Is it real?
Yes. Exemption reinstated (2010-12-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
98 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990.
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
Develops swimmers to reach their full potential while fostering character and sportsmanship.
Questions for Flashes Aquatics INC
Your first name shows with your question. Flashes Aquatics INC answers here, for everyone.
Swim Club
There are 125 student athlete members in the club. They practice 3 to 6 days per week, year round. Each practice is 1 to 2 hours depending on the group level. Coaches and life guards are paid to support these practices. Equipment, supplies and insurance are aditional costs for the club.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-2452897) · Dispute this lineSwim Meets
Club swimmers participate in meets 2 weekends per month for about 8 months out of the year. Swimmers meeting time standards set by IN swimming go on to swim at divisional and state meets. All 125 members are eligible to participate in the meets.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-2452897) · Dispute this lineSwim Lessons
Lessons are offered 2 days per weekfor 30 to 45 minutes in April, May, June, September, October, November and December. We serve 300 children each year in the lesson program. The program teaches water safety first and stroke technique. The program develops swimmers for joing the swim club
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-2452897) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $165K | $219K |
| Total assetsLn 16 | $165K | $219K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $165K | $219K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1K | $1K | ||
| Benefits paid to or for membersLn 4 | $91K | $91K | ||
| Other salaries and wagesLn 7 | $248K | $248K | $0 | $0 |
| Other employee benefitsLn 9 | $7K | $7K | $0 | $0 |
| Payroll taxesLn 10 | $20K | $20K | $0 | $0 |
| Management feesLn 11a | $3K | $3K | $0 | $0 |
| Legal feesLn 11b | $22 | $0 | $22 | $0 |
| Accounting feesLn 11c | $350 | $0 | $350 | $0 |
| Advertising and promotionLn 12 | $926 | $0 | $926 | $0 |
| Office expensesLn 13 | $573 | $573 | $0 | $0 |
| Information technologyLn 14 | $3K | $0 | $3K | $0 |
| OccupancyLn 16 | $7K | $7K | $0 | $0 |
| TravelLn 17 | $3K | $0 | $3K | $0 |
| InsuranceLn 23 | $6K | $4K | $2K | $0 |
| Other expenses (24a–d)Ln 24 | $4K | $4K | $670 | $0 |
| Total functional expensesLn 25 | $395K | $386K | $9K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 12, 2026 | $449K | $395K | $54K | $219K | 990 PDF |
| FY2024Filed with the IRS Apr 8, 2025 | $322K | $357K | −$35K | $165K | 990 PDF |
| FY2023Filed with the IRS Jun 11, 2024 | $245K | $292K | −$47K | $200K | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021Filed with the IRS May 23, 2022 | $234K | $228K | $6K | $188K | 990 PDF |
| FY2020Filed with the IRS Mar 12, 2021 | $211K | $154K | $57K | $160K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $448,871 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 4 to look at
Part VIII · Statement of revenue $448,871 across 7 lines filed
Part IX · Statement of functional expenses $395,037 across 15 lines filed
Part X · Balance sheet $218,794 assets, 7 lines filed
Part XI · Reconciliation of net assets $218,794 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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