San Antonio Wave EIN 74-2391265 Form 990 (PDF) Claim this org

San Antonio Wave FY2020 filing

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Coaches talented youth for swimming excellence. For fiscal year 2020 it reported $249K in revenue, $376K in expenses, and $472K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Austin, TX
Website
www.sawave.org
Filings
5 on file (2020–2020)
Revenue
$249KFY2020
Expenses
$376K
Net assets
$472K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-2391265 Public charity (501(c)(3)) Austin, TX
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Coaches talented youth for swimming excellence.
Leadership
Scott Gainey · Head Coach · $62K
Money in and out
$249K revenue, $376K expenses
Bottom line
96% program efficiency
Where the money goes · FY2020
Total revenue
$249K
Pt VIII · Ln 12
Total expenses
$376K
Pt IX · Ln 25
Net assets
$472K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$127K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
16.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-51%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$249K
FY2020
Expenses
$376K
FY2020
Total assets
$518K
FY2020
Total liabilities
$46K
FY2020
Total revenue
$249K
Pt VIII · Ln 12
Total expenses
$376K
Pt IX · Ln 25
Net assets
$472K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$127K
Total assetsPt X · Ln 16$518K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSan Antonio Wave
EINHdr · item D74-2391265
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.sawave.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
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
Head Coach
$61,500Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jennifer Smetana$68,269
Jen Smetana$61,771
Scott Gainey$61,500
Ken Grey$49,167
Ken Gray$41,372
Scott Gainey$34,725
Jen Sematana$28,307

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

2 program services account for $363K of program spending, described in the organization's own filed words · FY2020.
01

Coaching talented youth for excellence in swimming

$359Kprogram expense
02

Swim meets are held regularly to promote excellence in swimming.

$4Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$201K · 81%
Program service revenue$39K · 16%
Investment income$8K · 3%
Contributions & grants81%$201K
Program service revenue16%$39K
Investment income3%$8K
Total revenueLn 12$249K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$363K
Management & general4%$13K
Total functional expensesLn 25$376K

Balance Sheet

Part X · end of year
CashLn 1$244K
Total assetsLn 16$518K
Total liabilitiesLn 26$46K
Total net assetsLn 32$472K
Months of cash on handcomputed7.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $515K · Operating expenses/yr $376K
16.4 months
Where the money goes
Program services
Program services $363K · Total expenses $376K
96%
Management & General
Management & general $13K · Total expenses $376K
4%
Fundraising
Fundraising $0 · Total expenses $376K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $201K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $201K · Total revenue $249K
81%
Government reliance
Government grants — · Total revenue $249K
Earned-income share
Program service revenue $39K · Total revenue $249K
16%
Investment reliance
Investment income $8K · Total revenue $249K
+3%
Program self-sufficiency
Program service revenue $39K · Total expenses $376K
10%
Growth & trend
Revenue growth (YoY)
This year $249K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $472K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $249K · Expenses $376K
-51%
Liabilities-to-Assets
Total liabilities — · Total assets $518K
Net-asset ratio
Net assets $472K · Total assets $518K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $271K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $518K
52%
People & payroll
Highest Reported Total Compensation
Individual Scott Gainey · Reported title HEAD COACH · Highest reported compensation $62K · Total expenses $376K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $255K · Total expenses $376K
68%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Legal fee ratio 0.07%
Accounting fee ratio 3%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$178

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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
FY2024 (Latest)$470K revenue · ⤓ 990 PDF
FY2023$393K revenue · ⤓ 990 PDF
FY2022$334K revenue · ⤓ 990 PDF
FY2021$274K revenue · ⤓ 990 PDF
FY2020$249K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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