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Nonprofiteer
← USA SWIMMING INC

Form 990 for tax year 2024

Filed by USA SWIMMING INC.

Totals

Total revenue
$1,127,375
Total expenses
$1,125,372
Contributions and grants received
$0
Grants paid
$140,953
Program service revenue
$1,094,278
Investment income
$30,621
Other revenue
$2,476
Total assets, end of year
$1,448,789
Total liabilities, end of year
$96,057
Net assets or fund balances, end of year
$1,352,732
Program services expenses (Part IX)
$975,531
Management and general expenses
$149,841
Fundraising expenses
$0
Program service expenses (Part III)
$975,531

Program services were 86.7% 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.

  • 2a · Program service revenue: Swim meet and entry fe

    total $769,016 · related or exempt $769,016

  • 2b · Program service revenue: Membership registratio

    total $320,311 · related or exempt $320,311

  • 2c · Program service revenue: Swim meet equipment re

    total $4,951 · related or exempt $4,951

  • 3 · Investment income

    total $30,621 · excluded $30,621

  • 11a · Other revenue: Miscellaneous revenue

    total $2,476 · related or exempt $2,476

  • 11e · Other revenue, total

    $2,476

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,322 · program services $72,322

  • 2 · Grants to domestic individuals

    total $68,631 · program services $68,631

  • 5 · Compensation of officers, directors and key employees

    total $50,002 · management and general $50,002

  • 7 · Other salaries and wages

    total $60,250 · program services $19,750 · management and general $40,500

  • 10 · Payroll taxes

    total $8,434 · program services $1,511 · management and general $6,923

  • 11a · Fees: management

    total $27,587 · program services $27,587

  • 11c · Fees: accounting

    total $13,900 · management and general $13,900

  • 11f · Fees: investment management

    total $9,118 · management and general $9,118

  • 11g · Fees: other

    total $158,457 · program services $158,457

  • 12 · Advertising and promotion

    total $500 · management and general $500

  • 13 · Office expenses

    total $5,581 · program services $2,057 · management and general $3,524

  • 14 · Information technology

    total $6,553 · management and general $6,553

  • 19 · Conferences, conventions and meetings

    total $15,612 · management and general $15,612

  • 24a · Other expenses: Pool and other meet exp

    total $486,731 · program services $486,731

  • 24b · Other expenses: Zone expenses

    total $114,960 · program services $114,960

  • 24c · Other expenses: Equipment rental and st

    total $15,886 · program services $15,886

  • 24d · Other expenses: Apparel and supplies

    total $7,639 · program services $7,639

  • 24e · All other expenses

    total $3,209 · management and general $3,209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $127,123 · end of year $35,527

  • 2 · Savings and temporary cash investments

    beginning of year $374,535 · end of year $150,060

  • 4 · Accounts receivable

    beginning of year $15,016 · end of year $2,086

  • 9 · Prepaid expenses and deferred charges

    end of year $6,190

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

    $64,449

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

    $64,449

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $948,143 · end of year $1,253,926

  • 15 · Other assets

    beginning of year $1,000 · end of year $1,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,720 · end of year $100

  • 19 · Deferred revenue

    beginning of year $101,707 · end of year $95,957

  • 27 · Net assets without donor restrictions

    beginning of year $1,316,390 · end of year $1,352,732

Mission and programs · 2024

Mission

Promotes competitive swimming and fosters equal access to competitive opportunities for swimmers of all ages and abilities in accordance with the rules, regulations and standards of PVS, USA Swimming and World Aquatics.

Activities or mission (Part I)

Governing body for competitive swimming in the DC Metro area.

  • PVS championship and sanctioned swim meets - conducted and sanctioned swim meets in the DC Metro area for approximately 13,000 athletes. PVS also organizes a team of swimmers to represent PVS at the Eastern Zone Long Course championship meet.

    Expenses $894,541 · Grants $90,919 · Revenue $776,443

  • Membership- The annual PVS membership allows membership with the USA Swimming organization and allows athletes to participate in meets and club practices.

    Expenses $21,261 · Revenue $320,311

  • Education and advancement - PVS provides education and support to officials through workshops, membership support, and clinics in order to improve all aspects of competitive swimming. Subjects include competitive swimming rules and regulations, club management, inclusion and diversity, and USA Swimming's Safe Sport initiative.

    Expenses $59,729 · Grants $50,033

As filed on the 2024 return.

Listed in Part VII

  • Cherlynn Venit

    General Chair

    Total calculated
    $0
    Hours/week
    12
  • Ellen Colket

    Finance Vice Chair

    Total calculated
    $0
    Hours/week
    8
  • Chris Schlegel

    Age Group Vice Chair

    Total calculated
    $0
    Hours/week
    4
  • Mary Massoumi

    Operations Vice Chair

    Total calculated
    $0
    Hours/week
    4
  • Harper Freeman

    Senior Athletes Representa

    Total calculated
    $0
    Hours/week
    4
  • Nicole Zhang

    Junior Athletes Representa

    Total calculated
    $0
    Hours/week
    4
  • Zach Suarez

    At-Large Athlete Represent

    Total calculated
    $0
    Hours/week
    4
  • Trish Buswell

    Administrative Vice Chair

    Total calculated
    $0
    Hours/week
    4
  • Aaron Dean

    Senior Vice Chair

    Total calculated
    $0
    Hours/week
    4
  • Barb Ship

    Officials Representative

    Total calculated
    $0
    Hours/week
    8
  • Clifton Gordon

    Inclusion/Diversity Chair

    Total calculated
    $0
    Hours/week
    4
  • Jim Crampton

    Safe Sport Chair

    Total calculated
    $0
    Hours/week
    4
  • Nicole Erickson

    Senior Coaches Representat

    Total calculated
    $0
    Hours/week
    4
  • Matt Cohen

    Junior Coaches Representat

    Total calculated
    $0
    Hours/week
    4
  • Kimberly Bullers

    Treasurer

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

  • Nation's Capital Swim Club

    $21,581

    Athlete travel and equipment grants

  • Athlete travel and equipment grants

  • Athlete travel and equipment grants

  • Rockville Montgomery Swim Club

    $11,400

    Athlete travel grants

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2026
IRS schema version
2024v5.5
Source object
202610159349300136

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