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Nonprofiteer
← NOVA OF VIRGINIA AQUATICS INC

Form 990 for tax year 2024

Filed by NOVA OF VIRGINIA AQUATICS INC.

Totals

Total revenue
$7,306,261
Total expenses
$5,969,444
Contributions and grants received
$1,796,318
Grants paid
$0
Program service revenue
$4,801,796
Investment income
$55,762
Other revenue
$652,385
Total assets, end of year
$20,655,266
Total liabilities, end of year
$11,400,884
Net assets or fund balances, end of year
$9,254,382
Program services expenses (Part IX)
$5,439,696
Management and general expenses
$435,184
Fundraising expenses
$94,564
Program service expenses (Part III)
$5,439,696

Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $500,000

  • 1f · All other contributions, gifts and grants

    $1,296,318

  • 2a · Program service revenue: COMPETITIVE FEES

    total $2,585,743 · related or exempt $2,585,743

  • 2b · Program service revenue: SWIM LESSONS

    total $1,422,558 · related or exempt $1,422,558

  • 2c · Program service revenue: MEETS

    total $728,610 · related or exempt $728,610

  • 2d · Program service revenue: OTHER

    total $42,792 · related or exempt $42,792

  • 2e · Program service revenue: CLINICS

    total $22,093 · related or exempt $22,093

  • 3 · Investment income

    total $67,520 · excluded $67,520

  • 6a · Gross rents

    real property $69,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $69,500

  • 6d · Net rental income or loss

    total $69,500 · excluded $69,500

  • 7b · Less cost or other basis and sales expenses

    other assets $11,758

  • 7c · Gain or loss

    other assets -$11,758

  • 7d · Net gain or loss

    total -$11,758 · excluded -$11,758

  • 8a · Fundraising events: gross income

    $154,637

  • 8b · Fundraising events: direct expenses

    $19,198

  • 8c · Net income from fundraising events

    total $135,439 · unrelated business $8,500 · excluded $126,939

  • 10a · Gross sales of inventory

    $926,137

  • 10b · Cost of goods sold

    $478,691

  • 10c · Net income from sales of inventory

    total $447,446 · related or exempt $447,446

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $117,632 · management and general $88,224 · fundraising $29,408

  • 7 · Other salaries and wages

    total $2,610,500 · program services $2,366,676 · management and general $225,300 · fundraising $18,524

  • 9 · Other employee benefits

    total $225,063 · program services $202,909 · management and general $21,499 · fundraising $655

  • 10 · Payroll taxes

    total $213,335 · program services $185,742 · management and general $23,941 · fundraising $3,652

  • 11b · Fees: legal

    total $586 · management and general $586

  • 11c · Fees: accounting

    total $29,277 · management and general $29,277

  • 11g · Fees: other

    total $29,658 · management and general $29,658

  • 12 · Advertising and promotion

    total $32,719 · program services $4,140 · management and general $1,649 · fundraising $26,930

  • 13 · Office expenses

    total $94,986 · program services $94,986

  • 16 · Occupancy

    total $961,206 · program services $961,206

  • 17 · Travel

    total $170,292 · program services $156,850 · fundraising $13,442

  • 20 · Interest

    total $63,362 · program services $63,362

  • 22 · Depreciation, depletion and amortization

    total $600,066 · program services $600,066

  • 23 · Insurance

    total $50,377 · program services $50,377

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $390,111 · program services $390,111

  • 24b · Other expenses: MEET EXPENSES

    total $228,653 · program services $228,653

  • 24c · Other expenses: BANK CHARGES AND CREDIT

    total $91,689 · program services $74,686 · management and general $15,050 · fundraising $1,953

  • 24d · Other expenses: TAXES & LICENSES

    total $46,364 · program services $46,364

  • 24e · All other expenses

    total $13,568 · program services $13,568

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,580,327 · end of year $2,576,237

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $480,839

  • 4 · Accounts receivable

    beginning of year $42,821 · end of year $52,174

  • 8 · Inventories for sale or use

    beginning of year $397,313 · end of year $366,098

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,188 · end of year $25,798

  • 10a · Land, buildings and equipment: cost or other basis

    $17,013,473

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,529,143

  • 10c · Land, buildings and equipment, net

    beginning of year $7,966,231 · end of year $11,484,330

  • 14 · Intangible assets

    beginning of year $5,250 · end of year $5,250

  • 15 · Other assets

    beginning of year $5,660,498 · end of year $5,664,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $215,068 · end of year $353,389

  • 19 · Deferred revenue

    beginning of year $233,929 · end of year $88,407

  • 23 · Secured mortgages and notes payable

    beginning of year $1,340,111 · end of year $4,967,704

  • 25 · Other liabilities

    beginning of year $5,969,009 · end of year $5,991,384

  • 27 · Net assets without donor restrictions

    beginning of year $7,761,190 · end of year $7,882,140

  • 28 · Net assets with donor restrictions

    beginning of year $158,321 · end of year $1,372,242

Mission and programs · 2024

Mission

WE STRIVE TO INSTILL THE QUALITIES THAT WILL MAKE OUR YOUNG PEOPLE LEADERS OF TOMORROW. DREAMS ARE OUR BUSINESS, DISCIPLINE IS OUR TOOL, EXCELLENCE IS OUR PURSUIT.

Activities or mission (Part I)

COMPETITIVE AQUATIC TRAINING, SWIMMING LESSONS CLINICS AND MASTER'S SWIMMING

  • THROUGH PROGRAMS OFFERED BY NOVA, SWIMMERS HAVE QUALIFIED FOR USA SWIMMING SANCTIONED CHAMPIONSHIP MEETS AT STATE, REGIONAL, ZONE, NATIONAL, AND INTERNATIONAL LEVELS. AN ESTIMATED 800 SWIMMERS BENEFITED FROM THE COMPETITIVE TEAM AND ANOTHER MORE THAN 3,000 BENEFITED FROM THE LEARN TO SWIM PROGRAM DURING THE FISCAL YEAR.

    Expenses $5,439,696 · Revenue $4,801,796

As filed on the 2024 return.

Listed in Part VII

  • Greg Owens

    DIRECTOR - ENDED 1/31/2025

    Total calculated
    $0
    Hours/week
    1

  • Rachel Naurath

    DIRECTOR - ENDED 1/31/2025

    Total calculated
    $0
    Hours/week
    1

  • Lori Haas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chuck Harrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pj Wallin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • West Cuthbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Ehrensberger

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kirk Vogel

    PRESIDENT EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Jenny Connors

    PRESIDENT EMERITUS - ENDED 1/31/2025

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Ackerly

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dan Connor

    TREASURER - ENDED 1/31/2025

    Total calculated
    $0
    Hours/week
    1

  • Michael Farmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Inscoe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kyle Laux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt McGroarty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stinson Mundy

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    1

  • Leigh Peterson

    CEO

    Total calculated
    $115,538
    From this org
    $111,962
    From related orgs
    $0
    Other
    $3,576
    Hours/week
    40

  • David Schreck

    HEAD COACH

    Total calculated
    $107,779
    From this org
    $104,157
    From related orgs
    $0
    Other
    $3,622
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NOVA ALUMNI ASSOCIATION LLC

    TO FURTHER NOVA OF VIRGINIA AQUATICS CHARITABLE PURPOSE. · VA · assets $0

    Directly controlled by NOVA OF VIRGINIA AQUATICS INC

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2026
IRS schema version
2024v5.5
Source object
202611959349301481

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