Civic Intelligence

Shaker Sharks Swimming Team

990 • Fiscal year 2018 • EIN 45-2067664

Aug 01, 2017 to Jul 31, 2018 • Filed on Dec 17, 2018

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

57th 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

56th 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

48th percentile

2.3%

Higher net margin than 48% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$53,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 24.9% of source-year revenue.

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

Asset Growth

52nd percentile

2.5%

Faster asset growth than 52% of similar nonprofits.

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

Revenue Growth

27th percentile

-17%

Faster revenue growth than 27% of similar nonprofits.

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

Assets

Up

$94,197

Up $2,327 (+2.5%) from 2017

Net Assets

Up

$94,197

Up $5,166 (+5.8%) from 2017

Liabilities

Down

$0

Down $2,839 (-100%) from 2017

Revenue

Down

$213,224

Down $43,320 (-17%) from 2017

Expenses

Down

$208,401

Down $10,681 (-4.9%) from 2017

Net Income

Down

$4,823

Down $32,639 (-87%) from 2017

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

2018

Assets$94,197
Liabilities$0
Net Assets$94,197

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

2018

Revenue$213,224
Expenses$208,401
Net Income$4,823
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Dec 17, 2018
Return Version
2017v2.3
Gross Receipts
$242,747
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
Savings and Temporary Cash Investments$87,663$72,763▼ $14,900
Cash and Non-Interest-Bearing Accounts$1,145$19,995▲ $18,850
Accounts Receivable$3,062$1,439▼ $1,623
Total Assets$91,870$94,197▲ $2,327
Liabilities
Accounts Payable and Accrued Expenses$2,839$0▼ $2,839
Total Liabilities$2,839$0▼ $2,839
Net Assets / Fund Balance
Unrestricted Net Assets$88,888$94,197▲ $5,309
Temporarily Rstr Net Assets$143$0▼ $143
Total Net Assets Fund Balance$89,031$94,197▲ $5,166
Total Liabilities and Net Assets / Fund Balance$91,870$94,197▲ $2,327
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eric PetersonExecutive DirectorFT$53,000$53,000

Board Members and Trustees

NameTitle
Elyse GustafsonPresident
Dave MiklosMember
Shelley AsselMember
Jennifer KuhelSecretary
Jennifer BoppleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,845
Program Service Revenue
$188,602
Investment Income
$56
Other Revenue
$18,721
All Other Contributions
$5,000
Change in Net Assets
$4,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$131,817
Other Expenses$76,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$63,799--$63,799
Current Officers, Directors, Trustees, and Key Employees$51,920$7,080-$59,000
Fees for Services Other$35,422--$35,422
All Other Expenses$11,183--$11,183
Payroll Taxes$8,498$520-$9,018
Occupancy$5,000--$5,000
Office Expenses$4,345--$4,345
Travel$1,561--$1,561
Other Expenses$1,395--$1,395
Insurance$949--$949
Conferences and Meetings$776--$776
Fees for Services Accounting$620--$620
Advertising$250--$250
Total Functional Expenses$200,801$7,600$0$208,401
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$48,194
Fundraising Direct Expenses$29,523
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Invit.swim Meet$31,778$30,933$14,983$15,950
Swim Fundrais.$17,261$17,261$3,322$13,939
Total Events$49,039$48,194$29,523$18,671
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
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, Part VI, Section A, Line 8B

Minutes of committees - the board has no operating committees, and as such, there are no minutes from committee meetings.

Form 990, Part VI, Section B, Line 11B

Review of form 990 - 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.

Form 990, Part VI, Section B, Line 12C

Monitoring and enforcement of conflict policy - 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 of the facts and circumstances presented and consider whether the transaction is in the best interests of the organization.

Form 990, Part VI, Section C, Line 19

Availability of documents - 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
Phone
2162954163
Address
PO BOX 201009, SHAKER HEIGHTS, OH 44120

Signing Officer

Name
Eric Peterson
Title
Executive Director
Phone
2162954163
Signed
2018-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Peterson
Formed
2011
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
5
Employees
12
Volunteers
200

Preparer

Firm
Maloney Novotny LLC
Address
1111 SUPERIOR AVE SUITE 700, CLEVELAND, OH 44114-2540
Preparer
Christopher B Anderson
Phone
2163630100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Usa swimming registration fee: program service expenses 15,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,000. Entry fees expense: program service expenses 8,329. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,329. Beginner swim lessons: program service expenses 888. Management and general expenses 0. Fundraising expenses 0. Total expenses 888. Awards signage: program service expenses 11,205. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,205.

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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt062306
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt083127
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0286468
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.79730
IRS990ScheduleA/PublicSupportPY509Pct00.80110
IRS990ScheduleA/PublicSupportTotal509Amt01127238
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0194447
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0231455
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0235673
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0228728
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0236935
IRS990ScheduleA/Total509Grp/TotalAmt01127238
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0242747
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0278503
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0281491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0291034
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0320062
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01413837
IRS990/ScheduleBRequiredInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0845
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0845
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt029523
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0INVIT.SWIM MEET
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SWIM FUNDRAIS.
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02778
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02778
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt031778
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017261
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt049039
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030933
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt017261
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt048194
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt018671
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018305
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014983
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03322
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt08440
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt08440
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES OF COMMITTEES - THE BOARD HAS NO OPERATING COMMITTEES, AND AS SUCH, THERE ARE NO MINUTES FROM COMMITTEE MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW OF FORM 990 - 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORING AND ENFORCEMENT OF CONFLICT POLICY - 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 OF THE FACTS AND CIRCUMSTANCES PRESENTED AND CONSIDER WHETHER THE TRANSACTION IS IN THE BEST INTERESTS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABILITY OF DOCUMENTS - THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, ORGANIZING DOCUMENTS, AND CONFLICT POLICY AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4USA SWIMMING REGISTRATION FEE: PROGRAM SERVICE EXPENSES 15,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,000. ENTRY FEES EXPENSE: PROGRAM SERVICE EXPENSES 8,329. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,329. BEGINNER SWIM LESSONS: PROGRAM SERVICE EXPENSES 888. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 888. AWARDS SIGNAGE: PROGRAM SERVICE EXPENSES 11,205. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,205.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0143
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt091870
IRS990/TotalAssetsEOYAmt094197
IRS990/TotalAssetsGrp/BOYAmt091870
IRS990/TotalAssetsGrp/EOYAmt094197
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05845
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07600
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0200801
IRS990/TotalFunctionalExpensesGrp/TotalAmt0208401
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02839
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt02839
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt089031
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt094197
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0200801
IRS990/TotalProgramServiceRevenueAmt0188602
IRS990/TotalReportableCompFromOrgAmt053000
IRS990/TotalRevenueGrp/ExclusionAmt018727
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0188652
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213224
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt091870
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt094197
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01561
IRS990/TravelGrp/TotalAmt01561
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt088888
IRS990/UnrestrictedNetAssetsGrp/EOYAmt094197
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 201009
IRS990/USAddress/CityNm0SHAKER HEIGHTS
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044120
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SHAKERSWIMMING.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC PETERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02162954163
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHAKER SHARKS SWIMMING TEAM
ReturnHeader/Filer/BusinessNameControlTxt0SHAK
ReturnHeader/Filer/EIN0452067664
ReturnHeader/Filer/PhoneNum02162954163
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 201009
ReturnHeader/Filer/USAddress/CityNm0SHAKER HEIGHTS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044120

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