Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
46th percentile
Higher net margin than 46% of similar nonprofits.
Top Officer Pay
96th percentile
Higher top officer pay than 96% of similar nonprofits.
Top officer pay equals 27.3% of source-year revenue.
Asset Growth
26th percentile
Faster asset growth than 26% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | - | $4,244 | $4,244 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Matt Finnigan | Executive Di | FT | $67,990 | $67,990 |
| Name | Title |
|---|---|
| Angie Harris Roberts | Board Presid |
| Jorge Fierro | Director |
| Nick Mecham | Director |
| Nona Richardson | Director |
| Pam Chamberlain | Director |
| Sheila Dixon | Director |
| Grady Johnson | Treasurer |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $244,950 |
| Total Expenses per Audited Statements | $244,950 |
| Total Expenses per Form 990 | $244,950 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Matt finnegan mary chris finnigan spouses”
“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.”
“The board of directors meets to discuss the executive director's salary and uses comparable organzations when determining the salary.”
“Governing documents are made available at the organization's office upon request.”
“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.”
“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.”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 3667 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1699 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 2125 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AllOtherContributionsAmt | 0 | 164141 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 718 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 718 |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | NATHAN SIMMONS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8012054881 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2751 S 2700 E |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | SALT LAKE CITY |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | UT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 841092013 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
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| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 95607 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 84894 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 27532 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 6459 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 33999 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 67990 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 164141 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 21188 |
| IRS990/CYInvestmentIncomeAmt | 0 | 41 |
| IRS990/CYOtherExpensesAmt | 0 | 118775 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 85156 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 4388 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 104987 |
| IRS990/CYTotalExpensesAmt | 0 | 244950 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 31816 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 249338 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 15344 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 86 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 86 |
| IRS990/Desc | 0 | 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. |
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| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
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| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD PRESID |
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| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2011 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
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| IRS990/FSAuditedInd | 0 | true |
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| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantAmt | 0 | 21188 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 21188 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 21188 |
| IRS990/GrantsToIndividualsInd | 0 | true |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 249338 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
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| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 2432 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 2432 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 595 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 595 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 41 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 41 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 1 |
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| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 4244 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 86 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 4244 |
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| IRS990/MissionDesc | 0 | 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. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MATT FINNEGAN MARY CHRIS FINNIGAN SPOUSES |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE BOARD OF DIRECTORS MEETS TO DISCUSS THE EXECUTIVE DIRECTOR'S SALARY AND USES COMPARABLE ORGANZATIONS WHEN DETERMINING THE SALARY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | GOVERNING DOCUMENTS ARE MADE AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.