2026-06-15T12:42:35-05:00 2025-08-31 561965804 THOMAS JUDY & TUCKER PA 4700 FALLS OF NEUSE ROAD STE 400 RALEIGH NC 27609 990 2024-09-01 300050977 MARLINS OF RALEIGH INC MARL 9198513000 4904 WATERS EDGE DRIVE 295 RALEIGH NC 27606 PAUL SILVER PRESIDENT, EXECUTIVE DIRECTOR 9198513000 2026-06-15 1 0 JESSIE BLALOCK CPA P01329693 9195717055 2026-06-01 2024 2025-03-06 01:10:19Z PAUL SILVER 4904 WATERS EDGE DRIVE 295 RALEIGH NC 27606 2789525 0 X WWW.MARLINSOFRALEIGH.COM X 2001 NC DEVELOPING CHAMPION ATHLETES AND CITIZENS THROUGH COMMITMENT TO EXCELLENCE IN SWIMMING. 4 2 62 270 0 0 9902 196135 2218142 2243233 10479 15685 253579 225194 2492102 2680247 4629 0 0 0 855664 891078 0 0 0 1586605 1501826 2446898 2392904 45204 287343 864562 1111284 261987 221366 602575 889918 THE MARLINS OF RALEIGH OFFERS TRAINING AND PRACTICE GROUPS FOR SWIMMERS OF ALL AGES AND ABILITY LEVELS. IT IS OUR GOAL TO OFFER AGE SPECIFIC TRAINING FOR ALL OF OUR ATHLETES GEARED TOWARD CHALLENGING AND DEVELOPING EACH INDIVIDUAL TO THE BEST OF THEIR ABILITY. 0 0 1959375 2258039 OUR YEAR-ROUND COMPETITIVE PROGRAM HAS APPROXIMATELY 538 SWIMMERS WITH APPROXIMATELY 395 PARTICIPATING IN SWIM MEETS. 1959375 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 62 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X JOHANNA WESTLAKE 9198513000 4904 WATERS EDGE DRIVE 295 RALEIGH NC 27606 PAUL J SILVER PRESIDENT, EXECUTIVE DIR. 40.00 X X 98556 0 2939 CAROLINE SILVER SECRETARY 4.00 X X 0 0 0 JESSIE BLALOCK TREASURER 2.00 X X 0 0 0 MATTHEW SCHADE VICE PRESIDENT 2.00 X X 0 0 0 98556 0 2939 0 0 0 0 0 X 196135 196135 SWIM DUES 900099 1510244 1510244 REGISTRATION INCOME 900099 710902 710902 WEIGHT TRAINING 900099 22087 22087 2243233 15685 15685 249700 39312 210388 210388 2561 69966 -67405 -67405 MISCELLANEOUS INCOME 900099 82211 82211 82211 2680247 2258039 0 226073 104934 83947 20987 686160 548928 137232 7930 6344 1586 32143 25714 6429 59911 47929 11982 20660 20660 3000 3000 165 165 6498 6498 77738 21720 56018 7243 7243 54808 54808 20797 20797 3096 3096 38799 38799 49085 19634 29451 POOL RENT 455088 455088 SWIM MEET EXPENSE 386630 386630 SILVERTON EXPENSES 249204 199363 49841 PUBLIC RELATIONS 46186 36949 9237 82829 61035 21794 2392904 1959375 433529 0 109057 157006 348687 475956 101531 211835 479345 255410 255892 223935 49395 42552 864562 1111284 140529 128169 100380 63036 21078 30161 261987 221366 X 0 0 0 0 602575 889918 602575 889918 864562 1111284 287343 0 X 0 0 0 X 1374352 1423627 1477831 1485618 1706379 7467807 763066 912866 897878 1039295 985250 4598355 2137418 2336493 2375709 2524913 2691629 12066162 0 0 0 12066162 1429 1738 3866 10479 15685 33197 1429 1738 3866 10479 15685 33197 27387 41338 36512 90881 82211 278329 2166234 2379569 2416087 2626273 2789525 12377688 0.97480 0.97890 0.00270 0.00180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 479345 255410 223935 223935 PAYROLL LIABILITIES 17948 CREDIT CARDS 12213 30161 CONCESSIONS 108687 108687 7672 SWIM-A-THON 99389 99389 17330 5 41624 41624 14310 249700 249700 39312 39312 210388 JONATHAN WATSON BROTHER AND BROTHER-IN-LAW RELATIONSHIP WITH BOARD MEMBERS 8177 PAYROLL 0 PAUL SILVER EXECUTIVE DIRECTOR HAS OWNERSHIP IN H20 VENTURES, LLC 137370 POOL LEASE 1 PART IV PAUL SILVER, THE EXECUTIVE DIRECTOR OF THE ORGANIZATION, IS ALSO PART OWNER IN H20 VENTURES, LLC, A TAXABLE ENTITY THAT PURCHASED A LOCAL POOL. THE ORGANIZATION RENTS THE POOL FROM THE LLC FOR ITS MEMBERS TO PRACTICE. THERE IS A SIGNED LEASE AGREEMENT BETWEEN THE 2 ENTITIES. FORM 990, PART VI, SECTION A, LINE 2 PAUL SILVER AND CAROLINE SILVER ARE HUSBAND AND WIFE WHO EACH SERVE ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL REVIEW THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE COMMITTEE. THE COMMITTEE SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO MARLINS OF RALEIGH. THE DECISION OF THE COMMITTEE ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF MARLINS OF RALEIGH AND THE ADVANCEMENT OF ITS PURPOSE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES NATIONAL SURVEY DATA TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FORM 990, PART VIII, LINE 1E GOVERNMENT GRANTS DURING THE YEAR ENDED JUNE 30, 2025, MARLINS OF RALEIGH RECOGNIZED EMPLOYEE RETENTION CREDIT (ERC) TOTALING $196,135.35 UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT AND SUBSEQUENT LEGISLATION. THE ERC REPRESENTS A REFUNDABLE PAYROLL TAX CREDIT INTENDED TO SUPPORT EMPLOYERS THAT RETAINED EMPLOYEES DURING THE COVID-19 PANDEMIC. THE ORGANIZATION RECORDED ERC AMOUNTS OF $95,246.40 AND $100,888.95 ON JUNE 30, 2025. THESE AMOUNTS HAVE BEEN RECOGNIZED AS GOVERNMENT GRANT REVENUE AND ARE INCLUDED IN PART VIII, LINE 1E OF FORM 990. MANAGEMENT EVALUATED ELIGIBILITY FOR THE ERC IN ACCORDANCE WITH APPLICABLE PROGRAM RULES. THE AMOUNTS RECOGNIZED ARE SUBJECT TO POTENTIAL REVIEW BY THE INTERNAL REVENUE SERVICE.