Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
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
4 people listed on the 990; $90K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Thomas Thorum | $92,000 | $79,000 | $75,000 | $68,625 | $61,400 |
| Shawn Q Stringham | $20,000 | $20,000 | $22,130 | $21,325 | $6,667 |
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 15aYes
Programs and updates
Promotes youth and adult swimming, water polo, and fitness activities for over 300 athletes.
Questions for Olympus Aquatics
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Water Polo
In 2021 Olympus Aquatics Water Polo continued to thrive as they ushered in the return to in person activities. Olympus water polo hosted teams from across the United States in multiple tournaments and continued to set the standard for COVID safety.
Competitive Swimming
In 2021, Olympus Aquatics showed sound management as its programs continued to thrive and grow towards the end of the critical phase of the pandemic. Its programs fed swimmers into the Olympus High School and Skyline High School which largely led to their 1st and 2nd place showings at the 5A State Championship.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $9K | $23K |
| Total assetsLn 16 | $9K | $23K |
| LiabilitiesLn 26 | $28K | $28K |
| Net assetsLn 32 | −$19K | −$5K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $90K | $90K | ||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $66K | $66K | ||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $12K | $12K | ||
| Advertising and promotionLn 12 | $720 | $720 | ||
| Office expensesLn 13 | $2K | $2K | ||
| Information technologyLn 14 | $14K | $14K | ||
| OccupancyLn 16 | $145K | $145K | ||
| TravelLn 17 | $35K | $35K | ||
| InterestLn 20 | $2K | $2K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $294K | $294K | $0 | $0 |
| All other expensesLn 24e | $50K | $50K | ||
| Total functional expensesLn 25 | $717K | $717K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $674K | $672K | $2K | $83K | 990 PDF |
| FY2023 | $573K | $551K | $22K | $81K | 990 PDF |
| FY2022 | $604K | $540K | $64K | $59K | 990 PDF |
| FY2021 Viewing | $731K | $717K | $14K | −$5K | 990 PDF |
| FY2020 | $406K | $437K | −$31K | −$19K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $731,235 revenue, 12 lines filed
Part VI · Governance 2 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $731,235 across 10 lines filed
Part IX · Statement of functional expenses $717,306 across 19 lines filed
Part X · Balance sheet $22,936 assets, 6 lines filed
Part XI · Reconciliation of net assets −$5,096 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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