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Nonprofiteer
← NEWPORT AQUATIC CENTER

Form 990 for tax year 2023

Filed by NEWPORT AQUATIC CENTER.

Totals

Total revenue
$2,078,223
Total expenses
$2,488,189
Contributions and grants received
$870,583
Grants paid
$0
Program service revenue
$1,092,503
Investment income
$5,313
Other revenue
$109,824
Total assets, end of year
$1,514,734
Total liabilities, end of year
$416,766
Net assets or fund balances, end of year
$1,097,968
Program services expenses (Part IX)
$1,572,585
Management and general expenses
$915,604
Fundraising expenses
$0
Program service expenses (Part III)
$1,572,585

Program services were 63.2% 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

    $597,060

  • 1f · All other contributions, gifts and grants

    $273,523

  • 2a · Program service revenue: CLASSES/CAMPS

    total $218,554 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: PROGRAM SERVICES

    total $873,949 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,243 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $83,000 · other assets $0

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

    securities $78,930 · other assets $0

  • 7c · Gain or loss

    securities $4,070 · other assets $0

  • 7d · Net gain or loss

    total $4,070 · related or exempt $4,070 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $180,546

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

    $180,546

  • 8b · Fundraising events: direct expenses

    $170,572

  • 8c · Net income from fundraising events

    total $9,974 · unrelated business $0 · excluded $9,974

  • 10a · Gross sales of inventory

    $15,526

  • 10b · Cost of goods sold

    $11,077

  • 10c · Net income from sales of inventory

    total $4,449 · related or exempt $4,449

  • 11a · Other revenue: EQUIPMENT RENTAL

    total $22,549 · related or exempt $22,549 · unrelated business $0 · excluded $0

  • 11b · Other revenue: EQUIPMENT SALES

    total $38,931 · related or exempt $38,931 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $33,921 · related or exempt $33,921 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $95,401

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $108,000 · program services $40,392 · management and general $67,608 · fundraising $0

  • 7 · Other salaries and wages

    total $1,215,888 · program services $784,405 · management and general $431,483 · fundraising $0

  • 13 · Office expenses

    total $45,659 · program services $25,046 · management and general $20,613 · fundraising $0

  • 20 · Interest

    total $1,461 · program services $0 · management and general $1,461 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $222,660 · program services $165,591 · management and general $57,069 · fundraising $0

  • 24a · Other expenses: AUTO EXPENSE

    total $23,270 · program services $10,912 · management and general $12,358 · fundraising $0

  • 24b · Other expenses: SERVICE FEES

    total $88,925 · program services $45,852 · management and general $43,073 · fundraising $0

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $1,365 · program services $1,365 · management and general $0 · fundraising $0

  • 24d · Other expenses: SHIPPING & HANDLING

    total $1,564 · program services $1,564 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $779,397 · program services $497,458 · management and general $281,939 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $244,512 · end of year $84,767

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,069 · end of year $31,860

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

    $4,665,656

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

    $3,275,384

  • 10c · Land, buildings and equipment, net

    beginning of year $1,500,191 · end of year $1,390,272

  • 11 · Investments: publicly traded securities

    beginning of year $76,204

  • 12 · Investments: other securities

    beginning of year $0 · end of year $7,835

  • 17 · Accounts payable and accrued expenses

    beginning of year $163,344 · end of year $71,985

  • 19 · Deferred revenue

    beginning of year $101,910 · end of year $238,540

  • 25 · Other liabilities

    beginning of year $66,692 · end of year $106,241

  • 27 · Net assets without donor restrictions

    beginning of year $1,366,662 · end of year $1,085,068

  • 28 · Net assets with donor restrictions

    beginning of year $146,368 · end of year $12,900

Mission and programs · 2023

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.

  • JR. ROWING Womens Varsity 8+ placed 3rd at Nationals, first medal in program history in that category Womens 2V 8+ placed 2nd at Nationals :Mens 2- were Nationals Champions Womens U17 4+ placed 3rd at Nationals :14/14 Womens Team Seniors were recruited to Row Division 1 in College:Womens Team Won JV 8 at San Diego Crew Classic: Womens Youth Team Points Trophy at Southwest Regionals Womens U17 4+ placed 1st at Regionals :Womens Youth 8+ placed 2nd at Regionals : Womens Youth 3V placed 2nd at Regionals :Womens U17 8+ placed 3rd at Regionals Mens U17 8+ placed 14th at Nationals : Mens Youth 8+ placed 2nd at Regionals Mens U17 8+ placed 14th at Nationals : Mens Youth 8+ placed 2nd at Regionals

    Expenses $1,276,451 · Revenue $1,021,382

  • OUTRIGGER NAC sent 6 paddlers to IVF World Distance Championships

    Expenses $132,141 · Revenue $148,841

  • WOW

    Expenses $82,819 · Revenue $60,080

  • Dragon Boat

    Expenses $36,874 · Revenue $24,252

  • WATERMAN Number of cancer fighters served: 90 Number of week-long cancer support & adventure camps: 2 Secured a new camp location at the premiere Emerald Bay on Catalina Island Number of local day adventures: 4 6 cancer survivors and fighters competed in the Wild Buffalo Relay (32 miles across the Catalina Channel in a 6-person Outrigger Canoe).

    Expenses $44,300 · Revenue $2,580

As filed on the 2023 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
    $108,000
    From this org
    $108,000
    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
2023
Filed
26 October 2024
IRS schema version
2023v5.1
Source object
202403189349311805

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