Peachtree Aquatics INC: Nonprofit Profile, Financials & Form 990 (EIN 88-4295565)

Revenue by fiscal year
FY2023	$411K
FY2024	$735K

Expenses by fiscal year
FY2023	$413K
FY2024	$779K

Net assets by fiscal year
FY2023	$3K
FY2024	−$45K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2023.

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

Where the money goes

45 cents of each dollar spent went to programs.

45%

55%

Program services 45% · $353K Management & general 55% · $425K

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

3 people listed on the 990; $279K paid to officers and key staff.

Part VII, Section A · reportable compensation

Michael Wardwell

President

$204,884Pt VII · Sec A

Courtney Wardwell

Secretary

$48,500Pt VII · Sec A

Denise Sturman

Treasurer

$25,500Pt VII · Sec A

Michael Wardwell’s $205K as President is at the 100th 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.

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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 15aYes
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Advance the sport of swimming through a dedicated center.

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Provided by the organization

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1 program · $358K · in their own filed words · FY2024

01

Swim Meet Hosting

$358Kprogram 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 · FY2024

Fidelity Investments Charitable Gift FundFY2024$152K

Total grants receivedfrom 1 funder$152K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$735K

Ln 12

Fees for servicesLn 2g$580K

Gifts and grantsLn 1h$155K

Money outPt IX

$779K

Ln 25

Programscol B$353K

Managementcol C$425K

Owns and owesPt X

−$45K

net assets · Ln 32

Cash and savingsLn 1–2$8K

Total assetsLn 16$21K

LiabilitiesLn 26$66K

PeoplePt VI, VII

3

listed · VII A

PaidVII A3

Voting boardVI 1a3

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$155K

Fees for servicesLn 2g$580K

Total revenueLn 12$735K

Assets in detailPt X, end of year

CashLn 1$8K

Cash and savings togetherLn 1–2$8K

Land, buildings, equipmentLn 10c$14K

Total assetsLn 16$21K

LiabilitiesLn 26$66K

Net assetsLn 32−$45K

OperationsPt I, VI

EmployeesI 50

VolunteersI 630

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$8K	$8K
Land, buildings, equipmentLn 10c	$14K	$14K
Total assetsLn 16	$22K	$21K
LiabilitiesLn 26	$23K	$66K
Net assetsLn 32	−$1K	−$45K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$279K	$74K	$205K
Other salaries and wagesLn 7	$97K	$97K
Other employee benefitsLn 9	$28K	$28K
Payroll taxesLn 10	$26K	$13K	$13K
Legal feesLn 11b	$1K		$1K
Accounting feesLn 11c	$7K		$7K
Other fees for servicesLn 11g	$8K	$875	$7K
Advertising and promotionLn 12	$2K		$2K
Office expensesLn 13	$5K	$78	$5K
Information technologyLn 14	$7K		$7K
OccupancyLn 16	$35K	$35K
TravelLn 17	$34K	$34K
InterestLn 20	$4K		$4K
Depreciation, depletion and amortizationLn 22	$7K	$4K	$3K
InsuranceLn 23	$16K	$3K	$13K
Other expenses (24a–d)Ln 24	$183K	$32K	$151K
All other expensesLn 24e	$38K	$31K	$7K
Total functional expensesLn 25	$779K	$353K	$425K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$735K	$779K	−$43K	−$45K	990 PDF
FY2023	$411K	$413K	−$1K	$3K	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 FY2024 990 (6 parts)

Part I · Summary $735,134 revenue, 12 lines filed

I-8 Contributions and grants$154,871

I-9 Program service revenuePrior year $411,480$580,263

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $411,480$735,134

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $258,646$430,276

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $154,271$348,256

I-18 Total expensesPrior year $412,917$778,532

I-19 Revenue less expensesPrior year −$1,437−$43,398

Part VI · Governance 0 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $735,134 across 5 lines filed

VIII-1f All other contributions, gifts and grants$150,000

VIII-1h Total contributions, gifts and grants$154,871

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $580,263$580,263

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $580,263 · Unrelated business $0 · Excluded from tax $0$735,134

Part IX · Statement of functional expenses $778,532 across 17 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $74,000 · Management $204,884$278,884

IX-7 Other salaries and wagesPrograms $97,186$97,186

IX-9 Other employee benefitsPrograms $27,760$27,760

IX-10 Payroll taxesPrograms $13,096 · Management $13,350$26,446

IX-11b Legal feesManagement $1,062$1,062

IX-11c Accounting feesManagement $7,134$7,134

IX-11g Other fees for servicesPrograms $875 · Management $7,399$8,274

IX-12 Advertising and promotionManagement $1,702$1,702

IX-13 Office expensesPrograms $78 · Management $4,844$4,922

IX-14 Information technologyManagement $6,869$6,869

IX-16 OccupancyPrograms $35,134$35,134

IX-17 TravelPrograms $34,419$34,419

IX-20 InterestManagement $4,139$4,139

IX-22 Depreciation, depletion and amortizationPrograms $4,168 · Management $2,526$6,694

IX-23 InsurancePrograms $2,858 · Management $13,284$16,142

IX-24 Other expenses (24a–d)Programs $32,185 · Management $151,121$183,306

IX-24e All other expensesPrograms $31,460 · Management $6,999$38,459

IX-25 Total functional expensesPrograms $353,219 · Management $425,313 · Fundraising $0$778,532

Part X · Balance sheet $21,434 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $7,575$7,904

X-10c Land, buildings and equipment, netStart of year $14,367$13,530

X-16 Total assetsStart of year $21,942$21,434

X-17 Accounts payable and accrued expensesStart of year $21,513$42,075

X-26 Total liabilitiesStart of year $23,379$66,269

X-27 Net assets without donor restrictionsStart of year −$1,437−$44,835

X-32 Total net assets or fund balancesStart of year −$1,437−$44,835

X-33 Total liabilities and net assetsStart of year $21,942$21,434

Part XI · Reconciliation of net assets −$44,835 net assets at year end

XI-1 Total revenue$735,134

XI-2 Total expenses$778,532

XI-3 Revenue less expenses−$43,398

XI-4 Net assets at start of year−$1,437

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$44,835

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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