Civic Intelligence

West Chicago Sharks Inc.

990 • Fiscal year 2017 • EIN 36-4172223

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

1261 Crystal Shore DrCarol Stream, IL 60188

(630) 664-2400

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

89th percentile

$37,360

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

89th percentile

78%

Faster asset growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$89,385

Up $39,255 (+78%) from 2016

Net Assets

Up

$89,385

Up $39,255 (+78%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$314,996

Up $37,797 (+14%) from 2016

Expenses

Up

$275,741

Up $8,959 (+3.4%) from 2016

Net Income

Up

$39,255

Up $28,838 (+277%) from 2016

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $93,139Liabilities 2011: $0Net Assets 2011: $93,1392011Assets 2012: $80,242Liabilities 2012: $0Net Assets 2012: $80,2422012Assets 2013: $69,205Liabilities 2013: $0Net Assets 2013: $69,2052013Assets 2014: $63,924Liabilities 2014: $0Net Assets 2014: $63,9242014Assets 2015: $39,713Liabilities 2015: $0Net Assets 2015: $39,7132015Assets 2016: $50,130Liabilities 2016: $0Net Assets 2016: $50,1302016Assets 2017: $89,385Liabilities 2017: $0Net Assets 2017: $89,3852017Assets 2018: $91,727Liabilities 2018: $0Net Assets 2018: $91,7272018Assets 2019: $110,904Liabilities 2019: $0Net Assets 2019: $110,9042019Assets 2020: $135,365Liabilities 2020: $0Net Assets 2020: $135,3652020Assets 2021: $165,103Liabilities 2021: $0Net Assets 2021: $165,1032021Assets 2022: $234,887Liabilities 2022: $0Net Assets 2022: $234,8872022Assets 2023: $308,083Liabilities 2023: $0Net Assets 2023: $308,0832023Assets 2024: $368,678Liabilities 2024: $0Net Assets 2024: $368,6782024

Highlighted filing

2017

Assets$89,385
Liabilities$0
Net Assets$89,385

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $233,0872011Expenses 2012: $279,4872012Revenue 2013: $291,073Expenses 2013: $302,110Net Income 2013: -$11,0372013Revenue 2014: $304,542Expenses 2014: $309,823Net Income 2014: -$5,2812014Revenue 2015: $282,166Expenses 2015: $306,377Net Income 2015: -$24,2112015Revenue 2016: $277,199Expenses 2016: $266,782Net Income 2016: $10,4172016Revenue 2017: $314,996Expenses 2017: $275,741Net Income 2017: $39,2552017Revenue 2018: $248,998Expenses 2018: $246,656Net Income 2018: $2,3422018Revenue 2019: $233,943Expenses 2019: $214,766Net Income 2019: $19,1772019Revenue 2020: $146,363Expenses 2020: $121,902Net Income 2020: $24,4612020Revenue 2021: $173,007Expenses 2021: $143,269Net Income 2021: $29,7382021Revenue 2022: $261,482Expenses 2022: $191,698Net Income 2022: $69,7842022Revenue 2023: $312,413Expenses 2023: $239,217Net Income 2023: $73,1962023Revenue 2024: $300,656Expenses 2024: $240,061Net Income 2024: $60,5952024

Highlighted filing

2017

Revenue$314,996
Expenses$275,741
Net Income$39,255
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.3
Gross Receipts
$314,996
Mission and Program Overview

Mission

Swimming programs. The west chicago sharks, inc. ("wcs") organization is a competitive swim club whose purpose is to teach team members good sportsmanship, promote physical health, and to develop, govern, and promote the sport of swimming. The objective of wcs is to provide competition with the intent to stimulate interest and provide experience for all swimmers at all levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$50,130$89,385▲ $39,255
Savings and Temporary Cash Investments$7,480$64,597▲ $57,117
Cash and Non-Interest-Bearing Accounts$40,901$23,539▼ $17,362
Land, Buildings, and Equipment, Net$1,749$1,249▼ $500
Total Assets$50,130$89,385▲ $39,255
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$50,130$89,385▲ $39,255
Total Liabilities and Net Assets / Fund Balance$50,130$89,385▲ $39,255

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,249$12,296$13,545
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nick ParryHead Coach /FT$37,360$37,360
Dennis DybowskiRegistration-$3,000$3,000

Board Members and Trustees

NameTitle
Dave ToddPresident
Bridget ForsMeet Directo
Laura TrnkaSecretary
Stacey GallagherTreasurer
John WhiteVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$150,698
Program Service Revenue
$164,269
Investment Income
$29
Other Revenue
$0
Change in Net Assets
$39,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$155,971
Salaries, Compensation, and Employee Benefits$119,770
Total Fundraising Expense$21,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$116,855-$21,200$138,055
Other Salaries and Wages$119,770--$119,770
Travel$13,935--$13,935
Office Expenses-$2,661-$2,661
Fees for Services Accounting-$625-$625
Depreciation Depletion$500--$500
Advertising-$195-$195
Total Functional Expenses$251,060$3,481$21,200$275,741
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
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 6

Each parent or guardian of a registered swim team member with the west chicago sharks shall be a member. Membhership expires for each parent or guardian when their children are no longer registered with the west chicago sharks.

Form 990, Page 6, Part VI, Line 7A

The members of hte west chicago sharks elect the officers of hte organization annually, with the election taking place no later thatn the second week of february. The officers are elected to a two-year term, with the president and the secretary elected during even numbered years, and the vice president, vp of ways and means, and the treasurer elected during the odd numbered years.

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

The 990 is reviewed by the treasurer prior to filing.

Form 990, Page 6, Part VI, Line 12C

The board discusses and approves all relationships at it's monthly meetings, and any potential conflicts of interest are resolved prior to the engagement.

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

Reasonable compensation for coaching and bookkeeping duties is determined annually by the board of directors based on market data for comparable services.

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

Reasonable compensation for coaching and bookkeeping duties is determined annually by the board of directors based on market data for comparable services.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
West Chicago Sharks Inc
EIN
36-4172223
Phone
6306642400
Address
1261 CRYSTAL SHORE DR, CAROL STREAM, IL 60188

Signing Officer

Name
Nick Parry
Title
Head Coach / CEO
Phone
6309575342
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Parry
Formed
1997
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
0
Employees
0

Preparer

Firm
Savant Tax & Consulting
Address
1650 E MAIN ST STE 201, ST CHARLES, IL 60174-2373
Preparer
Christopher R Plagge CPA Ea
Phone
6305870193
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Swimming programs. The west chicago sharks, inc. ("wcs") organization is a competitive swim club whose purpose is to teach team members good sportsmanship, promote physical health, and to develop, govern, and promote the sport of swimming. The objective of wcs is to provide competition with the intent to stimulate interest and provide experience for all swimmers at all levels.

Form 990, Part IX, Line 11G

Admission fees 1,400 0 0 apparel costs 6,367 0 0 bank fees 124 0 0 clinic expenses 6,632 0 0 concessions & hospitality 7,464 0 0 credit card fees 6,156 0 0 custodial fees 5,189 0 0 fundraising expenses 0 0 21,200 isi / usa swimming fees 19,663 0 0 isi swim meet fees 20,213 0 0 pool rental fees 34,984 0 0 trophies & awards 8,663 0 0 total 116,855 0 21,200

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0182096
IRS990ScheduleA/Total509Grp/TotalAmt01360999
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0314996
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0277199
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0282166
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0304629
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0182189
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01361179
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01249
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012296
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013545
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01249
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SWIMMING PROGRAMS. THE WEST CHICAGO SHARKS, INC. ("WCS") ORGANIZATION IS A COMPETITIVE SWIM CLUB WHOSE PURPOSE IS TO TEACH TEAM MEMBERS GOOD SPORTSMANSHIP, PROMOTE PHYSICAL HEALTH, AND TO DEVELOP, GOVERN, AND PROMOTE THE SPORT OF SWIMMING. THE OBJECTIVE OF WCS IS TO PROVIDE COMPETITION WITH THE INTENT TO STIMULATE INTEREST AND PROVIDE EXPERIENCE FOR ALL SWIMMERS AT ALL LEVELS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH PARENT OR GUARDIAN OF A REGISTERED SWIM TEAM MEMBER WITH THE WEST CHICAGO SHARKS SHALL BE A MEMBER. MEMBHERSHIP EXPIRES FOR EACH PARENT OR GUARDIAN WHEN THEIR CHILDREN ARE NO LONGER REGISTERED WITH THE WEST CHICAGO SHARKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF HTE WEST CHICAGO SHARKS ELECT THE OFFICERS OF HTE ORGANIZATION ANNUALLY, WITH THE ELECTION TAKING PLACE NO LATER THATN THE SECOND WEEK OF FEBRUARY. THE OFFICERS ARE ELECTED TO A TWO-YEAR TERM, WITH THE PRESIDENT AND THE SECRETARY ELECTED DURING EVEN NUMBERED YEARS, AND THE VICE PRESIDENT, VP OF WAYS AND MEANS, AND THE TREASURER ELECTED DURING THE ODD NUMBERED YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD DISCUSSES AND APPROVES ALL RELATIONSHIPS AT IT'S MONTHLY MEETINGS, AND ANY POTENTIAL CONFLICTS OF INTEREST ARE RESOLVED PRIOR TO THE ENGAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REASONABLE COMPENSATION FOR COACHING AND BOOKKEEPING DUTIES IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS BASED ON MARKET DATA FOR COMPARABLE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REASONABLE COMPENSATION FOR COACHING AND BOOKKEEPING DUTIES IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS BASED ON MARKET DATA FOR COMPARABLE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ADMISSION FEES 1,400 0 0 APPAREL COSTS 6,367 0 0 BANK FEES 124 0 0 CLINIC EXPENSES 6,632 0 0 CONCESSIONS & HOSPITALITY 7,464 0 0 CREDIT CARD FEES 6,156 0 0 CUSTODIAL FEES 5,189 0 0 FUNDRAISING EXPENSES 0 0 21,200 ISI / USA SWIMMING FEES 19,663 0 0 ISI SWIM MEET FEES 20,213 0 0 POOL RENTAL FEES 34,984 0 0 TROPHIES & AWARDS 8,663 0 0 TOTAL 116,855 0 21,200
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0251060
IRS990/TotalFunctionalExpensesGrp/TotalAmt0275741
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt089385
IRS990/TotalProgramServiceExpensesAmt0251060
IRS990/TotalProgramServiceRevenueAmt0164269
IRS990/TotalReportableCompFromOrgAmt040360
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0164298
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0314996
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt050130
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt089385
IRS990/TravelGrp/ProgramServicesAmt013935
IRS990/TravelGrp/TotalAmt013935
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01261 CRYSTAL SHORE DR
IRS990/USAddress/CityNm0CAROL STREAM
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060188
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.WCSHARKS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK PARRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD COACH / CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06309575342
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEST CHICAGO SHARKS INC
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0364172223
ReturnHeader/Filer/PhoneNum06306642400
ReturnHeader/Filer/USAddress/AddressLine1Txt01261 CRYSTAL SHORE DR
ReturnHeader/Filer/USAddress/CityNm0CAROL STREAM
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EA4667219D3749780AF8A7866FBA15170F22513E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId007350D71F57C73D56166ED1111764C2708131785
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-07-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:14:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371774566
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SAVANT TAX & CONSULTING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01650 E MAIN ST STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST CHARLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0601742373
ReturnHeader/PreparerPersonGrp/PhoneNum06305870193
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER R PLAGGE CPA EA
ReturnHeader/ReturnTs02018-07-23T09:14:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.69$0.00$3.69$3.01$2.40$0.61
2023Detailed filing. Detailed filing data is available for this year.$3.08$0.00$3.08$3.12$2.39$0.73
2022Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$2.61$1.92$0.70
2021Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$1.73$1.43$0.30
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$1.46$1.22$0.24
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$2.34$2.15$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$2.49$2.47$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$3.15$2.76$0.39
2016Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$2.77$2.67$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$2.82$3.06$0.24
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$3.05$3.10$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$2.91$3.02$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.00$0.80$2.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.00$0.93$2.33