Civic Intelligence

Midnight Sun Swim Team Inc.

990EZ • Fiscal year 2020 • EIN 92-0091523

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 31, 2021

PO Box 83625Fairbanks, AK 99708

(907) 451-2320

Siviq Scores

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

Liabilities / Assets

77th percentile

0.14x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.11x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

68th percentile

19%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

82nd percentile

62%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

25%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$137,203

Up $52,302 (+62%) from 2019

Net Assets

Up

$118,129

Up $33,524 (+40%) from 2019

Liabilities

Up

$19,074

Up $18,778 (+6344%) from 2019

Revenue

Up

$180,954

Up $36,201 (+25%) from 2019

Expenses

Down

$147,430

Down $45,323 (-24%) from 2019

Net Income

Up

$33,524

Up $81,524 (+170%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $43,415Liabilities 2011: $257Net Assets 2011: $43,1582011Assets 2012: $38,972Liabilities 2012: $333Net Assets 2012: $38,6392012Assets 2013: $103,778Liabilities 2013: $243Net Assets 2013: $103,5352013Assets 2014: $131,668Liabilities 2014: $159Net Assets 2014: $131,5092014Assets 2015: $177,339Liabilities 2015: $100Net Assets 2015: $177,2392015Assets 2016: $178,866Liabilities 2016: $171Net Assets 2016: $178,6952016Assets 2017: $136,669Liabilities 2017: $146Net Assets 2017: $136,5232017Assets 2018: $132,883Liabilities 2018: $278Net Assets 2018: $132,6052018Assets 2019: $84,901Liabilities 2019: $296Net Assets 2019: $84,6052019Assets 2020: $137,203Liabilities 2020: $19,074Net Assets 2020: $118,1292020Assets 2021: $160,343Liabilities 2021: $1,966Net Assets 2021: $158,3772021Assets 2022: $111,671Liabilities 2022: $1,875Net Assets 2022: $109,7962022Assets 2023: $124,802Liabilities 2023: $3,666Net Assets 2023: $121,1362023Assets 2024: $104,541Liabilities 2024: $0Net Assets 2024: $104,5412024

Highlighted filing

2020

Assets$137,203
Liabilities$19,074
Net Assets$118,129

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $159,407Expenses 2011: $141,291Net Income 2011: $18,1162011Revenue 2012: $154,497Expenses 2012: $159,016Net Income 2012: -$4,5192012Revenue 2013: $222,017Expenses 2013: $157,121Net Income 2013: $64,8962013Revenue 2014: $203,083Expenses 2014: $175,109Net Income 2014: $27,9742014Revenue 2015: $221,391Expenses 2015: $175,661Net Income 2015: $45,7302015Revenue 2016: $193,407Expenses 2016: $191,951Net Income 2016: $1,4562016Revenue 2017: $163,335Expenses 2017: $205,507Net Income 2017: -$42,1722017Revenue 2018: $180,075Expenses 2018: $183,993Net Income 2018: -$3,9182018Revenue 2019: $144,753Expenses 2019: $192,753Net Income 2019: -$48,0002019Revenue 2020: $180,954Expenses 2020: $147,430Net Income 2020: $33,5242020Revenue 2021: $244,461Expenses 2021: $204,214Net Income 2021: $40,2472021Revenue 2022: $236,401Expenses 2022: $284,980Net Income 2022: -$48,5792022Revenue 2023: $219,274Expenses 2023: $207,934Net Income 2023: $11,3402023Revenue 2024: $172,200Expenses 2024: $188,795Net Income 2024: -$16,5952024

Highlighted filing

2020

Revenue$180,954
Expenses$147,430
Net Income$33,524
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 31, 2021
Return Version
2020v4.1
Gross Receipts
$181,471
Mission and Program Overview

Mission

Promotion and support of youth swimming.

Program Services

DescriptionGrantsExpenses
The purpose of Midnight Sun Swim Team is to promote good sporting conduct, self-discipline and self-confidence, while improving swimming ability among children. The Midnight Sun Swim Team provides children with the opportunity to compete individually and as a team at the local, state and national levels; and to stimulate public interest in, and appreciation of, age group swimming.$0$128,739
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KAYLENE OTTOSONPresident-$0--
ERIN OTNESSPresident Elect-$0--
CLAIRE BANKSPast President-$0--
MEADOW BAILEYSecretary-$0--
MARIA WESSELTreasurer-$0--
TIM BRISTORMember At Large-$0--
JAUNELLE CELAIREMember At Large-$0--
JENNIE HAFELEMember At Large-$0--
MELANIE HILLMember At Large-$0--
CAROLYN JORDANMember At Large-$0--
JENNIFER LENTMember At Large-$0--
KEITH PALCHIKOFFMember At Large-$0--
Filing and Contact Details

Filer

Filer Name
Midnight Sun Swim Team
EIN
92-0091523
Phone
9074512320
Address
PO BOX 83625, FAIRBANKS, AK 99708

Signing Officer

Name
Kaylene Ottoson
Title
President
Phone
9074512320
Signed
2021-08-31
Discuss with paid preparer
Yes

Preparer

Firm
Rjg a Professional Corporation
Address
1100 WEST BARNETTE ST STE 102, FAIRBANKS, AK 99701
Preparer
Robert Ahlquist CPA
Phone
9074524156
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

Description: BANK INTEREST. Amount: 3.

Form 990-EZ, Part I, Line 7 - Sales of Inventory

Income: Gross Receipts: 1,256. Returns and Allowances: 0. Less Cost of Goods Sold: 0. Gross Profit: 1,256.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: PAYROLL TAXES. Amount: 7,412. Description: INSURANCE. Amount: 3,071. Description: EVENT EXPENSES. Amount: 7,916. Description: COACHES PROFESSIONAL. Amount: 191. Description: OFFICE EXPENSES. Amount: 6,018. Description: TRAVEL. Amount: 4,958. Description: MISCELLANEOUS EXPENSES. Amount: 2,004. Description: POOL RENTAL. Amount: 14,510. Description: SWIM-A-THON. Amount: 2,904. Description: REGISTRATIONS. Amount: 5,096. Description: DEPRECIATION EXPENSE. Amount: 5,139. Total to Form 990-EZ, line 16: 59,219.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: OTHER ASSETS. Beg. of Year Amount: 4,178. End of Year Amount: 4,951. Description: UNDEPOSITED FUNDS. Beg. of Year Amount: 0. End of Year Amount: 11,627. Description: Other Depreciable Assets. Beg. of Year Amount: 8,994. End of Year Amount: 3,854.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: ESC PAYABLE. Beg. of Year Amount: 296. End of Year Amount: 74. Description: PPP LOAN. Beg. of Year Amount: 0. End of Year Amount: 19,000.

Raw XML Appendix275 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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IRS990ScheduleG/ThirdPartyBusinessName/BusinessNameLine1Txt0NICHOLAS NYQUIST
IRS990ScheduleG/ThirdPartyUSAddress/AddressLine1Txt0558 GAFFNEY ROAD
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: BANK INTEREST. Amount: 3.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Income: Gross Receipts: 1,256. Returns and Allowances: 0. Less Cost of Goods Sold: 0. Gross Profit: 1,256.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: PAYROLL TAXES. Amount: 7,412. Description: INSURANCE. Amount: 3,071. Description: EVENT EXPENSES. Amount: 7,916. Description: COACHES PROFESSIONAL. Amount: 191. Description: OFFICE EXPENSES. Amount: 6,018. Description: TRAVEL. Amount: 4,958. Description: MISCELLANEOUS EXPENSES. Amount: 2,004. Description: POOL RENTAL. Amount: 14,510. Description: SWIM-A-THON. Amount: 2,904. Description: REGISTRATIONS. Amount: 5,096. Description: DEPRECIATION EXPENSE. Amount: 5,139. Total to Form 990-EZ, line 16: 59,219.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: OTHER ASSETS. Beg. of Year Amount: 4,178. End of Year Amount: 4,951. Description: UNDEPOSITED FUNDS. Beg. of Year Amount: 0. End of Year Amount: 11,627. Description: Other Depreciable Assets. Beg. of Year Amount: 8,994. End of Year Amount: 3,854.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description: ESC PAYABLE. Beg. of Year Amount: 296. End of Year Amount: 74. Description: PPP LOAN. Beg. of Year Amount: 0. End of Year Amount: 19,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 7 - Sales of Inventory
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAYLENE OTTOSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09074512320
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDNIGHT SUN SWIM TEAM
ReturnHeader/Filer/BusinessNameControlTxt0MIDN
ReturnHeader/Filer/EIN0920091523
ReturnHeader/Filer/PhoneNum09074512320
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 83625
ReturnHeader/Filer/USAddress/CityNm0FAIRBANKS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AK
ReturnHeader/Filer/USAddress/ZIPCd099708
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920121157
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RJG A PROFESSIONAL CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01100 WEST BARNETTE ST STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRBANKS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd099701
ReturnHeader/PreparerPersonGrp/PhoneNum09074524156
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert Ahlquist CPA
ReturnHeader/ReturnTs02021-09-10T17:12:50-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KAYLENE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OTTOSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$1.72$1.89$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.04$1.21$2.19$2.08$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.02$1.10$2.36$2.85$0.49
2021Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.58$2.44$2.04$0.40
2020Detailed filing. Detailed filing data is available for this year.$1.37$0.19$1.18$1.81$1.47$0.34
2019Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$1.45$1.93$0.48
2018Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$1.80$1.84$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$1.63$2.06$0.42
2016Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$1.93$1.92$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$2.21$1.76$0.46
2014Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$2.03$1.75$0.28
2013Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$2.22$1.57$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$1.54$1.59$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$1.59$1.41$0.18