Totals
- Total revenue
- $1,726,781
- Total expenses
- $1,400,353
- Contributions and grants received
- $353,889
- Grants paid
- $0
- Program service revenue
- $1,366,984
- Investment income
- $80
- Other revenue
- $5,828
- Total assets, end of year
- $1,921,672
- Total liabilities, end of year
- $239,489
- Net assets or fund balances, end of year
- $1,682,183
- Program services expenses (Part IX)
- $1,226,681
- Management and general expenses
- $146,375
- Fundraising expenses
- $27,297
- Program service expenses (Part III)
- $1,226,681
Program services were 87.6% 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)
$215,536
-
1f · All other contributions, gifts and grants
$138,353
-
2a · Program service revenue: All other program svc rev
total $98,530 · related or exempt $98,530
-
2b · Program service revenue: Facility
total $115,716 · related or exempt $115,716
-
2c · Program service revenue: Hosted Swim Events/Banque
total $283,234 · related or exempt $283,234
-
2d · Program service revenue: Master Membership
total $189,756 · related or exempt $189,756
-
2e · Program service revenue: Membership Dues - Age19
total $679,748 · related or exempt $679,748
-
3 · Investment income
total $80 · related or exempt $80
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$88,309
-
10b · Cost of goods sold
$82,481
-
10c · Net income from sales of inventory
total $5,828 · excluded $5,828
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $117,138 · program services $79,654 · management and general $32,799 · fundraising $4,685
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $594,067 · program services $504,957 · management and general $83,169 · fundraising $5,941
-
8 · Pension plan contributions
total $10,308 · program services $8,762 · management and general $1,443 · fundraising $103
-
9 · Other employee benefits
total $29,487 · program services $28,013 · management and general $1,474
-
10 · Payroll taxes
total $54,894 · program services $46,660 · management and general $7,685 · fundraising $549
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $4,255 · program services $2,128 · management and general $2,127
-
11c · Fees: accounting
total $4,760 · program services $4,046 · management and general $666 · fundraising $48
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $11,406 · program services $11,406
-
12 · Advertising and promotion
total $595 · program services $595
-
13 · Office expenses
total $6,824 · program services $5,118 · management and general $1,706
-
14 · Information technology
total $13,368 · program services $10,694 · management and general $2,674
-
15 · Royalties
total $0
-
16 · Occupancy
total $196,859 · program services $195,746 · management and general $1,113
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $60,433 · program services $60,433
-
23 · Insurance
total $116,303 · program services $109,803 · management and general $6,500
-
24a · Other expenses: Event Expenses
total $177,471 · program services $177,471
-
24b · Other expenses: Pool Chemicals
total $78,512 · program services $78,512
-
24c · Other expenses: Cleaning Services /Supplies
total $40,491 · program services $40,491
-
24d · Other expenses: Credit Card & Collection Fees
total $39,572 · program services $39,572
-
24e · All other expenses
total -$156,390 · program services -$177,380 · management and general $5,019 · fundraising $15,971
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $110,529 · end of year $252,920
-
2 · Savings and temporary cash investments
beginning of year $716,034 · end of year $387,280
-
3 · Pledges and grants receivable
beginning of year $78,247 · end of year $245,102
-
4 · Accounts receivable
beginning of year $9,006 · end of year $71,321
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $107,348 · end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $35,183 · end of year $38,777
-
10a · Land, buildings and equipment: cost or other basis
$1,132,558
-
10b · Land, buildings and equipment: accumulated depreciation
$206,886
-
10c · Land, buildings and equipment, net
beginning of year $549,474 · end of year $925,672
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $600 · end of year $600
-
17 · Accounts payable and accrued expenses
beginning of year $230,677 · end of year $232,434
-
24 · Unsecured notes and loans payable
beginning of year $16,048
-
25 · Other liabilities
beginning of year $3,941 · end of year $7,055
-
27 · Net assets without donor restrictions
beginning of year $1,355,755 · end of year $1,682,183
Mission and programs · 2022
Mission
Starting with swimmers at all levels, Sarasota Sharks develop champions in life. Through swimming instruction and coaching, we provide a framework for positive physical and character development for each athlete using our core values of integrity, resiliency, teamwork, respect, and self-discipline.
Activities or mission (Part I)
Sarasota Sharks, Inc.operates the Selby Aquatic Center. As stewards of the aquatic center, we run a spectrum of aquatics programs and manage the pool. These programs include but are not limited to competitive swimming, lessons, masters swimming, open swim, synchronized swimming, water polo, community programs, training/rental and events.
-
The Sarasota Sharks is a world class program in all aspects. The Sarasota Sharks have produced athletes at the state, regional, national, and international levels. This includes records at the state, American and World level.In addition to high level swimming, we average millions of dollars a year in economic impact through the operations of the facility. Providing a venue and a mechanism for safe and competitive swimming is something the Sharks have been doing for decades and something that we have excelled at over the years.
Expenses $1,226,681 · Revenue $1,366,984
As filed on the 2022 return.
Listed in Part VII
-
Brent Arckey
CEO
- Total calculated
- $117,138
- From this org
- $117,138
- From related orgs
- $0
- Other
- $0
- Hours/week
- 70
-
Ryan Walker
Chairman
- Total calculated
- $0
- Hours/week
- 10
-
Jay Clark
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Carl Weinrich
Director
- Total calculated
- $0
- Hours/week
- 5
-
Dr Karen Hamad
Director
- Total calculated
- $0
- Hours/week
- 5
-
Missy Cleary
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Karl Huber
Director
- Total calculated
- $0
- Hours/week
- 5
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
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349302850
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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