Poseidon Swimming Foundation in Richmond, Virginia (VA)
Table of contents:
| Poseidon Swimming Foundation | |
| Employer Identification Number (EIN) | 030433169 |
| Name of Organization | Poseidon Swimming Foundation |
| In Care of Name | andrew ferguson |
| Address | 5050 Ridgedale Parkway, Richmond, VA 23234 |
| Subsection | Educational Organization |
| Ruling Date | 09/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Tax Period | 2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $2,789,384 |
| Amount of Income | $1,236,059 |
| Form 990 Revenue Amount | $-770,029 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2014: $1,236,059 (it was $-770,029 in 2011)
| This organization: | $1,236,059 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2014: $2,789,384 (it was $2,789,384 in 2011)
| This organization: | $2,789,384 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2011: $1,124,299
| This organization: | $1,124,299 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2011: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2011: -13.7%
| Poseidon Swimming Foundation: | -13.7% |
| Other organizations performing similar types of work: | 78.3% |
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $-770,029 |
| Contributions, Gifts, Grants and Other Similar Amounts | $105,719 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $0 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net loss from sales of assets other than inventory | $-875,873 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $6,215 / $1,124,000 |
| Less: cost or other basis and sales expenses (Securities / Other) | $5,922 / $2,000,166 |
| Gain or (loss) (Securities / Other) | $293 / $-876,166 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $125 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $1,124,299 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $1,124,299 |
| Balance Sheet (for 2011) | |
| Total assets | $2,789,384 |
| Total liabilities | $1,961,963 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $1,961,963 |
| Total net assets or fund balances | $827,421 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total Support | $2,587,484 |
| Gifts, grants, contributions, and membership fees received | $2,587,083 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $401 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | University Swim Club | Po Box 10442, Knoxville, TN 37939-0442 | TN | 2007-02 | $43,203 |
| 2 | Seva Seahawks Booster Club | PO BOX 1781, Yorktown, VA 23692-1781 | VA | 1995-03 | $2,663,053 |
| 3 | Fish Swimteam Inc | 13404 Birch Bark Ct, Fairfax, VA 22033-1107 | VA | 2010-07 | $859,192 |
| 4 | Stafford Aquatics Team Inc | PO BOX 836, Stafford, VA 22555-0836 | VA | 2007-11 | $323,233 |
| 5 | Virginia Scholastic Rowing Association | PO BOX 23042, Alexandria, VA 22304-9304 | VA | 2001-04 | $241,162 |
| 6 | Winchester Swim Team Inc | PO BOX 3157, Winchester, VA 22604-2357 | VA | 2011-09 | $192,214 |
| 7 | Tsunami Swimming | 365 Belle Plains Rd, Fredericksbrg, VA 22405-3435 | VA | 2001-11 | $169,428 |
| 8 | Chesapeake Experience Inc | 103 Industry Drive, Yorktown, VA 23693 | VA | 2007-07 | $156,212 |
| 9 | South County Secondary School Crew Boosters Inc, South County Crew Club | PO BOX 1581, Lorton, VA 22199-1581 | VA | 2006-06 | $121,426 |
| 10 | Ball Under Water Polo Inc | 2325 North Edgewood Street, Arlington, VA 22201 | VA | 2013-02 | $117,573 |
| 11 | River City Crew Inc | 556 Ice House Ct, Manakin Sabot, VA 23103-3163 | VA | 2010-07 | $117,087 |
| 12 | Running Man Recreation Association Inc | PO BOX 2292, Poquoson, VA 23662-0292 | VA | 1999-11 | $100,890 |
| 13 | Broadlands Swim Team Parents Organization | 21907 Claiborne Pkwy, Broadlands, VA 20148-4535 | VA | 2006-05 | $98,344 |
| 14 | First Colonial Crew Club Auxiliary Inc | 2516 Sanderson Ln, Virginia Bch, VA 23456-3580 | VA | 2008-07 | $89,284 |
| 15 | Braemar Blasters Swim Team | 12841 Braemar Village Plaza Ste 13, Bristow, VA 20136-5502 | VA | 2012-02 | $82,726 |
| 16 | Rappahannock Raiders | PO BOX 173, Dahlgren, VA 22448-0173 | VA | 2010-10 | $77,811 |
| 17 | Patriots For Disabled Divers | 305 Mill Street B-1, Occoquan, VA 22125 | VA | 2014-03 | $74,308 |
| 18 | Chesterfield Aquatic League Inc | 11913 Longfellow Dr, Midlothian, VA 23112 | VA | 2012-06 | $65,600 |
| 19 | Mobjack Rowing Association Inc | Po Box 14, Ware Neck, VA 23178 | VA | 2000-10 | $63,546 |
| 20 | Greater Richmond Aquatic League | 4020 College Valley Ct, Richmond, VA 23233-7674 | VA | 2014-08 | $57,005 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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