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Nonprofiteer
← INTERNATIONAL SWIMMING HALL OF FAME INC

Form 990 for tax year 2023

Filed by INTERNATIONAL SWIMMING HALL OF FAME INC.

Totals

Total revenue
$949,412
Total expenses
$1,094,791
Contributions and grants received
$712,544
Grants paid
$0
Program service revenue
$30,622
Investment income
-$22,621
Other revenue
$228,867
Total assets, end of year
$841,026
Total liabilities, end of year
$143,047
Net assets or fund balances, end of year
$697,979
Program services expenses (Part IX)
$629,573
Management and general expenses
$185,059
Fundraising expenses
$280,159
Program service expenses (Part III)
$629,573

Program services were 57.5% 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

    $205,329

  • 1f · All other contributions, gifts and grants

    $507,215

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $30,622 · related or exempt $30,622

  • 3 · Investment income

    total $4,413 · excluded $4,413

  • 7a · Gross sales of assets other than inventory

    securities $1,114,152

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

    securities $1,105,712 · other assets $35,474

  • 7c · Gain or loss

    securities $8,440 · other assets -$35,474

  • 7d · Net gain or loss

    total -$27,034 · related or exempt -$35,474 · excluded $8,440

  • 8a · Fundraising events: gross income

    $72,449

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

    $205,329

  • 8b · Fundraising events: direct expenses

    $72,449

  • 10a · Gross sales of inventory

    $185,972

  • 10b · Cost of goods sold

    $189,440

  • 10c · Net income from sales of inventory

    total -$3,468 · related or exempt -$3,468

  • 11a · Other revenue: ADVERTISING

    total $142,658 · unrelated business $142,658

  • 11b · Other revenue: SUBSCRIPTIONS

    total $85,392 · excluded $85,392

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $4,285 · related or exempt $4,285

  • 11e · Other revenue, total

    $232,335

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $26,042 · program services $5,209 · management and general $5,208 · fundraising $15,625

  • 7 · Other salaries and wages

    total $295,414 · program services $149,135 · management and general $75,719 · fundraising $70,560

  • 8 · Pension plan contributions

    total $3,016 · program services $1,448 · management and general $759 · fundraising $809

  • 9 · Other employee benefits

    total $21,044 · program services $11,373 · management and general $728 · fundraising $8,943

  • 10 · Payroll taxes

    total $24,924 · program services $11,967 · management and general $6,275 · fundraising $6,682

  • 11b · Fees: legal

    total $17,853 · management and general $17,853

  • 11c · Fees: accounting

    total $15,650 · management and general $15,650

  • 11g · Fees: other

    total $190,310 · program services $177,935 · fundraising $12,375

  • 12 · Advertising and promotion

    total $29,438 · management and general $29,438

  • 13 · Office expenses

    total $16,960 · program services $2,042 · management and general $14,918

  • 16 · Occupancy

    total $21,990 · program services $7,330 · management and general $10,995 · fundraising $3,665

  • 17 · Travel

    total $35,831 · program services $35,831

  • 22 · Depreciation, depletion and amortization

    total $26,896 · program services $25,809 · management and general $1,087

  • 23 · Insurance

    total $17,094 · program services $13,308 · management and general $3,501 · fundraising $285

  • 24a · Other expenses: FUNDRAISING EVENTS

    total $159,922 · fundraising $159,922

  • 24b · Other expenses: SWIM LESSONS

    total $77,736 · program services $77,736

  • 24c · Other expenses: PRODUCTION COSTS

    total $76,573 · program services $76,573

  • 24d · Other expenses: PUBLIC RELATIONS

    total $24,546 · program services $24,546

  • 24e · All other expenses

    total $13,552 · program services $9,331 · management and general $2,928 · fundraising $1,293

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,544 · end of year $437,542

  • 3 · Pledges and grants receivable

    beginning of year $121,322

  • 4 · Accounts receivable

    beginning of year $1,689 · end of year $10,884

  • 8 · Inventories for sale or use

    beginning of year $50,097 · end of year $30,748

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,093

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

    $7,035

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

    $6,378

  • 10c · Land, buildings and equipment, net

    beginning of year $63,298 · end of year $657

  • 11 · Investments: publicly traded securities

    beginning of year $698,182 · end of year $304,527

  • 15 · Other assets

    beginning of year $3,443,558 · end of year $56,668

  • 17 · Accounts payable and accrued expenses

    beginning of year $129,842 · end of year $40,399

  • 19 · Deferred revenue

    beginning of year $169,481 · end of year $102,648

  • 27 · Net assets without donor restrictions

    beginning of year $90,582 · end of year -$33,589

  • 28 · Net assets with donor restrictions

    beginning of year $4,110,878 · end of year $731,568

Mission and programs · 2023

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 SEPTEMBER 29 AND 30, 2023. APPROXIMATELY 700 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, LIBRARY, MUSEUM GIFT SHOP, THE SPONSORING OF CERTAIN AQUATIC EVENTS, AND INTERNATIONAL MISSIONS AND EXHIBITIONS. APPROXIMATELY 50,000 PEOPLE HAVE BENEFITED DIRECTLY FROM OUR OPERATIONS AND HUNDREDS OF THOUSANDS THROUGH OUR WEBSITE.

    Expenses $629,573 · Revenue $30,622

As filed on the 2023 return.

Listed in Part VII

  • 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

  • Matthew McKean

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Arluck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stathis Avramidis

    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

  • Steven 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

  • Christine Yates

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anne Schmidt

    CEO

    Total calculated
    $26,042
    From this org
    $26,042
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
20 May 2024
IRS schema version
2023v5.0
Source object
202412009349300501

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