Civic Intelligence

Shaker Sharks Swimming Team

990 • Fiscal year 2015 • EIN 45-2067664

Aug 01, 2014 to Jul 31, 2015 • Filed on Jan 18, 2016

PO Box 201009Shaker Heights, OH 44120

(216) 295-4163

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

38th percentile

-1.0%

Higher net margin than 38% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

91st percentile

$45,100

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

30th percentile

-9.0%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

30th percentile

-13%

Faster revenue growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$23,687

Down $2,339 (-9.0%) from 2014

Net Assets

Down

$23,337

Down $2,689 (-10%) from 2014

Liabilities

Up

$350

Up $350 from 2014

Revenue

Down

$258,199

Down $38,756 (-13%) from 2014

Expenses

Down

$260,888

Down $44,948 (-15%) from 2014

Net Income

Up

-$2,689

Up $6,192 (+70%) from 2014

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2012: $40,090Liabilities 2012: $0Net Assets 2012: $40,0902012Assets 2014: $26,026Liabilities 2014: $0Net Assets 2014: $26,0262014Assets 2015: $23,687Liabilities 2015: $350Net Assets 2015: $23,3372015Assets 2016: $51,569Liabilities 2016: $0Net Assets 2016: $51,5692016Assets 2017: $91,870Liabilities 2017: $2,839Net Assets 2017: $89,0312017Assets 2018: $94,197Liabilities 2018: $0Net Assets 2018: $94,1972018Assets 2019: $87,031Liabilities 2019: $0Net Assets 2019: $87,0312019Assets 2020: $82,843Liabilities 2020: $32,500Net Assets 2020: $50,3432020Assets 2021: $35,022Liabilities 2021: $24,967Net Assets 2021: $10,0552021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2015

Assets$23,687
Liabilities$350
Net Assets$23,337

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $239,920Expenses 2012: $199,831Net Income 2012: $40,0892012Revenue 2014: $296,955Expenses 2014: $305,836Net Income 2014: -$8,8812014Revenue 2015: $258,199Expenses 2015: $260,888Net Income 2015: -$2,6892015Revenue 2016: $255,058Expenses 2016: $226,826Net Income 2016: $28,2322016Revenue 2017: $256,544Expenses 2017: $219,082Net Income 2017: $37,4622017Revenue 2018: $213,224Expenses 2018: $208,401Net Income 2018: $4,8232018Revenue 2019: $234,748Expenses 2019: $241,914Net Income 2019: -$7,1662019Revenue 2020: $172,062Expenses 2020: $208,750Net Income 2020: -$36,6882020Revenue 2021: $162,555Expenses 2021: $202,843Net Income 2021: -$40,2882021Revenue 2022: $247,771Expenses 2022: $257,311Net Income 2022: -$9,5402022

Highlighted filing

2015

Revenue$258,199
Expenses$260,888
Net Income-$2,689
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Jan 18, 2016
Return Version
2014v6.0
Gross Receipts
$291,034
Mission and Program Overview

Mission

To inspire and guide each athlete to reach their highest potential in and out of the water.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,164$12,651▲ $6,487
Savings and Temporary Cash Investments$16,015$10,016▼ $5,999
Prepaid Expenses and Deferred Charges$0$750▲ $750
Accounts Receivable$3,847$270▼ $3,577
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$26,026$23,687▼ $2,339
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$0$350▲ $350
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$350▲ $350
Net Assets / Fund Balance
Unrestricted Net Assets$26,026$23,337▼ $2,689
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$26,026$23,337▼ $2,689
Total Liabilities and Net Assets / Fund Balance$26,026$23,687▼ $2,339
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eric PetersonExecutive DirectorFT$45,100$45,100

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,452
Program Service Revenue
$226,276
Investment Income
$0
Other Revenue
$29,471
All Other Contributions
$1,100
Change in Net Assets
$-2,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$187,107
Other Expenses$73,781
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$95,702$30,000-$125,702
Current Officers, Directors, Trustees, and Key Employees$38,632$5,268$0$43,900
Fees for Services Other$31,915--$31,915
Payroll Taxes$13,865$3,640-$17,505
Office Expenses$5,429--$5,429
Occupancy$5,000--$5,000
All Other Expenses$4,758--$4,758
Travel$3,846--$3,846
Conferences and Meetings$2,893--$2,893
Other Expenses$2,217--$2,217
Fees for Services Accounting$1,755--$1,755
Insurance$1,225--$1,225
Advertising$60--$60
Total Functional Expenses$221,980$38,908$0$260,888
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$60,153
Fundraising Direct Expenses$32,835
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Invit.swim Meet$32,424$32,424$13,930$18,494
Swim Fundrais.$17,410$17,410$860$16,550
Total Events$49,834$49,834$22,683$27,151
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Other officer compensation reviewed
No
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 REVIEW - FORM 990, PART VI, LINE 11B:

The organization sends a draft copy of form 990 to board members via hand delivery, mail, or e-mail. Any questions or comments raised during their review are addressed prior to filing the return.

MONITORING AND ENFORCEMENT OF CONFLICT POLICY - FORM 990,PART VI,LINE 12C:

Board members are required to report any conflicts of interest annually. If a transaction arises in which an individual has a conflict, the person is excused from the meeting for the discussion and vote by disinterested board members. The board members base their decision on all the facts and circumstances presented and consider whether the transaction is in the best interests of the organization.

AVAILABILITY OF DOCUMENTS - FORM 990, PART VI, LINE 19:

The organization makes its financial statements, organizing documents, and conflict policy available upon request.

Filing and Contact Details

Filer

Filer Name
Shaker Sharks Swimming Team
EIN
45-2067664
In Care Of
% YVONNE DIXON
Phone
2162954163
Address
PO BOX 201009, SHAKER HEIGHTS, OH 44120

Signing Officer

Name
Eric Peterson
Title
Executive Director
Phone
2162954163
Signed
2016-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Peterson Execdir
Formed
2011
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
9
Employees
16
Volunteers
200

Preparer

Firm
Maloney Novotny LLC
Address
1111 SUPERIOR AVENUE SUITE 700, CLEVELAND, OH 44114
Preparer
Christopher B Anderson
Phone
2163630100
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:usa swimming regis. Fee total fees:15500

Form 990 Part IX Line 11G

Description:entry fees expense total fees:16415

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IRS990/OtherExpensesGrp/Desc1TEAM SHIRTS & CAPS
IRS990/OtherExpensesGrp/Desc2SWIM EQUIPMENT
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0750
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220543
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0INVIT.SWIM MEET
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt032424
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017410
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