Ocala Aquatics INC

Ocala, FLUnknown exempt organizationEIN 31-1742325Revenue $96K in FY2020

On file with the IRSocalaaquatics.com430 Sw 43rd Place · Ocala, FL

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Teach swimming lesions and coaching a swim team

63¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$56K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Named funders
1
named funder · $260
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$96K
Spent
$152K
To programs
63%
Net assets
$0

From the FY2020 Form 990 (year ending October 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $96K Management & general 37% · $56K

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; $56K paid to officers and key staff.

Part VII, Section A · reportable compensation
Aquatic Director
$55,874Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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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 15aNo

Programs and updates

Teaches swimming lessons and coaches a swim team.

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Provided by the organization

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1 program · $96K · in their own filed words · FY2020
01

See attached schedule of accomplishments

$96Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$260

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$96K
Ln 12
Gifts and grantsLn 1h$96K
Investment incomeLn 3$30
Money outPt IX
$152K
Ln 25
Programscol B$96K
Managementcol C$56K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$96K
Fundraising eventsLn 1c$4K
Investment incomeLn 3$30
Total revenueLn 12$96K
Assets in detailPt X, end of year
CashLn 1$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderOctober
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$47K$0
Land, buildings, equipmentLn 10c$840$0
Total assetsLn 16$48K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$48K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other employee benefitsLn 9$7K$0$7K$0
Accounting feesLn 11c$5K$0$5K$0
Advertising and promotionLn 12$819$0$819$0
Office expensesLn 13$913$0$913$0
InterestLn 20$383$0$383$0
Depreciation, depletion and amortizationLn 22$100$0$100$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$2K$0$2K$0
All other expensesLn 24e$135K$96K$39K$0
Total functional expensesLn 25$152K$96K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $96K$152K−$56K$0 990 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 FY2020 990 (6 parts)
Part I · Summary $95,817 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $209,963$95,787
I-9 Program service revenue$0
I-10 Investment incomePrior year $229$30
I-11 Other revenue$0
I-12 Total revenuePrior year $210,192$95,817
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,411$6,828
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $216,259$144,687
I-18 Total expensesPrior year $219,670$151,515
I-19 Revenue less expensesPrior year −$9,478−$55,698
Part VI · Governance 7 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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 $95,817 across 5 lines filed
VIII-1b Membership dues$91,593
VIII-1c Fundraising events$4,194
VIII-1h Total contributions, gifts and grants$95,787
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$30
VIII-12 Total revenueRelated to mission $30 · Unrelated business $0 · Excluded from tax $0$95,817
Part IX · Statement of functional expenses $151,515 across 9 lines filed
IX-9 Other employee benefitsPrograms $0 · Management $6,828 · Fundraising $0$6,828
IX-11c Accounting feesPrograms $0 · Management $4,580 · Fundraising $0$4,580
IX-12 Advertising and promotionPrograms $0 · Management $819 · Fundraising $0$819
IX-13 Office expensesPrograms $0 · Management $913 · Fundraising $0$913
IX-20 InterestPrograms $0 · Management $383 · Fundraising $0$383
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $100 · Fundraising $0$100
IX-23 InsurancePrograms $0 · Management $1,449 · Fundraising $0$1,449
IX-24 Other expenses (24a–d)Programs $0 · Management $1,646 · Fundraising $0$1,646
IX-24e All other expensesPrograms $95,796 · Management $39,001 · Fundraising $0$134,797
IX-25 Total functional expensesPrograms $95,796 · Management $55,719 · Fundraising $0$151,515
Part X · Balance sheet $0 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $47,311$0
X-10c Land, buildings and equipment, netStart of year $840$0
X-16 Total assetsStart of year $48,151$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $48,151$0
X-32 Total net assets or fund balancesStart of year $48,151$0
X-33 Total liabilities and net assetsStart of year $48,151$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$95,817
XI-2 Total expenses$151,515
XI-3 Revenue less expenses−$55,698
XI-4 Net assets at start of year$48,151
XI-9 Other changes in net assets$7,547
XI-10 Net assets at end of year$0

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

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