Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
5 people listed on the 990.
Peter Maloney’s $16K as President is at the 32nd 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
| Name | FY2024 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Peter Maloney | $15,908 | $34,236 | $47,189 | $44,678 |
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
Tsunami Swimming is a recreation and sports nonprofit based in Fredericksburg, VA, formed in 2001.
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Competitive Team
Usa swimming youth sports team that competes at local and national levels. 86 swimmers for 2024-25. Practices were offered 8 times per week for 1.5-2 hours each from september 2024 through july 2025
Swim & Stay Fit
Program for swimmers ages 5 - adult to build endurance and improve technique in all 4 swimming strokes. Five sessions offered 1 or 2 times a week for 1 hour each from september 2024 through may 2025; number of participants: 146 .
Learn to Swim
Swim lesson program open to ages 4 - adult with; swimmers progress from blowing bubbles to the end goal of completing a length of backstroke and freestyle. Daily lessons last 40 minutes; once a week from september 2024 through may 2025; 5 summer sessions 10 days for 2 weeks through july; number of participants: 148 .
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By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $64K | |
| Total assetsLn 16 | $0 | $64K |
| LiabilitiesLn 26 | $0 | $35K |
| Net assetsLn 32 | $0 | $28K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $50K | $50K | ||
| Other salaries and wagesLn 7 | $49K | $49K | $100 | |
| Payroll taxesLn 10 | $7K | $7K | ||
| Accounting feesLn 11c | $1K | $1K | ||
| Other fees for servicesLn 11g | $47K | $45K | $290 | $1K |
| Advertising and promotionLn 12 | $175 | $175 | ||
| Office expensesLn 13 | $7K | $3K | $4K | |
| OccupancyLn 16 | $73K | $73K | ||
| TravelLn 17 | $5K | $5K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Total functional expensesLn 25 | $244K | $238K | $5K | $1K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $211K | $198K | $12K | $0 | 990 PDF |
| FY2023 | Not on file | ||||
| FY2022 | $182K | $39K | 990 PDF | ||
| FY2021 | $159K | $16K | 990 PDF | ||
| FY2020 | $146K | $62K | 990 PDF | ||
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $272,861 across 7 lines filed
Part IX · Statement of functional expenses $244,419 across 10 lines filed
Part X · Balance sheet $63,818 assets, 7 lines filed
Part XI · Reconciliation of net assets $28,442 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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