Swim Torrance FY2020 filing

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A youth Swim team fostering amateur sports competition

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $85K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $740
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$450K
Spent
$438K
To programs
89%
Net assets
$189K
By yearFY2020–FY2024
Revenue
$450K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$450K
FY2021$838K
FY2022$855K
FY2023$970K
FY2024$832K
Expenses
$438K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$438K
FY2021$578K
FY2022$792K
FY2023$820K
FY2024$891K
Net assets
$189K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$189K
FY2021$404K
FY2022$478K
FY2023$589K
FY2024$561K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $390K Management & general 9% · $39K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
VP/Secretary
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
See Swim Torrance executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters amateur sports competition for a youth swim team.

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3 programs · $438K · in their own filed words · FY2020
01

One of the important goals of swim torrance is to train the swimmers with skills so that they can become competitive swimmers. During 2020 the swimmers participate in 11 meets. The number of meets was curtailed because of covid 19.

$215Kprogram expense
02

The children advance advance to training for meets once they have developed the basic swimming skills. The children are taught how to put toghether the stroking and other swim techniques needed to participate in swim meets. These middle years are devoted to developing strengh, endurance and meet techniques.

$115Kprogram expense
03

The team focuses on the training of the beginner swimmer so that proper skills are developed. The coaches work with these young swimmers to develop correct stroking and swimming techniques to help prevent the children from developing bad habits. These young children are carefully trained by qualified coaches.

$108Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$740

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$450K
Ln 12
Gifts and grantsLn 1h$450K
Investment incomeLn 3$51
Money outPt IX
$438K
Ln 25
Programscol B$390K
Managementcol C$39K
Owns and owesPt X
$189K
net assets · Ln 32
Cash and savingsLn 1–2$189K
Total assetsLn 16$189K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$450K
Investment incomeLn 3$51
Total revenueLn 12$450K
Assets in detailPt X, end of year
CashLn 1$189K
Cash and savings togetherLn 1–2$189K
Total assetsLn 16$189K
LiabilitiesLn 26$0
Net assetsLn 32$189K
OperationsPt I, VI
EmployeesI 519
VolunteersI 6180
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$132K$189K
Total assetsLn 16$132K$189K
LiabilitiesLn 26$0$0
Net assetsLn 32$132K$189K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$209K$209K
Payroll taxesLn 10$17K$17K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$146$146
OccupancyLn 16$15K$15K
TravelLn 17$3K
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$16K$350$15K
All other expensesLn 24e$166K$164K$2K
Total functional expensesLn 25$438K$390K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Aug 26, 2025 $832K$891K−$59K$561K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $970K$820K$150K$589K 990 PDF
FY2022Filed with the IRS Aug 3, 2023 $855K$792K$62K$478K 990 PDF
FY2021Filed with the IRS Nov 3, 2022 $838K$578K$260K$404K 990 PDF
FY2020 ViewingFiled with the IRS Oct 13, 2021 $450K$438K$12K$189K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $449,841 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $611,834$449,790
I-9 Program service revenue$0
I-10 Investment incomePrior year $46$51
I-11 Other revenue$0
I-12 Total revenuePrior year $611,880$449,841
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $233,441$225,673
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $364,783$212,295
I-18 Total expensesPrior year $598,224$437,968
I-19 Revenue less expensesPrior year $13,656$11,873
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $449,841 across 5 lines filed
VIII-1b Membership dues$405,260
VIII-1f All other contributions, gifts and grants$44,530
VIII-1h Total contributions, gifts and grants$449,790
VIII-3 Investment income$51
VIII-12 Total revenue$449,841
Part IX · Statement of functional expenses $437,968 across 9 lines filed
IX-7 Other salaries and wagesPrograms $208,788$208,788
IX-10 Payroll taxesPrograms $16,885$16,885
IX-11c Accounting feesManagement $6,948$6,948
IX-13 Office expensesManagement $146$146
IX-16 OccupancyManagement $14,639$14,639
IX-17 Travel$3,121
IX-23 Insurance$5,689
IX-24 Other expenses (24a–d)Programs $350 · Management $15,452$15,802
IX-24e All other expensesPrograms $163,792 · Management $2,158$165,950
IX-25 Total functional expensesPrograms $389,815 · Management $39,343 · Fundraising $0$437,968
Part X · Balance sheet $188,571 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $131,580$188,571
X-16 Total assetsStart of year $131,780$188,571
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $131,780$188,571
X-33 Total liabilities and net assetsStart of year $131,780$188,571
Part XI · Reconciliation of net assets $188,571 net assets at year end
XI-1 Total revenue$449,841
XI-2 Total expenses$437,968
XI-3 Revenue less expenses$11,873
XI-4 Net assets at start of year$131,780
XI-8 Prior period adjustments$44,918
XI-10 Net assets at end of year$188,571

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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