Civic Intelligence

Quicksilver Swimming

990 • Fiscal year 2018 • EIN 45-3142323

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 05, 2019

PO Box 36205San Jose, CA 95158

(408) 227-5884

Siviq Scores

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

Liabilities / Assets

75th percentile

0.38x

Higher debt load relative to assets than 75% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.12x

Higher debt load relative to revenue than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

38th percentile

-0.3%

Higher net margin than 38% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$100,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

26th percentile

-4.2%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

0.4%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$413,914

Down $18,269 (-4.2%) from 2017

Net Assets

Up

$258,429

Up $6,391 (+2.5%) from 2017

Liabilities

Down

$155,485

Down $24,660 (-14%) from 2017

Revenue

Up

$1,248,821

Up $5,056 (+0.4%) from 2017

Expenses

Down

$1,253,183

Down $56,424 (-4.3%) from 2017

Net Income

Up

-$4,362

Up $61,480 (+93%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $33,961Liabilities 2012: $0Net Assets 2012: $33,9612012Assets 2013: $159,575Liabilities 2013: $18,539Net Assets 2013: $141,0362013Assets 2014: $194,630Liabilities 2014: $0Net Assets 2014: $194,6302014Assets 2015: $324,015Liabilities 2015: $9,244Net Assets 2015: $314,7712015Assets 2016: $478,341Liabilities 2016: $149,380Net Assets 2016: $328,9612016Assets 2017: $432,183Liabilities 2017: $180,145Net Assets 2017: $252,0382017Assets 2018: $413,914Liabilities 2018: $155,485Net Assets 2018: $258,4292018Assets 2019: $519,326Liabilities 2019: $108,081Net Assets 2019: $411,2452019Assets 2020: $741,104Liabilities 2020: $319,101Net Assets 2020: $422,0032020Assets 2021: $1,081,196Liabilities 2021: $328,374Net Assets 2021: $752,8222021Assets 2022: $998,718Liabilities 2022: $147,586Net Assets 2022: $851,1322022Assets 2023: $1,276,135Liabilities 2023: $245,071Net Assets 2023: $1,031,0642023Assets 2024: $1,157,904Liabilities 2024: $130,419Net Assets 2024: $1,027,4852024

Highlighted filing

2018

Assets$413,914
Liabilities$155,485
Net Assets$258,429

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $339,424Expenses 2012: $305,463Net Income 2012: $33,9612012Revenue 2013: $1,000,120Expenses 2013: $949,288Net Income 2013: $50,8322013Revenue 2014: $1,025,679Expenses 2014: $972,085Net Income 2014: $53,5942014Revenue 2015: $1,174,726Expenses 2015: $1,054,585Net Income 2015: $120,1412015Revenue 2016: $1,251,675Expenses 2016: $1,237,485Net Income 2016: $14,1902016Revenue 2017: $1,243,765Expenses 2017: $1,309,607Net Income 2017: -$65,8422017Revenue 2018: $1,248,821Expenses 2018: $1,253,183Net Income 2018: -$4,3622018Revenue 2019: $1,376,008Expenses 2019: $1,249,153Net Income 2019: $126,8552019Revenue 2020: $1,261,385Expenses 2020: $1,217,412Net Income 2020: $43,9732020Revenue 2021: $2,092,122Expenses 2021: $1,761,303Net Income 2021: $330,8192021Revenue 2022: $2,395,041Expenses 2022: $2,296,731Net Income 2022: $98,3102022Revenue 2023: $2,639,118Expenses 2023: $2,428,954Net Income 2023: $210,1642023Revenue 2024: $2,525,859Expenses 2024: $2,633,872Net Income 2024: -$108,0132024

Highlighted filing

2018

Revenue$1,248,821
Expenses$1,253,183
Net Income-$4,362
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 5, 2019
Return Version
2018v3.1
Gross Receipts
$1,297,355
Mission and Program Overview

Mission

USA Swimming and US Masters Swimming team organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$319,076$314,842▼ $4,234
Accounts Receivable$77,421$63,386▼ $14,035
Land, Buildings, and Equipment, Net$35,686$35,686→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$432,183$413,914▼ $18,269
Other Assets Total-$0-
Liabilities
Deferred Revenue$119,666$115,374▼ $4,292
Accounts Payable and Accrued Expenses$57,122$36,050▼ $21,072
Other Liabilities$3,357$4,061▲ $704
Total Liabilities$180,145$155,485▼ $24,660
Net Assets / Fund Balance
Unrestricted Net Assets$252,038$258,429▲ $6,391
Total Net Assets Fund Balance$252,038$258,429▲ $6,391
Total Liabilities and Net Assets / Fund Balance$432,183$413,914▼ $18,269

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,686--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andre Salles-cunhaHead CoachFT$100,000$100,000

Board Members and Trustees

NameTitle
Megan BlitzerPresident
Jason SmithVice President
Robert BogartSecretary
Bob WhiteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,433
Program Service Revenue
$1,159,201
Investment Income
$0
Other Revenue
$86,187
All Other Contributions
$3,433
Change in Net Assets
$-4,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$685,298
Other Expenses$567,885
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$529,776--$529,776
Occupancy$331,791--$331,791
Current Officers, Directors, Trustees, and Key Employees$100,000--$100,000
Travel$95,605--$95,605
Payroll Taxes$51,484--$51,484
All Other Expenses$22,515--$22,515
Other Expenses$13,413--$13,413
Fees for Services Accounting$7,791--$7,791
Other Employee Benefits$4,038--$4,038
Advertising$1,845--$1,845
Fees for Services Legal$1,130--$1,130
Total Functional Expenses$1,253,183$0$0$1,253,183
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$134,721
Fundraising Direct Expenses$48,534
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hosted Swim Meets$87,886$87,886$32,184$55,702
Team Gear Sales and Other$46,835$46,835$16,350$30,485
Total Events$134,721$134,721$48,534$86,187
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$4,061
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Reviewed by board prior to filing

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Available upon request and at www.guidestar.org

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Quicksilver Swimming
EIN
45-3142323
Phone
4082275884
Address
PO BOX 36205, SAN JOSE, CA 95158

Signing Officer

Name
Andre Salles-cunha
Title
Head Coach
Signed
2019-03-05
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
29
Volunteers
20

Preparer

Firm
Nichols Rick & Company
Address
16360 Monterey Road Suite 170, Morgan Hill, CA 95037
Preparer
John S Rick
Phone
4087793313
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY BOARD PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST AND AT WWW.GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
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IRS990/USAddress/AddressLine1Txt0PO BOX 36205
IRS990/USAddress/CityNm0SAN JOSE
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IRS990/WebsiteAddressTxt0www.quicksilverswimming.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

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