Civic Intelligence

Stingray Swim Team Inc

990 • Fiscal year 2022 • EIN 92-0097771

Sep 01, 2021 to Aug 31, 2022 • Filed on Jul 17, 2023

PO Box 72301Fairbanks, AK 99707

(907) 689-1407

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$75,622

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 29.1% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

92nd percentile

118%

Faster asset growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

60th percentile

22%

Faster revenue growth than 60% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$72,617

Up $39,311 (+118%) from 2021

Net Assets

Up

$72,479

Up $47,107 (+186%) from 2021

Liabilities

Down

$138

Down $7,796 (-98%) from 2021

Revenue

Up

$259,769

Up $47,545 (+22%) from 2021

Expenses

Up

$212,662

Up $14,052 (+7.1%) from 2021

Net Income

Up

$47,107

Up $33,493 (+246%) from 2021

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0-$20KAssets 2011: $49,715Liabilities 2011: $8,027Net Assets 2011: $41,6882011Assets 2012: $45,560Liabilities 2012: $8,0772012Assets 2013: $49,911Liabilities 2013: $9,0352013Assets 2014: $38,553Liabilities 2014: $02014Assets 2015: $39,113Liabilities 2015: $1,2502015Assets 2016: $7,078Liabilities 2016: $7,2972016Assets 2017: $9,725Liabilities 2017: $13,589Net Assets 2017: -$3,8642017Assets 2018: $17,542Liabilities 2018: $272Net Assets 2018: $17,2702018Assets 2019: $30,329Liabilities 2019: $11,162Net Assets 2019: $19,1672019Assets 2020: $47,513Liabilities 2020: $35,755Net Assets 2020: $11,7582020Assets 2021: $33,306Liabilities 2021: $7,934Net Assets 2021: $25,3722021Assets 2022: $72,617Liabilities 2022: $138Net Assets 2022: $72,4792022Assets 2023: $75,791Liabilities 2023: $9,133Net Assets 2023: $66,6582023Assets 2024: $27,052Liabilities 2024: $5,138Net Assets 2024: $21,9142024

Highlighted filing

2022

Assets$72,617
Liabilities$138
Net Assets$72,479

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $66,844Expenses 2011: $82,363Net Income 2011: -$15,5192011Revenue 2012: $53,139Expenses 2012: $57,344Net Income 2012: -$4,2052012Revenue 2013: $70,024Expenses 2013: $66,631Net Income 2013: $3,3932013Revenue 2014: $108,846Expenses 2014: $111,169Net Income 2014: -$2,3232014Revenue 2015: $180,610Expenses 2015: $142,747Net Income 2015: $37,8632015Revenue 2016: $147,824Expenses 2016: $184,270Net Income 2016: -$36,4462016Revenue 2017: $199,465Expenses 2017: $205,123Net Income 2017: -$5,6582017Revenue 2018: $210,457Expenses 2018: $199,741Net Income 2018: $10,7162018Revenue 2019: $241,211Expenses 2019: $239,314Net Income 2019: $1,8972019Revenue 2020: $194,548Expenses 2020: $201,957Net Income 2020: -$7,4092020Revenue 2021: $212,224Expenses 2021: $198,610Net Income 2021: $13,6142021Revenue 2022: $259,769Expenses 2022: $212,662Net Income 2022: $47,1072022Revenue 2023: $189,402Expenses 2023: $195,223Net Income 2023: -$5,8212023Revenue 2024: $162,404Expenses 2024: $207,148Net Income 2024: -$44,7442024

Highlighted filing

2022

Revenue$259,769
Expenses$212,662
Net Income$47,107
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 17, 2023
Return Version
2021v4.2
Gross Receipts
$263,765
Mission and Program Overview

Mission

Foster state and national competitive amateur swimmers among 8 to 18 year old youths and adults.

Foster national and state amateur swimming competition among youths 8 to 18 and adults

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$15,256$58,397▲ $43,141
Accounts Receivable$10,228$6,394▼ $3,834
Savings and Temporary Cash Investments$6,055$6,059▲ $4
Prepaid Expenses and Deferred Charges$1,767$1,767→ $0
Total Assets$33,306$72,617▲ $39,311
Liabilities
Accounts Payable and Accrued Expenses$7,934$138▼ $7,796
Total Liabilities$7,934$138▼ $7,796
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,372$72,479▲ $47,107
Total Net Assets Fund Balance$25,372$72,479▲ $47,107
Total Liabilities and Net Assets / Fund Balance$33,306$72,617▲ $39,311
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Josh GregoryChief Executor OfficerFT$75,622$75,622
Juliette BensonMember, Senior Athlete Rep-$336$336

Board Members and Trustees

NameTitle
Scott RuppPresident
Jarrod WelshFormer Vice President
Danielle AgostineVice President
Diane BeshearsMember
Karolina PriebeMember
Kerry WalshMember
Sasha DixonSecretary
Catharine PersingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$153,667
Program Service Revenue
$41,990
Investment Income
$785
Other Revenue
$63,327
All Other Contributions
$14,061
Change in Net Assets
$47,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$115,549
Other Expenses$97,113
Total Fundraising Expense$350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$75,353--$75,353
Other Salaries and Wages$30,745--$30,745
Travel$25,992--$25,992
Occupancy$21,506--$21,506
Fees for Services Accounting-$11,405-$11,405
Payroll Taxes$9,451--$9,451
All Other Expenses$6,192$105$350$6,647
Office Expenses$1,413$1,413-$2,826
Other Expenses$2,000$5,400-$2,000
Insurance$1,217--$1,217
Total Functional Expenses$193,989$18,323$350$212,662
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$36,303
Fundraising Gross Income$21,537
Fundraising Direct Expenses$3,996
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle$21,343$21,343$50$21,293
Swim-a-thon$11,652---
Total Events$33,189$21,537$3,996$17,541
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
Backup withholding compliance
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
No
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

Active membership consists of one class of membership of Stingray Swim Team parents who have children on the team and are current with membership dues.

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

Each family membership consists of a single unit, casting one vote. Members in good standing will be the only members entitled to a vote and allowed to hold office.

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

The form will be provided to the treasurer for review, then to the board, prior to filing.

Form 990, Part VI, Section B, line 12

Compensation considerations for the organization's CEO are reviewed and approved by the Board of Directors.

Form 990, Part VI, Section B, line 15

Compensation considerations included a review of coaching salaries for similar sized teams in similar sized communities.

Form 990, Part VI, Section C, line 19

The organizaton makes its governing documents, financial statements, 990 and 990t available upon request

Filing and Contact Details

Filer

Filer Name
Stingray Swim Team Inc
EIN
92-0097771
Phone
9076891407
Address
PO BOX 72301, FAIRBANKS, AK 99707

Signing Officer

Name
Josh Gregory
Title
CEO
Phone
9076891407
Signed
2023-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Gregory
Formed
1985
Legal Domicile
Ak
Voting Board Members
9
Independent Board Members
9
Employees
10
Volunteers
100

Preparer

Firm
RJG A Professional Corporation
Address
1100 West Barnette Suite 102, Fairbanks, AK 99701
Preparer
Debra J Gross
Phone
9074524156
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IRS990/PYTotalExpensesAmt0198610
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0212224
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt047107
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt051473
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06055
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06059
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0153667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0160482
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0108971
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0108876
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0119553
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0651549
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0785
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt041990
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt038093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt080083
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt011652
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt011652
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt037088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt037208
IRS990ScheduleA/InvestmentIncomeCYPct00.03370
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt09483
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt013529
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt085577
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0118689
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt094837
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0322115
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt036303
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt036303
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.67410
IRS990ScheduleA/PublicSupportPY509Pct00.60980
IRS990ScheduleA/PublicSupportTotal509Amt0743284
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0207309
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0198575
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0108971
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0108876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0119553
IRS990ScheduleA/Total509Grp/TotalAmt0743284
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0253880
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0212224
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0194548
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0227565
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0214390
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01102607
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt03750
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt03750
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt011652
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt011652
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03996
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0RAFFLE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SWIM-A-THON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt021343
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt011652
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0194
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt033189
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt021343
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0194
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt021537
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017541
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0196
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0246
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt050
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt036303
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt036303
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt036303
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd00
IRS990ScheduleG/GamingWithNonmembersInd00
IRS990ScheduleG/LicensedInd00
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Active membership consists of one class of membership of Stingray Swim Team parents who have children on the team and are current with membership dues.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each family membership consists of a single unit, casting one vote. Members in good standing will be the only members entitled to a vote and allowed to hold office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM WILL BE PROVIDED TO THE TREASURER FOR REVIEW, THEN TO THE BOARD, PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation considerations for the organization's CEO are reviewed and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation considerations included a review of coaching salaries for similar sized teams in similar sized communities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATON MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, 990 AND 990T 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 B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AK
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt033306
IRS990/TotalAssetsEOYAmt072617
IRS990/TotalAssetsGrp/BOYAmt033306

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.05$0.22$1.62$2.07$0.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.09$0.67$1.89$1.95$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.72$2.60$2.13$0.47
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.08$0.25$2.12$1.99$0.14
2020Summary only. Only limited summary data is available for this year.$0.48$0.36$0.12$1.95$2.02$0.07
2019Summary only. Only limited summary data is available for this year.$0.30$0.11$0.19$2.41$2.39$0.02
2018Summary only. Only limited summary data is available for this year.$0.18$0.00$0.17$2.10$2.00$0.11
2017Summary only. Only limited summary data is available for this year.$0.10$0.14$0.04$1.99$2.05$0.06
2016Summary only. Only limited summary data is available for this year.$0.07$0.07$1.48$1.84$0.36
2015Summary only. Only limited summary data is available for this year.$0.39$0.01$1.81$1.43$0.38
2014Summary only. Only limited summary data is available for this year.$0.39$0.00$1.09$1.11$0.02
2013Summary only. Only limited summary data is available for this year.$0.50$0.09$0.70$0.67$0.03
2012Summary only. Only limited summary data is available for this year.$0.46$0.08$0.53$0.57$0.04
2011Summary only. Only limited summary data is available for this year.$0.50$0.08$0.42$0.67$0.82$0.16
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits