Form 990 for tax year 2022

Filed by BEST SWIM CLUB INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 25 January 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $838,245 changed to $1,726,457
Total expenses: $828,250 changed to $1,434,665
Contributions and grants received: $535,703 changed to $1,242,680
Program service revenue: $300,261 changed to $457,236
Investment income: $1 changed to $24,272
Other revenue: $2,280 changed to $2,269
Total assets, end of year: $424,891 changed to $700,881
Total liabilities, end of year: $41,641 changed to $25,839
Net assets or fund balances, end of year: $383,250 changed to $675,042
Program services expenses: $740,110 changed to $1,154,337
Management and general expenses: $88,140 changed to $280,328
Program service expenses (Part III): $740,110 changed to $1,154,337

Listed only on the earlier return

Brett JoswiakBRETT JOSWIAK
Charlie ShieldsCHARLIE SHIELDS
Jay SpectorJAY SPECTOR
Kim McClureKIM MCCLURE

Listed only on the later return

Bronwyn BeabeauBRONWYN BEABEAU
Kimberlee McClureKIMBERLEE MCCLURE
Marci SymingtonMARCI SYMINGTON

Listed under a different title

Darian TownsendDARIAN TOWNSEND: DIRECTOR & C then CEO & COACH

Totals

Total revenue: $838,245
Total expenses: $828,250
Contributions and grants received: $535,703
Grants paid: $0
Program service revenue: $300,261
Investment income: $1
Other revenue: $2,280
Total assets, end of year: $424,891
Total liabilities, end of year: $41,641
Net assets or fund balances, end of year: $383,250
Program services expenses (Part IX): $740,110
Management and general expenses: $88,140
Fundraising expenses: $0
Program service expenses (Part III): $740,110

Program services were 89.4% 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

$526,024
1f · All other contributions, gifts and grants

$9,679
2a · Program service revenue: SWIM MEET REVENUE

total $241,020 · related or exempt $241,020
2b · Program service revenue: FACILITY USAGE FEES

total $59,241 · related or exempt $59,241
3 · Investment income

total $1 · related or exempt $1
10a · Gross sales of inventory

$10,775
10b · Cost of goods sold

$8,495
10c · Net income from sales of inventory

total $2,280 · related or exempt $2,280

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $136,582 · program services $83,567 · management and general $53,015
7 · Other salaries and wages

total $202,110 · program services $202,110
9 · Other employee benefits

total $44,326 · program services $36,601 · management and general $7,725
10 · Payroll taxes

total $26,405 · program services $22,349 · management and general $4,056
11c · Fees: accounting

total $2,500 · management and general $2,500
13 · Office expenses

total $12,959 · management and general $12,959
16 · Occupancy

total $257,835 · program services $257,835
17 · Travel

total $9,196 · program services $9,196
22 · Depreciation, depletion and amortization

total $14,996 · program services $14,996
23 · Insurance

total $10,026 · program services $2,141 · management and general $7,885
24a · Other expenses: SWIM MEET EXPENSE

total $93,794 · program services $93,794
24b · Other expenses: PROGRAM SERVICES-COACHES

total $14,373 · program services $14,373
24c · Other expenses: PAYROLL SERVICES

total $3,148 · program services $3,148

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $270,803 · end of year $344,874
2 · Savings and temporary cash investments

beginning of year $6,768 · end of year $5,432
4 · Accounts receivable

beginning of year $39,178 · end of year $13,908
10a · Land, buildings and equipment: cost or other basis

$230,173
10b · Land, buildings and equipment: accumulated depreciation

$189,496
10c · Land, buildings and equipment, net

beginning of year $55,673 · end of year $40,677
15 · Other assets

beginning of year $20,000 · end of year $20,000
17 · Accounts payable and accrued expenses

beginning of year $19,167 · end of year $41,641
27 · Net assets without donor restrictions

beginning of year $373,255 · end of year $383,250

Mission and programs · 2022

Mission

COMPETITIVE SWIM TEAM AND SWIM TRAINING CENTER, OFFERING LEARN TO SWIM, RECREATIONAL SWIM TEAM, COMPETITIVE SWIM TEAM, MASTERS SWIMMING WITH RELATED SPORTS, FITNESS AND AQUATICS PROGRAMS.

COMPETITIVE SWIM TEAM AND TRAINING PROGRAMS, INCLUDING AGE GROUP, SENIOR AND MASTERS SWIMMING, WITH COMPETITION THROUGH AFFILIATIONS WITH USA SWIMMING AND UNITED STATES MASTERS SWIMMING. APPROXIMATELY 350 TO 400 ATHLETES TRAIN ON A YEAR ROUND BASIS IN NINE DIFFERENT GROUPS, PLUS ADDITIONAL ATHLETES IN THE OUTSIDE GROUPS LISTED IN 4C BELOW.

Expenses $622,124
SWIM MEET REVENUE - BEST SWIM CLUB, DBA PHOENIX SWIM CLUB HOSTED MORE THAN 20 MEETS IN 2022, INCLUDING MEETS FOR USA SWIMMING, UNITED STATES MASTERS SWIMMING, ARIZONA INTERSCHOLASTIC ASSOCIATION, THE NCAA AND A COMMUNITY RECREATION PROGRAM. ATHLETE PARTICIPATION IN THESE MEETS RANGED FROM 150 TO 900 SWIMMERS, DEPENDING ON THE MEET. NATIONAL (MASTERS), STATE AND MEET RECORDS WERE SET IN THIS POOL FACILITY DURING 2022.

Expenses $117,986 · Revenue $241,020
FACILITY USAGE FEES - BEST SWIM CLUB USES MOST OF THE DAILY WATER TIME FOR ITS OWN TRAINING GROUPS, BUT MAXIMIZES USE OF THE FACILITY BY OPENING THE POOLS TO OUTSIDE TRAINING GROUPS THROUGHOUT THE YEAR. THE OUTSIDE GROUPS PAY FACILITY USAGE FEES THAT HELP DEFRAY THE OPERATING EXPENSE OF THE POOLS AND GROUNDS WHICH IS REPORTED AS OCCUPANCY EXPENSE IN PART IX, LINE 16. NO SPECIFIC EXPENSE ALLOCATION HAS BEEN ASSIGNED TO THIS EXEMPT PURPOSE ACHIEVEMENT AS THE AMOUNT IS INCLUDED IN PART III, LINE 4A ABOVE.

Revenue $59,241

As filed on the 2022 return.

Listed in Part VII

Darian TownsendDARIAN TOWNSEND

DIRECTOR & C

Total calculated

$83,567

From this org

$83,567

From related orgs

$0

Other

$0

Hours/week

40
Sandra LeeSANDRA LEE

DIRECTOR & S

Total calculated

$53,015

From this org

$53,015

From related orgs

$0

Other

$0

Hours/week

40
John AnsonJOHN ANSON

DIRECTOR & T

Total calculated

$0

Hours/week

1
Brett JoswiakBRETT JOSWIAK

DIRECTOR & P

Total calculated

$0

Hours/week

1
Kim McClureKIM MCCLURE

DIRECTOR & V

Total calculated

$0

Hours/week

1
Charlie ShieldsCHARLIE SHIELDS

DIRECTOR

Total calculated

$0

Hours/week

1
Jay SpectorJAY SPECTOR

DIRECTOR

Total calculated

$0

Hours/week

1

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: 2022
Filed: 12 January 2023
IRS schema version: 2022v5.0
Source object: 202311089349301446

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.