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Nonprofiteer
← WALTER SCHROEDER AQUATIC CENTER LTD

Form 990 for tax year 2024

Filed by WALTER SCHROEDER AQUATIC CENTER LTD.

Totals

Total revenue
$2,505,845
Total expenses
$1,791,641
Contributions and grants received
$891,988
Grants paid
$0
Program service revenue
$1,484,134
Investment income
$106,697
Other revenue
$23,026
Total assets, end of year
$4,196,903
Total liabilities, end of year
$742,234
Net assets or fund balances, end of year
$3,454,669
Program services expenses (Part IX)
$1,469,840
Management and general expenses
$241,051
Fundraising expenses
$80,750
Program service expenses (Part III)
$1,469,840

Program services were 82.0% 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.

  • 1e · Government grants (contributions)

    $700,596

  • 1f · All other contributions, gifts and grants

    $191,392

  • 2a · Program service revenue: SWIM & DIVE TEAM DUES

    total $600,670 · related or exempt $600,670

  • 2b · Program service revenue: OTHER PROGRAM INCOME

    total $369,658 · related or exempt $369,658

  • 2c · Program service revenue: SWIM MEET FEES

    total $349,642 · related or exempt $349,642

  • 2d · Program service revenue: WSAC HOSTED FEES

    total $92,491 · related or exempt $92,491

  • 2e · Program service revenue: MASTERS DUES

    total $71,673 · related or exempt $71,673

  • 3 · Investment income

    total $103,903 · related or exempt $3,361 · excluded $100,542

  • 7a · Gross sales of assets other than inventory

    securities $72,382

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

    securities $69,588

  • 7c · Gain or loss

    securities $2,794

  • 7d · Net gain or loss

    total $2,794 · related or exempt $2,794

  • 10a · Gross sales of inventory

    $23,026

  • 10c · Net income from sales of inventory

    total $23,026 · related or exempt $23,026

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $930,762 · program services $698,072 · management and general $186,152 · fundraising $46,538

  • 8 · Pension plan contributions

    total $13,558 · program services $10,169 · management and general $2,711 · fundraising $678

  • 11g · Fees: other

    total $7,125 · fundraising $7,125

  • 12 · Advertising and promotion

    total $3,616 · program services $1,808 · fundraising $1,808

  • 13 · Office expenses

    total $18,985 · program services $14,239 · management and general $3,797 · fundraising $949

  • 17 · Travel

    total $83,475 · program services $83,475

  • 20 · Interest

    total $19,149 · program services $14,362 · management and general $3,830 · fundraising $957

  • 22 · Depreciation, depletion and amortization

    total $76,439 · program services $68,797 · management and general $3,821 · fundraising $3,821

  • 23 · Insurance

    total $53,163 · program services $47,847 · management and general $5,316

  • 24a · Other expenses: RENT TO YMCA

    total $242,040 · program services $217,836 · management and general $12,102 · fundraising $12,102

  • 24b · Other expenses: SWIM & DIVE MEET EXPENSES

    total $166,231 · program services $166,231

  • 24c · Other expenses: FACILITIES MAINTENANCE

    total $135,445 · program services $121,901 · management and general $6,772 · fundraising $6,772

  • 24d · Other expenses: PROFESSIONAL FEES

    total $16,550 · management and general $16,550

  • 24e · All other expenses

    total $25,103 · program services $25,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $319,650 · end of year $527,936

  • 2 · Savings and temporary cash investments

    end of year $102,477

  • 3 · Pledges and grants receivable

    end of year $184,660

  • 4 · Accounts receivable

    beginning of year $67,843 · end of year $6,845

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,610 · end of year $31,883

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

    $3,577,728

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

    $1,421,428

  • 10c · Land, buildings and equipment, net

    beginning of year $1,454,010 · end of year $2,156,300

  • 14 · Intangible assets

    beginning of year $3,148 · end of year $2,361

  • 15 · Other assets

    beginning of year $1,217,151 · end of year $1,184,441

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,587 · end of year $221,390

  • 23 · Secured mortgages and notes payable

    beginning of year $557,809 · end of year $520,844

  • 27 · Net assets without donor restrictions

    beginning of year $1,537,223 · end of year $2,387,227

  • 28 · Net assets with donor restrictions

    beginning of year $960,793 · end of year $1,067,442

Mission and programs · 2024

Mission

TO SECURE WALTER SCHROEDER AQUATIC CENTER (WASC) FOR FUTURE GENERATIONS OF COMPETITIVE AQUATIC PARTICIPANTS IN METROPOLITAN MILWAUKEE, WISCONSIN AND MIDWEST REGION.

  • TO SECURE WALTER SCHROEDER AQUATIC CENTER (WASC) FOR FUTURE GENERATIONS OF COMPETITIVE AQUATIC PARTICIPANTS IN METROPOLITAN MILWAUKEE, WISCONSIN AND MIDWEST REGION.

    Expenses $1,469,840 · Revenue $1,484,134

As filed on the 2024 return.

Listed in Part VII

  • David Anderson

    PRESIDENT

    Total calculated
    $0

  • Matt Miller

    VICE PRES./T

    Total calculated
    $0

  • Lindsey King

    SECRETARY

    Total calculated
    $0

  • Michael Oxman

    DIRECTOR

    Total calculated
    $0

  • Victor Leclere

    DIRECTOR

    Total calculated
    $0

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
2024
Filed
4 November 2025
IRS schema version
2024v5.0
Source object
202523219349312857

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