Civic Intelligence

Waterhawks Ski Team

990EZ • Fiscal year 2018 • EIN 42-0927410

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 18, 2019

P O Box 112Waterloo, IA 50704-0112

(319) 233-0525

Siviq Scores

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

Liabilities / Assets

54th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

54th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

40th percentile

-3.0%

Faster asset growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

8.7%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$134,962

Down $4,245 (-3.0%) from 2017

Net Assets

Up

$134,962

Up $8,675 (+6.9%) from 2017

Liabilities

Down

$0

Down $12,920 (-100%) from 2017

Revenue

Up

$70,041

Up $5,601 (+8.7%) from 2017

Expenses

Down

$61,367

Down $8,756 (-12%) from 2017

Net Income

Up

$8,674

Up $14,357 (+253%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $129,130Liabilities 2011: $61,813Net Assets 2011: $67,3172011Assets 2012: $180,230Liabilities 2012: $77,5392012Assets 2013: $154,466Liabilities 2013: $40,7132013Assets 2014: $191,645Liabilities 2014: $71,428Net Assets 2014: $120,2172014Assets 2015: $157,994Liabilities 2015: $47,644Net Assets 2015: $110,3502015Assets 2016: $160,135Liabilities 2016: $28,165Net Assets 2016: $131,9702016Assets 2017: $139,207Liabilities 2017: $12,920Net Assets 2017: $126,2872017Assets 2018: $134,962Liabilities 2018: $0Net Assets 2018: $134,9622018Assets 2019: $250,624Liabilities 2019: $33,452Net Assets 2019: $217,1722019Assets 2020: $363,067Liabilities 2020: $126,778Net Assets 2020: $236,2892020Assets 2021: $339,673Liabilities 2021: $115,387Net Assets 2021: $224,2862021Assets 2022: $384,914Liabilities 2022: $113,642Net Assets 2022: $271,2722022Assets 2023: $397,726Liabilities 2023: $84,981Net Assets 2023: $312,7452023Assets 2024: $509,085Liabilities 2024: $157,867Net Assets 2024: $351,2182024Assets 2025: $536,210Liabilities 2025: $123,204Net Assets 2025: $413,0062025

Highlighted filing

2018

Assets$134,962
Liabilities$0
Net Assets$134,962

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $71,445Expenses 2011: $66,190Net Income 2011: $5,2552011Revenue 2012: $104,024Expenses 2012: $68,650Net Income 2012: $35,3742012Revenue 2013: $85,458Expenses 2013: $74,396Net Income 2013: $11,0622013Revenue 2014: $72,965Expenses 2014: $66,501Net Income 2014: $6,4642014Revenue 2015: $87,257Expenses 2015: $97,124Net Income 2015: -$9,8672015Revenue 2016: $109,063Expenses 2016: $87,443Net Income 2016: $21,6202016Revenue 2017: $64,440Expenses 2017: $70,123Net Income 2017: -$5,6832017Revenue 2018: $70,041Expenses 2018: $61,367Net Income 2018: $8,6742018Revenue 2019: $139,481Expenses 2019: $96,355Net Income 2019: $43,1262019Revenue 2020: $95,106Expenses 2020: $75,989Net Income 2020: $19,1172020Revenue 2021: $100,824Expenses 2021: $112,827Net Income 2021: -$12,0032021Revenue 2022: $140,687Expenses 2022: $93,701Net Income 2022: $46,9862022Revenue 2023: $169,965Expenses 2023: $128,492Net Income 2023: $41,4732023Revenue 2024: $163,054Expenses 2024: $124,581Net Income 2024: $38,4732024Revenue 2025: $150,492Expenses 2025: $88,704Net Income 2025: $61,7882025

Highlighted filing

2018

Revenue$70,041
Expenses$61,367
Net Income$8,674
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 18, 2019
Return Version
2017v2.3
Gross Receipts
$79,853
Mission and Program Overview

Mission

Waterhawks water ski team to educate club members, as well as the general public, on techniques, rules, regulations and safety in the sport of water-skiing. By promoting our alternative activities in the community, we hope to influence future generations of water-skiers by fostering relationships focused on coaching, mentoring, teamwork, cooperation, and leadership in the family environment.

It is the mission of the waterhawks water ski team to educate club members, as well as the general public, on techniques, rules, regulations and safety in the sport of water-skiing. By promoting our alternative activities in the community, we hope to influence future generations of water-skiers by fostering relationships focused on coaching, mentoring, teamwork, cooperation, and leadership in a family environment.

Program Services

DescriptionGrantsExpenses
PROMOTING THE SPORT OF WATERSKIING THROUGH WATERSKI INSTRUCTION AND HOSTING EVENTS FOR THE GENERAL PUBLIC, INCLUDING EVENTS DESIGNED FOR THE DISABLED, HANDICAPPED AND DISADVANTAGED.$0$43,731
HOSTING EVENTS FOR COMMUNITY ENTERTAINMENT, INCLUDING PERFORMANCE SHOWS, TOURNAMENTS AND OTHER COMPETITIONS.$0$10,038
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LARRY MEANYPresident-$0--
MARILYN SCHMITZVice President-$0--
KELLY HARBACHSecretary-$0--
COURTNEY SCHMITZTreasurer-$0--
KODY MCCRACKENFundraising Director-$0--
PAT COOKTournament Director-$0--
GARTH PETERShow Director-$0--
BOBBY PETERSENShow Business Manager-$0--
JOE SCHMITZActivities Director-$0--
KAYLA TOALEPublicity Director-$0--
CHAD COFFINMaster At Arms-$0--
DANNY PENNSafety Director-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Haunted Hayride$18,074$18,074$6,683$11,391
Total Events$18,074$18,074$7,041$11,033
Filing and Contact Details

Filer

Filer Name
Waterhawks Ski Team
EIN
42-0927410
Phone
3192330525
Address
P O BOX 112, WATERLOO, IA 50704-0112

Signing Officer

Name
Tom Taylor
Title
Treasurer
Phone
3192330525
Signed
2019-02-18
Discuss with paid preparer
Yes

Preparer

Firm
Rsm US Llp
Address
201 FIRST ST SE SUITE 800, CEDAR RAPIDS, IA 52401
Preparer
Travis J Fell
Phone
3192985333
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Rental Income

Kind and location of property: real estate - waterloo, ia. Amount: 17,277.

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest. Amount: 27.

Form 990-ez, Part I, Line 7 - Sales of Inventory

Income: gross receipts: 7,960. Returns and allowances: 0. Less cost of goods sold: 2,771. Gross profit: 5,189. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 2,771. Cost of labor: 0. Materials and supplies: 0. Other costs: 0. Inventory at end of year: 0. Cost of goods sold: 2,771.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 9,808. Description: other expenses. Amount: 8,801. Total to form 990-ez, line 14: 18,609.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: advertising. Amount: 896. Description: insurance. Amount: 9,380. Description: show team expense. Amount: 4,829. Description: equipment leases. Amount: 10,164. Description: gas & oil. Amount: 21. Description: license, registration & dues. Amount: 833. Description: miscellaneous. Amount: 8,944. Description: interest. Amount: 289. Description: property taxes. Amount: 7,181. Description: public relations. Amount: 221. Total to form 990-ez, line 16: 42,758.

Form 990-ez, Part II, Line 24 - Other Assets

Description: other depreciable assets. Beg. Of year amount: 18,134. End of year amount: 8,326.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: note payable. Beg. Of year amount: 12,919. End of year amount: 0.

Raw XML Appendix268 raw XML fields

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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IRS990EZ/PrimaryExemptPurposeTxt0IT IS THE MISSION OF THE WATERHAWKS WATER SKI TEAM TO EDUCATE CLUB MEMBERS, AS WELL AS THE GENERAL PUBLIC, ON TECHNIQUES, RULES, REGULATIONS AND SAFETY IN THE SPORT OF WATER-SKIING. BY PROMOTING OUR ALTERNATIVE ACTIVITIES IN THE COMMUNITY, WE HOPE TO INFLUENCE FUTURE GENERATIONS OF WATER-SKIERS BY FOSTERING RELATIONSHIPS FOCUSED ON COACHING, MENTORING, TEAMWORK, COOPERATION, AND LEADERSHIP IN A FAMILY ENVIRONMENT.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1HOSTING EVENTS FOR COMMUNITY ENTERTAINMENT, INCLUDING PERFORMANCE SHOWS, TOURNAMENTS AND OTHER COMPETITIONS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KIND AND LOCATION OF PROPERTY: REAL ESTATE - WATERLOO, IA. AMOUNT: 17,277.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INTEREST. AMOUNT: 27.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INCOME: GROSS RECEIPTS: 7,960. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 2,771. GROSS PROFIT: 5,189. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 2,771. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 2,771.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DEPRECIATION. AMOUNT: 9,808. DESCRIPTION: OTHER EXPENSES. AMOUNT: 8,801. TOTAL TO FORM 990-EZ, LINE 14: 18,609.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: ADVERTISING. AMOUNT: 896. DESCRIPTION: INSURANCE. AMOUNT: 9,380. DESCRIPTION: SHOW TEAM EXPENSE. AMOUNT: 4,829. DESCRIPTION: EQUIPMENT LEASES. AMOUNT: 10,164. DESCRIPTION: GAS & OIL. AMOUNT: 21. DESCRIPTION: LICENSE, REGISTRATION & DUES. AMOUNT: 833. DESCRIPTION: MISCELLANEOUS. AMOUNT: 8,944. DESCRIPTION: INTEREST. AMOUNT: 289. DESCRIPTION: PROPERTY TAXES. AMOUNT: 7,181. DESCRIPTION: PUBLIC RELATIONS. AMOUNT: 221. TOTAL TO FORM 990-EZ, LINE 16: 42,758.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 18,134. END OF YEAR AMOUNT: 8,326.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION: NOTE PAYABLE. BEG. OF YEAR AMOUNT: 12,919. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - RENTAL INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM TAYLOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03192330525
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATERHAWKS SKI TEAM
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0420927410
ReturnHeader/Filer/PhoneNum03192330525
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 112
ReturnHeader/Filer/USAddress/CityNm0WATERLOO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd0507040112
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03327DD2EDE5FC6E373588B92A26CD2AEE0F60143
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09DB8014B51E8EDC561BFC4E92E36C3F918DE5493
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.171.131.188
ReturnHeader/FilingSecurityInformation/IPDt02019-02-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:22:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 FIRST ST SE SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CEDAR RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052401
ReturnHeader/PreparerPersonGrp/PhoneNum03192985333
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRAVIS J FELL
ReturnHeader/ReturnTs02019-08-02T13:49:49-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.36$1.23$4.13$1.50$0.89$0.62
2024Detailed filing. Detailed filing data is available for this year.$5.09$1.58$3.51$1.63$1.25$0.38
2023Detailed filing. Detailed filing data is available for this year.$3.98$0.85$3.13$1.70$1.28$0.41
2022Detailed filing. Detailed filing data is available for this year.$3.85$1.14$2.71$1.41$0.94$0.47
2021Detailed filing. Detailed filing data is available for this year.$3.40$1.15$2.24$1.01$1.13$0.12
2020Detailed filing. Detailed filing data is available for this year.$3.63$1.27$2.36$0.95$0.76$0.19
2019Detailed filing. Detailed filing data is available for this year.$2.51$0.33$2.17$1.39$0.96$0.43
2018Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.70$0.61$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.39$0.13$1.26$0.64$0.70$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.60$0.28$1.32$1.09$0.87$0.22
2015Detailed filing. Detailed filing data is available for this year.$1.58$0.48$1.10$0.87$0.97$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.92$0.71$1.20$0.73$0.67$0.06
2013Summary only. Only limited summary data is available for this year.$1.54$0.41$0.85$0.74$0.11
2012Summary only. Only limited summary data is available for this year.$1.80$0.78$1.04$0.69$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.62$0.67$0.71$0.66$0.05