Swift Aquatics LLC FY2020 filing

Tax-deductible

Morton Grove, IL501(c)(3)Since 2017Recreation & SportsEIN 82-1550205Revenue $377K in FY2020

On file with the IRS8907 Osceola Ave, 60053-1928 · Morton Grove, ILTax-exempt since Jan 2018Publicly supported — 509(a)(2)

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Children's swimming instruction

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $166 a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$377K
Spent
$395K
To programs
100%
Net assets
$107K
By yearFY2020–FY2025
Revenue
$377K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$377K
FY2021$277K
FY2022$385K
FY2023$380K
FY2024$347K
FY2025$408K
Expenses
$395K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$395K
FY2021$313K
FY2022$344K
FY2023$335K
FY2024$411K
FY2025$377K
Net assets
$107K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$107K
FY2021$71K
FY2022$111K
FY2023$157K
FY2024$93K
FY2025$124K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $395K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
$73,840Pt VII · Sec A

Seth Orlove’s $84K as Officer is at the 86th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Seth Orlove$83,998$80,000$76,346$71,346$63,406$73,840

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

Teaches children essential swimming skills for safety and fun.

Questions for Swift Aquatics LLC

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Provided by the organization

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1 program · $206K · in their own filed words · FY2020
01

Children's swimming instruction

$206Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$377K
Ln 12
Fees for servicesLn 2g$341K
Other incomeLn 4–11$36K
Money outPt IX
$395K
Ln 25
Programscol B$395K
Owns and owesPt X
$107K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$107K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$341K
Other incomeLn 4–11$36K
Total revenueLn 12$377K
Assets in detailPt X, end of year
CashLn 1$107K
Cash and savings togetherLn 1–2$107K
Total assetsLn 16$107K
LiabilitiesLn 26$0
Net assetsLn 32$107K
OperationsPt I, VI
EmployeesI 511
VolunteersI 67
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$125K$107K
Total assetsLn 16$125K$107K
LiabilitiesLn 26$0$0
Net assetsLn 32$125K$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$176K$176K
Payroll taxesLn 10$14K$14K
Other expenses (24a–d)Ln 24$206K$206K
Total functional expensesLn 25$395K$395K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $408K$377K$32K$124K 990 PDF
FY2024 $347K$411K−$64K$93K 990 PDF
FY2023 $380K$335K$45K$157K 990 PDF
FY2022 $385K$344K$41K$111K 990 PDF
FY2021 $277K$313K−$36K$71K 990 PDF
FY2020 Viewing $377K$395K−$19K$107K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $376,741 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $454,089$340,941
I-10 Investment income$0
I-11 Other revenue$35,800
I-12 Total revenuePrior year $454,089$376,741
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $250,673$189,550
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $185,527$205,887
I-18 Total expensesPrior year $436,200$395,437
I-19 Revenue less expensesPrior year $17,889−$18,696
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $376,741 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $340,941$340,941
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35,800$35,800
VIII-12 Total revenueRelated to mission $376,741$376,741
Part IX · Statement of functional expenses $395,437 across 3 lines filed
IX-7 Other salaries and wagesPrograms $175,634$175,634
IX-10 Payroll taxesPrograms $13,916$13,916
IX-24 Other expenses (24a–d)Programs $205,887$205,887
IX-25 Total functional expensesPrograms $395,437 · Management $0 · Fundraising $0$395,437
Part X · Balance sheet $106,573 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $125,269$106,573
X-16 Total assetsStart of year $125,269$106,573
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $125,269$106,573
X-32 Total net assets or fund balancesStart of year $125,269$106,573
X-33 Total liabilities and net assetsStart of year $125,269$106,573
Part XI · Reconciliation of net assets $106,573 net assets at year end
XI-1 Total revenue$376,741
XI-2 Total expenses$395,437
XI-3 Revenue less expenses−$18,696
XI-4 Net assets at start of year$125,269
XI-10 Net assets at end of year$106,573

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

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