Sea Devils EIN 20-4380756

Sea Devils FY2020 filing

EIN  20-4380756 Public charity (501(c)(3)) St Michael, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Operates a swim club fostering competitive spirit and excellence.
Leadership
Terri Moser · Coaching Rep · $61K
Money in and out
$253K revenue, $254K expenses
Bottom line
100% program efficiency

Operates a swim club fostering competitive spirit and excellence. For fiscal year 2020 it reported $253K in revenue, $254K in expenses, and $138K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$253K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$138K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$838
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$253K
FY2020
Expenses
$254K
FY2020
Total assets
$138K
FY2020
Total liabilities
$28
FY2020
Total revenue
$253K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$138K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$838
Total assetsPt X · Ln 16$138K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $254K of program spending, described in the organization's own filed words · FY2020.
01

Successfully Help Athletes Achieve Their Swimming Goals

Throughout all levels of the swim club.

$254Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSea Devils
EINHdr · item D20-4380756
Principal addressHdr · item CSt Michael, MN
WebsiteHdr · item Jwww.teamunify.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFNov 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Coaching Rep
$60,875Pt VII · Sec A
Coaching Rep
$39,875Pt VII · Sec A
President
$0Pt VII · Sec A
Director of
$0Pt VII · Sec A
Club Regista
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A

Terri Moser’s $70K as Coaching Rep is at the 62nd percentile of top reported officer pay among 1984 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Terri Moser$70,370$85,305$72,937$60,875
Zach Holton$39,875

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$186K · 74%
Program service revenue$37K · 15%
Other revenue$29K · 12%
Contributions & grants74%$186K
Program service revenue15%$37K
Other revenue12%$29K
Investment income$158
— government grantsLn 1e$35K
Total revenueLn 12$253K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$254K
Total functional expensesLn 25$254K

Balance Sheet

Part X · end of year
CashLn 1$121K
Total assetsLn 16$138K
Total liabilitiesLn 26$28
Total net assetsLn 32$138K
Months of cash on handcomputed5.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $136K · Operating expenses/yr $254K
6.4 months
Where the money goes
Program services
Program services $254K · Total expenses $254K
100%
Management & General
Management & general $0 · Total expenses $254K
0%
Fundraising
Fundraising $0 · Total expenses $254K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $151K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $186K · Total revenue $253K
74%
Government reliance
Government grants $35K · Total revenue $253K
14%
Earned-income share
Program service revenue $37K · Total revenue $253K
15%
Investment reliance
Investment income $158 · Total revenue $253K
0%
Program self-sufficiency
Program service revenue $37K · Total expenses $254K
15%
Growth & trend
Revenue growth (YoY)
This year $253K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $138K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $253K · Expenses $254K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $138K
Net-asset ratio
Net assets $138K · Total assets $138K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $15K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $138K
11%
People & payroll
Highest Reported Total Compensation
Individual Terri Moser · Reported title COACHING REP · Highest reported compensation $61K · Total expenses $254K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $156K · Total expenses $254K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$91

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$315K revenue · ⤓ 990 PDF
FY2022$294K revenue · ⤓ 990 PDF
FY2021$307K revenue · ⤓ 990 PDF
FY2020$253K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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