Civic Intelligence

Poseidon Swimming Inc.

990 • Fiscal year 2017 • EIN 54-1509037

Sep 01, 2016 to Aug 31, 2017 • Filed on Jan 29, 2018

10800 Center View DriveRichmond, VA 23235

(804) 447-2487

Siviq Scores

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

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

100th percentile

7091%

Faster asset growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

17th percentile

-13%

Faster revenue growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$97,583

Up $96,226 (+7091%) from 2016

Net Assets

Up

$93,158

Up $107,963 (+729%) from 2016

Liabilities

Down

$4,425

Down $11,737 (-73%) from 2016

Revenue

Down

$1,024,152

Down $154,741 (-13%) from 2016

Expenses

Down

$916,189

Down $250,189 (-21%) from 2016

Net Income

Up

$107,963

Up $95,448 (+763%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $106,408Liabilities 2010: $77,552Net Assets 2010: $28,8562010Assets 2011: $18,828Liabilities 2011: $5,327Net Assets 2011: $13,5012011Assets 2012: $473,238Liabilities 2012: $306,028Net Assets 2012: $167,2102012Assets 2013: $468,552Liabilities 2013: $212,777Net Assets 2013: $255,7752013Assets 2015: $1,643Liabilities 2015: $28,963Net Assets 2015: -$27,3202015Assets 2016: $1,357Liabilities 2016: $16,162Net Assets 2016: -$14,8052016Assets 2017: $97,583Liabilities 2017: $4,425Net Assets 2017: $93,1582017Assets 2018: $63,676Liabilities 2018: $8,368Net Assets 2018: $55,3082018Assets 2019: $123,806Liabilities 2019: $8,950Net Assets 2019: $114,8562019Assets 2020: $213,031Liabilities 2020: $44,191Net Assets 2020: $168,8402020Assets 2021: $307,331Liabilities 2021: $86,469Net Assets 2021: $220,8622021Assets 2022: $266,123Liabilities 2022: $42,933Net Assets 2022: $223,1902022Assets 2023: $261,605Liabilities 2023: $61,447Net Assets 2023: $200,1582023Assets 2024: $270,233Liabilities 2024: $51,607Net Assets 2024: $218,6262024Assets 2025: $337,616Liabilities 2025: $54,598Net Assets 2025: $283,0182025

Highlighted filing

2017

Assets$97,583
Liabilities$4,425
Net Assets$93,158

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $646,2472010Expenses 2011: $659,4582011Expenses 2012: $694,3792012Expenses 2013: $1,101,1862013Revenue 2015: $1,272,912Expenses 2015: $1,317,648Net Income 2015: -$44,7362015Revenue 2016: $1,178,893Expenses 2016: $1,166,378Net Income 2016: $12,5152016Revenue 2017: $1,024,152Expenses 2017: $916,189Net Income 2017: $107,9632017Revenue 2018: $716,805Expenses 2018: $754,655Net Income 2018: -$37,8502018Revenue 2019: $686,562Expenses 2019: $696,235Net Income 2019: -$9,6732019Revenue 2020: $550,599Expenses 2020: $496,615Net Income 2020: $53,9842020Revenue 2021: $620,111Expenses 2021: $568,089Net Income 2021: $52,0222021Revenue 2022: $612,782Expenses 2022: $610,454Net Income 2022: $2,3282022Revenue 2023: $696,962Expenses 2023: $719,994Net Income 2023: -$23,0322023Revenue 2024: $752,978Expenses 2024: $734,510Net Income 2024: $18,4682024Revenue 2025: $800,367Expenses 2025: $735,975Net Income 2025: $64,3922025

Highlighted filing

2017

Revenue$1,024,152
Expenses$916,189
Net Income$107,963
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jan 29, 2018
Return Version
2016v3.0
Gross Receipts
$1,073,141
Mission and Program Overview

Mission

To train, develop and motivate swimmers in the pursuit of individual excellence in a team oriented environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$96,512-
Land, Buildings, and Equipment, Net$1,357$1,071▼ $286
Total Assets$1,357$97,583▲ $96,226
Liabilities
Other Liabilities$16,162$4,425▼ $11,737
Total Liabilities$16,162$4,425▼ $11,737
Net Assets / Fund Balance
Unrestricted Net Assets$-40,463$66,500▲ $106,963
Temporarily Rstr Net Assets$25,658$26,658▲ $1,000
Total Net Assets Fund Balance$-14,805$93,158▲ $107,963
Total Liabilities and Net Assets / Fund Balance$1,357$97,583▲ $96,226

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,071$11,413$12,484
Compensation and Service Providers

Board Members and Trustees

NameTitle
James FranzPast President
Jessica BauerPresident
Prescott NicholsVice President
Ann Marie BlakeneyDirector
Leslie KnachelDirector
Noelle MacomsonDirector
Sharon DaughtryDirector
Paul GallantSecretary
Michael YunkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$717,548
Program Service Revenue
$280,092
Investment Income
$11,824
Other Revenue
$14,688
All Other Contributions
$16,561
Change in Net Assets
$107,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$595,369
Salaries, Compensation, and Employee Benefits$320,820
Total Fundraising Expense$765
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$263,880--$263,880
Other Salaries and Wages$243,245$11,050-$254,295
Other Employee Benefits$42,220--$42,220
Travel$40,499--$40,499
All Other Expenses$17,134$6,969-$24,103
Payroll Taxes$20,498--$20,498
Other Expenses$17,308--$17,308
Pension Plan Contributions$3,807--$3,807
Advertising--$765$765
Insurance$595--$595
Depreciation Depletion$286--$286
Total Functional Expenses$897,405$18,019$765$916,189
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$63,677
Fundraising Direct Expenses$48,989
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gift Cards$51,498$51,498$42,625$8,873
Swim-a-thon$6,873$6,873$5,874$999
Total Events$63,677$63,677$48,989$14,688
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll liabilities$4,425
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 B, line 11B

The form 990 or form 990-EZ, as applicable, is made available for review by the full board electronically prior to filing. It is discussed at the board meeting closest to the completion and filing date.

Form 990, Part VI, Section C, line 19

All governing documents and forms 990 are available upon request to the organizations office during normal business hours. In addition, all information is posted at Guidestar.org.

Filing and Contact Details

Filer

Filer Name
Poseidon Swimming Inc
EIN
54-1509037
Phone
8044472487
Address
10800 Center View Drive, Richmond, VA 23235

Signing Officer

Name
Michael Yunker
Title
Treasurer
Phone
8044472487
Signed
2018-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Yunker
Formed
1992
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
15
Volunteers
550

Preparer

Firm
Pilc & Moseley LLC
Address
4312 Grove Avenue, Richmond, VA 23221
Preparer
Ellen A Moseley CPA
Phone
8049188490
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

Volunteers are family and friends of swimmers and help as needed at swim events. They may serve as officials, ticket takers, ushers, etc. as needed. No benefits are provided to volunteers.

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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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0582349
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0785701
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01315876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03387824
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt028
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0479
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt06128621
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0997640
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01089827
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01247166
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01434793
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01359195
IRS990ScheduleA/Total509Grp/TotalAmt06128621
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0997668
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01089847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01247213
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01434951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01359421
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06129100
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01071
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011413
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012484
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01071
IRS990ScheduleD/TotalLiabilityAmt04425
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt048989
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gift Cards
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Swim-a-thon
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt051498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06873
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt05306
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt063677
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt051498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06873
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt05306
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt063677
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014688
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0490
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt048989
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt042625
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05874
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Volunteers are family and friends of swimmers and help as needed at swim events. They may serve as officials, ticket takers, ushers, etc. as needed. No benefits are provided to volunteers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The form 990 or form 990-EZ, as applicable, is made available for review by the full board electronically prior to filing. It is discussed at the board meeting closest to the completion and filing date.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All governing documents and forms 990 are available upon request to the organizations office during normal business hours. In addition, all information is posted at Guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SwimRVA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0274185518
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Pool
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02001 Maywill Street No 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Richmond
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd023230
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0237740
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt19299
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SwimRVA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1SwimRVA
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt025658
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt026658
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01357

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.34$0.05$0.28$0.80$0.74$0.06
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.05$0.22$0.75$0.73$0.02
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.06$0.20$0.70$0.72$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.04$0.22$0.61$0.61$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.09$0.22$0.62$0.57$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.04$0.17$0.55$0.50$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.01$0.11$0.69$0.70$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.01$0.06$0.72$0.75$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.09$1.02$0.92$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.02$0.01$1.18$1.17$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.03$0.03$1.27$1.32$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.21$0.26$1.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.31$0.17$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.01$0.01$0.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.08$0.03$0.65