Race Swami exists to empower youth to be champions in and out of the water for a lifetime. We provide opportunities in swimming for underserved youth from the west side of salt lake city. Out goal is to develop our participants physical and mental health in a fun and unique environment, deeply rooted in seflt-discipline, teamwork, and whole-body awaremenss. At the same, we value and welcome the rich cultural knowledge and experiences of the youth and communities we serve. Race Swami is a 501 (c) (3) non profit club service the rose park, glendale and neighboring communities of salt lake city's west side.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 60 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average surplus $6K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$43K
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
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $129K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$254K
+43% vs prior year
Spent
$177K
To programs
84%
Net assets
$110K
By yearFY2020–FY2024
Revenue
$254K
FY2024▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2020$216K
FY2021$204K
FY2022$185K
FY2023$178K
FY2024$254K
Expenses
$177K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$196K
FY2021$223K
FY2022$223K
FY2023$188K
FY2024$177K
Net assets
$110K
FY2024▲ +246%
Tap a bar for its year
Net assets by fiscal year
FY2020$103K
FY2021$78K
FY2022$41K
FY2023$32K
FY2024$110K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2011.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $149K Management & general 8% · $15K Fundraising 7% · $13K

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

8 people listed on the 990; $43K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$43,333Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Presid
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Matt Finnigan$43,333$54,167$65,000$65,000$66,495

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 Race Swami 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 15aYes

Programs and updates

Empowers underserved youth through swimming, fostering discipline, teamwork, and well-being.

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Provided by the organization

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1 program · $149K · in their own filed words · FY2024
01

January race swami was selected as one of 12 usa swimming programs nationally (and the only program located in the intermountain region) for the community impact grant. The grant, meant to increase competitive opportunities within usa swimming as well as assist in programming to underserved communities, is renewable annually for up to…

$149Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 2 grants · $35K · 2020–2021
Unitemized GrantFY2021$20,643
Unitemized GrantFY2020$14,623

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$254K
Ln 12
Gifts and grantsLn 1h$231K
Fees for servicesLn 2g$23K
Investment incomeLn 3$3
Money outPt IX
$177K
Ln 25
Programscol B$149K
Managementcol C$15K
Fundraisingcol D$13K
Owns and owesPt X
$110K
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$114K
LiabilitiesLn 26$5K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$231K
Fees for servicesLn 2g$23K
Investment incomeLn 3$3
Total revenueLn 12$254K
Assets in detailPt X, end of year
CashLn 1$47K
SavingsLn 2$63K
Cash and savings togetherLn 1–2$111K
Total assetsLn 16$114K
LiabilitiesLn 26$5K
Net assetsLn 32$110K
OperationsPt I, VI
EmployeesI 514
VolunteersI 660
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 FY24End FY24
Cash and savingsLn 1–2$34K$111K
Total assetsLn 16$39K$114K
LiabilitiesLn 26$7K$5K
Net assetsLn 32$32K$110K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$43K$28K$4K$11K
Other salaries and wagesLn 7$65K$65K
Payroll taxesLn 10$8K$7K$313$781
Accounting feesLn 11c$8K$8K
Office expensesLn 13$7K$6K$327$327
Information technologyLn 14$4K$4K$199$199
OccupancyLn 16$22K$22K
TravelLn 17$3K$3K
InsuranceLn 23$559$559
Other expenses (24a–d)Ln 24$14K$14K
All other expensesLn 24e$2K$585$717$457
Total functional expensesLn 25$177K$149K$15K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $254K$177K$78K$110K 990 PDF
FY2023 $178K$188K−$9K$32K 990 PDF
FY2022 $185K$223K−$37K$41K 990 PDF
FY2021 $204K$223K−$20K$78K 990 PDF
FY2020 $216K$196K$20K$103K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $254,466 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $158,364$231,155
I-9 Program service revenuePrior year $19,998$23,308
I-10 Investment incomePrior year $37$3
I-11 Other revenue$0
I-12 Total revenuePrior year $178,399$254,466
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $122,773$115,859
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $64,826$60,719
I-18 Total expensesPrior year $187,599$176,578
I-19 Revenue less expensesPrior year −$9,200$77,888
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
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 payYes
Part VIII · Statement of revenue $254,466 across 5 lines filed
VIII-1f All other contributions, gifts and grants$231,155
VIII-1h Total contributions, gifts and grants$231,155
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,308$23,308
VIII-3 Investment incomeExcluded from tax $3$3
VIII-12 Total revenueRelated to mission $23,308 · Excluded from tax $3$254,466
Part IX · Statement of functional expenses $176,578 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,167 · Management $4,333 · Fundraising $10,833$43,333
IX-7 Other salaries and wagesPrograms $64,712$64,712
IX-10 Payroll taxesPrograms $6,720 · Management $313 · Fundraising $781$7,814
IX-11c Accounting feesManagement $8,395$8,395
IX-13 Office expensesPrograms $5,895 · Management $327 · Fundraising $327$6,549
IX-14 Information technologyPrograms $3,572 · Management $199 · Fundraising $199$3,970
IX-16 OccupancyPrograms $21,940$21,940
IX-17 TravelPrograms $3,377$3,377
IX-23 InsuranceManagement $559$559
IX-24 Other expenses (24a–d)Programs $14,170$14,170
IX-24e All other expensesPrograms $585 · Management $717 · Fundraising $457$1,759
IX-25 Total functional expensesPrograms $149,138 · Management $14,843 · Fundraising $12,597$176,578
Part X · Balance sheet $114,357 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,457$47,221
X-2 Savings and temporary cash investmentsStart of year $31,774$63,363
X-4 Accounts receivableStart of year $4,311$3,773
X-16 Total assetsStart of year $38,542$114,357
X-17 Accounts payable and accrued expensesStart of year $6,834$4,761
X-26 Total liabilitiesStart of year $6,834$4,761
X-27 Net assets without donor restrictionsStart of year $3,557$16,044
X-28 Net assets with donor restrictionsStart of year $28,151$93,552
X-32 Total net assets or fund balancesStart of year $31,708$109,596
X-33 Total liabilities and net assetsStart of year $38,542$114,357
Part XI · Reconciliation of net assets $109,596 net assets at year end
XI-1 Total revenue$254,466
XI-2 Total expenses$176,578
XI-3 Revenue less expenses$77,888
XI-4 Net assets at start of year$31,708
XI-10 Net assets at end of year$109,596

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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