Skip to content
Nonprofiteer
← NOVA OF VIRGINIA AQUATICS INC

Form 990 for tax year 2022

Filed by NOVA OF VIRGINIA AQUATICS INC.

Totals

Total revenue
$4,965,517
Total expenses
$5,066,062
Contributions and grants received
$416,179
Grants paid
$0
Program service revenue
$3,901,967
Investment income
-$1,790
Other revenue
$649,161
Total assets, end of year
$16,515,043
Total liabilities, end of year
$8,455,533
Net assets or fund balances, end of year
$8,059,510
Program services expenses (Part IX)
$4,772,265
Management and general expenses
$260,305
Fundraising expenses
$33,492
Program service expenses (Part III)
$4,772,265

Program services were 94.2% 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)

    $350,000

  • 1f · All other contributions, gifts and grants

    $66,179

  • 2a · Program service revenue: COMPETITIVE FEES

    total $2,150,304 · related or exempt $2,150,304

  • 2b · Program service revenue: SWIM LESSONS

    total $1,107,999 · related or exempt $1,107,999

  • 2c · Program service revenue: MEETS

    total $578,827 · related or exempt $578,827

  • 2d · Program service revenue: CLINICS

    total $40,994 · related or exempt $40,994

  • 2e · Program service revenue: OTHER

    total $23,843 · related or exempt $23,843

  • 3 · Investment income

    total $22,060 · excluded $22,060

  • 6a · Gross rents

    real property $42,691

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $42,691

  • 6d · Net rental income or loss

    total $42,691 · excluded $42,691

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

    other assets $23,850

  • 7c · Gain or loss

    other assets -$23,850

  • 7d · Net gain or loss

    total -$23,850 · excluded -$23,850

  • 8a · Fundraising events: gross income

    $217,842

  • 8b · Fundraising events: direct expenses

    $60,247

  • 8c · Net income from fundraising events

    total $157,595 · unrelated business $7,000 · excluded $150,595

  • 10a · Gross sales of inventory

    $911,571

  • 10b · Cost of goods sold

    $462,696

  • 10c · Net income from sales of inventory

    total $448,875 · related or exempt $282,093 · unrelated business $166,782

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $45,769 · management and general $45,769

  • 7 · Other salaries and wages

    total $2,062,579 · program services $1,904,390 · management and general $128,907 · fundraising $29,282

  • 9 · Other employee benefits

    total $217,363 · program services $208,629 · management and general $8,734

  • 10 · Payroll taxes

    total $173,226 · program services $157,623 · management and general $13,363 · fundraising $2,240

  • 11b · Fees: legal

    total $1,421 · management and general $1,421

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 11g · Fees: other

    total $22,509 · management and general $22,509

  • 12 · Advertising and promotion

    total $16,810 · program services $14,810 · management and general $1,000 · fundraising $1,000

  • 13 · Office expenses

    total $161,799 · program services $161,799

  • 16 · Occupancy

    total $961,925 · program services $961,925

  • 17 · Travel

    total $58,757 · program services $58,757

  • 20 · Interest

    total $60,339 · program services $60,339

  • 22 · Depreciation, depletion and amortization

    total $542,497 · program services $542,497

  • 23 · Insurance

    total $85,950 · program services $85,950

  • 24a · Other expenses: MEET EXPENSES

    total $280,920 · program services $280,920

  • 24b · Other expenses: EQUIP RENTAL AND MAINTE

    total $167,717 · program services $167,717

  • 24c · Other expenses: TAXES & LICENSES

    total $74,821 · program services $74,821

  • 24d · Other expenses: BANK CHARGES AND CREDIT

    total $65,354 · program services $64,384 · fundraising $970

  • 24e · All other expenses

    total $51,306 · program services $27,704 · management and general $23,602

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,920,754 · end of year $1,985,173

  • 3 · Pledges and grants receivable

    beginning of year $76,899 · end of year $18,651

  • 4 · Accounts receivable

    beginning of year $143,952 · end of year $168,518

  • 8 · Inventories for sale or use

    beginning of year $352,308 · end of year $412,491

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,653 · end of year $60,027

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

    $12,378,464

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

    $4,482,387

  • 10c · Land, buildings and equipment, net

    beginning of year $8,084,202 · end of year $7,896,077

  • 14 · Intangible assets

    beginning of year $5,250 · end of year $5,250

  • 15 · Other assets

    beginning of year $0 · end of year $5,968,856

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,085 · end of year $123,676

  • 19 · Deferred revenue

    beginning of year $714,607 · end of year $617,461

  • 23 · Secured mortgages and notes payable

    beginning of year $1,620,271 · end of year $1,493,542

  • 25 · Other liabilities

    beginning of year $0 · end of year $6,220,854

  • 27 · Net assets without donor restrictions

    beginning of year $7,959,921 · end of year $7,853,038

  • 28 · Net assets with donor restrictions

    beginning of year $200,134 · end of year $206,472

Mission and programs · 2022

Mission

WE STRIVE TO INSTILL THE QUALITIES THAT WILL MAKE OUR YOUNG PEOPLE LEADERS OF TOMORROW. DREAMS ARE OUR BUSINESS, DISCIPLINE IS OUR TOOL, EXCELLENCE IS OUR PURSUIT.

Activities or mission (Part I)

COMPETITIVE AQUATIC TRAINING, SWIMMING LESSONS CLINICS AND MASTER'S SWIMMING

  • THROUGH PROGRAMS OFFERED BY NOVA, SWIMMERS HAVE QUALIFIED FOR USA SWIMMING SANCTIONED CHAMPIONSHIP MEETS AT STATE, REGIONAL, ZONE, NATIONAL, AND INTERNATIONAL LEVELS. AN ESTIMATED 800 SWIMMERS BENEFITED FROM THE COMPETITIVE TEAM AND ANOTHER MORE THAN 1,200 BENEFITED FROM THE LEARN TO SWIM PROGRAM DURING THE FISCAL YEAR.

    Expenses $4,772,265 · Revenue $4,350,842

As filed on the 2022 return.

Listed in Part VII

  • ANDREW GLASS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATIE HARRINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG OWENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RACHEL NAURATH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORI HAAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIRK VOGEL

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • CHUCK HARRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNY CONNORS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MELISSA THORNTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN ACKERLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN CONNOR

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • AMY BELCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID FELLOWES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEIGH PETERSON

    CEO - STARTED 2/2023

    Total calculated
    $0
    Hours/week
    40

  • ANN MCGEE - ENDED 82022

    EXECUTIVE DIRECTOR

    Total calculated
    $58,746
    From this org
    $53,414
    From related orgs
    $0
    Other
    $5,332
    Hours/week
    40

  • NORM WRIGHT

    HEAD COACH - ENDED 2/2023

    Total calculated
    $127,002
    From this org
    $116,867
    From related orgs
    $0
    Other
    $10,135
    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.

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.

  • NOVA ALUMNI ASSOCIATION LLC

    TO FURTHER NOVA OF VIRGINIA AQUATICS CHARITABLE PURPOSE. · VA · assets $1,185

    Directly controlled by NOVA OF VIRGINIA AQUATICS INC

Provenance

Return type
form_990
Tax year
2022
Filed
18 June 2024
IRS schema version
2022v5.0
Source object
202431709349301048

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.