Civic Intelligence

Kentucky Aquatics

990 • Fiscal year 2017 • EIN 61-1352539

Jan 01, 2017 to Dec 31, 2017 • Filed on May 04, 2018

416 COMPLEX DR-LANCASTER AQUATIC SuLexington, KY 40506-0212

(859) 257-7946

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$90,700

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

78th percentile

32%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

-11%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$188,064

Up $45,596 (+32%) from 2016

Net Assets

Up

$188,064

Up $45,596 (+32%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$399,613

Down $50,315 (-11%) from 2016

Expenses

Down

$354,017

Down $2,786 (-0.8%) from 2016

Net Income

Down

$45,596

Down $47,529 (-51%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $149,929Liabilities 2012: $8,729Net Assets 2012: $141,2002012Assets 2013: $150,972Liabilities 2013: $12,064Net Assets 2013: $138,9082013Assets 2014: $77,112Liabilities 2014: $13,938Net Assets 2014: $63,1742014Assets 2016: $142,468Liabilities 2016: $0Net Assets 2016: $142,4682016Assets 2017: $188,064Liabilities 2017: $0Net Assets 2017: $188,0642017Assets 2018: $236,183Liabilities 2018: $0Net Assets 2018: $236,1832018Assets 2020: $266,585Liabilities 2020: $0Net Assets 2020: $266,5852020Assets 2021: $266,499Liabilities 2021: $438Net Assets 2021: $266,0612021Assets 2022: $224,223Liabilities 2022: $0Net Assets 2022: $224,2232022Assets 2024: $235,896Liabilities 2024: $0Net Assets 2024: $235,8962024

Highlighted filing

2017

Assets$188,064
Liabilities$0
Net Assets$188,064

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $372,4622012Revenue 2013: $399,528Expenses 2013: $401,820Net Income 2013: -$2,2922013Revenue 2014: $357,174Expenses 2014: $432,908Net Income 2014: -$75,7342014Revenue 2016: $449,928Expenses 2016: $356,803Net Income 2016: $93,1252016Revenue 2017: $399,613Expenses 2017: $354,017Net Income 2017: $45,5962017Revenue 2018: $405,531Expenses 2018: $357,412Net Income 2018: $48,1192018Revenue 2020: $234,478Expenses 2020: $286,484Net Income 2020: -$52,0062020Revenue 2021: $279,747Expenses 2021: $290,965Net Income 2021: -$11,2182021Revenue 2022: $348,802Expenses 2022: $379,498Net Income 2022: -$30,6962022Revenue 2024: $439,998Expenses 2024: $424,573Net Income 2024: $15,4252024

Highlighted filing

2017

Revenue$399,613
Expenses$354,017
Net Income$45,596
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 4, 2018
Return Version
2017v2.3
Gross Receipts
$400,096
Mission and Program Overview

Mission

To operate a community swim team, promote recreational and competitive swimming, support and develop athletes for amateur sports competitions

Kentucky aquatics operates a club swim team.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$142,468$188,064▲ $45,596
Cash and Non-Interest-Bearing Accounts$93,250$132,259▲ $39,009
Savings and Temporary Cash Investments$49,218$55,805▲ $6,587
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$142,468$188,064▲ $45,596
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$142,468$188,064▲ $45,596
Total Liabilities and Net Assets / Fund Balance$142,468$188,064▲ $45,596

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$36,582$36,582
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chris FugmannDirector & OfficerFT$90,700$90,700

Board Members and Trustees

NameTitle
Lars JorgensenPresident
Mason NormanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$397,571
Investment Income
$2,042
Other Revenue
$0
Change in Net Assets
$45,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214,795
Salaries, Compensation, and Employee Benefits$139,222
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$90,700$0$0$90,700
Occupancy$61,170--$61,170
All Other Expenses$37,592--$37,592
Other Salaries and Wages$33,708--$33,708
Payroll Taxes$14,814--$14,814
Other Expenses$5,655--$5,655
Insurance-$775-$775
Total Functional Expenses$353,242$775$0$354,017
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 11

Governing body reviews 990 before signature and filing.

Form 990, Part VI, Section C, Line 19

All documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kentucky Aquatics Inc
EIN
61-1352539
In Care Of
% CHRIS FUGMANN-HEAD COACH
Phone
8592577946
Address
416 COMPLEX DR-LANCASTER AQUATIC Su, LEXINGTON, KY 40506-0212

Signing Officer

Name
Chris Fugmann
Title
Head Coach
Phone
8592577944
Signed
2018-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Fugmann
Formed
1999
Legal Domicile
Ky
Voting Board Members
3
Independent Board Members
3
Employees
6
Volunteers
230

Preparer

Firm
Miller Mayer Sullivan & Stevens Llp
Address
2365 HARRODSBURG RD STE A-100, LEXINGTON, KY 40504-3399
Preparer
Michael G Taylor CPA
Phone
8592233095
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 24 - Other Expenses

Description:payroll fees total expenses:3091 program services:3091

Form 990 Part IX Line 24 - Other Expenses

Description:bank fees total expenses:803 program services:803

Form 990 Part IX Line 24 - Other Expenses

Description:officials total expenses:2219 program services:2219

Form 990 Part IX Line 24 - Other Expenses

Description:apparel total expenses:21386 program services:21386

Form 990 Part IX Line 24 - Other Expenses

Description:miscellaneous total expenses:4887 program services:4887

Form 990 Part IX Line 24 - Other Expenses

Description:parking total expenses:13 program services:13

Form 990 Part IX Line 24 - Other Expenses

Description:advisory fees total expenses:638 program services:638

Form 990 Part IX Line 24 - Other Expenses

Description:office expenses total expenses:71 program services:71

Form 990 Part IX Line 24 - Other Expenses

Description:banquet expenses total expenses:4484 program services:4484

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BODY REVIEWS 990 BEFORE SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:BANK FEES TOTAL EXPENSES:803 PROGRAM SERVICES:803
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:APPAREL TOTAL EXPENSES:21386 PROGRAM SERVICES:21386
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:4887 PROGRAM SERVICES:4887
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:PARKING TOTAL EXPENSES:13 PROGRAM SERVICES:13
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:OFFICE EXPENSES TOTAL EXPENSES:71 PROGRAM SERVICES:71
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:BANQUET EXPENSES TOTAL EXPENSES:4484 PROGRAM SERVICES:4484
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI SECTION B LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990 PART IX LINE 24 - OTHER EXPENSES
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