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← BEST SWIM CLUB INC

Form 990 for tax year 2022

Filed by BEST SWIM CLUB INC.

What the amendment changed

Compared with the return it replaced , filed 12 January 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$838,245 changed to $1,726,457
Total expenses
$828,250 changed to $1,434,665
Contributions and grants received
$535,703 changed to $1,242,680
Program service revenue
$300,261 changed to $457,236
Investment income
$1 changed to $24,272
Other revenue
$2,280 changed to $2,269
Total assets, end of year
$424,891 changed to $700,881
Total liabilities, end of year
$41,641 changed to $25,839
Net assets or fund balances, end of year
$383,250 changed to $675,042
Program services expenses
$740,110 changed to $1,154,337
Management and general expenses
$88,140 changed to $280,328
Program service expenses (Part III)
$740,110 changed to $1,154,337

Listed only on the earlier return

  • Brett Joswiak
  • Charlie Shields
  • Jay Spector
  • Kim McClure

Listed only on the later return

  • Bronwyn Beabeau
  • Kimberlee McClure
  • Marci Symington

Listed under a different title

  • Darian Townsend: DIRECTOR & C then CEO & COACH

Totals

Total revenue
$1,726,457
Total expenses
$1,434,665
Contributions and grants received
$1,242,680
Grants paid
$0
Program service revenue
$457,236
Investment income
$24,272
Other revenue
$2,269
Total assets, end of year
$700,881
Total liabilities, end of year
$25,839
Net assets or fund balances, end of year
$675,042
Program services expenses (Part IX)
$1,154,337
Management and general expenses
$280,328
Fundraising expenses
$0
Program service expenses (Part III)
$1,154,337

Program services were 80.5% 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

    $974,881

  • 1e · Government grants (contributions)

    $255,544

  • 1f · All other contributions, gifts and grants

    $12,255

  • 2a · Program service revenue: SWIM MEET REVENUE

    total $376,167 · related or exempt $376,167

  • 2b · Program service revenue: FACILITY USAGE FEES

    total $81,069 · related or exempt $81,069

  • 3 · Investment income

    total $24,272 · related or exempt $24,272

  • 10a · Gross sales of inventory

    $64,861

  • 10b · Cost of goods sold

    $62,592

  • 10c · Net income from sales of inventory

    total $2,269 · related or exempt $2,269

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $218,859 · program services $71,768 · management and general $147,091

  • 7 · Other salaries and wages

    total $359,439 · program services $358,886 · management and general $553

  • 8 · Pension plan contributions

    total $9,363 · program services $7,626 · management and general $1,737

  • 9 · Other employee benefits

    total $66,060 · program services $48,377 · management and general $17,683

  • 10 · Payroll taxes

    total $44,723 · program services $33,306 · management and general $11,417

  • 11b · Fees: legal

    total $2,300 · management and general $2,300

  • 11c · Fees: accounting

    total $7,642 · management and general $7,642

  • 11g · Fees: other

    total $32,754 · program services $7,200 · management and general $25,554

  • 13 · Office expenses

    total $50,505 · management and general $50,505

  • 16 · Occupancy

    total $344,429 · program services $344,429

  • 17 · Travel

    total $90,702 · program services $90,702

  • 22 · Depreciation, depletion and amortization

    total $22,493 · program services $22,493

  • 23 · Insurance

    total $9,587 · management and general $9,587

  • 24a · Other expenses: SWIM MEET EXPENSE

    total $139,972 · program services $139,972

  • 24b · Other expenses: PROGRAM SERVICES-COACHES

    total $18,004 · program services $18,004

  • 24c · Other expenses: POOL SUPPLIES

    total $11,574 · program services $11,574

  • 24d · Other expenses: PAYROLL SERVICES

    total $6,259 · management and general $6,259

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $344,874 · end of year $453,497

  • 2 · Savings and temporary cash investments

    beginning of year $5,432 · end of year $196,927

  • 4 · Accounts receivable

    beginning of year $13,908 · end of year $12,273

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

    $230,173

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

    $211,989

  • 10c · Land, buildings and equipment, net

    beginning of year $40,677 · end of year $18,184

  • 15 · Other assets

    beginning of year $20,000 · end of year $20,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,641 · end of year $25,839

  • 27 · Net assets without donor restrictions

    beginning of year $383,250 · end of year $675,042

Mission and programs · 2022

Mission

COMPETITIVE SWIM TEAM AND SWIM TRAINING CENTER, OFFERING LEARN TO SWIM, RECREATIONAL SWIM TEAM, COMPETITIVE SWIM TEAM, MASTERS SWIMMING WITH RELATED SPORTS, FITNESS AND AQUATICS PROGRAMS.

  • COMPETITIVE SWIM TEAM AND TRAINING PROGRAMS, INCLUDING AGE GROUP, SENIOR AND MASTERS SWIMMING, WITH COMPETITION THROUGH AFFILIATIONS WITH USA SWIMMING AND UNITED STATES MASTERS SWIMMING. APPROXIMATELY 350 TO 400 ATHLETES TRAIN ON A YEAR ROUND BASIS IN NINE DIFFERENT GROUPS, PLUS ADDITIONAL ATHLETES IN THE OUTSIDE GROUPS LISTED IN 4C BELOW.

    Expenses $889,596 · Revenue $376,167

  • SWIM MEET REVENUE - BEST SWIM CLUB, DBA PHOENIX SWIM CLUB, HOSTED MORE THAN 25 MEETS DURING THE YEAR, INCLUDING MEETS FOR USA SWIMMING, UNITED STATES MASTERS SWIMMING, ARIZONA INTERSCHOLASTIC ASSOCIATION, THE NCAA AND A COMMUNITY RECREATION PROGRAM. ATHLETE PARTICIPATION IN THESE MEETS RANGED FROM 150 TO 1,000 SWIMMERS, DEPENDING ON THE MEET. NATIONAL (MASTERS), STATE AND MEET RECORDS WERE SET IN THIS POOL FACILITY DURING THE YEAR. .

    Expenses $264,741 · Revenue $81,069

  • FACILITY USAGE FEES - BEST SWIM CLUB USES MOST OF THE DAILY WATER TIME FOR ITS OWN TRAINING GROUPS, BUT MAXIMIZES USE OF THE FACILITY BY OPENING THE POOLS TO OUTSIDE TRAINING GROUPS THROUGHOUT THE YEAR. THE OUTSIDE GROUPS PAY FACILITY USAGE FEES THAT HELP DEFRAY THE OPERATING EXPENSE OF THE POOLS AND GROUNDS WHICH IS REPORTED AS OCCUPANCY EXPENSE IN PART IX, LINE 16. NO SPECIFIC EXPENSE ALLOCATION HAS BEEN ASSIGNED TO THIS EXEMPT PURPOSE ACHIEVEMENT AS THE AMOUNT IS INCLUDED IN PART III, LINE 4A ABOVE.

As filed on the 2022 return.

Listed in Part VII

  • Darian Townsend

    CEO & COACH

    Total calculated
    $143,537
    From this org
    $143,537
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sandra Lee

    DIRECTOR & S

    Total calculated
    $75,322
    From this org
    $75,322
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • John Anson

    DIRECTOR & T

    Total calculated
    $0
    Hours/week
    1

  • Bronwyn Beabeau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberlee McClure

    DIRECTOR & P

    Total calculated
    $0
    Hours/week
    1

  • Marci Symington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
25 January 2024
IRS schema version
2022v5.0
Source object
202400489349300615

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