Civic Intelligence

Fairmeadows Swim Club Inc

EIN 56-0727472 • 501(c)7 • Charlotte, NC

Profile

Low cost neighborhood swimming

PO Box 240061Charlotte, NC 28224-0061

www.fairmeadowsswim.com

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.00x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Net Margin

86th percentile

29%

Higher net margin than 86% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)7 • $500k-$1M nonprofits • Source year 2024

Asset Growth

70th percentile

9.0%

Faster asset growth than 70% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-9.9%

Faster revenue growth than 18% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$522,058

Up $42,975 (+9.0%) from 2023

Liabilities

Flat

$2,500

Flat from 2023

Net Assets

Up

$519,558

Up $42,975 (+9.0%) from 2023

Operations
Liabilities / Revenue44th percentileNet Margin86th percentile

Revenue

Down

$275,325

Down $30,405 (-9.9%) from 2023

Expenses

Up

$196,253

Up $68,352 (+53%) from 2023

Net Income

Down

$79,072

Down $98,757 (-56%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

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

$600K$400K$200K$0Assets 2011: $15,777Liabilities 2011: $02011Assets 2012: $10,160Liabilities 2012: $02012Assets 2013: $22,887Liabilities 2013: $02013Assets 2014: $59,317Liabilities 2014: $02014Assets 2015: $226,328Liabilities 2015: $128,2552015Assets 2016: $211,232Liabilities 2016: $112,8652016Assets 2017: $221,189Liabilities 2017: $99,9752017Assets 2018: $203,110Liabilities 2018: $84,5852018Assets 2019: $186,680Liabilities 2019: $69,195Net Assets 2019: $117,4852019Assets 2020: $178,389Liabilities 2020: $53,805Net Assets 2020: $124,5842020Assets 2021: $239,431Liabilities 2021: $30,720Net Assets 2021: $208,7112021Assets 2022: $265,155Liabilities 2022: $2,500Net Assets 2022: $262,6552022Assets 2023: $479,083Liabilities 2023: $2,500Net Assets 2023: $476,5832023Assets 2024: $522,058Liabilities 2024: $2,500Net Assets 2024: $519,5582024

Highlighted filing

2024

Assets$522,058
Liabilities$2,500
Net Assets$519,558
Open 2024 Filing

Operations Trend

Revenue Growth18th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $64,012Expenses 2011: $58,333Net Income 2011: $5,6792011Revenue 2012: $83,706Expenses 2012: $79,225Net Income 2012: $4,4812012Revenue 2013: $76,339Expenses 2013: $63,612Net Income 2013: $12,7272013Revenue 2014: $88,327Expenses 2014: $61,995Net Income 2014: $26,3322014Revenue 2015: $97,514Expenses 2015: $61,913Net Income 2015: $35,6012015Revenue 2016: $88,721Expenses 2016: $88,427Net Income 2016: $2942016Revenue 2017: $98,713Expenses 2017: $75,866Net Income 2017: $22,8472017Revenue 2018: $91,177Expenses 2018: $93,866Net Income 2018: -$2,6892018Revenue 2019: $104,277Expenses 2019: $105,317Net Income 2019: -$1,0402019Revenue 2020: $122,330Expenses 2020: $115,231Net Income 2020: $7,0992020Revenue 2021: $203,718Expenses 2021: $119,591Net Income 2021: $84,1272021Revenue 2022: $184,337Expenses 2022: $130,393Net Income 2022: $53,9442022Revenue 2023: $305,730Expenses 2023: $127,901Net Income 2023: $177,8292023Revenue 2024: $275,325Expenses 2024: $196,253Net Income 2024: $79,0722024

Highlighted filing

2024

Revenue$275,325
Expenses$196,253
Net Income$79,072
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
$522,058
Liabilities
$2,500
Net assets
$519,558
Revenue
$275,325
Expenses
$196,253
Net income
$79,072
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$0.03$5.20$2.75$1.96$0.79
2023Detailed filing. Detailed filing data is available for this year.$4.79$0.03$4.77$3.06$1.28$1.78
2022Detailed filing. Detailed filing data is available for this year.$2.65$0.03$2.63$1.84$1.30$0.54
2021Detailed filing. Detailed filing data is available for this year.$2.39$0.31$2.09$2.04$1.20$0.84
2020Detailed filing. Detailed filing data is available for this year.$1.78$0.54$1.25$1.22$1.15$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.87$0.69$1.17$1.04$1.05$0.01
2018Summary only. Only limited summary data is available for this year.$2.03$0.85$0.91$0.94$0.03
2017Summary only. Only limited summary data is available for this year.$2.21$1.00$0.99$0.76$0.23
2016Summary only. Only limited summary data is available for this year.$2.11$1.13$0.89$0.88$0.00
2015Summary only. Only limited summary data is available for this year.$2.26$1.28$0.98$0.62$0.36
2014Summary only. Only limited summary data is available for this year.$0.59$0.00$0.88$0.62$0.26
2013Summary only. Only limited summary data is available for this year.$0.23$0.00$0.76$0.64$0.13
2012Summary only. Only limited summary data is available for this year.$0.10$0.00$0.84$0.79$0.04
2011Summary only. Only limited summary data is available for this year.$0.16$0.00$0.64$0.58$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 19, 2025
Return Version
2024v5.0
Gross Receipts
$275,325
Mission and Program Overview

Mission

Low cost neighborhood swimming

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$462,221$505,196▲ $42,975
Cash and Non-Interest-Bearing Accounts$208,987$294,667▲ $85,680
Land, Buildings, and Equipment, Net$233,996$227,391▼ $6,605
Accounts Receivable$36,100--
Pd in Cap Srpls Land Bldg Eqp Fund$14,362$14,362→ $0
Total Assets$479,083$522,058▲ $42,975
Liabilities
Other Liabilities$2,500$2,500→ $0
Total Liabilities$2,500$2,500→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$476,583$519,558▲ $42,975
Total Liabilities and Net Assets / Fund Balance$479,083$522,058▲ $42,975

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$227,391$130,970$358,361
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Caroline FloryMem. & Comm.
Ted FarinoTreasurer
Lauren TaylorVice Preside
Christopher TaylorVolunteer Pr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$271,579
Investment Income
$0
Other Revenue
$3,746
Change in Net Assets
$79,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$119,050--$119,050
Fees for Services Management$37,660--$37,660
Depreciation Depletion$18,242--$18,242
Insurance$9,109--$9,109
Other Expenses$4,092--$4,092
Fees for Services Accounting-$2,920-$2,920
Total Functional Expenses$193,333$2,920$0$196,253
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit - Atom$2,500
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
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Fairmeadows Swim Club Inc
EIN
56-0727472
Phone
7049969086
Address
PO BOX 240061, CHARLOTTE, NC 28224-0061

Signing Officer

Name
Ted Farino
Title
Treasurer
Phone
7045525606
Signed
2025-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ted Farino
Legal Domicile
Nc
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
4

Preparer

Firm
Fisher Pa
Address
1108 EAST BLVD, CHARLOTTE, NC 28203
Preparer
David a Dennis Iii CPA
Phone
7043327800
Supplemental Narrative

Additional Explanations

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

“Operation of low cost swim club for use by members.”

Raw XML Appendix264 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.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum07049969086
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IRS990/Desc0OPERATION OF LOW COST SWIM CLUB FOR USE BY MEMBERS.
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IRS990/Form990PartVIISectionAGrp/PersonNm2LAUREN TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm3CAROLINE FLORY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VOLUNTEER PR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEM. & COMM.
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0275325
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt09109
IRS990/InsuranceGrp/TotalAmt09109
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0130970
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0233996
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0227391
IRS990/LandBldgEquipCostOrOtherBssAmt0358361
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0476583
IRS990/NetAssetsOrFundBalancesEOYAmt0519558
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0119050
IRS990/OccupancyGrp/TotalAmt0119050
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0SWIM TEAM EXPENSES
IRS990/OtherExpensesGrp/Desc1COGS
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IRS990/OwnWebsiteInd0X
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A DENNIS III CPA
ReturnHeader/ReturnTs02025-08-26T15:47:46-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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