Civic Intelligence

Boilermaker Aquatics Inc.

990 • Fiscal year 2020 • EIN 35-2042910

Sep 01, 2019 to Aug 31, 2020 • Filed on Nov 30, 2020

PO Box 2782West Lafayette, IN 47996

(765) 491-9247

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.88x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.44x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

33rd percentile

-5.4%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

94th percentile

$63,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 23.5% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

54th percentile

7.0%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

-15%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$135,213

Up $8,809 (+7.0%) from 2019

Net Assets

Down

$15,982

Down $14,447 (-47%) from 2019

Liabilities

Up

$119,231

Up $23,256 (+24%) from 2019

Revenue

Down

$268,428

Down $48,361 (-15%) from 2019

Expenses

Down

$282,875

Down $53,976 (-16%) from 2019

Net Income

Up

-$14,447

Up $5,615 (+28%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $118,036Liabilities 2016: $97,867Net Assets 2016: $20,1692016Assets 2017: $136,485Liabilities 2017: $87,343Net Assets 2017: $49,1422017Assets 2018: $149,791Liabilities 2018: $99,300Net Assets 2018: $50,4912018Assets 2019: $126,404Liabilities 2019: $95,975Net Assets 2019: $30,4292019Assets 2020: $135,213Liabilities 2020: $119,231Net Assets 2020: $15,9822020Assets 2021: $203,982Liabilities 2021: $123,429Net Assets 2021: $80,5532021Assets 2022: $282,507Liabilities 2022: $111,318Net Assets 2022: $171,1892022Assets 2025: $249,482Liabilities 2025: $118,700Net Assets 2025: $130,7822025

Highlighted filing

2020

Assets$135,213
Liabilities$119,231
Net Assets$15,982

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $300,982Expenses 2016: $338,954Net Income 2016: -$37,9722016Revenue 2017: $331,521Expenses 2017: $302,548Net Income 2017: $28,9732017Revenue 2018: $297,302Expenses 2018: $295,953Net Income 2018: $1,3492018Revenue 2019: $316,789Expenses 2019: $336,851Net Income 2019: -$20,0622019Revenue 2020: $268,428Expenses 2020: $282,875Net Income 2020: -$14,4472020Revenue 2021: $328,270Expenses 2021: $263,699Net Income 2021: $64,5712021Revenue 2022: $402,338Expenses 2022: $312,116Net Income 2022: $90,2222022Revenue 2025: $419,604Expenses 2025: $424,684Net Income 2025: -$5,0802025

Highlighted filing

2020

Revenue$268,428
Expenses$282,875
Net Income-$14,447
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Nov 30, 2020
Return Version
2019v5.0
Gross Receipts
$272,553
Mission and Program Overview

Mission

The organization supports youth swimming programs by offering coaching and participation in swim meets to develop skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$61,662$72,211▲ $10,549
Cash and Non-Interest-Bearing Accounts$60,229$58,788▼ $1,441
Accounts Receivable$3,306$2,190▼ $1,116
Prepaid Expenses and Deferred Charges$1,207$2,024▲ $817
Total Assets$126,404$135,213▲ $8,809
Liabilities
Other Liabilities$94,725$85,515▼ $9,210
Accounts Payable and Accrued Expenses$1,250$33,716▲ $32,466
Total Liabilities$95,975$119,231▲ $23,256
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,287$14,840▼ $14,447
Net Assets With Donor Restrictions$1,142$1,142→ $0
Total Net Assets Fund Balance$30,429$15,982▼ $14,447
Total Liabilities and Net Assets / Fund Balance$126,404$135,213▲ $8,809
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chad DillonHead CoachFT$63,000$63,000

Board Members and Trustees

NameTitle
Tim DowningPresident
Chip ComeryDirector
Cindy EvansDirector
Jason ThompsonDirector
Jen FecherDirector
John KlingeDirector
Kelly MunnDirector
Katie DewittSafe Sport C
Doug CuttellSecretary
Kim MorisetteTreasurer
Jd SchaumbergVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$185,589
Program Service Revenue
$69,553
Investment Income
$49
Other Revenue
$13,237
All Other Contributions
$11,102
Change in Net Assets
$-14,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$175,278
Other Expenses$107,097
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,736--$97,736
Current Officers, Directors, Trustees, and Key Employees$63,000--$63,000
All Other Expenses$32,357$9,997-$42,354
Payroll Taxes$12,619--$12,619
Other Expenses$9,525--$9,525
Fees for Services Accounting-$8,169-$8,169
Other Employee Benefits$965$958-$1,923
Travel$1,853--$1,853
Information Technology-$1,147-$1,147
Office Expenses-$810-$810
Insurance-$750-$750
Grants to Domestic Orgs$500--$500
Total Functional Expenses$261,044$21,831$0$282,875
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,599
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Swim-a-thon$24,681-$1,599-
Total Events$24,681-$1,599$-1,599
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue$81,984
Accrued Payroll$3,531
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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, Page 6, Part VI, Line 11B

The treasurer of the organization reviews the form 990 prior to submission and supplies a copy for each board member to review.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Boilermaker Aquatics Inc
EIN
35-2042910
Phone
7654919247
Address
PO BOX 2782, WEST LAFAYETTE, IN 47996

Signing Officer

Name
Kim Morisette
Title
Treasurer
Phone
7654919247
Signed
2020-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Downing
Formed
1998
Voting Board Members
11
Independent Board Members
11
Employees
17
Volunteers
200

Preparer

Firm
Huth Thompson Llp
Address
PO BOX 970, LAFAYETTE, IN 47902-0970
Preparer
Kimberley R Morisette
Phone
7654285000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Administrative expense:cr 0 6,820 0 hosted meet expense:fees 6,675 0 0 pool rental:west lafayett 6,668 0 0 team expenses:apparel 5,632 0 0 hosted meet expense:hospi 4,130 0 0 pool rental:vinton 3,850 0 0 administrative expense:ac 0 2,246 0 administrative expense:pa 0 1,946 0 usas registrations:coach 1,104 0 0 hosted meet expense:suppl 1,019 0 0 hosted meet expense:award 944 0 0 administrative expense:ge 0 768 0 team expenses:team awards 566 0 0 hosted meet expense:prize 474 0 0 pool rental:happy hollow 420 0 0 coaching expense:equipmen 415 0 0 miscellaneous fundraising 248 0 0 usas registrations: usas 150 0 0 team expenses:team buildi 62 0 0 service fees 0 -1,783 0 total 32,357 9,997 0

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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt069553
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0667
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0667
IRS990/SavingsAndTempCashInvstGrp/BOYAmt061662
IRS990/SavingsAndTempCashInvstGrp/EOYAmt072211
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt08,030
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0185589
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0200630
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0202632
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0201930
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0201110
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0991891
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0716
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01229
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01145
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02293
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt024
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05407
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt078218
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0120953
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt099846
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0131137
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0100944
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0531098
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0716
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01229
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02293
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05407
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08030
IRS990ScheduleA/OtherIncome509Grp/TotalAmt08030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99130
IRS990ScheduleA/PublicSupportPY509Pct00.99690
IRS990ScheduleA/PublicSupportTotal509Amt01522989
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0263807
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0321583
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0302478
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0333067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0302054
IRS990ScheduleA/Total509Grp/TotalAmt01522989
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0272553
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0322812
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0303623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0335360
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0302078
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01536426
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt081984
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13531
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL
IRS990ScheduleD/TotalLiabilityAmt085515
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt024681
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt024681
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01599
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SWIM-A-THON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt024681
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt024681
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-1599
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01599
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01599
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER OF THE ORGANIZATION REVIEWS THE FORM 990 PRIOR TO SUBMISSION AND SUPPLIES A COPY FOR EACH BOARD MEMBER TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADMINISTRATIVE EXPENSE:CR 0 6,820 0 HOSTED MEET EXPENSE:FEES 6,675 0 0 POOL RENTAL:WEST LAFAYETT 6,668 0 0 TEAM EXPENSES:APPAREL 5,632 0 0 HOSTED MEET EXPENSE:HOSPI 4,130 0 0 POOL RENTAL:VINTON 3,850 0 0 ADMINISTRATIVE EXPENSE:AC 0 2,246 0 ADMINISTRATIVE EXPENSE:PA 0 1,946 0 USAS REGISTRATIONS:COACH 1,104 0 0 HOSTED MEET EXPENSE:SUPPL 1,019 0 0 HOSTED MEET EXPENSE:AWARD 944 0 0 ADMINISTRATIVE EXPENSE:GE 0 768 0 TEAM EXPENSES:TEAM AWARDS 566 0 0 HOSTED MEET EXPENSE:PRIZE 474 0 0 POOL RENTAL:HAPPY HOLLOW 420 0 0 COACHING EXPENSE:EQUIPMEN 415 0 0 MISCELLANEOUS FUNDRAISING 248 0 0 USAS REGISTRATIONS: USAS 150 0 0 TEAM EXPENSES:TEAM BUILDI 62 0 0 SERVICE FEES 0 -1,783 0 TOTAL 32,357 9,997 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0126404
IRS990/TotalAssetsEOYAmt0135213
IRS990/TotalAssetsGrp/BOYAmt0126404
IRS990/TotalAssetsGrp/EOYAmt0135213
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0185589
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021831
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0261044
IRS990/TotalFunctionalExpensesGrp/TotalAmt0282875
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt095975
IRS990/TotalLiabilitiesEOYAmt0119231
IRS990/TotalLiabilitiesGrp/BOYAmt095975
IRS990/TotalLiabilitiesGrp/EOYAmt0119231
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt030429
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015982
IRS990/TotalProgramServiceExpensesAmt0261044
IRS990/TotalProgramServiceRevenueAmt069553
IRS990/TotalReportableCompFromOrgAmt063000
IRS990/TotalRevenueGrp/ExclusionAmt0716
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt083722
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0268428
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0126404

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