← INTERNATIONAL SWIMMING HALL OF FAME INC

Form 990 for tax year 2022

Filed by INTERNATIONAL SWIMMING HALL OF FAME INC.

Totals

Total revenue: $1,765,470
Total expenses: $1,500,266
Contributions and grants received: $1,216,003
Grants paid: $0
Program service revenue: $37,273
Investment income: $10,761
Other revenue: $501,433
Total assets, end of year: $4,500,783
Total liabilities, end of year: $299,323
Net assets or fund balances, end of year: $4,201,460
Program services expenses (Part IX): $887,002
Management and general expenses: $278,714
Fundraising expenses: $334,550
Program service expenses (Part III): $887,002

Program services were 59.1% 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.

1c · Fundraising events

$126,005
1f · All other contributions, gifts and grants

$1,089,998
1g · Noncash contributions included above

$498,932
2a · Program service revenue: MEMBERSHIP DUES

total $35,478 · related or exempt $35,478
2b · Program service revenue: ADMISSIONS

total $1,795 · related or exempt $1,795
3 · Investment income

total $4,660 · excluded $4,660
7a · Gross sales of assets other than inventory

securities $456,017
7b · Less cost or other basis and sales expenses

securities $449,916
7c · Gain or loss

securities $6,101
7d · Net gain or loss

total $6,101 · excluded $6,101
8a · Fundraising events: gross income

$68,052
8a · Fundraising events: contributions included on line 1c

$126,005
8b · Fundraising events: direct expenses

$68,052
10a · Gross sales of inventory

$100,875
10b · Cost of goods sold

$168,891
10c · Net income from sales of inventory

total -$68,016 · related or exempt -$68,016
11a · Other revenue: FORGIVENESS OF DEBT

total $250,000 · excluded $250,000
11b · Other revenue: ADVERTISING

total $227,058 · unrelated business $227,058
11c · Other revenue: SUBSCRIPTIONS

total $91,776 · excluded $91,776
11d · All other revenue

total $615 · related or exempt $615
11e · Other revenue, total

$569,449

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $317,592 · program services $63,517 · management and general $165,558 · fundraising $88,517
7 · Other salaries and wages

total $342,266 · program services $268,202 · management and general $14,663 · fundraising $59,401
9 · Other employee benefits

total $57,220 · program services $28,766 · management and general $15,627 · fundraising $12,827
10 · Payroll taxes

total $35,248 · program services $17,720 · management and general $9,627 · fundraising $7,901
11b · Fees: legal

total $11,740 · management and general $11,740
11c · Fees: accounting

total $14,500 · management and general $14,500
11g · Fees: other

total $250,136 · program services $156,344 · management and general $18,955 · fundraising $74,837
12 · Advertising and promotion

total $1,430 · program services $125 · fundraising $1,305
14 · Information technology

total $55,611 · program services $55,611
16 · Occupancy

total $166,879 · program services $163,264 · management and general $3,233 · fundraising $382
17 · Travel

total $17,666 · program services $13,525 · management and general $2,396 · fundraising $1,745
22 · Depreciation, depletion and amortization

total $28,369 · program services $27,223 · management and general $1,146
23 · Insurance

total $16,781 · program services $13,114 · management and general $3,415 · fundraising $252
24a · Other expenses: FUNDRAISING EVENTS

total $80,554 · fundraising $80,554
24b · Other expenses: PRODUCTION COSTS

total $58,763 · program services $58,763
24c · Other expenses: SUPPLIES

total $12,762 · program services $3,945 · management and general $8,817
24d · Other expenses: PRINTING

total $12,156 · program services $12,148 · management and general $4 · fundraising $4
24e · All other expenses

total $20,593 · program services $4,735 · management and general $9,033 · fundraising $6,825

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $297,564 · end of year $109,544
3 · Pledges and grants receivable

end of year $121,322
4 · Accounts receivable

beginning of year $6,864 · end of year $1,689
8 · Inventories for sale or use

beginning of year $64,905 · end of year $50,097
9 · Prepaid expenses and deferred charges

beginning of year $18,759 · end of year $13,093
10a · Land, buildings and equipment: cost or other basis

$1,014,493
10b · Land, buildings and equipment: accumulated depreciation

$951,195
10c · Land, buildings and equipment, net

beginning of year $91,954 · end of year $63,298
11 · Investments: publicly traded securities

beginning of year $521,252 · end of year $698,182
15 · Other assets

beginning of year $11,020,613 · end of year $3,443,558
17 · Accounts payable and accrued expenses

beginning of year $36,138 · end of year $129,842
19 · Deferred revenue

beginning of year $127,432 · end of year $169,481
22 · Loans and payables to officers and key people

beginning of year $250,000
25 · Other liabilities

beginning of year $10,000
27 · Net assets without donor restrictions

beginning of year -$89,593 · end of year $90,582
28 · Net assets with donor restrictions

beginning of year $11,687,934 · end of year $4,110,878

Mission and programs · 2022

Mission

TO COLLABORATE WITH AQUATIC ORGANIZATIONS WORLDWIDE TO PRESERVE, EDUCATE AND CELEBRATE THE HISTORY OF AQUATIC SPORTS WHILE PROMOTING EVERY CHILD A SWIMMER.

Activities or mission (Part I)

HALL OF FAME INDUCTION OCTOBER 14 AND 15, 2022. APPROXIMATELY 325 PERSONS ATTENDED.

THE ORGANIZATION PROVIDES THE MEANS AND PROGRAMS TO RECOGNIZE INDIVIDUALS, ATHLETES AND ORGANIZATIONS FOR THEIR ACHIEVEMENTS IN AQUATIC SPORTS. THE ORGANIZATION PROMOTES SWIMMING AND SWIMMING SAFETY AWARENESS THROUGH ITS MANY ACTIVITIES AS WELL AS MAINTAINING A MUSEUM CONTAINING HISTORICAL MATERIAL, MEMORABILIA, EDUCATIONAL LITERATURE, MEDALS, AND ARCHIVES OF INTERNATIONAL AND NATIONAL AQUATIC ORGANIZATIONS. OTHER ACTIVITIES INCLUDE OPERATION OF A WEEKLY WEB MAGAZINE, MONTHLY WEB MAGAZINE, MONTHLY PRINT MAGAZINE, LIBRARY, MUSEUM GIFT SHOP, AUDITORIUM, THE SPONSORING OF CERTAIN AQUATIC EVENTS, AND INTERNATIONAL MISSIONS AND EXHIBITIONS. APPROXIMATELY 200,000 PEOPLE HAVE BENEFITED DIRECTLY FROM OUR OPERATIONS AND HUNDREDS OF THOUSANDS THROUGH OUR WEBSITE.

Expenses $887,002 · Revenue $37,273

As filed on the 2022 return.

Listed in Part VII

BRENT RUTEMILLER

CEO

Total calculated

$255,091

From this org

$57,291

From related orgs

$0

Other

$197,800

Hours/week

40

Schedule J breakdown matched by us

Base

$57,291

Bonus

not reported

Other

not reported

Deferred

$197,800

Nontaxable benefits

not reported

Filer's total

$255,091
WILLIAM A KENT

CHAIRMAN

Total calculated

$0

Hours/week

1
STEVE HASTY

VICE CHAIRMA

Total calculated

$0

Hours/week

1
MIKE DOOLEY

SECRETARY

Total calculated

$0

Hours/week

1
MATT MCKEAN

TREASURER

Total calculated

$0

Hours/week

1
DAVID ARLUCK

BOARD MEMBER

Total calculated

$0

Hours/week

1
STATHIS AVRAMIDIS PHD

BOARD MEMBER

Total calculated

$0

Hours/week

1
BOBBY BREWER

BOARD MEMBER

Total calculated

$0

Hours/week

1
SANDRA BUCHA

BOARD MEMBER

Total calculated

$0

Hours/week

1
MARIO CAPRINI

BOARD MEMBER

Total calculated

$0

Hours/week

1
NED DENISON

BOARD MEMBER

Total calculated

$0

Hours/week

1
DAVID DUDA

BOARD MEMBER

Total calculated

$0

Hours/week

1
JOHN ELLSWORTH

BOARD MEMBER

Total calculated

$0

Hours/week

1
STEVE GLASSMAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
AARON PEIRSOL

BOARD MEMBER

Total calculated

$0

Hours/week

1
DARA TORRES

BOARD MEMBER

Total calculated

$0

Hours/week

1
STEVE WEST

BOARD MEMBER

Total calculated

$0

Hours/week

1
ANNE SCHMIDT

CEO

Total calculated

$62,500

From this org

$62,500

From related orgs

$0

Other

$0

Hours/week

40

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

3 · Approval by the board or compensation committee
4a · Severance or change-of-control payment

Answered no

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

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4: BRENT RUTEMILLER 197,800 0 0

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: 2022
Filed: 15 May 2023
IRS schema version: 2022v5.0
Source object: 202301529349300740

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