Sigma Performance Swimming FY2021 filing

Tax-deductible

Colleyville, TX501(c)(3)Recreation & SportsEIN 27-0297684

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Youth aquatic programs in the community. Includes swim lessons, water safety and drowning prevention. Youths developing a competitive swim team which receives local, regional, state and national titles.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$332K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$332K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $42
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$368K
109% of total assets
Concern: liabilities are 109% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+63% vs prior year
Spent
$1.3M
To programs
68%
Net assets
−$31K
By yearFY2020–FY2025
Revenue
$1.4M
FY2021▲ +63%
Revenue by fiscal year
FY2020$837K
FY2021$1.4M
FY2022$1.8M
FY2023$1.8M
FY2024$2.0M
FY2025$2.0M
Expenses
$1.3M
FY2021▲ +38%
Expenses by fiscal year
FY2020$955K
FY2021$1.3M
FY2022$1.8M
FY2023$1.8M
FY2024$2.1M
FY2025$1.9M
Net assets
−$31K
FY2021▲ +62%
Net assets by fiscal year
FY2020−$81K
FY2021−$31K
FY2022$17K
FY2023$50K
FY2024−$93K
FY2025$51K

From the FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2009.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $898K Management & general 32% · $419K

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

3 people listed on the 990; $332K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chairman/President
$272,000Pt VII · Sec A
$59,500Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Andrew Ha’s $240K as Chairman/President is at the 91st percentile of top reported officer pay among 1842 $1–10M recreation & sports 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Andrew Ha$240,000$254,000$270,000$257,000$272,000$168,040
Karen Stinchcomb————$59,500$36,000

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.

See Sigma Performance Swimming executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches youth swimming, water safety, and drowning prevention, developing competitive swim teams.

Provided by the organization

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3 programs · $898K · in their own filed words · FY2020
01

Swim instruction and coaching for competitive events and water safety inclusive of general management of the program.

$787Kprogram expense
02

Provision of facilities appropriate in developing swimming and competitive skills throughout the geographic area centered around fort worth texas.

$75Kprogram expense
03

Swim events to encourage youths in the art of fair competition and reaching personal and team goals.

$36Kprogram 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 1 funder$42

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$147K
Other incomeLn 4–11$19K
Money outPt IX
$1.3M
Ln 25
Programscol B$898K
Managementcol C$419K
Owns and owesPt X
−$31K
net assets · Ln 32
Cash and savingsLn 1–2$337K
Total assetsLn 16$337K
LiabilitiesLn 26$368K
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$147K
Government grantsLn 1e$147K
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$19K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$187K
SavingsLn 2$150K
Cash and savings togetherLn 1–2$337K
Total assetsLn 16$337K
LiabilitiesLn 26$368K
Net assetsLn 32−$31K
OperationsPt I, VI
EmployeesI 5105
VolunteersI 6100
Fiscal year endsHeaderAugust
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 FY21End FY21
Cash and savingsLn 1–2$126K$337K
Total assetsLn 16$126K$337K
LiabilitiesLn 26$207K$368K
Net assetsLn 32−$81K−$31K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$332K$332K
Other salaries and wagesLn 7$571K$571K
Payroll taxesLn 10$64K$40K$23K
Legal feesLn 11b$509$509
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$5K$5K
OccupancyLn 16$31K$31K
TravelLn 17$1K$1K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$284K$274K$10K
All other expensesLn 24e$6K$3K$3K
Total functional expensesLn 25$1.3M$898K$419K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$1.9M$144K$51K 990 PDF
FY2024 $2.0M$2.1M−$143K−$93K 990 PDF
FY2023 $1.8M$1.8M$33K$50K 990 PDF
FY2022 $1.8M$1.8M$48K$17K 990 PDF
FY2021 Viewing $1.4M$1.3M$50K−$31K 990 PDF
FY2020 $837K$955K−$118K−$81K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,366,360 across 4 lines filed
Lines not itemized here account for $26,876 of total revenue; see the IRS return.
VIII-1e Government grants$146,700
VIII-1h Total contributions, gifts and grants$146,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,192,784$1,192,784
VIII-12 Total revenueRelated to mission $1,219,660 · Unrelated business $0 · Excluded from tax $0$1,366,360
Part IX · Statement of functional expenses $1,316,195 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $331,500$331,500
IX-7 Other salaries and wagesPrograms $571,252$571,252
IX-10 Payroll taxesPrograms $40,380 · Management $23,433$63,813
IX-11b Legal feesManagement $509$509
IX-11c Accounting feesManagement $3,600$3,600
IX-11g Other fees for servicesPrograms $8,464$8,464
IX-12 Advertising and promotionManagement $1,116$1,116
IX-13 Office expensesManagement $5,262$5,262
IX-16 OccupancyManagement $30,700$30,700
IX-17 TravelManagement $1,073$1,073
IX-23 InsuranceManagement $8,790$8,790
IX-24 Other expenses (24a–d)Programs $274,094 · Management $9,804$283,898
IX-24e All other expensesPrograms $3,498 · Management $2,720$6,218
IX-25 Total functional expensesPrograms $897,688 · Management $418,507 · Fundraising $0$1,316,195
Part X · Balance sheet $336,813 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $125,550$186,813
X-2 Savings and temporary cash investments$150,000
X-16 Total assetsStart of year $125,550$336,813
X-17 Accounts payable and accrued expensesStart of year $60,059$71,798
X-24 Unsecured notes and loans payableStart of year $146,700$296,059
X-26 Total liabilitiesStart of year $206,759$367,857
X-27 Net assets without donor restrictionsStart of year −$81,209−$31,044
X-32 Total net assets or fund balancesStart of year −$81,209−$31,044
X-33 Total liabilities and net assetsStart of year $125,550$336,813
Part XI · Reconciliation of net assets −$31,044 net assets at year end
XI-1 Total revenue$1,366,360
XI-2 Total expenses$1,316,195
XI-3 Revenue less expenses$50,165
XI-4 Net assets at start of year−$81,209
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$31,044

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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