Csi Swim INC FY2020 filing

Broadview Heights, OHUnknown exempt organization EIN 81-3562200Revenue $205K in FY2020

On file with the IRS1 Eagle Valley CT · Broadview Heights, OH

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To teach children and young adults the benefits of hard work, dedication, and sportsmanship through a positive, supportive, highly competitive team environment.

78¢ of each $1 spent went to programs.
$35K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $584 a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$154
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$205K
Spent
$173K
To programs
78%
Net assets
$30K
By yearFY2020–FY2023
Revenue
$205K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$205K
FY2021$239K
FY2022$162K
FY2023$76K
Expenses
$173K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$173K
FY2021$252K
FY2022$169K
FY2023$86K
Net assets
$30K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$30K
FY2021$16K
FY2022$10K
FY2023$0

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Exemption reinstated (2019-05-15). Per the IRS revocation list. Latest filing on record: FY2023.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $135K Management & general 22% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer
$24,170Pt VII · Sec A
$10,338Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
John Collis III$37,829$38,945$38,062$10,338
Katey Collis——$27,040$24,170

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.

See Csi Swim INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches youth hard work, dedication, and sportsmanship through competitive team experiences.

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Provided by the organization

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1 program · $135K · in their own filed words · FY2020
01

For those proficient in all four strokes and looking to compete in the sport of swimming, we offer a competitive usa sanctioned club team. Practice groups are tailored to meet the needs of all swimmers, all of which adhere to our strong belief in the long-term technical development of each individual.

$135Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$205K
Ln 12
Fees for servicesLn 2g$185K
Gifts and grantsLn 1h$20K
Money outPt IX
$173K
Ln 25
Programscol B$135K
Managementcol C$37K
Owns and owesPt X
$30K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$30K
LiabilitiesLn 26$154
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Government grantsLn 1e$20K
Fees for servicesLn 2g$185K
Total revenueLn 12$205K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Total assetsLn 16$30K
LiabilitiesLn 26$154
Net assetsLn 32$30K
OperationsPt I, VI
EmployeesI 514
VolunteersI 62
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$1K$30K
Total assetsLn 16$1K$30K
LiabilitiesLn 26$3K$154
Net assetsLn 32−$2K$30K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$60K$36K$24K
Other employee benefitsLn 9$203$203
Payroll taxesLn 10$6K$4K$2K
Legal feesLn 11b$4K$4K
Other fees for servicesLn 11g$10K$9K$1K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$9K$7K$2K
OccupancyLn 16$49K$49K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$24K$24K
All other expensesLn 24e$1K$123$1K
Total functional expensesLn 25$173K$135K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $76K$86K−$10K$0 990 PDF
FY2022 $162K$169K−$7K$10K 990 PDF
FY2021 $239K$252K−$14K$16K 990 PDF
FY2020 Viewing $205K$173K$32K$30K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $204,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$19,700
I-9 Program service revenuePrior year $956$185,221
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $956$204,921
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$66,132
I-16a Professional fundraising feesPrior year $94$0
I-17 Other expensesPrior year $2,031$106,688
I-18 Total expensesPrior year $2,125$172,820
I-19 Revenue less expensesPrior year −$1,169$32,101
Part VI · Governance 3 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $204,921 across 4 lines filed
VIII-1e Government grants$19,700
VIII-1h Total contributions, gifts and grants$19,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $185,221$185,221
VIII-12 Total revenueRelated to mission $185,221 · Unrelated business $0 · Excluded from tax $0$204,921
Part IX · Statement of functional expenses $172,820 across 11 lines filed
IX-7 Other salaries and wagesPrograms $35,820 · Management $24,350$60,170
IX-9 Other employee benefitsPrograms $203$203
IX-10 Payroll taxesPrograms $3,648 · Management $2,111$5,759
IX-11b Legal feesManagement $3,750$3,750
IX-11g Other fees for servicesPrograms $9,090 · Management $1,271$10,361
IX-12 Advertising and promotionManagement $3,005$3,005
IX-13 Office expensesPrograms $6,848 · Management $1,809$8,657
IX-16 OccupancyPrograms $48,591$48,591
IX-23 InsurancePrograms $6,749$6,749
IX-24 Other expenses (24a–d)Programs $24,312$24,312
IX-24e All other expensesPrograms $123 · Management $1,140$1,263
IX-25 Total functional expensesPrograms $135,384 · Management $37,436 · Fundraising $0$172,820
Part X · Balance sheet $29,917 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,025$29,917
X-16 Total assetsStart of year $1,025$29,917
X-17 Accounts payable and accrued expensesStart of year $3,363$154
X-26 Total liabilitiesStart of year $3,363$154
X-27 Net assets without donor restrictionsStart of year −$2,338$29,763
X-32 Total net assets or fund balancesStart of year −$2,338$29,763
X-33 Total liabilities and net assetsStart of year $1,025$29,917
Part XI · Reconciliation of net assets $29,763 net assets at year end
XI-1 Total revenue$204,921
XI-2 Total expenses$172,820
XI-3 Revenue less expenses$32,101
XI-4 Net assets at start of year−$2,338
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,763

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

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