2024-11-12T08:07:39-06:00 2023-12-31 620788068 PURYEAR & NOONAN CPAS 40 BURTON HILLS BLVD STE 170 NASHVILLE TN 37215 990 2023-01-01 620678884 NASHVILLE AQUATIC CLUB INC NASH 6153213510 PO BOX 128318 NASHVILLE TN 37212 WILLIAM J MORSE VP/HEAD COACH 6153213510 2024-11-04 1 1 SUSAN KEFFER CPA P00369288 6152960500 2024-11-04 2023 2024-10-15 13:58:12Z WILLIAM J MORSE PO BOX 128318 NASHVILLE TN 37212 1451148 0 X WWW.SWIMNAC.COM X 1980 TN THE CORPORATION IS ORGANIZED FOR THE PURPOSE OF ENCOURAGING AND ASSISTING SWIMMERS IN THE PROPER TRAINING AND INSTRUCTION IN AQUATIC SPORTS FOR PARTICIPATION IN AMATEUR SPORTS COMPETITION. 6 6 54 300 0 0 27596 19138 1427207 1424663 425 7347 0 0 1455228 1451148 0 0 0 0 917949 968961 0 0 2405 476511 504691 1394460 1473652 60768 -22504 1024984 825894 329948 236212 695036 589682 THE CORPORATION IS ORGANIZED FOR THE PURPOSE OF ENCOURAGING AND ASSISTING SWIMMERS IN THE PROPER TRAINING AND INSTRUCTION IN AQUATIC SPORTS FOR PARTICIPATION IN AMATEUR SPORTS COMPETITION. 0 0 1220858 1092335 THE ORGANIZATION PROVIDED INSTRUCTION FOR OVER 250 AMATEUR SWIMMERS OF VARIOUS AGES AND ABILITIES. 93393 332328 THE ORGANIZATION COMPETED IN VARIOUS COMPETITIONS AT THE LOCAL, REGIONAL, AND NATIONAL LEVEL. THE COMPANY WAS RANKED AS ONE OF THE TOP CLUBS IN THE COUNTRY BY USA SWIMMING. 1314251 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 54 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 TN X ASHLEY BLACKBURN 6153213510 PO BOX 128318 NASHVILLE TN 37212 WILLIAM J MORSE VP/HEAD COACH 60.00 X X 227117 0 5000 LAURA TURNER PRESIDENT 10.00 X X 0 0 0 ALLEN ARENDER DIRECTOR 10.00 X 0 0 0 JAY FRIEN DIRECTOR 10.00 X 0 0 0 LARRY HAYES DIRECTOR 10.00 X 0 0 0 KEVIN HOLST DIRECTOR 10.00 X 0 0 0 ASHLEY BLACKBURN ADMIN. DIRECTOR 40.00 X 45600 0 1197 FRANKLIN D WHARAM JR ASSISTANT HEAD COACH 40.00 X 126804 0 3804 399521 0 10001 2 0 1 0 0 19138 19138 TRAINING FEES 711210 839900 839900 SWIM MEETS 711210 332328 332328 MASTERS & TRI 711210 166381 166381 OTHER INCOME 711210 71416 71416 SPONSORSHIPS 711210 14638 14638 1424663 7347 7347 1451148 1424663 0 7347 272717 239557 33160 617546 542458 75088 17379 15266 2113 61319 53863 7456 18418 18418 2994 2844 150 201096 201096 52060 52060 519 519 11343 6806 4537 SWIM MEETS 93393 93393 0 0 REGISTRATION EXPENSE 59963 59963 0 0 ATHLETE SERVICES AND GE 23747 23747 0 0 DUES & SUBSCRIPTIONS 11973 0 11973 0 29185 22679 4101 2405 1473652 1314251 156996 2405 830144 634457 45698 44722 18134 31074 24155 17761 6913 6394 124095 109247 1024984 825894 61012 40985 103421 60827 165515 134400 329948 236212 X 695036 589682 695036 589682 1024984 825894 X -22504 -82850 X 0 1 X 1 0 X 29734 37462 46774 27596 19138 160704 1258057 1033353 1234965 1427207 1424663 6378245 1287791 1070815 1281739 1454803 1443801 6538949 0 0 0 6538949 3079 191 103 425 7347 11145 3079 191 103 425 7347 11145 1290870 1071006 1281842 1455228 1451148 6550094 0.99830 0.99920 0.00170 0.00080 X 23740 17346 6394 415 415 0 6394 PEARL COHN AGENCY 86847 OPERATING LEASE RIGHT-OF-USE ASSET 22400 109247 PEARL COHN AGENCY 86847 PAYROLL LIABILITIES 21470 OPERATING LEASE LIABILITY, CURRENT PORTION 22400 OTHER CURRENT LIABILITIES 3683 134400 X 1451148 0 1451148 0 1451148 1473652 0 1473652 0 1473652 PART X, LINE 2: WE ARE A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ARE CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR FEDERAL INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. WE DO NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS. 0 0 0 0 0 0 0 0 0 WILLIAM J MORSE VP/HEAD COACH 227117 0 0 0 0 0 5000 0 0 0 232117 0 0 0 FRANKLIN D WHARAM JR ASSISTANT HEAD COACH 126804 0 0 0 0 0 3804 0 0 0 130608 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBERSHIP ORGANIZATION. PARTICIPANTS ENROLLED IN THE PROGRAM ARE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 A COPY OF FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS VIA EMAIL. THE BOARD MEMBERS REVIEWED AND ACCEPTED FORM 990 FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALL SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY (B) HAS READ AND UNDERSTANDS THE POLICY (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS OF SUCH POLICIES SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND THE RESULT OF ARM'S LENGTH BARGAINING. (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE CORPORATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE GOVERNING BODY DETERMINED COMPENSATION OF THE ORGANIZATION'S TOP OFFICIAL THROUGH INDEPENDENT ANALYSIS AND COMPARABILITY TO LIKE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON IMPAIRMENT -82,850.