Civic Intelligence

Quicksilver Swimming

990 • Fiscal year 2023 • EIN 45-3142323

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 02, 2024

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

67th percentile

0.19x

Higher debt load relative to assets than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

58th percentile

8.0%

Higher net margin than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

77th percentile

$127,467

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

81st percentile

28%

Faster asset growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

10%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,276,135

Up $277,417 (+28%) from 2022

Net Assets

Up

$1,031,064

Up $179,932 (+21%) from 2022

Liabilities

Up

$245,071

Up $97,485 (+66%) from 2022

Revenue

Up

$2,639,118

Up $244,077 (+10%) from 2022

Expenses

Up

$2,428,954

Up $132,223 (+5.8%) from 2022

Net Income

Up

$210,164

Up $111,854 (+114%) from 2022

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

2023

Assets$1,276,135
Liabilities$245,071
Net Assets$1,031,064

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

2023

Revenue$2,639,118
Expenses$2,428,954
Net Income$210,164
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 2, 2024
Return Version
2023v5.0
Gross Receipts
$3,003,256
Mission and Program Overview

Mission

USA Swimming and US Masters Swimming team organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$800,250$914,741▲ $114,491
Accounts Receivable$162,782$325,708▲ $162,926
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$998,718$1,276,135▲ $277,417
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$132,593$124,901▼ $7,692
Accounts Payable and Accrued Expenses$10,010$114,369▲ $104,359
Other Liabilities$4,983$5,801▲ $818
Total Liabilities$147,586$245,071▲ $97,485
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$851,132$1,031,064▲ $179,932
Total Net Assets Fund Balance$851,132$1,031,064▲ $179,932
Total Liabilities and Net Assets / Fund Balance$998,718$1,276,135▲ $277,417

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Andrew R JohnsonCDOFT$127,467$127,467
Carrie Miller MoxCFOFT$119,711$119,711
Andre Salles-cunhaCEO/head CoachFT$112,558$112,558
Olivia WeaverCOOFT$97,290$97,290

Board Members and Trustees

NameTitle
Anthony JonesChairman
Rebecca UnruhDirector
Ryan MurphyDirector
Andrew JohnsonCDO
Revenue and Support

Revenue Composition

Contributions and Grants
$205,165
Program Service Revenue
$2,392,941
Investment Income
$30,232
Other Revenue
$10,780
All Other Contributions
$205,165
Change in Net Assets
$210,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,514,534
Other Expenses$914,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$841,695--$841,695
Occupancy$525,578--$525,578
Current Officers, Directors, Trustees, and Key Employees$457,026--$457,026
Payroll Taxes$127,301--$127,301
Other Employee Benefits$88,512--$88,512
All Other Expenses$68,272--$68,272
Fees for Services Accounting$61,039--$61,039
Travel$57,318--$57,318
Other Expenses$26,352--$26,352
Insurance$5,510--$5,510
Advertising$1,743--$1,743
Fees for Services Legal$200--$200
Office Expenses$75--$75
Total Functional Expenses$2,428,954$0$0$2,428,954
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$374,918
Fundraising Direct Expenses$364,138
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Swim Meets$319,056$319,056$326,048$-6,992
Team Gear Sales and Other$55,862$55,862$38,090$17,772
Total Events$374,918$374,918$364,138$10,780
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$5,801
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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, Section B, Line 11B

Reviewed by board prior to filing

Form 990, Part VI, Section C, Line 18

Available upon request and at www.guidestar.org

Form 990, Part VI, Section C, Line 19

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
CEO/Head Coach
Signed
2024-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andre Salles-cunha
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
3
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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IRS990/ProgramServiceRevenueGrp/Desc1SUBCONTRACTED POOL USAGE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02312524
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt180417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02312524
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt180417
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0162267
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0750643
IRS990/PYOtherRevenueAmt071986
IRS990/PYProgramServiceRevenueAmt02160788
IRS990/PYRevenuesLessExpensesAmt098310
IRS990/PYSalariesCompEmpBnftPaidAmt01546088
IRS990/PYTotalExpensesAmt02296731
IRS990/PYTotalRevenueAmt02395041
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0210164
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02598106
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02323055
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02348297
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01275816
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01151941
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09697215
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt030232
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt030232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0149906
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0115965
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0172446
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0144846
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0593943
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt030232
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt030232
IRS990ScheduleA/InvestmentIncomeCYPct00.00290
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99710
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt010291158
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02608886
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02472961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02464262
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01448262
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01296787
IRS990ScheduleA/Total509Grp/TotalAmt010291158
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02639118
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02472961
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02464262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01448262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01296787
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010321390
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt035686
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt035686
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035686
IRS990ScheduleD/TotalLiabilityAmt05801
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0364138
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SWIM MEETS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TEAM GEAR SALES AND OTHER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0319056
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt055862
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0374918
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0319056
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt055862
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0374918
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt010780
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0364138
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0326048
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt038090
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY BOARD PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST AND AT WWW.GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0998718
IRS990/TotalAssetsEOYAmt01276135
IRS990/TotalAssetsGrp/BOYAmt0998718
IRS990/TotalAssetsGrp/EOYAmt01276135
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0205165
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02428954
IRS990/TotalFunctionalExpensesGrp/TotalAmt02428954
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0147586
IRS990/TotalLiabilitiesEOYAmt0245071
IRS990/TotalLiabilitiesGrp/BOYAmt0147586
IRS990/TotalLiabilitiesGrp/EOYAmt0245071
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0851132
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01031064

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