5,400,955▲ $103,741
Other Assets Total$1,628,367$1,570,857▼ $57,510
Liabilities
Other Liabilities$1,630,617$1,575,807▼ $54,810
Accounts Payable and Accrued Expenses$39,523$64,703▲ $25,180
Total Liabilities$1,670,140$1,640,510▼ $29,630
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,227,074$3,716,549▲ $489,475
Net Assets With Donor Restrictions$400,000$43,896▼ $356,104
Total Net Assets Fund Balance$3,627,074$3,760,445▲ $133,371
Total Liabilities and Net Assets / Fund Balance$5,297,214$5,400,955▲ $103,741

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,222,184$152,445$2,374,629
Equipment$20,929$8,536$29,465
Other Assets Org$1,570,857--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Ryann Leonard GrossbardDirectorPT$83,077$83,077

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$142,093
Program Service Revenue
$1,780,698
Investment Income
$64,883
Other Revenue
$288,063
All Other Contributions
$142,093
Change in Net Assets
$25,587

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,275,737
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$107,784
Total Revenue per Audited Statements
$2,383,521
Total Revenue per Form 990
$2,275,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,087,364
Salaries, Compensation, and Employee Benefits$760,165
Grants and Similar Amounts Paid$402,621
Total Fundraising Expense$209,901
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$638,820$15,230-$654,050
Grants to Domestic Orgs$402,621--$402,621
Fees for Services Management$31,021$137,295$209,241$377,557
Occupancy$133,544--$133,544
All Other Expenses$108,151$10,520-$118,671
Depreciation Depletion$101,718--$101,718
Payroll Taxes$63,165--$63,165
Other Expenses$54,959$986$660$54,959
Other Employee Benefits$42,950--$42,950
Fees for Service Investment Mgmnt Fees-$13,674-$13,674
Fees for Services Other-$9,450-$9,450
Office Expenses-$6,590-$6,590
Travel-$3,078-$3,078
Advertising$1,595--$1,595
Total Functional Expenses$1,826,325$213,924$209,901$2,250,150

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,250,150
Total Expenses per Audited Statements$2,250,150
Total Expenses per Form 990$2,250,150
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fairfield YmcaFairfield, CT501(c)(3)Swimming Program$24,000
Regional Ymca of Western ConnecticutBrookfield, CT501(c)(3)Swimming Program$16,000
Ymca of Long IslandGlen Cove, NY501(c)(3)Swimming Program$16,000
Trident Swim FoundationNew York, NY501 (c)(3)Swimming Program$15,000
Wyckoff Family YmcaWyckoff, NJ501(c)(3)Swimming Program$15,000
Rye YmcaRye, NY501(c)(3)Swimming Program$12,000
Bronxworks IncBronx, NY501 (c)(3)Swimming Program$10,000
Connecticut Institute for CommunitiesDanbury, CT501 (c)(3)Swimming Program$10,000
Norwalk Recreation and ParksNorwalk, CT501(c)(1)Swimming Program$10,000
Ridgewood YmcaRidgewood, NJ501(c)(3)Swimming Program$10,000
Rising Tide EffectJersey City, NJ501 (c)(3)Swimming Program$10,000
Swim AngelfishStamford, CT501 (c)(3)Swimming Program$10,000
Ymca of BridgeportBridgeport, CT501 (c)(3)Swimming Program$10,000
Asphalt GreenNew York, NY501(c)(3)Swimming Program$8,000
Boys and Girls Club of CliftonClifton, NJ501(c)(3)Swimming Program & Event Sponsorship$8,000
Miss Yvonne Swim SchoolJersey City, NJ501 (c)(3)Swimming Program$8,000
Camp Courant IncFarmington, CT501 (c)(3)Swimming Program$7,500
St Benedict Prep SchoolNewark, NJ501 (c)(3)Swimming Program$7,500
Ymca of MontclairMontclair, NJ501(c)(3)Swimming Program$7,500
Horizons at Norwalk Community CollegeNorwalk, CT501(c)(3)Swimming Program$6,000
Town of VestalVestal, NY501(c)(1)Swimming Program$5,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$502,111
Fundraising Direct Expenses$214,048
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Charity Golf Tournament$502,111$502,111$214,048$288,063
Nyc Marathon----
Total Events$502,111$502,111$214,048$288,063
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-President of the OrganizationOrganization Leases Norwalk Swim School Facility From the CompanyNo$122,700
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$1,575,807
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Stewart j. Leonard, jr., kimberly kral leonard, robert kral, blake ann leonard, chase alexander leonard and ryann leonard grossbard have a family relationship.

Form 990, Part VI, Section A, Line 8B

The organization does not have committees with authority to act on behalf of the governing body.

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

The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. After the form 990 has been prepared and reviewed by the president, it is electronically filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

All individuals required to abide by the conflict of interest policy must sign a statement each year attesting that they have received a copy of the policy, they read and understand the policy, they agree to comply with the policy, and they understand the organization's maintenance of its charitable activities and federal tax exemption depends on its undertaking primarily of activities that support its charitable purpose.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on the foundation's website www.stewietheduck.org/foundation-financials, guidestar.org and other similar types of websites. In addition, the form 1023, articles of incorporation, and by-laws are also available upon written request.

FORM 990, PART VII, SECTION A:

Other than as disclosed, no compensation from related organizations is reported on form 990, part vii, section a, columns (e) and (f) since the volunteer exception is met and the related organization is a for-profit organization, which is not owned nor controlled, directly, or indirectly, by stew leonard iii water safety foundation inc.

Filing and Contact Details

Filer

Filer Name
Stew Leonard Iii Water Safety Fd Inc
EIN
22-3264276
Phone
2037506121
Address
100 WESTPORT AVENUE, NORWALK, CT 06851

Signing Officer

Name
Stewart Leonard Jr
Title
President
Phone
2037506121
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stewart Leonard Jr
Formed
1992
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
1
Employees
64
Volunteers
0

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
ONE CORPORATE DRIVE SUITE 725, SHELTON, CT 06484-6241
Preparer
Eric N Hendlin
Phone
2039293535
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the foundation had no uncertain tax positions that would require financial statement recognition or disclosure.

Raw XML AppendixShowing 400 of 749 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/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO SAVE LIVES, ONE SWIM LESSON AT A TIME AND THROUGH WATER SAFETY EDUCATION. THIS IS ACHIEVED BY FUNDING THOUSANDS OF SWIM LESSONS FOR CHILDREN IN NEED, PUBLIC AWARENESS CAMPAIGNS, AND PROVISION OF SWIM LESSONS AT STEWIE THE DUCK SWIM SCHOOL.
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IRS990/OtherExpensesGrp/Desc0INSURANCE
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IRS990/OtherExpensesGrp/ProgramServicesAmt255913
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CHARITY GOLF TOURNAMENT
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/CashGrantAmt2010000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)

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