Form 990 for tax year 2022
Filed by WALTER SCHROEDER AQUATIC CENTER LTD.
Totals
- Total revenue
- $1,667,883
- Total expenses
- $1,578,085
- Contributions and grants received
- $273,529
- Grants paid
- $0
- Program service revenue
- $1,342,850
- Investment income
- $32,123
- Other revenue
- $19,381
- Total assets, end of year
- $2,859,013
- Total liabilities, end of year
- $657,382
- Net assets or fund balances, end of year
- $2,201,631
- Program services expenses (Part IX)
- $1,305,810
- Management and general expenses
- $214,949
- Fundraising expenses
- $57,326
- Program service expenses (Part III)
- $1,305,810
Program services were 82.7% 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.
-
1f · All other contributions, gifts and grants
$273,529
-
2a · Program service revenue: OTHER PROGRAM INCOME
total $530,591 · related or exempt $530,591
-
2b · Program service revenue: SWIM & DIVE TEAM DUES
total $527,305 · related or exempt $527,305
-
2c · Program service revenue: SWIM MEET FEES
total $166,209 · related or exempt $166,209
-
2d · Program service revenue: WSAC HOSTED FEES
total $118,745 · related or exempt $118,745
-
3 · Investment income
total $32,123 · excluded $32,123
-
10a · Gross sales of inventory
$23,551
-
10b · Cost of goods sold
$29,706
-
10c · Net income from sales of inventory
total -$6,155 · related or exempt -$6,155
-
11a · Other revenue: MISCELLANEOUS INCOME
total $25,536 · excluded $25,536
-
11e · Other revenue, total
$25,536
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $769,300 · program services $576,975 · management and general $153,860 · fundraising $38,465
-
8 · Pension plan contributions
total $11,402 · program services $8,552 · management and general $2,280 · fundraising $570
-
11g · Fees: other
total $9,492 · management and general $1,750 · fundraising $7,742
-
12 · Advertising and promotion
total $6,425 · program services $3,212 · fundraising $3,213
-
13 · Office expenses
total $13,981 · program services $10,486 · management and general $2,796 · fundraising $699
-
17 · Travel
total $94,231 · program services $94,231
-
20 · Interest
total $24,030 · program services $18,023 · management and general $4,801 · fundraising $1,206
-
22 · Depreciation, depletion and amortization
total $103,955 · program services $103,955
-
23 · Insurance
total $56,821 · program services $56,821
-
24a · Other expenses: RENT TO YMCA
total $221,831 · program services $221,831
-
24b · Other expenses: SWIM & DIVE MEET EXPENSES
total $112,046 · program services $112,046
-
24c · Other expenses: FACILITIES MAINTENANCE
total $108,614 · program services $97,752 · management and general $5,431 · fundraising $5,431
-
24d · Other expenses: PROFESSIONAL FEES
total $44,031 · management and general $44,031
-
24e · All other expenses
total $1,926 · program services $1,926
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $526,775 · end of year $409,326
-
4 · Accounts receivable
beginning of year $2,480 · end of year $5,740
-
10a · Land, buildings and equipment: cost or other basis
$2,602,581
-
10b · Land, buildings and equipment: accumulated depreciation
$1,282,344
-
10c · Land, buildings and equipment, net
beginning of year $1,368,411 · end of year $1,320,237
-
14 · Intangible assets
beginning of year $9,833 · end of year $3,935
-
15 · Other assets
beginning of year $968,728 · end of year $1,119,775
-
17 · Accounts payable and accrued expenses
beginning of year $16,055 · end of year $63,833
-
23 · Secured mortgages and notes payable
beginning of year $580,855 · end of year $557,810
-
24 · Unsecured notes and loans payable
beginning of year $38,820 · end of year $35,739
-
27 · Net assets without donor restrictions
beginning of year $1,271,769 · end of year $1,332,302
-
28 · Net assets with donor restrictions
beginning of year $968,728 · end of year $869,329
Mission and programs · 2022
Mission
TO SECURE WALTER SCHROEDER AQUATIC CENTER (WASC) FOR FUTURE GENERATIONS OF COMPETITIVE AQUATIC PARTICIPANTS IN METROPOLITAN MILWAUKEE, WISCONSIN AND MIDWEST REGION.
-
TO SECURE WALTER SCHROEDER AQUATIC CENTER (WASC) FOR FUTURE GENERATIONS OF COMPETITIVE AQUATIC PARTICIPANTS IN METROPOLITAN MILWAUKEE, WISCONSIN AND MIDWEST REGION.
Expenses $1,305,810 · Revenue $1,342,850
As filed on the 2022 return.
Listed in Part VII
-
DAVID ANDERSON
PRESIDENT
- Total calculated
- $0
-
MATT MILLER
VICE PRES./T
- Total calculated
- $0
-
LINDSEY KING
SECRETARY
- Total calculated
- $0
-
MICHAEL OXMAN
DIRECTOR
- Total calculated
- $0
-
VICTOR LECLERE
DIRECTOR
- Total calculated
- $0
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
- 23 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301779349301025
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