Rocket Aquatics INC FY2022 filing

Tax-deductible

Menomonee Fls, WI501(c)(3)Since 1962Recreation & SportsEIN 39-1795416Revenue $468K in FY2022

On file with the IRSrocketaquatics.orgPo Box 344, 53052-0344 · Menomonee Fls, WITax-exempt since Jun 1995Publicly supported — 509(a)(2)

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Provide facilites and coaching to train swimmers of all abilities to complete in various local, regional, and national swimming meets. Approximately 250 swimmers

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$111K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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 5
filings with a surplus
Average deficit $356 a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$111K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $142
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$61K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$468K
+10% vs prior year
Spent
$464K
To programs
100%
Net assets
$102K
By yearFY2021–FY2025
Revenue
$468K
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$427K
FY2022$468K
FY2023$474K
FY2024$506K
FY2025$501K
Expenses
$464K
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$421K
FY2022$464K
FY2023$474K
FY2024$506K
FY2025$513K
Net assets
$102K
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$98K
FY2022$102K
FY2023$102K
FY2024$102K
FY2025$90K

From the FY2022 Form 990 (year ending August 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1995.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $464K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $111K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head Coach/Board Member
$111,101Pt VII · Sec A
President/Board Member
$0Pt VII · Sec A
Treasurer/Board Member
$0Pt VII · Sec A
Secretary/Board Member
$0Pt VII · Sec A
Registration/Board Member
$0Pt VII · Sec A
Fundraising/Board Member
$0Pt VII · Sec A
Meet Director/Board Member
$0Pt VII · Sec A
Clothing/Board Member
$0Pt VII · Sec A

Scott Mueller’s $112K as Head Coach/Board Member is at the 94th percentile of top reported officer pay among 1017 $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

NameFY2025FY2024FY2023FY2022FY2021
Scott Mueller$111,835$117,540$114,822$111,101$108,823

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.

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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

Trains swimmers of all abilities for local, regional, and national meets with facilities and coaching.

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Provided by the organization

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1 program · $464K · in their own filed words · FY2021
01

Train swimmers of all abilities to compete in various local, regional, and national swim meets.

$464Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$142
Grants paid · 5 grants · $41K · 2020–2024

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$468K
Ln 12
Fees for servicesLn 2g$468K
Investment incomeLn 3$33
Money outPt IX
$464K
Ln 25
Programscol B$464K
Owns and owesPt X
$102K
net assets · Ln 32
Cash and savingsLn 1–2$163K
Total assetsLn 16$163K
LiabilitiesLn 26$61K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$468K
Investment incomeLn 3$33
Total revenueLn 12$468K
Assets in detailPt X, end of year
CashLn 1$61K
SavingsLn 2$102K
Cash and savings togetherLn 1–2$163K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$163K
LiabilitiesLn 26$61K
Net assetsLn 32$102K
OperationsPt I, VI
EmployeesI 513
VolunteersI 6175
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 FY22End FY22
Cash and savingsLn 1–2$212K$163K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$212K$163K
LiabilitiesLn 26$114K$61K
Net assetsLn 32$98K$102K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Pay of current officers, directors and key staffLn 5$111K$111K$0$0
Pay of disqualified personsLn 6$143K$143K$0$0
Payroll taxesLn 10$20K$20K$0$0
Office expensesLn 13$6K$6K$0$0
OccupancyLn 16$26K$26K$0$0
TravelLn 17$18K$18K$0$0
Conferences, conventions and meetingsLn 19$1K$1K$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$4K$4K$0$0
Other expenses (24a–d)Ln 24$117K$117K$0$0
All other expensesLn 24e$10K$10K$0$0
Total functional expensesLn 25$464K$464K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $501K$513K−$12K$90K 990 PDF
FY2024 $506K$506K$1$102K 990 PDF
FY2023 $474K$474K$1$102K 990 PDF
FY2022 Viewing $468K$464K$4K$102K 990 PDF
FY2021 $427K$421K$6K$98K 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 FY2022 990 (6 parts)
Part I · Summary $468,087 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $98,162$0
I-9 Program service revenuePrior year $328,789$468,054
I-10 Investment incomePrior year $36$33
I-11 Other revenue$0
I-12 Total revenuePrior year $426,987$468,087
I-13 Grants and similar amounts paidPrior year $9,247$7,510
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $266,840$273,510
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $144,786$182,847
I-18 Total expensesPrior year $420,873$463,867
I-19 Revenue less expensesPrior year $6,114$4,220
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $468,087 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$468,054
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$33
VIII-12 Total revenueRelated to mission $468,087 · Unrelated business $0 · Excluded from tax $0$468,087
Part IX · Statement of functional expenses $463,867 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $7,510$7,510
IX-5 Pay of current officers, directors and key staffPrograms $111,101 · Management $0 · Fundraising $0$111,101
IX-6 Pay of disqualified personsPrograms $142,894 · Management $0 · Fundraising $0$142,894
IX-10 Payroll taxesPrograms $19,515 · Management $0 · Fundraising $0$19,515
IX-13 Office expensesPrograms $6,469 · Management $0 · Fundraising $0$6,469
IX-16 OccupancyPrograms $26,321 · Management $0 · Fundraising $0$26,321
IX-17 TravelPrograms $18,373 · Management $0 · Fundraising $0$18,373
IX-19 Conferences, conventions and meetingsPrograms $1,000 · Management $0 · Fundraising $0$1,000
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $4,198 · Management $0 · Fundraising $0$4,198
IX-24 Other expenses (24a–d)Programs $116,938 · Management $0 · Fundraising $0$116,938
IX-24e All other expensesPrograms $9,548 · Management $0 · Fundraising $0$9,548
IX-25 Total functional expensesPrograms $463,867 · Management $0 · Fundraising $0$463,867
Part X · Balance sheet $163,158 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $109,994$61,457
X-2 Savings and temporary cash investmentsStart of year $101,668$101,701
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $211,662$163,158
X-17 Accounts payable and accrued expensesStart of year $46,888$46,562
X-19 Deferred revenueStart of year $66,744$14,346
X-26 Total liabilitiesStart of year $113,632$60,908
X-32 Total net assets or fund balancesStart of year $98,030$102,250
X-33 Total liabilities and net assetsStart of year $211,662$163,158
Part XI · Reconciliation of net assets $102,250 net assets at year end
XI-1 Total revenue$468,087
XI-2 Total expenses$463,867
XI-3 Revenue less expenses$4,220
XI-4 Net assets at start of year$98,030
XI-10 Net assets at end of year$102,250

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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