Promote competitive Swimming

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 3,250 volunteers and 1 employee.
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
3 of 5
filings with a surplus
Average surplus $6K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$28K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
20 mo
of spending, in cash
Looks good: 19.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181K
-15% vs prior year
Spent
$179K
To programs
92%
Net assets
$289K
By yearFY2020–FY2024
Revenue
$181K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$228K
FY2021$321K
FY2022$261K
FY2023$213K
FY2024$181K
Expenses
$179K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$245K
FY2021$286K
FY2022$274K
FY2023$191K
FY2024$179K
Net assets
$289K
FY2024▲ +0.7%
Tap a bar for its year
Net assets by fiscal year
FY2020$242K
FY2021$278K
FY2022$265K
FY2023$287K
FY2024$289K

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 Mar 2006.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $164K Management & general 8% · $15K

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

17 people listed on the 990; $28K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary - Non Voting
$28,035Pt VII · Sec A
Finance Vice Chair
$0Pt VII · Sec A
Admin Vice Chair
$0Pt VII · Sec A
SR Vice Chair
$0Pt VII · Sec A
Age Group Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Safe Sport
$0Pt VII · Sec A
JR Athlete Rep
$0Pt VII · Sec A

Betty Kooy’s $28K as Secretary - Non Voting is at the 43rd percentile of top reported officer pay among 1016 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023
Betty Kooy$28,035$26,700

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 Midwestern 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Midwestern Swimming is a recreation and sports nonprofit based in Hastings, NE.

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Provided by the organization

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3 programs · $164K · in their own filed words · FY2024
01

Mws Swim Meets

Two state championship meets, sanctioned and hosted by us swimming

$120Kprogram expense
02

Age Group Events

Education and development of athletes in competitive swimming; all star meet and zone meet

$34Kprogram expense
03

Athlete Reimbursement

Any athlete member competing in national events qualify for reimbursement. Coaches clinics are utilized for athlete training.

$10Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$181K
Ln 12
Fees for servicesLn 2g$150K
Gifts and grantsLn 1h$31K
Investment incomeLn 3$662
Money outPt IX
$179K
Ln 25
Programscol B$164K
Managementcol C$15K
Owns and owesPt X
$289K
net assets · Ln 32
Cash and savingsLn 1–2$291K
Total assetsLn 16$291K
LiabilitiesLn 26$2K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Fees for servicesLn 2g$150K
Investment incomeLn 3$662
Total revenueLn 12$181K
Assets in detailPt X, end of year
CashLn 1$106K
SavingsLn 2$184K
Cash and savings togetherLn 1–2$291K
Total assetsLn 16$291K
LiabilitiesLn 26$2K
Net assetsLn 32$289K
OperationsPt I, VI
EmployeesI 51
VolunteersI 63,250
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$290K$291K
Total assetsLn 16$290K$291K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$287K$289K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$28K$28K
Payroll taxesLn 10$2K$2K
Office expensesLn 13$16K$2K$14K
TravelLn 17$346$34$312
Conferences, conventions and meetingsLn 19$7K$7K
InsuranceLn 23$365$365
Other expenses (24a–d)Ln 24$126K$126K
Total functional expensesLn 25$179K$164K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $181K$179K$2K$289K 990 PDF
FY2023 $213K$191K$22K$287K 990 PDF
FY2022 $261K$274K−$13K$265K 990 PDF
FY2021 $321K$286K$36K$278K 990 PDF
FY2020 $228K$245K−$17K$242K 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 $180,941 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,809$30,609
I-9 Program service revenuePrior year $178,722$149,670
I-10 Investment incomePrior year $2,366$662
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $212,897$180,941
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $28,743$30,180
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $162,237$148,845
I-18 Total expensesPrior year $190,980$179,025
I-19 Revenue less expensesPrior year $21,917$1,916
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $180,941 across 5 lines filed
VIII-1b Membership dues$30,609
VIII-1h Total contributions, gifts and grants$30,609
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $149,670$149,670
VIII-3 Investment incomeExcluded from tax $662$662
VIII-12 Total revenueRelated to mission $149,670 · Unrelated business $0 · Excluded from tax $662$180,941
Part IX · Statement of functional expenses $179,025 across 7 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,035$28,035
IX-10 Payroll taxesPrograms $2,145$2,145
IX-13 Office expensesPrograms $1,827 · Management $13,856$15,683
IX-17 TravelPrograms $34 · Management $312$346
IX-19 Conferences, conventions and meetingsPrograms $6,847$6,847
IX-23 InsuranceManagement $365$365
IX-24 Other expenses (24a–d)Programs $125,604$125,604
IX-25 Total functional expensesPrograms $164,492 · Management $14,533 · Fundraising $0$179,025
Part X · Balance sheet $290,560 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $106,071$106,227
X-2 Savings and temporary cash investmentsStart of year $183,681$184,333
X-16 Total assetsStart of year $289,752$290,560
X-17 Accounts payable and accrued expensesStart of year $2,615$1,507
X-26 Total liabilitiesStart of year $2,615$1,507
X-32 Total net assets or fund balancesStart of year $287,137$289,053
X-33 Total liabilities and net assetsStart of year $289,752$290,560
Part XI · Reconciliation of net assets $289,053 net assets at year end
XI-1 Total revenue$180,941
XI-2 Total expenses$179,025
XI-3 Revenue less expenses$1,916
XI-4 Net assets at start of year$287,137
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$289,053

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

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