Civic Intelligence

Lexington Dolphins Inc.

990 • Fiscal year 2021 • EIN 61-1270618

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 14, 2022

P O Box 23231Lexington, KY 40523

(859) 621-8967

Siviq Scores

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

Liabilities / Assets

88th percentile

0.42x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

0.19x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

45th percentile

5.4%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$54,500

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

45th percentile

2.1%

Faster asset growth than 45% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

26th percentile

-29%

Faster revenue growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$166,000

Up $3,418 (+2.1%) from 2020

Net Assets

Up

$96,617

Up $19,804 (+26%) from 2020

Liabilities

Down

$69,383

Down $16,386 (-19%) from 2020

Revenue

Down

$364,360

Down $146,712 (-29%) from 2020

Expenses

Down

$344,556

Down $107,722 (-24%) from 2020

Net Income

Down

$19,804

Down $38,990 (-66%) from 2020

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2010: $64,611Liabilities 2010: $138,034Net Assets 2010: -$73,4232010Assets 2011: $31,084Liabilities 2011: $130,296Net Assets 2011: -$99,2122011Assets 2012: $43,117Liabilities 2012: $99,128Net Assets 2012: -$56,0112012Assets 2013: $89,925Liabilities 2013: $59,359Net Assets 2013: $30,5662013Assets 2014: $68,720Liabilities 2014: $11,694Net Assets 2014: $57,0262014Assets 2015: $98,559Liabilities 2015: $14,278Net Assets 2015: $84,2812015Assets 2016: $102,792Liabilities 2016: $32,058Net Assets 2016: $70,7342016Assets 2017: $97,594Liabilities 2017: $29,893Net Assets 2017: $67,7012017Assets 2018: $60,653Liabilities 2018: $32,897Net Assets 2018: $27,7562018Assets 2019: $137,093Liabilities 2019: $119,074Net Assets 2019: $18,0192019Assets 2020: $162,582Liabilities 2020: $85,769Net Assets 2020: $76,8132020Assets 2021: $166,000Liabilities 2021: $69,383Net Assets 2021: $96,6172021Assets 2022: $112,469Liabilities 2022: $43,317Net Assets 2022: $69,1522022Assets 2023: $106,588Liabilities 2023: $17,943Net Assets 2023: $88,6452023Assets 2024: $117,259Liabilities 2024: $12,341Net Assets 2024: $104,9182024

Highlighted filing

2021

Assets$166,000
Liabilities$69,383
Net Assets$96,617

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $345,8552010Revenue 2011: $286,409Expenses 2011: $312,198Net Income 2011: -$25,7892011Revenue 2012: $340,058Expenses 2012: $296,857Net Income 2012: $43,2012012Revenue 2013: $383,728Expenses 2013: $297,151Net Income 2013: $86,5772013Revenue 2014: $378,848Expenses 2014: $352,388Net Income 2014: $26,4602014Revenue 2015: $387,749Expenses 2015: $360,494Net Income 2015: $27,2552015Revenue 2016: $467,653Expenses 2016: $481,200Net Income 2016: -$13,5472016Revenue 2017: $508,479Expenses 2017: $511,512Net Income 2017: -$3,0332017Revenue 2018: $507,541Expenses 2018: $525,805Net Income 2018: -$18,2642018Revenue 2019: $548,444Expenses 2019: $517,239Net Income 2019: $31,2052019Revenue 2020: $511,072Expenses 2020: $452,278Net Income 2020: $58,7942020Revenue 2021: $364,360Expenses 2021: $344,556Net Income 2021: $19,8042021Revenue 2022: $498,723Expenses 2022: $526,188Net Income 2022: -$27,4652022Revenue 2023: $462,338Expenses 2023: $442,845Net Income 2023: $19,4932023Revenue 2024: $415,197Expenses 2024: $398,924Net Income 2024: $16,2732024

Highlighted filing

2021

Revenue$364,360
Expenses$344,556
Net Income$19,804
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 14, 2022
Return Version
2020v4.2
Gross Receipts
$364,360
Mission and Program Overview

Mission

The purpose of the organization is to foster and encourage youth swimming in central kentucky.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$76,813$96,617▲ $19,804
Land, Buildings, and Equipment, Net$85,590$83,059▼ $2,531
Cash and Non-Interest-Bearing Accounts$76,992$82,941▲ $5,949
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$162,582$166,000▲ $3,418
Liabilities
Unsecured Notes Loans Payable$81,421$62,484▼ $18,937
Other Liabilities$4,348$6,899▲ $2,551
Total Liabilities$85,769$69,383▼ $16,386
Net Assets / Fund Balance
Total Net Assets Fund Balance$76,813$96,617▲ $19,804
Total Liabilities and Net Assets / Fund Balance$162,582$166,000▲ $3,418

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$83,059$156,437$239,496
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David a DoolinCEOPT$54,500$54,500

Board Members and Trustees

NameTitle
Bryna ReedPresident
Shane BurdenVice President
Shawn BussonSecretary
John BoydTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$62,523
Program Service Revenue
$301,767
Investment Income
$70
Other Revenue
$0
All Other Contributions
$21,332
Change in Net Assets
$19,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,049
Salaries, Compensation, and Employee Benefits$131,507
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$135,155--$135,155
Other Salaries and Wages$65,974--$65,974
Comp Disqual Persons$54,500--$54,500
Travel$10,520--$10,520
Payroll Taxes$9,548--$9,548
Other Expenses$8,162--$8,162
All Other Expenses$7,441--$7,441
Insurance$6,792--$6,792
Fees for Services Accounting-$2,647-$2,647
Depreciation Depletion$2,531--$2,531
Pension Plan Contributions$1,485--$1,485
Office Expenses-$1,297-$1,297
Total Functional Expenses$340,612$3,944$0$344,556
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
Payroll Liablities$6,899
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 6

The organization has dues paying members who are the parents of the youth swimmers participating in the program.

Form 990, Part VI, Section A, Line 7A

The organization has dues paying members who elect the officers of the organization. Other board members are appointed by the elected officers.

Form 990, Part VI, Section A, Line 8B

NOT APPLICABLE.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

The board of directors monitors and enforces the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

Compensation is determined by the board of directors using available compensation data from the american swimming coaches association.

Form 990, Part VI, Section C, Line 19

Documents made available upon request.

Filing and Contact Details

Filer

Filer Name
Lexington Dolphins Inc
EIN
61-1270618
Phone
8596218967
Address
P O BOX 23231, LEXINGTON, KY 40523

Signing Officer

Name
David a Doolin
Title
CEO
Phone
8596218967
Signed
2022-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David a Doolin
Formed
1994
Legal Domicile
Ky
Voting Board Members
5
Independent Board Members
5
Employees
15
Volunteers
200

Preparer

Firm
Blue & Co LLC
Address
250 WEST MAIN STREET SUITE 2900, LEXINGTON, KY 40507
Preparer
James K Pleasants
Phone
8592531100
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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/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SUPPORTED ORGANIZATIONS ARE KENTUCKY SWIMMING, INC. AND USA SWIMMING, INC. THE ORGANIZATION IS A MEMBER OF KENTUCKY SWIMMING, INC. AND USA SWIMMING, INC. AND FOLLOWS THE RULES AND REGULATIONS THEY HAVE ESTABLISHED TO GOVERN THE SUPPORT OF SWIMMING IN THEIR JURISDICTIONS AND IN THE UNITED STATES. THE SUPPORTING ACTIVITIES OF LEXINGTON DOLPHINS, INC. DIRECTLY FURTHERS THE EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION E, LINE 2A
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0204264282
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1311012821
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd10
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd110
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt119071
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0USA SWIMMING INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1KENTUCKY SWIMMING INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt019071
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt083059
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0156437
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0239496
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06899
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABLITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt083059
IRS990ScheduleD/TotalLiabilityAmt06899
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS DUES PAYING MEMBERS WHO ARE THE PARENTS OF THE YOUTH SWIMMERS PARTICIPATING IN THE PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS DUES PAYING MEMBERS WHO ELECT THE OFFICERS OF THE ORGANIZATION. OTHER BOARD MEMBERS ARE APPOINTED BY THE ELECTED OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NOT APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS USING AVAILABLE COMPENSATION DATA FROM THE AMERICAN SWIMMING COACHES ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0162582
IRS990/TotalAssetsEOYAmt0166000
IRS990/TotalAssetsGrp/BOYAmt0162582
IRS990/TotalAssetsGrp/EOYAmt0166000
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt062523
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03944
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0340612
IRS990/TotalFunctionalExpensesGrp/TotalAmt0344556
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt085769
IRS990/TotalLiabilitiesEOYAmt069383
IRS990/TotalLiabilitiesGrp/BOYAmt085769
IRS990/TotalLiabilitiesGrp/EOYAmt069383
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt076813
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt096617
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0340612
IRS990/TotalProgramServiceRevenueAmt0301767
IRS990/TotalReportableCompFromOrgAmt054500
IRS990/TotalRevenueGrp/ExclusionAmt070
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0301767
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0364360
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0162582
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0166000
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt010520
IRS990/TravelGrp/TotalAmt010520
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt081421
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt062484
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 23231
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040523
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LEXINGTONDOLPHINS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID A DOOLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08596218967
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEXINGTON DOLPHINS INC
ReturnHeader/Filer/BusinessNameControlTxt0LEXI
ReturnHeader/Filer/EIN0611270618
ReturnHeader/Filer/PhoneNum08596218967
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 23231
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040523
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351178661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLUE & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0250 WEST MAIN STREET SUITE 2900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEXINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040507
ReturnHeader/PreparerPersonGrp/PhoneNum08592531100
ReturnHeader/PreparerPersonGrp/PreparationDt02022-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES K PLEASANTS
ReturnHeader/ReturnTs02022-07-14T14:50:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DOOLIN
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.17$0.12$1.05$4.15$3.99$0.16
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.18$0.89$4.62$4.43$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.43$0.69$4.99$5.26$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.66$0.69$0.97$3.64$3.45$0.20
2020Detailed filing. Detailed filing data is available for this year.$1.63$0.86$0.77$5.11$4.52$0.59
2019Detailed filing. Detailed filing data is available for this year.$1.37$1.19$0.18$5.48$5.17$0.31
2018Summary only. Only limited summary data is available for this year.$0.61$0.33$0.28$5.08$5.26$0.18
2017Summary only. Only limited summary data is available for this year.$0.98$0.30$0.68$5.08$5.12$0.03
2016Summary only. Only limited summary data is available for this year.$1.03$0.32$0.71$4.68$4.81$0.14
2015Summary only. Only limited summary data is available for this year.$0.99$0.14$0.84$3.88$3.60$0.27
2014Summary only. Only limited summary data is available for this year.$0.69$0.12$0.57$3.79$3.52$0.26
2013Summary only. Only limited summary data is available for this year.$0.90$0.59$0.31$3.84$2.97$0.87
2012Summary only. Only limited summary data is available for this year.$0.43$0.99$0.56$3.40$2.97$0.43
2011Summary only. Only limited summary data is available for this year.$0.31$1.30$0.99$2.86$3.12$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$1.38$0.73$3.46