Civic Intelligence

Naval Academy Junior Swim Club Inc

EIN 52-1473227 • 501(c)3 • Annapolis, MD

Profile

The naval academy aquatic club is a competitive organization that inspires and empowers athletes to achieve excellence in swimming, water polo, and in life.

821 Chesapeake Ave Unit 4871Annapolis, MD 21403

www.naac.ws

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.39x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.39x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

61st percentile

10%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$1,194,468

Up $127,732 (+12%) from 2023

Liabilities

Up

$465,116

Up $11,903 (+2.6%) from 2023

Net Assets

Up

$729,352

Up $115,829 (+19%) from 2023

Operations
Liabilities / Revenue78th percentileNet Margin61st percentile

Revenue

Up

$1,183,237

Up $129,876 (+12%) from 2023

Expenses

Up

$1,063,144

Up $127,108 (+14%) from 2023

Net Income

Up

$120,093

Up $2,768 (+2.4%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $388,766Liabilities 2011: $265,426Net Assets 2011: $123,3402011Assets 2012: $382,353Liabilities 2012: $214,107Net Assets 2012: $168,2462012Assets 2013: $493,708Liabilities 2013: $351,757Net Assets 2013: $141,9512013Assets 2014: $505,340Liabilities 2014: $294,482Net Assets 2014: $210,8582014Assets 2015: $653,012Liabilities 2015: $347,843Net Assets 2015: $305,1692015Assets 2016: $709,887Liabilities 2016: $375,797Net Assets 2016: $334,0902016Assets 2017: $781,623Liabilities 2017: $409,766Net Assets 2017: $371,8572017Assets 2018: $965,328Liabilities 2018: $463,475Net Assets 2018: $501,8532018Assets 2019: $1,055,512Liabilities 2019: $475,579Net Assets 2019: $579,9332019Assets 2020: $677,637Liabilities 2020: $129,714Net Assets 2020: $547,9232020Assets 2021: $980,474Liabilities 2021: $583,831Net Assets 2021: $396,6432021Assets 2022: $1,029,000Liabilities 2022: $517,477Net Assets 2022: $511,5232022Assets 2023: $1,066,736Liabilities 2023: $453,213Net Assets 2023: $613,5232023Assets 2024: $1,194,468Liabilities 2024: $465,116Net Assets 2024: $729,3522024

Highlighted filing

2024

Assets$1,194,468
Liabilities$465,116
Net Assets$729,352
Open 2024 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $614,245Expenses 2011: $492,762Net Income 2011: $121,4832011Revenue 2012: $561,061Expenses 2012: $530,999Net Income 2012: $30,0622012Revenue 2013: $564,113Expenses 2013: $590,408Net Income 2013: -$26,2952013Revenue 2014: $559,986Expenses 2014: $491,232Net Income 2014: $68,7542014Revenue 2015: $780,146Expenses 2015: $685,835Net Income 2015: $94,3112015Revenue 2016: $748,390Expenses 2016: $719,469Net Income 2016: $28,9212016Revenue 2017: $792,101Expenses 2017: $755,073Net Income 2017: $37,0282017Revenue 2018: $1,004,936Expenses 2018: $874,992Net Income 2018: $129,9442018Revenue 2019: $987,713Expenses 2019: $909,633Net Income 2019: $78,0802019Revenue 2020: $771,555Expenses 2020: $803,740Net Income 2020: -$32,1852020Revenue 2021: $465,260Expenses 2021: $616,540Net Income 2021: -$151,2802021Revenue 2022: $883,345Expenses 2022: $868,231Net Income 2022: $15,1142022Revenue 2023: $1,053,361Expenses 2023: $936,036Net Income 2023: $117,3252023Revenue 2024: $1,183,237Expenses 2024: $1,063,144Net Income 2024: $120,0932024

Highlighted filing

2024

Revenue$1,183,237
Expenses$1,063,144
Net Income$120,093
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,194,468
Liabilities
$465,116
Net assets
$729,352
Revenue
$1,183,237
Expenses
$1,063,144
Net income
$120,093
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.47$0.73$1.18$1.06$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.45$0.61$1.05$0.94$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.52$0.51$0.88$0.87$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.58$0.40$0.47$0.62$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.13$0.55$0.77$0.80$0.03
2019Summary only. Only limited summary data is available for this year.$1.06$0.48$0.58$0.99$0.91$0.08
2018Summary only. Only limited summary data is available for this year.$0.97$0.46$0.50$1.00$0.87$0.13
2017Summary only. Only limited summary data is available for this year.$0.78$0.41$0.37$0.79$0.76$0.04
2016Summary only. Only limited summary data is available for this year.$0.71$0.38$0.33$0.75$0.72$0.03
2015Summary only. Only limited summary data is available for this year.$0.65$0.35$0.31$0.78$0.69$0.09
2014Summary only. Only limited summary data is available for this year.$0.51$0.29$0.21$0.56$0.49$0.07
2013Summary only. Only limited summary data is available for this year.$0.49$0.35$0.14$0.56$0.59$0.03
2012Summary only. Only limited summary data is available for this year.$0.38$0.21$0.17$0.56$0.53$0.03
2011Summary only. Only limited summary data is available for this year.$0.39$0.27$0.12$0.61$0.49$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 7, 2024
Return Version
2023v6.0
Gross Receipts
$1,183,237
Mission and Program Overview

Mission

The naval academy aquatic club is a competitive organization that inspires and empowers athletes to achieve excellence in swimming, water polo, and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$728,085$782,793▲ $54,708
Cash and Non-Interest-Bearing Accounts$327,717$406,723▲ $79,006
Prepaid Expenses and Deferred Charges$4,150--
Accounts Receivable$437$2,533▲ $2,096
Inventories for Sale or Use$6,347$2,419▼ $3,928
Total Assets$1,066,736$1,194,468▲ $127,732
Liabilities
Other Liabilities$420,486$458,520▲ $38,034
Deferred Revenue$22,298--
Accounts Payable and Accrued Expenses$10,429$6,596▼ $3,833
Total Liabilities$453,213$465,116▲ $11,903
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$613,523$729,352▲ $115,829
Total Net Assets Fund Balance$613,523$729,352▲ $115,829
Total Liabilities and Net Assets / Fund Balance$1,066,736$1,194,468▲ $127,732
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Amanda WalkerPresident
Judi FinklerFinancial of
Anna SoltisMember at La
Kelli JonesMember at La
Lindsey SantiagoNaval Academ
Jon VermerrisSecretary
Oxana OlyashevskyTreasurer
Julie ZimmerVice Preside
Ellen McinerneyWater Polo M
Kevin DarbyWater Polo M
Lauren CrumWater Polo P
Meghan SabatWater Polo S
Lisa EliasWater Polo T
Laci BealWater Polo V
Revenue and Support

Revenue Composition

Contributions and Grants
$710,576
Program Service Revenue
$464,405
Investment Income
$8,256
Other Revenue
$0
All Other Contributions
$40,730
Change in Net Assets
$120,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$562,362
Salaries, Compensation, and Employee Benefits$500,782
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$463,125--$463,125
Travel$77,015--$77,015
All Other Expenses$67,912--$67,912
Payroll Taxes$37,657--$37,657
Other Expenses$30,978--$30,978
Fees for Services Accounting$9,401--$9,401
Office Expenses$630--$630
Insurance$620--$620
Total Functional Expenses$1,063,144$0$0$1,063,144
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Registration Fees$379,360
Ppp Loan$63,165
Work Session Deposit Liability$21,600
Payroll Tax Liability$5,079
Unrealized Gain/loss on Investment$-10,684
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“Yes. Governed by the by-laws.”

Form 990, Page 6, Part VI, Line 7B

“Yes. Governed by the by-laws.”

Form 990, Page 6, Part VI, Line 11B

“The draft return is reviewed by the treasurer. Intial questions and issues are handled by the treasurer and the cpa preparing the form 990. Once the treasurer and cpa are in agreement, the form 990 is provided to the members of the governing body for review and concurrence. Once concurrence is accomplished the cpa will finalize the form 990 and produce it for signature and submission to the irs by the treasurer.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Naval Academy Junior Swim Club Inc
EIN
52-1473227
Phone
4108593033
Address
821 CHESAPEAKE AVE UNIT 4871, ANNAPOLIS, MD 21403

Signing Officer

Name
Oxana Olyashevsky
Title
Treasurer
Phone
4437426358
Signed
2024-07-07

Organization Details

Principal Officer
Amanda Walker
Formed
1986
Legal Domicile
Md
Voting Board Members
14
Independent Board Members
14
Employees
28
Volunteers
300

Preparer

Firm
Rcn & Associates LLC
Address
3161 SOLOMONS ISLAND RD UNIT 1, EDGEWATER, MD 21037
Preparer
Joseph T Hill Jr CPA
Phone
4109566002
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The naval academy aquatic club offers year-round training for roughly 300 boys and girls ages five through eighteen. The club is staffed by numerous, very experienced professional coaches and uses the expansive and modern aquatic facilities of the united states naval academy, which is located in annapolis maryland. Naac's overriding goal is to have each member reach his or her athletic potential while learning such life skills as dedication, teamwork, and sportsmanship. Both the swim team and the water polo team are organized into progressive training groups that provide instruction and conditioning appropriate to each athlete's age and skill level. Naac's activities are funded primarily by membership dues and program fees.”

Form 990, Part XI, Line 9

“Net change of unrealized investment -4,264”

Raw XML Appendix395 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0WATER POLO M
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt2WATER POLO M
IRS990/Form990PartVIISectionAGrp/TitleTxt3NAVAL ACADEM
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt5WATER POLO V
IRS990/Form990PartVIISectionAGrp/TitleTxt6WATER POLO P
IRS990/Form990PartVIISectionAGrp/TitleTxt7WATER POLO T
IRS990/Form990PartVIISectionAGrp/TitleTxt8FINANCIAL OF
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10WATER POLO S
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDE
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IRS990/OtherExpensesGrp/Desc2SWIM SESSIONS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217705
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217705
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE NAVAL ACADEMY AQUATIC CLUB OFFERS YEAR-ROUND TRAINING FOR ROUGHLY 300 BOYS AND GIRLS AGES FIVE THROUGH EIGHTEEN. THE CLUB IS STAFFED BY NUMEROUS, VERY EXPERIENCED PROFESSIONAL COACHES AND USES THE EXPANSIVE AND MODERN AQUATIC FACILITIES OF THE UNITED STATES NAVAL ACADEMY, WHICH IS LOCATED IN ANNAPOLIS MARYLAND. NAAC'S OVERRIDING GOAL IS TO HAVE EACH MEMBER REACH HIS OR HER ATHLETIC POTENTIAL WHILE LEARNING SUCH LIFE SKILLS AS DEDICATION, TEAMWORK, AND SPORTSMANSHIP. BOTH THE SWIM TEAM AND THE WATER POLO TEAM ARE ORGANIZED INTO PROGRESSIVE TRAINING GROUPS THAT PROVIDE INSTRUCTION AND CONDITIONING APPROPRIATE TO EACH ATHLETE'S AGE AND SKILL LEVEL. NAAC'S ACTIVITIES ARE FUNDED PRIMARILY BY MEMBERSHIP DUES AND PROGRAM FEES.
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0782793
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0648413
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0530365
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0339569
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0649439
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0352980
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0125691
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0122116
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0465260
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0771555
IRS990ScheduleA/Total509Grp/TotalAmt04356758
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2WORK SESSION DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL TAX LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4UNREALIZED GAIN/LOSS ON INVESTMENT
IRS990ScheduleD/TotalLiabilityAmt0458520
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NAVAL ACADEMY AQUATIC CLUB OFFERS YEAR-ROUND TRAINING FOR ROUGHLY 300 BOYS AND GIRLS AGES FIVE THROUGH EIGHTEEN. THE CLUB IS STAFFED BY NUMEROUS, VERY EXPERIENCED PROFESSIONAL COACHES AND USES THE EXPANSIVE AND MODERN AQUATIC FACILITIES OF THE UNITED STATES NAVAL ACADEMY, WHICH IS LOCATED IN ANNAPOLIS MARYLAND. NAAC'S OVERRIDING GOAL IS TO HAVE EACH MEMBER REACH HIS OR HER ATHLETIC POTENTIAL WHILE LEARNING SUCH LIFE SKILLS AS DEDICATION, TEAMWORK, AND SPORTSMANSHIP. BOTH THE SWIM TEAM AND THE WATER POLO TEAM ARE ORGANIZED INTO PROGRESSIVE TRAINING GROUPS THAT PROVIDE INSTRUCTION AND CONDITIONING APPROPRIATE TO EACH ATHLETE'S AGE AND SKILL LEVEL. NAAC'S ACTIVITIES ARE FUNDED PRIMARILY BY MEMBERSHIP DUES AND PROGRAM FEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES. GOVERNED BY THE BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES. GOVERNED BY THE BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DRAFT RETURN IS REVIEWED BY THE TREASURER. INTIAL QUESTIONS AND ISSUES ARE HANDLED BY THE TREASURER AND THE CPA PREPARING THE FORM 990. ONCE THE TREASURER AND CPA ARE IN AGREEMENT, THE FORM 990 IS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY FOR REVIEW AND CONCURRENCE. ONCE CONCURRENCE IS ACCOMPLISHED THE CPA WILL FINALIZE THE FORM 990 AND PRODUCE IT FOR SIGNATURE AND SUBMISSION TO THE IRS BY THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NET CHANGE OF UNREALIZED INVESTMENT -4,264
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0729352
IRS990/TotalOtherProgSrvcExpenseAmt01063144
IRS990/TotalProgramServiceExpensesAmt01063144
IRS990/TotalProgramServiceRevenueAmt0464405
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01183237
IRS990/TotalVolunteersCnt0300
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IRS990/TravelGrp/ProgramServicesAmt077015
IRS990/TravelGrp/TotalAmt077015
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01721 URBY DRIVE
IRS990/USAddress/CityNm0CROFTON
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021114
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.NAAC.WS
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0OXANA OLYASHEVSKY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04437426358
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NAVAL ACADEMY JUNIOR SWIM CLUB INC
ReturnHeader/Filer/BusinessNameControlTxt0NAVA
ReturnHeader/Filer/EIN0521473227
ReturnHeader/Filer/PhoneNum04108593033
ReturnHeader/Filer/USAddress/AddressLine1Txt0821 CHESAPEAKE AVE UNIT 4871
ReturnHeader/Filer/USAddress/CityNm0ANNAPOLIS
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813507777
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RCN & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03161 SOLOMONS ISLAND RD UNIT 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDGEWATER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021037
ReturnHeader/PreparerPersonGrp/PhoneNum04109566002
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH T HILL JR CPA
ReturnHeader/ReturnTs02025-07-13T21:39:07-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-09-01
ReturnHeader/TaxPeriodEndDt02024-08-31
ReturnHeader/TaxYr02023

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