Civic Intelligence

Swift Aquatics LLC

990 • Fiscal year 2018 • EIN 82-1550205

Jan 01, 2018 to Dec 31, 2018 • Filed on May 06, 2019

8907 North Osceola AvenueMorton Grove, IL 60053

(847) 452-5666

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

60th percentile

8.1%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

96th percentile

$72,959

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 23.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

78th percentile

30%

Faster asset growth than 78% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

20%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$107,380

Up $24,646 (+30%) from 2017

Net Assets

Up

$107,380

Up $24,646 (+30%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$304,890

Up $50,269 (+20%) from 2017

Expenses

Up

$280,244

Up $108,357 (+63%) from 2017

Net Income

Down

$24,646

Down $58,088 (-70%) from 2017

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2017: $82,734Liabilities 2017: $0Net Assets 2017: $82,7342017Assets 2018: $107,380Liabilities 2018: $0Net Assets 2018: $107,3802018Assets 2019: $125,269Liabilities 2019: $0Net Assets 2019: $125,2692019Assets 2020: $106,573Liabilities 2020: $0Net Assets 2020: $106,5732020Assets 2021: $106,459Liabilities 2021: $35,800Net Assets 2021: $70,6592021Assets 2022: $111,326Liabilities 2022: $0Net Assets 2022: $111,3262022Assets 2023: $156,782Liabilities 2023: $0Net Assets 2023: $156,7822023Assets 2024: $92,767Liabilities 2024: $0Net Assets 2024: $92,7672024

Highlighted filing

2018

Assets$107,380
Liabilities$0
Net Assets$107,380

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $254,621Expenses 2017: $171,887Net Income 2017: $82,7342017Revenue 2018: $304,890Expenses 2018: $280,244Net Income 2018: $24,6462018Revenue 2019: $454,089Expenses 2019: $436,200Net Income 2019: $17,8892019Revenue 2020: $376,741Expenses 2020: $395,437Net Income 2020: -$18,6962020Revenue 2021: $276,627Expenses 2021: $312,541Net Income 2021: -$35,9142021Revenue 2022: $384,507Expenses 2022: $343,840Net Income 2022: $40,6672022Revenue 2023: $380,135Expenses 2023: $334,679Net Income 2023: $45,4562023Revenue 2024: $347,423Expenses 2024: $411,438Net Income 2024: -$64,0152024

Highlighted filing

2018

Revenue$304,890
Expenses$280,244
Net Income$24,646
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 6, 2019
Return Version
2018v3.1
Gross Receipts
$304,890
Mission and Program Overview

Mission

Children's swimming instruction

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$82,734$107,380▲ $24,646
Total Assets$82,734$107,380▲ $24,646
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$82,734$107,380▲ $24,646
Total Net Assets Fund Balance$82,734$107,380▲ $24,646
Total Liabilities and Net Assets / Fund Balance$82,734$107,380▲ $24,646
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Seth OrloveOfficerFT$72,959$72,959
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$304,890
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$24,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$219,746
Other Expenses$60,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$131,171--$131,171
Current Officers, Directors, Trustees, and Key Employees$72,959--$72,959
Other Expenses$60,330--$60,330
Payroll Taxes$15,616--$15,616
Fees for Services Other$168--$168
Total Functional Expenses$280,244$0$0$280,244
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
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
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

Draft of form 990 was reviewed before filing

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Swift Aquatics LLC
EIN
82-1550205
Phone
8474525666
Address
8907 NORTH OSCEOLA AVENUE, MORTON GROVE, IL 60053

Signing Officer

Name
Seth Orlove
Title
Officer
Phone
8474525666
Signed
2019-05-06

Organization Details

Principal Officer
Seth Orlove
Formed
2017
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
2
Employees
19

Preparer

Firm
Sabella & Graham Pc
Address
776 BUSSE HIGHWAY, PARK RIDGE, IL 60068-2495
Preparer
Martin D Graham CPA
Phone
8476961611
Supplemental Narrative

Additional Explanations

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

Children's swimming instruction

Raw XML Appendix251 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/IRPDocumentCnt01
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ReturnHeader/TaxYr02018

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