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Nonprofiteer
← CARMEL SWIM CLUB

Form 990 for tax year 2023

Filed by CARMEL SWIM CLUB.

Totals

Total revenue
$2,674,955
Total expenses
$2,861,598
Contributions and grants received
$234,280
Grants paid
$3,192
Program service revenue
$2,409,728
Investment income
$30,947
Other revenue
$0
Total assets, end of year
$4,894,218
Total liabilities, end of year
$3,402,344
Net assets or fund balances, end of year
$1,491,874
Program services expenses (Part IX)
$2,293,321
Management and general expenses
$447,127
Fundraising expenses
$121,150
Program service expenses (Part III)
$2,293,321

Program services were 80.1% 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.

  • 1f · All other contributions, gifts and grants

    $234,280

  • 2a · Program service revenue: SWIM MEETS AND LESSONS

    total $1,423,953 · related or exempt $1,423,953

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $961,706 · related or exempt $961,706

  • 2c · Program service revenue: MISCELLANEOUS

    total $24,069 · related or exempt $24,069

  • 3 · Investment income

    total $30,947 · excluded $30,947

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $140 · program services $140

  • 2 · Grants to domestic individuals

    total $3,052 · program services $3,052

  • 5 · Compensation of officers, directors and key employees

    total $229,731 · program services $183,785 · management and general $45,946

  • 7 · Other salaries and wages

    total $1,254,708 · program services $1,003,767 · management and general $198,986 · fundraising $51,955

  • 8 · Pension plan contributions

    total $21,060 · program services $16,848 · management and general $3,475 · fundraising $737

  • 9 · Other employee benefits

    total $55,376 · program services $44,301 · management and general $11,075

  • 10 · Payroll taxes

    total $104,001 · program services $83,201 · management and general $17,160 · fundraising $3,640

  • 11a · Fees: management

    total $30,500 · program services $30,500

  • 11c · Fees: accounting

    total $19,825 · management and general $19,825

  • 11g · Fees: other

    total $6,130 · program services $6,130

  • 12 · Advertising and promotion

    total $39,126 · program services $31,301 · management and general $7,825

  • 13 · Office expenses

    total $42,031 · program services $33,625 · management and general $8,406

  • 14 · Information technology

    total $55,388 · program services $16,617 · management and general $16,616 · fundraising $22,155

  • 16 · Occupancy

    total $255,436 · program services $178,805 · management and general $76,631

  • 17 · Travel

    total $20,740 · program services $20,740

  • 22 · Depreciation, depletion and amortization

    total $86,208 · program services $64,291 · management and general $21,887 · fundraising $30

  • 23 · Insurance

    total $48,367 · program services $38,694 · management and general $9,673

  • 24a · Other expenses: POOL RENTAL

    total $192,051 · program services $192,051

  • 24b · Other expenses: MEET EXPENSES

    total $160,684 · program services $160,684

  • 24c · Other expenses: COACHES EXPENSES

    total $74,286 · program services $74,286

  • 24d · Other expenses: MISCELLANEOUS

    total $69,687 · program services $22,452 · management and general $9,622 · fundraising $37,613

  • 24e · All other expenses

    total $93,071 · program services $88,051 · fundraising $5,020

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $524,269 · end of year $158,642

  • 2 · Savings and temporary cash investments

    beginning of year $5,010 · end of year $193,352

  • 3 · Pledges and grants receivable

    beginning of year $10,500 · end of year $14,500

  • 4 · Accounts receivable

    beginning of year $27,615 · end of year $63,402

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,577 · end of year $38,788

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

    $2,324,451

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

    $244,964

  • 10c · Land, buildings and equipment, net

    beginning of year $2,162,887 · end of year $2,079,487

  • 11 · Investments: publicly traded securities

    beginning of year $599,595 · end of year $425,088

  • 15 · Other assets

    beginning of year $1,961,341 · end of year $1,920,959

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,691 · end of year $89,139

  • 23 · Secured mortgages and notes payable

    beginning of year $1,680,687 · end of year $1,474,688

  • 25 · Other liabilities

    beginning of year $1,878,899 · end of year $1,838,517

  • 27 · Net assets without donor restrictions

    beginning of year $1,491,175 · end of year $1,467,753

  • 28 · Net assets with donor restrictions

    beginning of year $187,342 · end of year $24,121

Mission and programs · 2023

Mission

TO PROMOTE AMATEUR SWIMMING AND PHYSICAL FITNESS

  • TEACH SWIM LESSONS, HOLD SWIM MEETS, AND OTHER VARIOUS ACTIVITIES THROUGHOUT THE YEAR TO PROMOTE AMATEUR SWIMMING. PROMOTE PHYSICAL FITNESS, MUSCLE DEVELOPMENT, AND COORDINATION IN YOUTH AND CHILDREN THRU STRENGTH AND CONDITIONING CLASSES. WE PROVIDE OPPORTUNITY AND INSTRUCTION FOR MEMBERS TO COMPETE IN NATIONAL AMATEUR SWIMMING COMPETITIONS. THE CLUB MANAGES THE AQUATICS CENTER FOR BENEFIT OF THE CARMEL COMMUNITY ON BEHALF OF CARMEL CLAY SCHOOLS. THE AQUATICS CENTER PROVIDES PROGRAMS AND ACTIVITIES TO MEET THE NEEDS OF ALL AGE GROUPS, INCLUDING SENIOR ADULTS. ON JULY 5, 2023 WE OPENED AND BEGAN MANAGING A NEW LEASED POOL FACILITY IN THE CARMEL COMMUNITY. THIS LARGER FACILITY ALLOWS US TO OFFER MORE PROGRAMS AND AVAILABILITY TO THE COMMUNITY.

    Expenses $2,293,321 · Grants $3,192 · Revenue $2,409,728

As filed on the 2023 return.

Listed in Part VII

  • Brian Powers

    CHAIR / PRES

    Total calculated
    $0
    Hours/week
    4

  • George Lathrop

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Kevin Ward

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Jim Inskeep

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nick Shackell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lin Pugh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sarah Szotek

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kelley Lefever

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lauren Hughes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sam Zhu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lonnie Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christopher Plumb

    CEO / HEAD C

    Total calculated
    $207,249
    From this org
    $207,249
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,669
    Bonus
    $22,580
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $207,249

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 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CARMEL SWIM ACADEMY LLC

    POOL OWNER · IN · income $970,607 · assets $2,450,966

Provenance

Return type
form_990
Tax year
2023
Filed
7 July 2025
IRS schema version
2023v6.0
Source object
202501899349301020

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