Boca Raton Acquatics INC FY2020 filing

Tax-deductible

Boca Raton, FL501(c)(3)Public & Societal BenefitEIN 46-4012011Revenue $138K in FY2020

On file with the IRSbrswim.com935 Sweetwater Ln Apt 104, 33431-7193 · Boca Raton, FLTax-exempt since Jul 2014Publicly supported — 509(a)(2)

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The program teaches the values of teamwork, self-discipline and sportsmanship, resulting in well-rounded school aged children. Membership has reached 923 lifetime and currently has 104 active members.

501(c)(3) charity; gifts are tax-deductible.
$54K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · 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 deficit $673 a year · under 1% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$54K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$106K
116% of total assets
Concern: liabilities are 116% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$138K
Spent
$165K
To programs
0%
Net assets
−$15K
By yearFY2020–FY2024
Revenue
$138K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$138K
FY2021$291K
FY2022$265K
FY2023$301K
FY2024$293K
Expenses
$165K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$165K
FY2021$266K
FY2022$251K
FY2023$298K
FY2024$311K
Net assets
−$15K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$15K
FY2021$10K
FY2022$24K
FY2023$27K
FY2024$9K

From the FY2020 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 Jul 2014.

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

Where the money goes

What each dollar paid for.

Management & general 1% · $1K

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

4 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation
$54,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Allan Williams’s $84K as President is at the 65th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit 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

NameFY2024FY2023FY2022FY2021FY2020
Allan Williams$83,557$116,991$83,944$92,333$54,000

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.

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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

Teaches children teamwork, self-discipline, and sportsmanship for well-rounded development.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Provided scholarships for 8 children membership at a value of 12,000. This allowed the children to participate in all activities for the year. The families were not financially able to assist in paying the fees and this allowed the kids to participate in the programs.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$138K
Ln 12
Gifts and grantsLn 1h$138K
Money outPt IX
$165K
Ln 25
Managementcol C$1K
Owns and owesPt X
−$15K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$91K
LiabilitiesLn 26$106K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$138K
Noncash giftsLn 1g$12K
Total revenueLn 12$138K
Assets in detailPt X, end of year
CashLn 1$69K
Cash and savings togetherLn 1–2$69K
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$91K
LiabilitiesLn 26$106K
Net assetsLn 32−$15K
OperationsPt I, VI
EmployeesI 56
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 FY20End FY20
Cash and savingsLn 1–2$12K$69K
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$12K$91K
LiabilitiesLn 26$0$106K
Net assetsLn 32$12K−$15K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$12K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$54K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$40K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$7K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$7K
TravelLn 17$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$33K
All other expensesLn 24e$0
Total functional expensesLn 25$165K$0$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $293K$311K−$18K$9K 990 PDF
FY2023 $301K$298K$2K$27K 990 PDF
FY2022 $265K$251K$15K$24K 990 PDF
FY2021 $291K$266K$25K$10K 990 PDF
FY2020 Viewing $138K$165K−$27K−$15K 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 $138,032 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $231,970$138,032
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $231,970$138,032
I-13 Grants and similar amounts paidPrior year $14,320$12,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $116,569$101,434
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $88,594$51,413
I-18 Total expensesPrior year $219,483$164,847
I-19 Revenue less expensesPrior year $12,487−$26,815
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $138,032 across 5 lines filed
VIII-1b Membership dues$136,472
VIII-1f All other contributions, gifts and grants$1,560
VIII-1g Noncash contributions (included above)$12,000
VIII-1h Total contributions, gifts and grants$138,032
VIII-12 Total revenue$138,032
Part IX · Statement of functional expenses $164,847 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$12,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$54,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$40,140
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$7,294
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$3,900
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$7,291
IX-17 Travel$2,146
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $1,145$1,145
IX-23 Insurance$3,814
IX-24 Other expenses (24a–d)$33,117
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $1,145 · Fundraising $0$164,847
Part X · Balance sheet $91,091 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $12,056$69,333
X-10c Land, buildings and equipment, net$21,758
X-16 Total assetsStart of year $12,056$91,091
X-24 Unsecured notes and loans payable$105,850
X-26 Total liabilitiesStart of year $0$105,850
X-32 Total net assets or fund balancesStart of year $12,056−$14,759
X-33 Total liabilities and net assetsStart of year $12,056$91,091
Part XI · Reconciliation of net assets −$14,759 net assets at year end
XI-1 Total revenue$138,032
XI-2 Total expenses$164,847
XI-3 Revenue less expenses−$26,815
XI-4 Net assets at start of year$12,056
XI-10 Net assets at end of year−$14,759

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

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