Civic Intelligence

Long Beach Shore Aquatics Inc.

990 • Fiscal year 2015 • EIN 27-2608411

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 06, 2016

1115 Catalina AveSeal Beach, CA 90740

(562) 597-1382

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

Higher debt load relative to revenue than 55% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

38th percentile

-1.0%

Higher net margin than 38% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

87th percentile

$33,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

16th percentile

-27%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

75th percentile

23%

Faster revenue growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$34,316

Down $12,693 (-27%) from 2014

Net Assets

Down

$34,315

Down $4,929 (-13%) from 2014

Liabilities

Down

$1

Down $7,764 (-100%) from 2014

Revenue

Up

$478,006

Up $90,675 (+23%) from 2014

Expenses

Up

$482,935

Up $33,378 (+7.4%) from 2014

Net Income

Up

-$4,929

Up $57,297 (+92%) from 2014

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2012: $71,120Liabilities 2012: $0Net Assets 2012: $71,1202012Assets 2013: $101,470Liabilities 2013: $0Net Assets 2013: $101,4702013Assets 2014: $47,009Liabilities 2014: $7,765Net Assets 2014: $39,2442014Assets 2015: $34,316Liabilities 2015: $1Net Assets 2015: $34,3152015Assets 2016: $46,014Liabilities 2016: $0Net Assets 2016: $46,0142016Assets 2017: $7,991Liabilities 2017: $0Net Assets 2017: $7,9912017Assets 2018: $47,989Liabilities 2018: $257Net Assets 2018: $47,7322018Assets 2019: $27,846Liabilities 2019: $1,692Net Assets 2019: $26,1542019Assets 2020: $17,124Liabilities 2020: $9,834Net Assets 2020: $7,2902020Assets 2021: $75,390Liabilities 2021: $10,600Net Assets 2021: $64,7902021Assets 2022: $32,184Liabilities 2022: $15,387Net Assets 2022: $16,7972022Assets 2023: $39,054Liabilities 2023: $22,404Net Assets 2023: $16,6502023Assets 2024: $16,427Liabilities 2024: $21,428Net Assets 2024: -$5,0012024

Highlighted filing

2015

Assets$34,316
Liabilities$1
Net Assets$34,315

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $327,5232012Revenue 2013: $325,374Expenses 2013: $295,024Net Income 2013: $30,3502013Revenue 2014: $387,331Expenses 2014: $449,557Net Income 2014: -$62,2262014Revenue 2015: $478,006Expenses 2015: $482,935Net Income 2015: -$4,9292015Revenue 2016: $539,517Expenses 2016: $527,818Net Income 2016: $11,6992016Revenue 2017: $472,876Expenses 2017: $510,899Net Income 2017: -$38,0232017Revenue 2018: $375,577Expenses 2018: $335,836Net Income 2018: $39,7412018Revenue 2019: $355,024Expenses 2019: $376,602Net Income 2019: -$21,5782019Revenue 2020: $117,399Expenses 2020: $136,263Net Income 2020: -$18,8642020Revenue 2021: $332,071Expenses 2021: $285,017Net Income 2021: $47,0542021Revenue 2022: $367,873Expenses 2022: $399,357Net Income 2022: -$31,4842022Revenue 2023: $328,715Expenses 2023: $328,862Net Income 2023: -$1472023Revenue 2024: $385,894Expenses 2024: $405,545Net Income 2024: -$19,6512024

Highlighted filing

2015

Revenue$478,006
Expenses$482,935
Net Income-$4,929
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 6, 2016
Return Version
2015v2.0
Gross Receipts
$478,006
Mission and Program Overview

Mission

"SHORE Aquatics seeks to instill, promote and maintain the great tradition of excellent aquatics in Long Beach by enhancing the lives of young athletes in spirit, body, and mind. The philosophy of SHORE Aquatics is built upon a foundation of personal responsibility, determination and discipline. All of our athletes are encouraged to respect and appreciate their teammates, coaches, families and competitors and to discover their personal best as a representative of Long Beach, both in and out of the water."

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$41,438$27,605▼ $13,833
Cash and Non-Interest-Bearing Accounts$5,569$6,711▲ $1,142
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$47,009$34,316▼ $12,693
Other Assets Total$2$0▼ $2
Liabilities
Other Liabilities$7,765$1▼ $7,764
Total Liabilities$7,765$1▼ $7,764
Net Assets / Fund Balance
Unrestricted Net Assets$39,244$34,315▼ $4,929
Total Net Assets Fund Balance$39,244$34,315▼ $4,929
Total Liabilities and Net Assets / Fund Balance$47,009$34,316▼ $12,693

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,911$93,462$120,373
Other Land Buildings$694$1,160$1,854
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristin KredellTreasurerFT$33,000$33,000
Craig KredellPresidentPT$26,400$26,400
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$477,914
Investment Income
$92
Other Revenue
$0
Change in Net Assets
$-4,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$418,124
Salaries, Compensation, and Employee Benefits$64,811
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$123,117$16,359-$139,476
Occupancy$61,381--$61,381
Current Officers, Directors, Trustees, and Key Employees$59,400--$59,400
All Other Expenses$10,801$14,463-$25,264
Depreciation Depletion-$20,811-$20,811
Other Expenses$22,298$9,319-$9,319
Payroll Taxes$5,411--$5,411
Travel$4,287--$4,287
Fees for Services Accounting-$2,705-$2,705
Insurance-$1,187-$1,187
Total Functional Expenses$402,171$80,764$0$482,935
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
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, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Long Beach Shore Aquatics Inc
EIN
27-2608411
Phone
5625971382
Address
1115 CATALINA AVE, SEAL BEACH, CA 90740

Signing Officer

Name
Craig Kredell
Title
President
Signed
2016-04-06
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Robert a Huff CPA
Address
5199 E Pacific Coast Hwy STE 205, Long Beach, CA 90804-3302
Preparer
Robert A Huff CPA
Phone
5624981500
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080764
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0402171
IRS990/TotalFunctionalExpensesGrp/TotalAmt0482935
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07765
IRS990/TotalLiabilitiesEOYAmt01
IRS990/TotalLiabilitiesGrp/BOYAmt07765
IRS990/TotalLiabilitiesGrp/EOYAmt01
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt039244
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt034315
IRS990/TotalProgramServiceExpensesAmt0402171
IRS990/TotalProgramServiceRevenueAmt0477914
IRS990/TotalReportableCompFromOrgAmt059400
IRS990/TotalRevenueGrp/ExclusionAmt0477914
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt092
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0478006
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt047009
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt034316
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt04287
IRS990/TravelGrp/TotalAmt04287
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt039244
IRS990/UnrestrictedNetAssetsGrp/EOYAmt034315
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CRAIG KREDELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LONG BEACH SHORE AQUATICS INC
ReturnHeader/Filer/BusinessNameControlTxt0LONG
ReturnHeader/Filer/EIN0272608411
ReturnHeader/Filer/PhoneNum05625971382
ReturnHeader/Filer/USAddress/AddressLine1Txt01115 CATALINA AVE
ReturnHeader/Filer/USAddress/CityNm0SEAL BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090740
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERT A HUFF CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05199 E Pacific Coast Hwy STE 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Long Beach
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0908043302
ReturnHeader/PreparerPersonGrp/PhoneNum05624981500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert A Huff CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-04-06T09:21:54-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.21$0.05$3.86$4.06$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.22$0.17$3.29$3.29$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.15$0.17$3.68$3.99$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.11$0.65$3.32$2.85$0.47
2020Detailed filing. Detailed filing data is available for this year.$0.17$0.10$0.07$1.17$1.36$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.02$0.26$3.55$3.77$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.00$0.48$3.76$3.36$0.40
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.00$0.08$4.73$5.11$0.38
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.00$0.46$5.40$5.28$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$4.78$4.83$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.47$0.08$0.39$3.87$4.50$0.62
2013Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$3.25$2.95$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.00$0.71$3.28