Civic Intelligence

Race Swami

990 • Fiscal year 2019 • EIN 27-4648408

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

2751 S 2700 ESalt Lake City, UT 84109-2013

(801) 205-4881

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

46th percentile

1.8%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$67,990

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 27.3% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$84,894

Down $12,924 (-13%) from 2018

Net Assets

Up

$83,195

Up $4,388 (+5.6%) from 2018

Liabilities

Down

$1,699

Down $17,312 (-91%) from 2018

Revenue

Up

$249,338

Up $33,165 (+15%) from 2018

Expenses

Up

$244,950

Up $8,416 (+3.6%) from 2018

Net Income

Up

$4,388

Up $24,749 (+122%) from 2018

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2014: $63,469Liabilities 2014: $3,827Net Assets 2014: $59,6422014Assets 2015: $75,367Liabilities 2015: $2,858Net Assets 2015: $72,5092015Assets 2016: $91,399Liabilities 2016: $3,783Net Assets 2016: $87,6162016Assets 2018: $97,818Liabilities 2018: $19,011Net Assets 2018: $78,8072018Assets 2019: $84,894Liabilities 2019: $1,699Net Assets 2019: $83,1952019Assets 2020: $123,937Liabilities 2020: $21,221Net Assets 2020: $102,7162020Assets 2021: $87,503Liabilities 2021: $9,247Net Assets 2021: $78,2562021Assets 2022: $49,037Liabilities 2022: $8,129Net Assets 2022: $40,9082022Assets 2024: $114,357Liabilities 2024: $4,761Net Assets 2024: $109,5962024

Highlighted filing

2019

Assets$84,894
Liabilities$1,699
Net Assets$83,195

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $165,378Expenses 2014: $133,616Net Income 2014: $31,7622014Revenue 2015: $154,265Expenses 2015: $141,398Net Income 2015: $12,8672015Revenue 2016: $203,837Expenses 2016: $188,730Net Income 2016: $15,1072016Revenue 2018: $216,173Expenses 2018: $236,534Net Income 2018: -$20,3612018Revenue 2019: $249,338Expenses 2019: $244,950Net Income 2019: $4,3882019Revenue 2020: $215,800Expenses 2020: $196,279Net Income 2020: $19,5212020Revenue 2021: $203,698Expenses 2021: $223,467Net Income 2021: -$19,7692021Revenue 2022: $185,377Expenses 2022: $222,725Net Income 2022: -$37,3482022Revenue 2024: $254,466Expenses 2024: $176,578Net Income 2024: $77,8882024

Highlighted filing

2019

Revenue$249,338
Expenses$244,950
Net Income$4,388
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$249,338
Mission and Program Overview

Mission

Race swami exists to empower youth to be champions in and out of the water for a lifetime. We provide opportunities in swimming for underserved youth from the west side of salt lake city. Out goal is to develop our participants physical and mental health in a fun and unique environment, deeply rooted in seflt-discipline, teamwork, and whole-body awaremenss. At the same, we value and welcome the rich cultural knowledge and experiences of the youth and communities we serve. Race swami is a 501 (c) (3) non profit club service the rose park, glendale and neighboring communities of salt lake city's west side.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$95,607$84,894▼ $10,713
Accounts Receivable$2,125--
Land, Buildings, and Equipment, Net$86--
Total Assets$97,818$84,894▼ $12,924
Liabilities
Deferred Revenue$15,344--
Accounts Payable and Accrued Expenses$3,667$1,699▼ $1,968
Total Liabilities$19,011$1,699▼ $17,312
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$45,807$83,195▲ $37,388
Net Assets With Donor Restrictions$33,000--
Total Net Assets Fund Balance$78,807$83,195▲ $4,388
Total Liabilities and Net Assets / Fund Balance$97,818$84,894▼ $12,924

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$4,244$4,244
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matt FinniganExecutive DiFT$67,990$67,990

Board Members and Trustees

NameTitle
Angie Harris RobertsBoard Presid
Jorge FierroDirector
Nick MechamDirector
Nona RichardsonDirector
Pam ChamberlainDirector
Sheila DixonDirector
Grady JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$164,141
Program Service Revenue
$85,156
Investment Income
$41
Other Revenue
$0
All Other Contributions
$164,141
Change in Net Assets
$4,388

Audited Revenue Reconciliation

Revenue per Audited Statements
$249,338
Total Revenue per Audited Statements
$249,338
Total Revenue per Form 990
$249,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,775
Salaries, Compensation, and Employee Benefits$104,987
Total Fundraising Expense$31,816
Grants and Similar Amounts Paid$21,188
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$33,999$6,459$27,532$67,990
Occupancy$62,414--$62,414
Other Salaries and Wages$27,662$1,635-$29,297
Grants to Domestic Individuals$21,188--$21,188
Fees for Services Accounting-$12,748-$12,748
Payroll Taxes$4,880$641$2,179$7,700
Fees for Services Other$3,242--$3,242
Information Technology$2,432--$2,432
Other Expenses$3,281$994$2,105$994
All Other Expenses$718--$718
Insurance-$595-$595
Depreciation Depletion$86--$86
Total Functional Expenses$190,062$23,072$31,816$244,950

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$244,950
Total Expenses per Audited Statements$244,950
Total Expenses per Form 990$244,950
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Matt finnegan mary chris finnigan spouses

Form 990, Page 6, Part VI, Line 11B

A draft copy of the form 990 is provided to the board for their review prior to filing. Any comments or questions are incorporate and resolved before the form 990 is filed.

Form 990, Page 6, Part VI, Line 15A

The board of directors meets to discuss the executive director's salary and uses comparable organzations when determining the salary.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available at the organization's office upon request.

Filing and Contact Details

Filer

Filer Name
Race Swami
EIN
27-4648408
Phone
8012054881
Address
2751 S 2700 E, SALT LAKE CITY, UT 84109-2013

Signing Officer

Name
Matt Finnigan
Title
Executive Director
Phone
8012054881
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angie Harris Roberts
Formed
2011
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
70

Preparer

Firm
Bountiful Peak Advisors
Address
1564 SOUTH 500 WEST SUITE 201, BOUNTIFUL, UT 84010-7400
Preparer
Justin R Shaw CPA Cfe Cgma
Phone
8012943155
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Race swami exists to empower youth to be champions in and out of the water for a lifetime. We provide opportunities in swimming for underserved youth from the west side of salt lake city. Out goal is to develop our participants physical and mental health in a fun and unique environment, deeply rooted in seflt-discipline, teamwork, and whole-body awaremenss. At the same, we value and welcome the rich cultural knowledge and experiences of the youth and communities we serve. Race swami is a 501 (c) (3) non profit club service the rose park, glendale and neighboring communities of salt lake city's west side.

Form 990, Page 2, Part III, Line 4A

January quac (queer utah aquatic club) held their third consecutive new year's day fundraiser on behalf of race swami, raising nearly 3,000. The proceeds went towards purchasing new training equipment for the swamis, including fins, snorkels, and training suits. Swami's 2018 annual appeal garnered nearly 18,000 for the program. The money was applied towards swimmer scholarships, pool rentals at three locations, and meet fees for the 2019 season. February swami's high school swimmers competed in their respective high school state championships with senior emily dixon (west high) headlining the crew. She finished 4th overall in the 100-yard fly as well as 9th in the 200 im. Emily helped her girls' team finish 4th overall in the 5a division. Emily's time in the 100 fly was good enough to qualify her for the speedo sectionals meet in phoenix, arizona, where she swam the 100 fly, 200 fly, and 200 im. March race swami's 14 & under athletes attended the utah age group state championships in bountiful, where they placed 10th overall. The top team scorers were caroline cooper, angela roberts, miguel fregoso, and madeleine stolz. April a record five swamis qualified for the prestigious far westerns championships, held annually in april in santa clara, ca. May coach matt finnigan was invited to speak at the usa swimming swim-biz conference in colorado springs. A crowd of 400 attendees listened to race swami's compelling journey in building a nationally renowned swimming and enrichment program serving underrepresented youth. June the swamis held their annual swim-a-thon to raise money for the program. This year's project directed proceeds to a summer team travel meet in fort collins, colorado. June & july the swamis headed to colorado for the first time for a team travel meet and competed in the annual fort collins bonanza, facing sixteen other programs from four states. The swamis finished 2nd place overall to serve more children in salt lake's west side communities, swami offered summer swimming lessons for all ages at the granger pool site, as well as a year-round "swami prep" group for kids not quite prepared for the competitive swimming environment. For the fifth consecutive year, swami partnered with the poplar grove-based neighborhood house to offer free swimming lessons to more than 60 children. The program was an 8-week course in june and july. The program was made possible by the generous support from the mccarthey family foundation. August swamis closed out the summer long course season by setting more than 40 new team records and qualifying for more regional and national meets than ever before. The team celebrated their accomplishments by hosting a "week of swami" with a series of fun daily activities and an awards night to honor the swamis. September usa swimming named race swami one of the top 20 outreach programs in the nation with less than 100 programs nationally that focus on serving low income youth (35% or more of the roster), race swami was described as rare due to offering its members educational experiences outside of swimming october jeps foundation committed its support to race swami for the eighth consecutive year, while the community foundation of utah (another longtime supporter) produced a focus piece on race swami and the impact their contributions have made to the swimming and enrichment program. November east high vs west high girls- dual meet featured the most swamis competing in a high school meet to date. Swamis won 7 of 8 events.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income taxes under section 501(c) (3) of the internal revenue code and therefore has made no provision for federal income taxes in the accompanying financial statements. In addition, the organization has been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509 (a) of the internal revenue code. There was no unrelated business income for the year ended december 31, 2019. The organization's forms 990, return of organization exempt from income tax, for the years ending december 31, 2019, 2018, 2017, and 2016 are subject to examination by the irs, generally for three years after they were filed. Generally accepted accounting principles require tax effects from an uncertain tax position to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50% likely to be recognized upon ultimate settlement with the taxing authority is recorded. The organization's primary tax positions relate to its status as a not- for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in the organization's tax filings and does not believe that any material uncertain tax positions exist.

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IRS990/ActivityOrMissionDesc0RACE SWAMI EXISTS TO EMPOWER YOUTH TO BE CHAMPIONS IN AND OUT OF THE WATER FOR A LIFETIME. WE PROVIDE OPPORTUNITIES IN SWIMMING FOR UNDERSERVED YOUTH FROM THE WEST SIDE OF SALT LAKE CITY. OUT GOAL IS TO DEVELOP OUR PARTICIPANTS PHYSICAL AND MENTAL HEALTH IN A FUN AND UNIQUE ENVIRONMENT, DEEPLY ROOTED IN SEFLT-DISCIPLINE, TEAMWORK, AND WHOLE-BODY AWAREMENSS. AT THE SAME, WE VALUE AND WELCOME THE RICH CULTURAL KNOWLEDGE AND EXPERIENCES OF THE YOUTH AND COMMUNITIES WE SERVE. RACE SWAMI IS A 501 (C) (3) NON PROFIT CLUB SERVICE THE ROSE PARK, GLENDALE AND NEIGHBORING COMMUNITIES OF SALT LAKE CITY'S WEST SIDE.
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IRS990/Desc0JANUARY QUAC (QUEER UTAH AQUATIC CLUB) HELD THEIR THIRD CONSECUTIVE NEW YEAR'S DAY FUNDRAISER ON BEHALF OF RACE SWAMI, RAISING NEARLY 3,000. THE PROCEEDS WENT TOWARDS PURCHASING NEW TRAINING EQUIPMENT FOR THE SWAMIS, INCLUDING FINS, SNORKELS, AND TRAINING SUITS. SWAMI'S 2018 ANNUAL APPEAL GARNERED NEARLY 18,000 FOR THE PROGRAM. THE MONEY WAS APPLIED TOWARDS SWIMMER SCHOLARSHIPS, POOL RENTALS AT THREE LOCATIONS, AND MEET FEES FOR THE 2019 SEASON. FEBRUARY SWAMI'S HIGH SCHOOL SWIMMERS COMPETED IN THEIR RESPECTIVE HIGH SCHOOL STATE CHAMPIONSHIPS WITH SENIOR EMILY DIXON (WEST HIGH) HEADLINING THE CREW. SHE FINISHED 4TH OVERALL IN THE 100-YARD FLY AS WELL AS 9TH IN THE 200 IM. EMILY HELPED HER GIRLS' TEAM FINISH 4TH OVERALL IN THE 5A DIVISION. EMILY'S TIME IN THE 100 FLY WAS GOOD ENOUGH TO QUALIFY HER FOR THE SPEEDO SECTIONALS MEET IN PHOENIX, ARIZONA, WHERE SHE SWAM THE 100 FLY, 200 FLY, AND 200 IM. MARCH RACE SWAMI'S 14 & UNDER ATHLETES ATTENDED THE UTAH AGE GROUP STATE CHAMPIONSHIPS IN BOUNTIFUL, WHERE THEY PLACED 10TH OVERALL. THE TOP TEAM SCORERS WERE CAROLINE COOPER, ANGELA ROBERTS, MIGUEL FREGOSO, AND MADELEINE STOLZ. APRIL A RECORD FIVE SWAMIS QUALIFIED FOR THE PRESTIGIOUS FAR WESTERNS CHAMPIONSHIPS, HELD ANNUALLY IN APRIL IN SANTA CLARA, CA. MAY COACH MATT FINNIGAN WAS INVITED TO SPEAK AT THE USA SWIMMING SWIM-BIZ CONFERENCE IN COLORADO SPRINGS. A CROWD OF 400 ATTENDEES LISTENED TO RACE SWAMI'S COMPELLING JOURNEY IN BUILDING A NATIONALLY RENOWNED SWIMMING AND ENRICHMENT PROGRAM SERVING UNDERREPRESENTED YOUTH. JUNE THE SWAMIS HELD THEIR ANNUAL SWIM-A-THON TO RAISE MONEY FOR THE PROGRAM. THIS YEAR'S PROJECT DIRECTED PROCEEDS TO A SUMMER TEAM TRAVEL MEET IN FORT COLLINS, COLORADO. JUNE & JULY THE SWAMIS HEADED TO COLORADO FOR THE FIRST TIME FOR A TEAM TRAVEL MEET AND COMPETED IN THE ANNUAL FORT COLLINS BONANZA, FACING SIXTEEN OTHER PROGRAMS FROM FOUR STATES. THE SWAMIS FINISHED 2ND PLACE OVERALL TO SERVE MORE CHILDREN IN SALT LAKE'S WEST SIDE COMMUNITIES, SWAMI OFFERED SUMMER SWIMMING LESSONS FOR ALL AGES AT THE GRANGER POOL SITE, AS WELL AS A YEAR-ROUND "SWAMI PREP" GROUP FOR KIDS NOT QUITE PREPARED FOR THE COMPETITIVE SWIMMING ENVIRONMENT. FOR THE FIFTH CONSECUTIVE YEAR, SWAMI PARTNERED WITH THE POPLAR GROVE-BASED NEIGHBORHOOD HOUSE TO OFFER FREE SWIMMING LESSONS TO MORE THAN 60 CHILDREN. THE PROGRAM WAS AN 8-WEEK COURSE IN JUNE AND JULY. THE PROGRAM WAS MADE POSSIBLE BY THE GENEROUS SUPPORT FROM THE MCCARTHEY FAMILY FOUNDATION. AUGUST SWAMIS CLOSED OUT THE SUMMER LONG COURSE SEASON BY SETTING MORE THAN 40 NEW TEAM RECORDS AND QUALIFYING FOR MORE REGIONAL AND NATIONAL MEETS THAN EVER BEFORE. THE TEAM CELEBRATED THEIR ACCOMPLISHMENTS BY HOSTING A "WEEK OF SWAMI" WITH A SERIES OF FUN DAILY ACTIVITIES AND AN AWARDS NIGHT TO HONOR THE SWAMIS. SEPTEMBER USA SWIMMING NAMED RACE SWAMI ONE OF THE TOP 20 OUTREACH PROGRAMS IN THE NATION WITH LESS THAN 100 PROGRAMS NATIONALLY THAT FOCUS ON SERVING LOW INCOME YOUTH (35% OR MORE OF THE ROSTER), RACE SWAMI WAS DESCRIBED AS RARE DUE TO OFFERING ITS MEMBERS EDUCATIONAL EXPERIENCES OUTSIDE OF SWIMMING OCTOBER JEPS FOUNDATION COMMITTED ITS SUPPORT TO RACE SWAMI FOR THE EIGHTH CONSECUTIVE YEAR, WHILE THE COMMUNITY FOUNDATION OF UTAH (ANOTHER LONGTIME SUPPORTER) PRODUCED A FOCUS PIECE ON RACE SWAMI AND THE IMPACT THEIR CONTRIBUTIONS HAVE MADE TO THE SWIMMING AND ENRICHMENT PROGRAM. NOVEMBER EAST HIGH VS WEST HIGH GIRLS- DUAL MEET FEATURED THE MOST SWAMIS COMPETING IN A HIGH SCHOOL MEET TO DATE. SWAMIS WON 7 OF 8 EVENTS.
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IRS990/MissionDesc0RACE SWAMI EXISTS TO EMPOWER YOUTH TO BE CHAMPIONS IN AND OUT OF THE WATER FOR A LIFETIME. WE PROVIDE OPPORTUNITIES IN SWIMMING FOR UNDERSERVED YOUTH FROM THE WEST SIDE OF SALT LAKE CITY. OUT GOAL IS TO DEVELOP OUR PARTICIPANTS PHYSICAL AND MENTAL HEALTH IN A FUN AND UNIQUE ENVIRONMENT, DEEPLY ROOTED IN SEFLT-DISCIPLINE, TEAMWORK, AND WHOLE-BODY AWAREMENSS. AT THE SAME, WE VALUE AND WELCOME THE RICH CULTURAL KNOWLEDGE AND EXPERIENCES OF THE YOUTH AND COMMUNITIES WE SERVE. RACE SWAMI IS A 501 (C) (3) NON PROFIT CLUB SERVICE THE ROSE PARK, GLENDALE AND NEIGHBORING COMMUNITIES OF SALT LAKE CITY'S WEST SIDE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND THEREFORE HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509 (A) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2019. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING DECEMBER 31, 2019, 2018, 2017, AND 2016 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. IF AN UNCERTAIN TAX POSITION MEETS THE MORE-LIKELY-THAN-NOT THRESHOLD, THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY TO BE RECOGNIZED UPON ULTIMATE SETTLEMENT WITH THE TAXING AUTHORITY IS RECORDED. THE ORGANIZATION'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS A NOT- FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT HAS EVALUATED THE TAX POSITIONS REFLECTED IN THE ORGANIZATION'S TAX FILINGS AND DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RACE SWAMI EXISTS TO EMPOWER YOUTH TO BE CHAMPIONS IN AND OUT OF THE WATER FOR A LIFETIME. WE PROVIDE OPPORTUNITIES IN SWIMMING FOR UNDERSERVED YOUTH FROM THE WEST SIDE OF SALT LAKE CITY. OUT GOAL IS TO DEVELOP OUR PARTICIPANTS PHYSICAL AND MENTAL HEALTH IN A FUN AND UNIQUE ENVIRONMENT, DEEPLY ROOTED IN SEFLT-DISCIPLINE, TEAMWORK, AND WHOLE-BODY AWAREMENSS. AT THE SAME, WE VALUE AND WELCOME THE RICH CULTURAL KNOWLEDGE AND EXPERIENCES OF THE YOUTH AND COMMUNITIES WE SERVE. RACE SWAMI IS A 501 (C) (3) NON PROFIT CLUB SERVICE THE ROSE PARK, GLENDALE AND NEIGHBORING COMMUNITIES OF SALT LAKE CITY'S WEST SIDE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JANUARY QUAC (QUEER UTAH AQUATIC CLUB) HELD THEIR THIRD CONSECUTIVE NEW YEAR'S DAY FUNDRAISER ON BEHALF OF RACE SWAMI, RAISING NEARLY 3,000. THE PROCEEDS WENT TOWARDS PURCHASING NEW TRAINING EQUIPMENT FOR THE SWAMIS, INCLUDING FINS, SNORKELS, AND TRAINING SUITS. SWAMI'S 2018 ANNUAL APPEAL GARNERED NEARLY 18,000 FOR THE PROGRAM. THE MONEY WAS APPLIED TOWARDS SWIMMER SCHOLARSHIPS, POOL RENTALS AT THREE LOCATIONS, AND MEET FEES FOR THE 2019 SEASON. FEBRUARY SWAMI'S HIGH SCHOOL SWIMMERS COMPETED IN THEIR RESPECTIVE HIGH SCHOOL STATE CHAMPIONSHIPS WITH SENIOR EMILY DIXON (WEST HIGH) HEADLINING THE CREW. SHE FINISHED 4TH OVERALL IN THE 100-YARD FLY AS WELL AS 9TH IN THE 200 IM. EMILY HELPED HER GIRLS' TEAM FINISH 4TH OVERALL IN THE 5A DIVISION. EMILY'S TIME IN THE 100 FLY WAS GOOD ENOUGH TO QUALIFY HER FOR THE SPEEDO SECTIONALS MEET IN PHOENIX, ARIZONA, WHERE SHE SWAM THE 100 FLY, 200 FLY, AND 200 IM. MARCH RACE SWAMI'S 14 & UNDER ATHLETES ATTENDED THE UTAH AGE GROUP STATE CHAMPIONSHIPS IN BOUNTIFUL, WHERE THEY PLACED 10TH OVERALL. THE TOP TEAM SCORERS WERE CAROLINE COOPER, ANGELA ROBERTS, MIGUEL FREGOSO, AND MADELEINE STOLZ. APRIL A RECORD FIVE SWAMIS QUALIFIED FOR THE PRESTIGIOUS FAR WESTERNS CHAMPIONSHIPS, HELD ANNUALLY IN APRIL IN SANTA CLARA, CA. MAY COACH MATT FINNIGAN WAS INVITED TO SPEAK AT THE USA SWIMMING SWIM-BIZ CONFERENCE IN COLORADO SPRINGS. A CROWD OF 400 ATTENDEES LISTENED TO RACE SWAMI'S COMPELLING JOURNEY IN BUILDING A NATIONALLY RENOWNED SWIMMING AND ENRICHMENT PROGRAM SERVING UNDERREPRESENTED YOUTH. JUNE THE SWAMIS HELD THEIR ANNUAL SWIM-A-THON TO RAISE MONEY FOR THE PROGRAM. THIS YEAR'S PROJECT DIRECTED PROCEEDS TO A SUMMER TEAM TRAVEL MEET IN FORT COLLINS, COLORADO. JUNE & JULY THE SWAMIS HEADED TO COLORADO FOR THE FIRST TIME FOR A TEAM TRAVEL MEET AND COMPETED IN THE ANNUAL FORT COLLINS BONANZA, FACING SIXTEEN OTHER PROGRAMS FROM FOUR STATES. THE SWAMIS FINISHED 2ND PLACE OVERALL TO SERVE MORE CHILDREN IN SALT LAKE'S WEST SIDE COMMUNITIES, SWAMI OFFERED SUMMER SWIMMING LESSONS FOR ALL AGES AT THE GRANGER POOL SITE, AS WELL AS A YEAR-ROUND "SWAMI PREP" GROUP FOR KIDS NOT QUITE PREPARED FOR THE COMPETITIVE SWIMMING ENVIRONMENT. FOR THE FIFTH CONSECUTIVE YEAR, SWAMI PARTNERED WITH THE POPLAR GROVE-BASED NEIGHBORHOOD HOUSE TO OFFER FREE SWIMMING LESSONS TO MORE THAN 60 CHILDREN. THE PROGRAM WAS AN 8-WEEK COURSE IN JUNE AND JULY. THE PROGRAM WAS MADE POSSIBLE BY THE GENEROUS SUPPORT FROM THE MCCARTHEY FAMILY FOUNDATION. AUGUST SWAMIS CLOSED OUT THE SUMMER LONG COURSE SEASON BY SETTING MORE THAN 40 NEW TEAM RECORDS AND QUALIFYING FOR MORE REGIONAL AND NATIONAL MEETS THAN EVER BEFORE. THE TEAM CELEBRATED THEIR ACCOMPLISHMENTS BY HOSTING A "WEEK OF SWAMI" WITH A SERIES OF FUN DAILY ACTIVITIES AND AN AWARDS NIGHT TO HONOR THE SWAMIS. SEPTEMBER USA SWIMMING NAMED RACE SWAMI ONE OF THE TOP 20 OUTREACH PROGRAMS IN THE NATION WITH LESS THAN 100 PROGRAMS NATIONALLY THAT FOCUS ON SERVING LOW INCOME YOUTH (35% OR MORE OF THE ROSTER), RACE SWAMI WAS DESCRIBED AS RARE DUE TO OFFERING ITS MEMBERS EDUCATIONAL EXPERIENCES OUTSIDE OF SWIMMING OCTOBER JEPS FOUNDATION COMMITTED ITS SUPPORT TO RACE SWAMI FOR THE EIGHTH CONSECUTIVE YEAR, WHILE THE COMMUNITY FOUNDATION OF UTAH (ANOTHER LONGTIME SUPPORTER) PRODUCED A FOCUS PIECE ON RACE SWAMI AND THE IMPACT THEIR CONTRIBUTIONS HAVE MADE TO THE SWIMMING AND ENRICHMENT PROGRAM. NOVEMBER EAST HIGH VS WEST HIGH GIRLS- DUAL MEET FEATURED THE MOST SWAMIS COMPETING IN A HIGH SCHOOL MEET TO DATE. SWAMIS WON 7 OF 8 EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MATT FINNEGAN MARY CHRIS FINNIGAN SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING. ANY COMMENTS OR QUESTIONS ARE INCORPORATE AND RESOLVED BEFORE THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS MEETS TO DISCUSS THE EXECUTIVE DIRECTOR'S SALARY AND USES COMPARABLE ORGANZATIONS WHEN DETERMINING THE SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
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