Civic Intelligence

Parkland Aquatic Club Inc

990 • Fiscal year 2014 • EIN 23-2612389

Sep 01, 2013 to Aug 31, 2014 • Filed on Jul 02, 2015

1 Tek Park 9999 Hamilton Blvd No12018031

(484) 397-4092

Siviq Scores

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

Liabilities / Assets

96th percentile

1.62x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

0.10x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

6th percentile

-61%

Faster asset growth than 6% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

49th percentile

0.8%

Faster revenue growth than 49% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2014

Assets

Down

$23,826

Down $37,774 (-61%) from 2013

Net Assets

Down

-$14,746

Down $49,822 (-142%) from 2013

Liabilities

Up

$38,572

Up $12,048 (+45%) from 2013

Revenue

$367,968

No earlier filing loaded for comparison.

Expenses

Down

$417,790

Down $56,505 (-12%) from 2013

Net Income

-$49,822

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2011: $193,800Liabilities 2011: $4,913Net Assets 2011: $188,8872011Assets 2012: $130,941Liabilities 2012: $7,546Net Assets 2012: $123,3952012Assets 2013: $61,600Liabilities 2013: $26,524Net Assets 2013: $35,0762013Assets 2014: $23,826Liabilities 2014: $38,572Net Assets 2014: -$14,7462014Assets 2015: $39,117Liabilities 2015: $79,425Net Assets 2015: -$40,3082015Assets 2016: $152,309Liabilities 2016: $76,825Net Assets 2016: $75,4842016Assets 2017: $212,457Liabilities 2017: $112,870Net Assets 2017: $99,5872017Assets 2018: $188,673Liabilities 2018: $147,062Net Assets 2018: $41,6112018Assets 2019: $203,787Liabilities 2019: $213,176Net Assets 2019: -$9,3892019Assets 2020: $168,576Liabilities 2020: $245,382Net Assets 2020: -$76,8062020Assets 2021: $303,555Liabilities 2021: $314,758Net Assets 2021: -$11,2032021Assets 2022: $294,657Liabilities 2022: $312,395Net Assets 2022: -$17,7382022Assets 2023: $313,326Liabilities 2023: $338,198Net Assets 2023: -$24,8722023Assets 2024: $406,877Liabilities 2024: $343,089Net Assets 2024: $63,7882024

Highlighted filing

2014

Assets$23,826
Liabilities$38,572
Net Assets-$14,746

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $402,307Expenses 2011: $357,820Net Income 2011: $44,4872011Revenue 2012: $362,357Expenses 2012: $427,849Net Income 2012: -$65,4922012Expenses 2013: $474,2952013Revenue 2014: $367,968Expenses 2014: $417,790Net Income 2014: -$49,8222014Revenue 2015: $353,339Expenses 2015: $378,901Net Income 2015: -$25,5622015Revenue 2016: $469,874Expenses 2016: $354,082Net Income 2016: $115,7922016Revenue 2017: $426,496Expenses 2017: $402,393Net Income 2017: $24,1032017Revenue 2018: $326,448Expenses 2018: $384,424Net Income 2018: -$57,9762018Revenue 2019: $311,918Expenses 2019: $362,918Net Income 2019: -$51,0002019Revenue 2020: $186,587Expenses 2020: $254,004Net Income 2020: -$67,4172020Revenue 2021: $451,716Expenses 2021: $386,113Net Income 2021: $65,6032021Revenue 2022: $489,727Expenses 2022: $496,262Net Income 2022: -$6,5352022Revenue 2023: $503,700Expenses 2023: $510,834Net Income 2023: -$7,1342023Revenue 2024: $659,314Expenses 2024: $570,654Net Income 2024: $88,6602024

Highlighted filing

2014

Revenue$367,968
Expenses$417,790
Net Income-$49,822
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jul 2, 2015
Return Version
2013v4.0
Gross Receipts
$380,938
Mission and Program Overview

Mission

The aquatic club offers both competitive and learn to swim programs for all levels and provides training and conditioning to improve swimming proficiency.

Empowering young people to be champions in life through excellence in swimming and diving.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,194$10,138▲ $7,944
Savings and Temporary Cash Investments$53,342$7,968▼ $45,374
Cash and Non-Interest-Bearing Accounts$6,064$5,720▼ $344
Total Assets$61,600$23,826▼ $37,774
Liabilities
Accounts Payable and Accrued Expenses$8,943$21,102▲ $12,159
Unsecured Notes Loans Payable-$9,230-
Deferred Revenue$17,581$8,240▼ $9,341
Total Liabilities$26,524$38,572▲ $12,048
Net Assets / Fund Balance
Unrestricted Net Assets$35,076$-14,746▼ $49,822
Total Net Assets Fund Balance$35,076$-14,746▼ $49,822
Total Liabilities and Net Assets / Fund Balance$61,600$23,826▼ $37,774

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,138$9,849$19,987
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donna DadayPresident
Craig WallsVice President
Barry KushnerBoard Member
Clare Coup ScottBoard Member
Corey HolstromBoard Member
Darren TraubBoard Member
Joseph FahrneyBoard Member
Mayra AvilaBoard Member
Stephanie KobalSecretary
Herb ShackletonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,864
Program Service Revenue
$331,432
Investment Income
$24
Other Revenue
$17,648
All Other Contributions
$2,594
Change in Net Assets
$-49,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$211,008
Other Expenses$206,782
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$158,381$20,230-$178,611
Other Employee Benefits$14,786$2,209-$16,995
Payroll Taxes$13,854$1,548-$15,402
Office Expenses-$6,329-$6,329
Other Expenses$6,230--$6,230
Insurance$5,344--$5,344
Information Technology-$3,858-$3,858
Depreciation Depletion$2,071--$2,071
Travel$1,745--$1,745
Fees for Services Other-$1,717-$1,717
All Other Expenses$1,320--$1,320
Fees for Services Accounting-$1,100-$1,100
Advertising$604--$604
Interest-$527-$527
Total Functional Expenses$380,272$37,518$0$417,790
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$667
Fundraising Gross Income$667
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$890---
Event 1$14,705$667$667$0
Total Events$15,595$667$667$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the board before it is filed.

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

A review and approval process for salary determination was adopted using data comparisons of salary surveys.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available upon request

Filing and Contact Details

Filer

EIN
23-2612389
Phone
4843974092

Signing Officer

Name
Donna Daday
Title
President
Phone
4843974092
Signed
2015-07-02

Organization Details

Principal Officer
Donna Daday
Formed
1990
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Preparer
James S Anderson CPA
Phone
6104357489
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IRS990/Desc0PARKLAND AQUATIC CLUB (PAAC) BEGAN IN 1990 WITH THE PURPOSE OF PROMOTING SWIMMING AND OTHER AQUATIC SPORTS ACTIVITIES, TO PROVIDE EDUCATIONAL AND INSTRUCTIONAL OPPORTUNITIES RELATED TO AQUATICS, TO FOSTER LOCAL COMPETITION AND TO PROVIDE RELATED SOCIAL ACTIVITITES FOR THE BENEFIT OF THE SURROUNDING COMMUNITY.THE CLUB PROVIDES AN ENVIRONMENT THAT PROMOTES WELLNESS AND PHYSICAL FITNESS. PAAC SERVES APPROXIMATESLY 150 FAMILIES ANNUALLY. IT OPERATES FULL YEAR, PROVIDING AQUATIC PROGRAMMING FOR APPROXIMATELY 200 YOUTH OF VARIOUS AGE LEVELS. PAAC HOSTS SEVERAL MEETS FOR THE COMMUNITY EACH SEASON IN ADDITON TO ITS COMPETITIVE AND INSTRUCTIONAL TRAINING.
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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-49822
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt053342
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07968
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt04826
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt04779
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03846
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02329
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0899
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt016679
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt024
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0310
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0306
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0412
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01071
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0331432
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0394457
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0358201
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0361203
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0247592
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01692885
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0310
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0306
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0412
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01071
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99900
IRS990ScheduleA/PublicSupportTotal509Amt01709564
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0336258
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0399236
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0362047
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0363532
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0248491
IRS990ScheduleA/Total509Grp/TotalAmt01709564
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0336282
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0399255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0362357
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0363838
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0248903
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01710635
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt010138
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09849
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019987
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010138
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt014928
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt014038
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0890
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0667
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt014705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0890
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015595
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0667
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0667
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0SWIM-A-THON
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0MISCELLANEOUS
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0667
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0667
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A REVIEW AND APPROVAL PROCESS FOR SALARY DETERMINATION WAS ADOPTED USING DATA COMPARISONS OF SALARY SURVEYS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt061600
IRS990/TotalAssetsEOYAmt023826
IRS990/TotalAssetsGrp/BOYAmt061600
IRS990/TotalAssetsGrp/EOYAmt023826
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt018864
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037518
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0380272
IRS990/TotalFunctionalExpensesGrp/TotalAmt0417790
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026524
IRS990/TotalLiabilitiesEOYAmt038572
IRS990/TotalLiabilitiesGrp/BOYAmt026524
IRS990/TotalLiabilitiesGrp/EOYAmt038572
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt035076
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-14746
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0380272
IRS990/TotalProgramServiceRevenueAmt0331432
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0349104
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0367968
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt061600
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023826
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01745
IRS990/TravelGrp/TotalAmt01745
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.07$3.43$0.64$6.59$5.71$0.89
2023Detailed filing. Detailed filing data is available for this year.$3.13$3.38$0.25$5.04$5.11$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.95$3.12$0.18$4.90$4.96$0.07
2021Detailed filing. Detailed filing data is available for this year.$3.04$3.15$0.11$4.52$3.86$0.66
2020Detailed filing. Detailed filing data is available for this year.$1.69$2.45$0.77$1.87$2.54$0.67
2019Detailed filing. Detailed filing data is available for this year.$2.04$2.13$0.09$3.12$3.63$0.51
2018Detailed filing. Detailed filing data is available for this year.$1.89$1.47$0.42$3.26$3.84$0.58
2017Detailed filing. Detailed filing data is available for this year.$2.12$1.13$1.00$4.26$4.02$0.24
2016Detailed filing. Detailed filing data is available for this year.$1.52$0.77$0.75$4.70$3.54$1.16
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.79$0.40$3.53$3.79$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.39$0.15$3.68$4.18$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.27$0.35$4.74
2012Summary only. Only limited summary data is available for this year.$1.31$0.08$1.23$3.62$4.28$0.65
2011Summary only. Only limited summary data is available for this year.$1.94$0.05$1.89$4.02$3.58$0.44
Peer Organizations

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