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Nonprofiteer
← SARASOTA SHARKS INCORPORATED

Form 990 for tax year 2024

Filed by SARASOTA SHARKS INCORPORATED.

Totals

Total revenue
$1,863,731
Total expenses
$1,898,078
Contributions and grants received
$275,061
Grants paid
$0
Program service revenue
$1,556,130
Investment income
$10,590
Other revenue
$21,950
Total assets, end of year
$3,556,694
Total liabilities, end of year
$1,793,854
Net assets or fund balances, end of year
$1,762,840
Program services expenses (Part IX)
$1,871,353
Management and general expenses
$26,597
Fundraising expenses
$128
Program service expenses (Part III)
$1,871,353

Program services were 98.6% 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)

    $233,830

  • 1f · All other contributions, gifts and grants

    $41,231

  • 2a · Program service revenue: AGE GROUP

    total $823,516 · related or exempt $823,516

  • 2b · Program service revenue: HOSTED SWIM EVENTS

    total $325,210 · related or exempt $325,210

  • 2c · Program service revenue: LEARN TO SWIM

    total $75,415 · related or exempt $75,415

  • 2d · Program service revenue: MASTERS

    total $128,592 · related or exempt $128,592

  • 2e · Program service revenue: MEET FEES

    total $56,647 · related or exempt $56,647

  • 2f · All other program service revenue

    total $146,750 · related or exempt $146,750

  • 3 · Investment income

    total $10,590 · excluded $10,590

  • 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

    $97,858

  • 10b · Cost of goods sold

    $75,908

  • 10c · Net income from sales of inventory

    total $21,950 · excluded $21,950

  • 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 $151,444 · program services $151,444

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $542,691 · program services $542,691

  • 8 · Pension plan contributions

    total $90,531 · program services $90,531

  • 9 · Other employee benefits

    total $19,733 · program services $19,733

  • 10 · Payroll taxes

    total $64,036 · program services $64,036

  • 11a · Fees: management

    total $162 · management and general $162

  • 11b · Fees: legal

    total $3,994 · program services $3,994

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $128 · fundraising $128

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $28,872 · program services $26,131 · management and general $2,741

  • 12 · Advertising and promotion

    total $4,528 · program services $4,528

  • 13 · Office expenses

    total $7,913 · management and general $7,913

  • 14 · Information technology

    total $9,646 · management and general $9,646

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $279,598 · program services $279,598

  • 17 · Travel

    total $10,814 · program services $10,814

  • 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 $113,360 · program services $113,360

  • 23 · Insurance

    total $182,169 · program services $182,169

  • 24a · Other expenses: EVENT EXPENSES

    total $159,891 · program services $159,891

  • 24b · Other expenses: CONTRACTORS

    total $86,061 · program services $86,061

  • 24c · Other expenses: POOL CHEMICALS

    total $80,322 · program services $80,322

  • 24d · Other expenses: CC FEES

    total $35,196 · program services $35,196

  • 24e · All other expenses

    total $24,489 · program services $20,854 · management and general $3,635

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187,354 · end of year $302,947

  • 2 · Savings and temporary cash investments

    beginning of year $329,415 · end of year $127,548

  • 3 · Pledges and grants receivable

    beginning of year $138,998 · end of year $132,744

  • 4 · Accounts receivable

    beginning of year $1,750 · end of year $287,996

  • 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

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,747 · end of year $56,127

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

    $1,724,088

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

    $410,451

  • 10c · Land, buildings and equipment, net

    beginning of year $1,319,613 · end of year $1,313,637

  • 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 $1,335,695

  • 17 · Accounts payable and accrued expenses

    beginning of year $225,290 · end of year $358,088

  • 25 · Other liabilities

    end of year $1,435,766

  • 27 · Net assets without donor restrictions

    beginning of year $1,797,187 · end of year $1,762,840

Mission and programs · 2024

Mission

Sarasota Sharks, Inc.operates the Selby Aquatic Center. As stewards of the aquatic center, we run a spectrum of aquatics programsand 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.

  • Provided aquatics programs and managed the pool for participants who may not have otherwise had access. Provided swimming lessons to Olympic athletes and others by Olympic coaches.

    Expenses $1,871,353

As filed on the 2024 return.

Listed in Part VII

  • Brent Arckey

    CEO

    Total calculated
    $151,443
    From this org
    $151,443
    From related orgs
    $0
    Other
    $0
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $126,443
    Bonus
    $25,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $151,443
  • Ryan Walker

    Director

    Total calculated
    $0
    Hours/week
    5
  • Dawson Hughes

    Director

    Total calculated
    $0
    Hours/week
    5
  • Cynthia Dopjera

    Director

    Total calculated
    $0
    Hours/week
    5
  • Karl Huber

    Director

    Total calculated
    $0
    Hours/week
    5
  • Missy Cleary

    Chairman

    Total calculated
    $0
    Hours/week
    5
  • Scott Custer

    Secretary

    Total calculated
    $0
    Hours/week
    5
  • Jay Clark

    Treasurer

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.2
Source object
202611349349303741

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