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Nonprofiteer
← NEWPORT AQUATIC CENTER

Form 990 for tax year 2024

Filed by NEWPORT AQUATIC CENTER.

Totals

Total revenue
$2,728,218
Total expenses
$2,679,309
Contributions and grants received
$1,193,085
Grants paid
$0
Program service revenue
$1,294,092
Investment income
$22,381
Other revenue
$218,660
Total assets, end of year
$1,708,264
Total liabilities, end of year
$540,743
Net assets or fund balances, end of year
$1,167,521
Program services expenses (Part IX)
$1,752,863
Management and general expenses
$926,446
Fundraising expenses
$0
Program service expenses (Part III)
$1,752,863

Program services were 65.4% 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.

  • 1b · Membership dues

    $734,435

  • 1f · All other contributions, gifts and grants

    $458,650

  • 2a · Program service revenue: CLASSES/CAMPS

    total $138,447 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: PROGRAM SERVICES

    total $1,155,645 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $121 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $56,501

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

    securities $34,241

  • 7c · Gain or loss

    securities $22,260

  • 7d · Net gain or loss

    total $22,260 · related or exempt $22,260 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $386,421

  • 8a · Fundraising events: contributions included on line 1c

    $386,421

  • 8b · Fundraising events: direct expenses

    $200,449

  • 8c · Net income from fundraising events

    total $185,972 · unrelated business $0 · excluded $185,972

  • 10a · Gross sales of inventory

    $13,528

  • 10b · Cost of goods sold

    $7,490

  • 10c · Net income from sales of inventory

    total $6,038 · related or exempt $6,038

  • 11a · Other revenue: EQUIPMENT RENTAL

    total $26,650 · related or exempt $26,650 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $26,650

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $115,000 · program services $43,010 · management and general $71,990 · fundraising $0

  • 7 · Other salaries and wages

    total $1,188,882 · program services $759,202 · management and general $429,680 · fundraising $0

  • 9 · Other employee benefits

    total $3,145 · program services $3,145 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $82,431 · program services $49,030 · management and general $33,401 · fundraising $0

  • 11c · Fees: accounting

    total $33,886 · program services $0 · management and general $33,886 · fundraising $0

  • 12 · Advertising and promotion

    total $17,052 · program services $0 · management and general $17,052 · fundraising $0

  • 13 · Office expenses

    total $54,876 · program services $38,472 · management and general $16,404 · fundraising $0

  • 14 · Information technology

    total $26,290 · program services $0 · management and general $26,290 · fundraising $0

  • 16 · Occupancy

    total $48,676 · program services $17,882 · management and general $30,794 · fundraising $0

  • 20 · Interest

    total $768 · program services $768 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $238,665 · program services $206,739 · management and general $31,926 · fundraising $0

  • 23 · Insurance

    total $185,208 · program services $88,698 · management and general $96,510 · fundraising $0

  • 24a · Other expenses: equipment parts and repairs

    total $178,505 · program services $125,904 · management and general $52,601 · fundraising $0

  • 24b · Other expenses: bank fees

    total $65,484 · program services $31,086 · management and general $34,398 · fundraising $0

  • 24c · Other expenses: race expense

    total $209,149 · program services $209,149 · management and general $0 · fundraising $0

  • 24d · Other expenses: auto expense

    total $32,576 · program services $15,470 · management and general $17,106 · fundraising $0

  • 24e · All other expenses

    total $198,716 · program services $164,308 · management and general $34,408 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $84,767 · end of year $66,293

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,860 · end of year $31,167

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

    $5,031,043

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

    $3,429,903

  • 10c · Land, buildings and equipment, net

    beginning of year $1,390,272 · end of year $1,601,140

  • 12 · Investments: other securities

    beginning of year $7,835 · end of year $9,664

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,985 · end of year $60,578

  • 19 · Deferred revenue

    beginning of year $238,540 · end of year $257,975

  • 25 · Other liabilities

    beginning of year $106,241 · end of year $222,190

  • 27 · Net assets without donor restrictions

    beginning of year $1,085,068 · end of year $1,167,521

  • 28 · Net assets with donor restrictions

    beginning of year $12,900

Mission and programs · 2024

Mission

The Newport Aquatic Center (NAC) is an extraordinary community resource whose mission is to teach and inspire athletes of all ages, abilities and backgrounds by fostering a passion for Olympic style rowing, kayaking, canoeing and related marine activities. Through character building programs and world-class professional instruction, the NAC not only develops exceptional athletes, it creates a positive, influential path for young adults, a common destination for devoted enthusiasts and a teaching ground for environmental stewardship.

Activities or mission (Part I)

ORGANIZATION PROVIDES NON PROFIT SERVICE DEALING WITH FURTHERANCE OF AMATEUR ATHLETES IN THE AQUATIC SPORTS FIELD.

  • During the past year, the Jr. Rowing program served a diverse group of student-athletes, with accomplishments including: Achieving top finishes at both Regional and National competitions,45 Entries at SW Regionals ; 7 entires placed 2nd at Regionals ;9 entires placed 1st at Regionals; Regionals: Womens Overall Points Award, Overall TEAM Points Award ;9 entries at Youth Nationals ; Over 20 athletes recruited to row in college;Sent 49 athletes to Nationals ; 3rd at Nationals: Mens Youth 4+,Womens 2V 8+; 2nd at Nationals: Womens Youth 8+, Mens U17 2x ;+ competed at Henley Royal Regatta, Womens V8 to semi-finals, top four finisher; 2 athletes sent to U19 Worlds- gold in Mens 8+, bronze in Womens 4+

    Expenses $1,176,155 · Revenue $1,027,297

  • OUTRIGGER

    Expenses $94,359 · Revenue $57,489

  • WOW

    Expenses $103,939 · Revenue $26,951

  • Dragon Boat

    Expenses $36,113 · Revenue $25,843

  • WATERMAN

    Expenses $24,365

  • WE ARE OCEAN Number of cancer fighters served: 90 Number of week-long cancer support & adventure camps: 2 Hosted Sea of Support Gala Fundraiser to raise funds for camps 6 cancer survivors and fighters competed in the Wild Buffalo Relay (32 miles across the Catalina Channelin a 6-person Outrigger Canoe).

    Expenses $117,772 · Revenue $3,795

  • allocated depreciation

    Expenses $200,160

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Grant

    VICE PRESIDENT

    Total calculated
    $0

  • Margaret Elder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Netzer

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Chris Blank

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Linda Hay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deborah Cowles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kyle Anderson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • William Whitford

    EXECUTIVE DIRECTOR

    Total calculated
    $115,000
    From this org
    $115,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rhonda Longmore-Gund

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.2
Source object
202523189349309742

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