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Nonprofiteer
← STEW LEONARD III WATER SAFETY FOUNDATION INC

Form 990 for tax year 2024

Filed by STEW LEONARD III WATER SAFETY FOUNDATION INC.

Totals

Total revenue
$2,275,737
Total expenses
$2,250,150
Contributions and grants received
$142,093
Grants paid
$402,621
Program service revenue
$1,780,698
Investment income
$64,883
Other revenue
$288,063
Total assets, end of year
$5,400,955
Total liabilities, end of year
$1,640,510
Net assets or fund balances, end of year
$3,760,445
Program services expenses (Part IX)
$1,826,325
Management and general expenses
$213,924
Fundraising expenses
$209,901
Program service expenses (Part III)
$1,826,325

Program services were 81.2% 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.

  • 1f · All other contributions, gifts and grants

    $142,093

  • 2a · Program service revenue: SWIM LESSONS

    total $1,745,238 · related or exempt $1,745,238

  • 2b · Program service revenue: SWIM MERCHANDISE

    total $35,460 · related or exempt $35,460

  • 3 · Investment income

    total $33,396 · excluded $33,396

  • 7a · Gross sales of assets other than inventory

    securities $1,742,643

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

    securities $1,711,156

  • 7c · Gain or loss

    securities $31,487

  • 7d · Net gain or loss

    total $31,487 · excluded $31,487

  • 8a · Fundraising events: gross income

    $502,111

  • 8b · Fundraising events: direct expenses

    $214,048

  • 8c · Net income from fundraising events

    total $288,063 · excluded $288,063

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $402,621 · program services $402,621

  • 7 · Other salaries and wages

    total $654,050 · program services $638,820 · management and general $15,230

  • 9 · Other employee benefits

    total $42,950 · program services $42,950

  • 10 · Payroll taxes

    total $63,165 · program services $63,165

  • 11a · Fees: management

    total $377,557 · program services $31,021 · management and general $137,295 · fundraising $209,241

  • 11f · Fees: investment management

    total $13,674 · management and general $13,674

  • 11g · Fees: other

    total $9,450 · management and general $9,450

  • 12 · Advertising and promotion

    total $1,595 · program services $1,595

  • 13 · Office expenses

    total $6,590 · management and general $6,590

  • 16 · Occupancy

    total $133,544 · program services $133,544

  • 17 · Travel

    total $3,078 · management and general $3,078

  • 22 · Depreciation, depletion and amortization

    total $101,718 · program services $101,718

  • 24a · Other expenses: INSURANCE

    total $140,235 · program services $140,235

  • 24b · Other expenses: CREDIT CARD FEES

    total $68,734 · program services $51,633 · management and general $17,101

  • 24c · Other expenses: SUPPLIES

    total $57,559 · program services $55,913 · management and general $986 · fundraising $660

  • 24d · Other expenses: UTILITIES

    total $54,959 · program services $54,959

  • 24e · All other expenses

    total $118,671 · program services $108,151 · management and general $10,520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,569 · end of year $257,354

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,498 · end of year $76,947

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

    $2,404,094

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

    $160,981

  • 10c · Land, buildings and equipment, net

    beginning of year $2,242,087 · end of year $2,243,113

  • 11 · Investments: publicly traded securities

    beginning of year $797,794 · end of year $1,022,320

  • 12 · Investments: other securities

    beginning of year $404,899 · end of year $230,364

  • 15 · Other assets

    beginning of year $1,628,367 · end of year $1,570,857

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,523 · end of year $64,703

  • 25 · Other liabilities

    beginning of year $1,630,617 · end of year $1,575,807

  • 27 · Net assets without donor restrictions

    beginning of year $3,227,074 · end of year $3,716,549

  • 28 · Net assets with donor restrictions

    beginning of year $400,000 · end of year $43,896

Mission and programs · 2024

Mission

THE FOUNDATION'S MISSION IS TO SAVE LIVES, ONE SWIM LESSON AT A TIME AND THROUGH WATER SAFETY EDUCATION. THIS IS ACHIEVED BY FUNDING THOUSANDS OF SWIM LESSONS FOR CHILDREN IN NEED, PUBLIC AWARENESS CAMPAIGNS, AND PROVISION OF SWIM LESSONS AT STEWIE THE DUCK SWIM SCHOOL.

Activities or mission (Part I)

THE FOUNDATION'S MISSION IS TO SAVE LIVES, ONE SWIM LESSON AT A TIME THROUGH WATER SAFETY EDUCATION.

  • SUPPORT FOR FREE AND LOW-COST SWIMMING LESSONS FOR CHILDREN IN NEED, WATER SAFETY EDUCATION, AND RELATED ACTIVITIES.

    Expenses $426,704 · Grants $402,621

  • PROVIDE SWIMMING LESSONS THROUGH THE STEWIE THE DUCK SWIM SCHOOL

    Expenses $1,399,621 · Revenue $1,780,698

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stewart J Leonard Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 50 related

  • Kimberly Kral Leonard

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 50 related

  • Robert Kral

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Blake Ann Leonard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Chase Alexandra Leonard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Ryann Leonard Grossbard

    DIRECTOR

    Total calculated
    $83,077
    From this org
    $0
    From related orgs
    $83,077
    Other
    $0
    Hours/week
    10 + 30 related

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • STEW LEONARD'S DAIRY

    N/A · DAIRY AND FOOD · CT

  • STEWIE THE DUCK SWIM SCHOOL LLC

    N/A · PROVIDES MANAGEMENT SERVICES TO THE FOUNDATION · CT

  • STEW LEONARD'S REALTY

    N/A · LEASES BUILDING FOR SWIM SCHOOL OPERATIONS · CT

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543169349303029

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