Totals
- Total revenue
- $1,101,903
- Total expenses
- $948,551
- Contributions and grants received
- $324,196
- Grants paid
- $99,511
- Program service revenue
- $753,747
- Investment income
- $19,797
- Other revenue
- $4,163
- Total assets, end of year
- $1,465,817
- Total liabilities, end of year
- $149,427
- Net assets or fund balances, end of year
- $1,316,390
- Program services expenses (Part IX)
- $822,427
- Management and general expenses
- $126,124
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $822,427
Program services were 86.7% 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.
-
1b · Membership dues
$324,196
-
2a · Program service revenue: Swim meet and entry fe
total $748,488 · related or exempt $748,488
-
2b · Program service revenue: Swim meet equipment re
total $5,259 · related or exempt $5,259
-
3 · Investment income
total $19,797 · excluded $19,797
-
11a · Other revenue: Miscellaneous revenue
total $4,163 · related or exempt $4,163
-
11e · Other revenue, total
$4,163
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $52,900 · program services $52,900
-
2 · Grants to domestic individuals
total $46,611 · program services $46,611
-
5 · Compensation of officers, directors and key employees
total $50,000 · management and general $50,000
-
7 · Other salaries and wages
total $77,419 · program services $33,919 · management and general $43,500
-
10 · Payroll taxes
total $9,748 · program services $2,595 · management and general $7,153
-
11a · Fees: management
total $48,638 · program services $48,638
-
11c · Fees: accounting
total $7,900 · management and general $7,900
-
11f · Fees: investment management
total $5,942 · management and general $5,942
-
11g · Fees: other
total $101,678 · program services $101,678
-
12 · Advertising and promotion
total $575 · management and general $575
-
13 · Office expenses
total $5,321 · program services $1,995 · management and general $3,326
-
14 · Information technology
total $5,173 · management and general $5,173
-
19 · Conferences, conventions and meetings
total $765 · management and general $765
-
24a · Other expenses: Pool and other rental
total $448,910 · program services $448,910
-
24b · Other expenses: Meet supplies and hospi
total $53,089 · program services $53,089
-
24c · Other expenses: Equipment rental and st
total $25,275 · program services $25,275
-
24d · Other expenses: Apparel and supplies
total $5,617 · program services $5,617
-
24e · All other expenses
total $2,990 · program services $1,200 · management and general $1,790
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $228,938 · end of year $127,123
-
2 · Savings and temporary cash investments
beginning of year $598,779 · end of year $374,535
-
4 · Accounts receivable
beginning of year $11,295 · end of year $15,016
-
9 · Prepaid expenses and deferred charges
beginning of year $35
-
10a · Land, buildings and equipment: cost or other basis
$64,449
-
10b · Land, buildings and equipment: accumulated depreciation
$64,449
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $392,756 · end of year $948,143
-
15 · Other assets
beginning of year $1,000 · end of year $1,000
-
17 · Accounts payable and accrued expenses
beginning of year $17,100 · end of year $47,720
-
19 · Deferred revenue
beginning of year $94,601 · end of year $101,707
-
27 · Net assets without donor restrictions
beginning of year $1,121,102 · end of year $1,316,390
Mission and programs · 2023
Mission
Promotes competitive swimming and fosters equal access to competitive opportunities for swimmers of all ages and abilities in accordance with the rules, regulations and standards of PVS, USA Swimming and World Aquatics.
Activities or mission (Part I)
Governing body for competitive swimming in the DC Metro area.
-
PVS championship and sanctioned swim meets - conducted and sanctioned swim meets in the DC Metro area for approximately 13,000 athletes. PVS also organizes a team of swimmers to represent PVS at the Eastern Zone Long Course championship meet.
Expenses $731,690 · Grants $52,900 · Revenue $757,910
-
Membership- The annual PVS membership allows membership with the USA Swimming organization and allows athletes to participate in meets and club practices.
Expenses $36,514
-
Education and advancement - PVS provides education and support to officials through workshops, membership support, and clinics in order to improve all aspects of competitive swimming. Subjects include competitive swimming rules and regulations, club management, inclusion and diversity, and USA Swimming's Safe Sport initiative.
Expenses $54,223 · Grants $46,611
As filed on the 2023 return.
Listed in Part VII
-
Cherlynn Venit
General Chair
- Total calculated
- $0
- Hours/week
- 12
-
Ellen Colket
Finance Vice Chair
- Total calculated
- $0
- Hours/week
- 8
-
Erik Collins
Age Group Vice Chair
- Total calculated
- $0
- Hours/week
- 4
-
Tom Ugast
Operations Vice Chair
- Total calculated
- $0
- Hours/week
- 4
-
Samantha Gilbert
Senior Athletes Representa
- Total calculated
- $0
- Hours/week
- 4
-
Harper Freeman
Junior Athletes Representa
- Total calculated
- $0
- Hours/week
- 4
-
Nicole Zhang
At-Large Athlete Represent
- Total calculated
- $0
- Hours/week
- 4
-
Trish Buswell
Administrative Vice Chair
- Total calculated
- $0
- Hours/week
- 4
-
Aaron Dean
Senior Vice Chair
- Total calculated
- $0
- Hours/week
- 4
-
Barb Ship
Officials Representative
- Total calculated
- $0
- Hours/week
- 8
-
Clifford Gordon
Inclusion/Diversity Chair
- Total calculated
- $0
- Hours/week
- 4
-
Greg York
Safe Sport Chair
- Total calculated
- $0
- Hours/week
- 4
-
Andrew Koons
Senior Coaches Representative
- Total calculated
- $0
- Hours/week
- 4
-
Nicole Erickson
Junior Coaches Representative
- Total calculated
- $0
- Hours/week
- 4
-
Tim Husson
Immediate Past General Chair
- Total calculated
- $0
- Hours/week
- 0
-
Kimberly Bullers
Treasurer
- Total calculated
- $46,000
- From this org
- $46,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
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
-
Nation's Capital Swim Club
$24,000
Athlete travel grants
-
Rockville Montgomery Swim Club
$11,200
Athlete travel grants
-
Arlington Aquatic Club
$7,700
Athlete travel grants
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403539349300705
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