Totals
- Total revenue
- $2,140,010
- Total expenses
- $2,242,396
- Contributions and grants received
- $955,232
- Grants paid
- $0
- Program service revenue
- $1,019,001
- Investment income
- $1,298
- Other revenue
- $164,479
- Total assets, end of year
- $1,844,976
- Total liabilities, end of year
- $331,946
- Net assets or fund balances, end of year
- $1,513,030
- Program services expenses (Part IX)
- $1,388,379
- Management and general expenses
- $854,017
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,388,379
Program services were 61.9% 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
$675,331
-
1f · All other contributions, gifts and grants
$279,901
-
2a · Program service revenue: BOAT STORAGE
total $8,263 · unrelated business $0 · excluded $0
-
2b · Program service revenue: CLASSES/CAMPS
total $229,622 · unrelated business $0 · excluded $0
-
2c · Program service revenue: PROGRAM SERVICES
total $781,116 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,298 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
other assets $0
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$126,133
-
8b · Fundraising events: direct expenses
$38,189
-
8c · Net income from fundraising events
total $87,944 · unrelated business $0 · excluded $87,944
-
10a · Gross sales of inventory
$17,771
-
10b · Cost of goods sold
$16,296
-
10c · Net income from sales of inventory
total $1,475 · related or exempt $1,475
-
11a · Other revenue: EQUIPMENT RENTAL
total $28,394 · related or exempt $28,394 · unrelated business $0 · excluded $0
-
11b · Other revenue: SAM COACH MEMORIAL FUND
total $650 · related or exempt $650 · unrelated business $0 · excluded $0
-
11c · Other revenue: Equipment sales
total $27,900 · related or exempt $27,900 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $18,116 · related or exempt $18,116 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$75,060
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $108,000 · program services $40,207 · management and general $67,793 · fundraising $0
-
7 · Other salaries and wages
total $1,077,262 · program services $674,736 · management and general $402,526 · fundraising $0
-
20 · Interest
total $1,846 · program services $0 · management and general $1,846 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $206,379 · program services $154,568 · management and general $51,811 · fundraising $0
-
24a · Other expenses: AUTO EXPENSE
total $32,482 · program services $13,099 · management and general $19,383 · fundraising $0
-
24b · Other expenses: BANK SERVICE
total $69,921 · program services $40,500 · management and general $29,421 · fundraising $0
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $829 · program services $829 · management and general $0 · fundraising $0
-
24e · All other expenses
total $745,677 · program services $464,440 · management and general $281,237 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $249,450 · end of year $244,512
-
4 · Accounts receivable
beginning of year $7,500
-
9 · Prepaid expenses and deferred charges
beginning of year $22,069 · end of year $24,069
-
10a · Land, buildings and equipment: cost or other basis
$4,572,568
-
10b · Land, buildings and equipment: accumulated depreciation
$3,072,377
-
10c · Land, buildings and equipment, net
beginning of year $1,481,146 · end of year $1,500,191
-
11 · Investments: publicly traded securities
beginning of year $94,651 · end of year $76,204
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $37,649 · end of year $163,344
-
19 · Deferred revenue
beginning of year $28,709 · end of year $101,910
-
25 · Other liabilities
beginning of year $43,752 · end of year $66,692
-
27 · Net assets without donor restrictions
beginning of year $1,638,016 · end of year $1,366,662
-
28 · Net assets with donor restrictions
beginning of year $106,690 · end of year $146,368
Mission and programs · 2022
Mission
The Newport Aquatic Center (NAC) is an extraordinary community resource whose mission is to teach and inspire athletes of all ages, abilities and backgrounds by fostering a passion for Olympic style rowing, kayaking, canoeing and related marine activities. Through character building programs and world-class professional instruction, the NAC not only develops exceptional athletes, it creates a positive, influential path for young adults, a common destination for devoted enthusiasts and a teaching ground for environmental stewardship.
Activities or mission (Part I)
ORGANIZATION PROVIDES NON PROFIT SERVICE DEALING WITH FURTHERANCE OF AMATEUR ATHLETES IN THE AQUATIC SPORTS FIELD.
-
JR. ROWING Mens 4+ wins the Head of the Charles Regatta NAC sent 26 athletes to the Head of the Charles Regatta 2 athletes were selected as U19 Team Atheletes of the Year Mens Varsity 8+ placed 2nd and Womens Varsity 8+ placed 5th at Nationals
Expenses $1,076,859 · Revenue $959,471
-
OUTRIGGER Open Men, Masters Women, Open Coed all placed 3rd in the Catalina Crossing - US Championships
Expenses $124,795 · Revenue $160,162
-
WATERMAN'S ACADEMY NACs We Are Ocean program took 18 cancer patients and survivors to Catalina Island for a week-long wellness camp
Expenses $93,595 · Revenue $112,739
-
Dragon Boat & WOW : Dragon Boat placed 3rd at LA County Boat Race Dragon Boat two silver medals at the Castaic Fragon Boat Race WOW-6 entries placed at the Long Beach Xmas Regatta
Expenses $93,130 · Revenue $73,238
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Greg CollinsGREG COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William GrantWILLIAM GRANT
VICE PRESIDENT
- Total calculated
- $0
-
Jonathon Van CleaveJONATHON VAN CLEAVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James NetzerJAMES NETZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris BlankCHRIS BLANK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Linda HayLINDA HAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Dennie SimsDENNIE SIMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kyle AndersonKYLE ANDERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
William WhitfordWILLIAM WHITFORD
EXECUTIVE DIRECTOR
- Total calculated
- $108,000
- From this org
- $108,000
- 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
- 2022
- Filed
- 11 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303149349303685
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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