Nonprofit · EIN 41-1674019
SOUTH METRO STORM SWIM CLUB
Tax-exempt · LAKEVILLE, MN 55044
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $894,892 | $733,265 | $161,627 | $317,933 | -$139,437 | $457,370 |
| December 31, 2023 | 990 | $841,488 | $780,179 | $61,309 | $285,320 | -$6,202 | $291,522 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $894,892
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $226,465
- Other salaries and wages
- $144,301
- Salaries, compensation and benefits (total)
- $370,766
- Professional fundraising fees
- $0
- Occupancy
- $156,445
- Travel
- $37,380
Balance sheet and other
- Total assets, start of year
- $285,320
- Total assets, end of year
- $317,933
- Total liabilities, end of year
- -$139,437
- Net assets, end of year
- $457,370
- Net assets without donor restrictions
- $457,370
- Gross receipts
- $894,892
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Phillip Smith | President & Secretary Officer | 40 | $113,340 |
| Charles Smith | Vice President & Treasurer Trustee or director, Officer | 40 | $113,125 |
| Rick Ringeisen | Board Member Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Smith | Vice President & Treasurer Trustee or director, Officer | 40 | $110,750 |
| Phillip Smith | President & Secretary Officer | 40 | $109,264 |
| Rick Ringeisen | Board Member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 19754 HOLLOWAY LN, LAKEVILLE, MN 55044-1517
- In care of
- % CHARLES SMITH
- Principal officer (990 for 2024)
- Phillip Smith, 3745 Harriet Ave S, Number 204, Minneapolis, MN 55409
- Signed the 990
- Charles Smith, Vice President & Treasurer
- Phone
- (612) 239-4547
- Website
- www.mnstorm.org
- Return prepared by
- Not Applicable
Mission
To provide recreation and education of swimming to its membership
Program accomplishments
- Instruction, coaching and training for more than 700 amateur swimmers in Prior Lake, MN, Lakeville, MN and surrounding communities
- Sponsor participation in amateur swimming events and provide the opportunity to participate in events at various skill levels. These programs serve an estimated 800-1100 children per year.
- Storm Chasers learn to swim program is aimed at younger and non-competitive swimmers. The Swim American Curriculum is utilized and there are 3 coaches trained to lead the offering. Instructors are a blend of traditional coaches that are already employed at South Metro Storm Swim Club and high school age swimmers that are part of the club. An estimated 200 swimmers utilize this program.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1674019
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $317,933
- Income (IRS master file)
- $894,892
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $894,892 | $733,265 | $317,933 | IRS |
| 990 | December 2023 | $841,488 | $780,179 | $285,320 | XML |
| 990 | December 2022 | $738,939 | $658,678 | $230,213 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1674019).
Questions about SOUTH METRO STORM SWIM CLUB
- What is the EIN of SOUTH METRO STORM SWIM CLUB?
- The employer identification number (EIN) of SOUTH METRO STORM SWIM CLUB is 41-1674019.
- Is SOUTH METRO STORM SWIM CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2000.
- Are donations to SOUTH METRO STORM SWIM CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTH METRO STORM SWIM CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTH METRO STORM SWIM CLUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTH METRO STORM SWIM CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTH METRO STORM SWIM CLUB?
- The 990 for the year ended December 31, 2024 names Phillip Smith.
- Who are the officers and directors of SOUTH METRO STORM SWIM CLUB?
- The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $113,340 (Phillip Smith, President & Secretary).
- How much revenue does SOUTH METRO STORM SWIM CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $894,892, expenses of $733,265 and total assets of $317,933 at year end.
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