Patriot Aquatics EIN 46-4717536 Form 990 (PDF) Claim this org

Patriot Aquatics FY2022 filing

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Develops young athletes in swimming and water polo, fostering character and teamwork. For fiscal year 2022 it reported $660K in revenue, $781K in expenses, and $-167K in net assets.Pt I

Founded
2014
Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Irvine, CA
Website
www.patriotaquatics.org
Filings
6 on file (2020–2022)
Revenue
$660KFY2022
Expenses
$781K
Net assets
$-167K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  46-4717536 Public charity (501(c)(3)) Irvine, CA Founded 2014
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Develops young athletes in swimming and water polo, fostering character and teamwork.
Leadership
Duje Grubisic · President · $105K
Money in and out
$660K revenue, $781K expenses
Bottom line
80% program efficiency
Where the money goes · FY2022
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$781K
Pt IX · Ln 25
Net assets
$-167K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$121K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.10 Fundraising $0.10
Program efficiency
80%
of spending reaches programs
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$660K
FY2022▲ +4%
Expenses
$781K
FY2022▲ +4%
Total assets
$73K
FY2022▼ -45%
Total liabilities
$240K
FY2022▲ +14%
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$781K
Pt IX · Ln 25
Net assets
$-167K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$121K
Total assetsPt X · Ln 16$73K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPatriot Aquatics
EINHdr · item D46-4717536
Principal addressHdr · item CIrvine, CA
WebsiteHdr · item Jwww.patriotaquatics.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N67)
Ruling yearIRS BMFJul 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$105,191Pt VII · Sec A
Vice President
$63,317Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Duje Grubisic’s $110K as President is at the 40th percentile of top reported officer pay among 1842 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Duje Grubisic$109,850$113,879$133,362$105,191$105,508
Tijmen Egtberts$58,033$63,317$52,895
Bojan Hrlec$51,062$38,500

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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Mission & Programs · Part III

Where the work happens

1 program service account for $625K of program spending, described in the organization's own filed words · FY2022.
01

The organization's mission is to provide a highly competitive athletic environment in an atmosphere instilled with high ethical values by conducting aquatics practices of swimming and water polo.

$625Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$635K · 96%
Contributions & grants$38K · 6%
Program service revenue96%$635K
Contributions & grants6%$38K
Investment income$79
— government grantsLn 1e$16K
Total revenueLn 12$660K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.10 Fundraising $0.10
Program services80%$625K
Management & general10%$78K
Fundraising10%$78K
Total functional expensesLn 25$781K

Balance Sheet

Part X · end of year
CashLn 1$67K
Total assetsLn 16$73K
Total liabilitiesLn 26$240K
Total net assetsLn 32$-167K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $67K · Operating expenses (Pt IX) $781K · Less non-cash grants $6K · Cash operating expenses/yr $775K
1.0 months
Where the money goes
Program services
Program services $625K · Total expenses $781K
80%
Management & General
Management & general $78K · Total expenses $781K
10%
Fundraising
Fundraising $78K · Total expenses $781K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $26K · Solicited contributions (3-yr avg) $11K
$2.29 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $38K · Total revenue $660K
6%
Government reliance
Government grants $16K · Total revenue $660K
2%
Earned-income share
Program service revenue $635K · Total revenue $660K
96%
Investment reliance
Investment income $79 · Total revenue $660K
+0.01%
Program self-sufficiency
Program service revenue $635K · Total expenses $781K
81%
Growth & trend
Revenue growth (YoY)
This year $660K · Prior year $632K
+4%
Net-asset trend (YoY)
End of year $-167K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $660K · Expenses $781K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $73K
Net-asset ratio
Net assets $-167K · Total assets $73K
-230%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $73K
0%
People & payroll
Highest Reported Total Compensation
Individual Duje Grubisic · Reported title President · Highest reported compensation $105K · Total expenses $781K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $446K · Total expenses $781K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 10%
Fundraising cost ratio 206%
Revenue growth 4%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.08%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$23K
Grants paid · 2 grants · $10K · 2024–2025
Patriot Swim ClubCA · FY2025$4,000
Patriot Swim ClubCA · FY2024$5,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.3M revenue · ⤓ 990 PDF
FY2024$1.1M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$660K revenue · viewing · ⤓ 990 PDF
FY2021$632K revenue · ⤓ 990 PDF
FY2020$304K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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