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Nonprofiteer
← GREAT CHESAPEAKE BAY SWIM INC

Form 990 for tax year 2025

Filed by GREAT CHESAPEAKE BAY SWIM INC.

Totals

Total revenue
$112,300
Total expenses
$186,073
Contributions and grants received
$26,246
Grants paid
$145,000
Program service revenue
$0
Investment income
$0
Other revenue
$86,054
Total assets, end of year
$92,622
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$92,622
Program services expenses (Part IX)
$145,000
Management and general expenses
$41,073
Fundraising expenses
$0
Program service expenses (Part III)
$145,000

Program services were 77.9% 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.

  • 1c · Fundraising events

    $10,115

  • 1f · All other contributions, gifts and grants

    $16,131

  • 8a · Fundraising events: gross income

    $164,126

  • 8a · Fundraising events: contributions included on line 1c

    $10,115

  • 8b · Fundraising events: direct expenses

    $78,072

  • 8c · Net income from fundraising events

    total $86,054 · excluded $86,054

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $145,000 · program services $145,000

  • 11a · Fees: management

    total $30,626 · management and general $30,626

  • 11c · Fees: accounting

    total $3,630 · management and general $3,630

  • 23 · Insurance

    total $6,817 · management and general $6,817

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,395 · end of year $92,622

  • 27 · Net assets without donor restrictions

    beginning of year $166,395 · end of year $92,622

Mission and programs · 2025

Mission

THE GREAT CHESAPEAKE BAY SWIM (GCBS) SERVES AS A CHARITABLE FUNDRAISING EVENT TO BENEFIT OTHER CHARITIES.

Activities or mission (Part I)

THE GREAT CHESAPEAKE BAY SWIM SERVES AS A CHARITABLE FUNDRAISING EVENT TO BENEFIT OTHER CHARITIES.

  • THE GREAT CHESAPEAKE BAY SWIM (GCBS) IS ONE OF AMERICA'S PREMIER OPEN WATER SWIM CHALLENGES. THE ANNUAL EVENT IS SCHEDULED FOR THE SECOND SUNDAY OF JUNE AND CONSISTS OF A 4.4 MILE SWIM ACROSS MARYLAND'S CHESAPEAKE BAY.

    Expenses $145,000 · Grants $145,000

As filed on the 2025 return.

Listed in Part VII

  • SHERRI TOLLEY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8
  • DEBBIE DAWSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • THERESA MORNINGSTAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • JASON CHANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8
  • MICHAEL LEARS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • CHARLES NABIT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • SUSAN SARUBIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

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

Provenance

Return type
form_990
Tax year
2025
Filed
30 June 2026
IRS schema version
2025v4.2
Source object
202641819349301804

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