Corvallis Aquatic Team FY2022 filing

Tax-deductible

Corvallis, OR501(c)(3)Since 1980Recreation & SportsEIN 93-0748812Revenue $510K in FY2022

On file with the IRScorvallisaquaticteam.org1940 Nw Highland Dr, 97330-2025 · Corvallis, ORTax-exempt since Mar 1985Publicly supported — 509(a)(2)

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Mission: Providing a lifetime of fitness through the sport of swimming. Vision: Empower swimmers to achieve health, wellness, and individual success through the sport of swimming. CAT will foster community partnerships, expand membership, and continue to provide coaching excellence. CAT will provide a safe and inclusive environment for swimmers of all backgrounds and abilities.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$153K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
4 of 6
filings with a surplus
Average surplus $12K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$153K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$84K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$510K
+37% vs prior year
Spent
$506K
To programs
77%
Net assets
$176K
By yearFY2020–FY2025
Revenue
$510K
FY2022▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$372K
FY2022$510K
FY2023$550K
FY2024$592K
FY2025$471K
Expenses
$506K
FY2022▲ +67%
Tap a bar for its year
Expenses by fiscal year
FY2020$264K
FY2021$303K
FY2022$506K
FY2023$518K
FY2024$580K
FY2025$484K
Net assets
$176K
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$101K
FY2021$171K
FY2022$176K
FY2023$208K
FY2024$220K
FY2025$207K

From the FY2022 Form 990 (year ending August 2022) · see the original

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You’re viewing the FY2022 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 Mar 1985.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $392K Management & general 21% · $106K Fundraising 2% · $8K

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

17 people listed on the 990; $153K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head Coach
$91,288Pt VII · Sec A
Head Age Group Coach
$42,353Pt VII · Sec A
Bookkeeper/Registrar
$19,583Pt VII · Sec A
President
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Rick Guenther’s $85K as Head Coach is at the 87th 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rick Guenther$84,740$94,240$98,740$91,288$70,405$70,560
Brandon Shreeve$50,080$61,620$61,620$42,353$17,182—
Chloe Knievel-Priewe——$40,012———
Greg Bostrom—————$35,863
Kristin Nason———$19,583——
Rhonda Soule————$15,000$15,000

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 Corvallis Aquatic Team 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 15aYes

Programs and updates

Trains athletes of all ages and abilities in competitive swimming year-round.

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Provided by the organization

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1 program · $392K · in their own filed words · FY2021
01

Corvallis Aquatic Team provided year-round instruction and competitive swimming opportunities for approximately 180 youth swimmers and 50 masters swimmers.

$392Kprogram 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
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$510K
Ln 12
Fees for servicesLn 2g$417K
Gifts and grantsLn 1h$100K
Investment incomeLn 3−$6K
Money outPt IX
$506K
Ln 25
Programscol B$392K
Managementcol C$106K
Fundraisingcol D$8K
Owns and owesPt X
$176K
net assets · Ln 32
Cash and savingsLn 1–2$236K
Total assetsLn 16$259K
LiabilitiesLn 26$84K
PeoplePt VI, VII
17
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$52K
Fees for servicesLn 2g$417K
Investment incomeLn 3−$6K
Total revenueLn 12$510K
Assets in detailPt X, end of year
CashLn 1$97K
SavingsLn 2$138K
Cash and savings togetherLn 1–2$236K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$259K
LiabilitiesLn 26$84K
Net assetsLn 32$176K
OperationsPt I, VI
EmployeesI 513
VolunteersI 675
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$223K$236K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$235K$259K
LiabilitiesLn 26$64K$84K
Net assetsLn 32$171K$176K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$259K$259K
Pay of current officers, directors and key staffLn 5$162K$72K$91K
Pay of disqualified personsLn 6$0$0$0
Other salaries and wagesLn 7$44K$43K$700
Pension plan contributionsLn 8$2K$1K$1K
Payroll taxesLn 10$17K$9K$7K
Advertising and promotionLn 12$289$289
Office expensesLn 13$2K$1K$1K
Information technologyLn 14$4K$2K$2K
InsuranceLn 23$2K$1K$1K
Other expenses (24a–d)Ln 24$10K$159$1K$8K
Total functional expensesLn 25$506K$392K$106K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $471K$484K−$13K$207K 990 PDF
FY2024 $592K$580K$12K$220K 990 PDF
FY2023 $550K$518K$33K$208K 990 PDF
FY2022 Viewing $510K$506K$5K$176K 990 PDF
FY2021 $372K$303K$70K$171K 990 PDF
FY2020 $232K$264K−$33K$101K 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 FY2022 990 (6 parts)
Part I · Summary $510,404 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $121,432$99,677
I-9 Program service revenuePrior year $239,408$416,981
I-10 Investment incomePrior year $11,636−$6,254
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $372,476$510,404
I-13 Grants and similar amounts paidPrior year $0$3,000
I-14 Benefits paid to membersPrior year $84,498$258,528
I-15 Salaries and benefitsPrior year $201,578$225,069
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,770$19,038
I-18 Total expensesPrior year $302,846$505,635
I-19 Revenue less expensesPrior year $69,630$4,769
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $510,404 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$52,353
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$47,324
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$99,677
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $416,981 · Unrelated business $0 · Excluded from tax $0$416,981
VIII-3 Investment incomeRelated to mission −$6,254 · Unrelated business $0 · Excluded from tax $0−$6,254
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $410,727 · Unrelated business $0 · Excluded from tax $0$510,404
Part IX · Statement of functional expenses $505,635 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $3,000$3,000
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $258,528$258,528
IX-5 Pay of current officers, directors and key staffPrograms $71,950 · Management $90,550$162,500
IX-6 Pay of disqualified personsPrograms $0 · Management $0$0
IX-7 Other salaries and wagesPrograms $42,826 · Management $700$43,526
IX-8 Pension plan contributionsPrograms $1,200 · Management $1,200$2,400
IX-10 Payroll taxesPrograms $9,272 · Management $7,371$16,643
IX-12 Advertising and promotionPrograms $289$289
IX-13 Office expensesPrograms $1,033 · Management $1,033$2,066
IX-14 Information technologyPrograms $2,245 · Management $2,245$4,490
IX-23 InsurancePrograms $1,227 · Management $1,227$2,454
IX-24 Other expenses (24a–d)Programs $159 · Management $1,401 · Fundraising $8,179$9,739
IX-25 Total functional expensesPrograms $391,729 · Management $105,727 · Fundraising $8,179$505,635
Part X · Balance sheet $259,489 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $82,550$97,199
X-2 Savings and temporary cash investmentsStart of year $140,491$138,497
X-4 Accounts receivableStart of year $7,827$19,202
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $4,309$4,591
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $235,177$259,489
X-17 Accounts payable and accrued expensesStart of year $63,712$83,863
X-19 Deferred revenueStart of year $608$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $64,320$83,863
X-27 Net assets without donor restrictionsStart of year $26,120$21,821
X-28 Net assets with donor restrictionsStart of year $144,737$153,805
X-32 Total net assets or fund balancesStart of year $170,857$175,626
X-33 Total liabilities and net assetsStart of year $235,177$259,489
Part XI · Reconciliation of net assets $175,626 net assets at year end
XI-1 Total revenue$510,404
XI-2 Total expenses$505,635
XI-3 Revenue less expenses$4,769
XI-4 Net assets at start of year$170,857
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$175,626

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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