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Nonprofit · EIN 46-4112757

KLEIN SWIM ACADEMY INC

Tax-exempt · SARASOTA, FL 34231

Financials

$550K$593K2024
Revenue Expenses · by fiscal year end
Financials of KLEIN SWIM ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$550,395$593,190-$42,795$26,829$6,477$20,352
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$550,315
Investment income
$80
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$150,700
Other salaries and wages
$162,878
Salaries, compensation and benefits (total)
$313,578
Professional fundraising fees
$0
Legal fees
$600
Accounting fees
$5,307
Occupancy
$53,595
Travel
$1,080
Program services (functional)
$521,701
Management and general (functional)
$71,489

Balance sheet and other

Total assets, start of year
$78,190
Total assets, end of year
$26,829
Total liabilities, end of year
$6,477
Net assets, end of year
$20,352
Net assets without donor restrictions
$20,352
Gross receipts
$550,395
Employees
0
Volunteers
440
Year formed
2013
State of legal domicile
FL

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.

NameTitleHours / weekCompensation
IRA KLEINPRESIDENT
Trustee or director, Officer
40$85,500
LISA REPASSYDIRECTOR
Trustee or director
25$47,200
CYNTHIA KLEINTREASURER
Trustee or director, Officer
25$18,000
CHARLES WARNERDIRECTOR
Trustee or director
1$0
JULIE SANTIAGODIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
5123 KESTRAL PARK PL, SARASOTA, FL 34231-3237
In care of
% IRA KLEIN
Principal officer (990 for 2024)
IRA KLEIN, 5123 KESTRAL PARK PLACE, SARASOTA, FL 34231
Signed the 990
IRA KLEIN, PRESIDENT
Phone
(941) 928-7946
Return prepared by
KERKERING BARBERIO & CO

Mission

OUR MISSION AT THE SARASOTA SWIM ACADEMY IS TO HELP OUR COMMUNITY'S CHILDREN GROW INTO HAPPY, HEALTHY, RESPONSIBLE ADULTS BY INSTILLING CONFIDENCE AND BUILDING POSITIVE LEARNING ATTITUDES FOR LIFE THROUGH THE SPORT OF SWIMMING.

990 for the year ended December 31, 2024

Program accomplishments

  • BABY & METHIS IS A PRE-SWIMMING CLASS WITH PARENT PARTICIPATION PARENT AND CHILD (NEWBORNS 10 WEEK - TODDLERS 36 MONTHS)WORK TOGETHER WITH THE COACHES TO LEARN SKILLS INCLUDING BACK FLOATS, SUBMERSIONS (NOT FORCED) & ROLLOVER BREATHING, WITH INTRODUCTION TO STROKES, THROUGH FUN POSITIVE REINFORCEMENT, CUES & LOTS OF HUGS AND KISSES, FAMILY ENVIRONMENT WITH EXPERT INSTRUCTION. LEARN THE IMPORTANCE OF "BREATH, BALANCE & BUOYANCY"STROKE TEAM IS A YEAR ROUND CONTINUATION OF OUR LEARN TO SWIM PROGRAM & INTRODUCTION TO THE TSUNAMI SWIM TEAM. STROKE TEAM IS DESIGNED TO DEVELOP YOUR CHILD'S SWIMMING ENDURANCE, AS WELL AS, REFINING STROKE TECHNIQUE. EVEN THOUGH YOUR CHILD MAY FEEL COMFORTABLE IN A SWIMMING POOL ENVIRONMENT, THEY NEED TO DEVELOP MUSCLE STRENGTH AND LUNG CAPACITY.WHAT WOULD HAPPEN IF THEY FELL OUT OF A MOTOR BOAT, SAILBOAT, SURFBOARD, KAYAK, TUBE ON A RIVER, PADDLE BOARD? FELL OFF A DOCK, RIVER BANK, OR CAUGHT UP IN A HEAVY SURF? COULD THEY SWIM TO SAFETY?STROKE TEAM OFFERED YEAR ROUND & IS A NON-COMPETITIVE SEGUE TO THE SPORT OF SWIMMING & THE SARASOTA TSUNAMI SWIM TEAM. WHILE YOUR CHILD IS DEVELOPING THEIR SWIMMING SKILLS, THEY MAY DECIDE THAT SWIMMING IS THE SPORT THEY LOVE. AND WE WOULD LOVE TO HAVE THEM BE PART OF OUR TEAM.TSUNAMI SWIM TEAMSTROKE TEAM OUR ENTRY LEVEL GROUP WITH SWIMMERS USUALLY GRADUATING IN FROM SWIM LESSONS. EACH YOUNG SWIMMER SHOULD BE ABLE TO GO 25 YARDS FREESTYLE WITH SIDE BREATHING AND BE ABLE TO PUT THEIR FACE IN THE WATER, BACKSTROKE, AS WELL AS SWIM IN WATER OVER THEIR HEADS. DOGGY PADDLE IS NOT A SWIM STROKE. THIS GROUP PRACTICES TWICE EACH WEEK FOR ONE HOUR. COMPETITION IS NOT REQUIRED, BUT WE DO OFFER LOCAL AND VERY LOW KEY RACES.AGES 5 - 8 YEARS OLD BLUE TEAM WILL BE FOR SWIMMERS 8 & YOUNGER WHO SHOW THEY HAVE ADVANCED BEYOND STROKE TEAM. THEY WILL FOCUS ON LEARNING ALL FOUR STROKES, TURNS, STARTS AND HOW TO READ A PACE CLOCK AND TO DO SMALL SWIM AND KICK SETS.SILVER TEAM WILL BE FOR SWIMMERS 9 YRS. & YOUNGER WHO ARE READY TO FOCUS ON BEING STRONG COMPETITIVE SWIMMERS. THEY WILL CONTINUE WORKING ON ALL THE PARTS OF BLUE TEAM AND INCLUDE PRACTICING SWIM AND KICK IN ALL FOUR STROKES. THEIR SWIM SETS WILL BEGIN TO BE LONGER IN DURATION BUT WILL NOT YET BE IN WHAT MOST WOULD CONSIDER 'HARD CORE' TRAINING. THIS IS A STEPPING STONE TO THE JUNIOR TEAMS.VARSITY TEAM IS FOR 9 YRS. & OLDER GENERALLY BEGINNING SWIMMING FOR THE FIRST TIME. FOCUS WILL BE ON TEACHING ALL FOUR STROKES AND KICKS, TURNS AND STARTS. MODEST TRAINING TO PREPARE TO MOVE INTO EITHER SILVER OR JUNIOR TEAMS.JUNIOR TEAM IS FOR 8 - 12 YR. OLDS, SWIMMERS IN THIS GROUP ARE COMPETITIVE, PRACTICE TRAINING ALL FOUR STROKES IN BOTH SWIMMING AND KICKING. PREVIOUSLY THIS GROUP WAS KNOWN AS SILVER TEAM. THERE WILL BE TWO TRAINING GROUPS AT THIS LEVEL. ONE WILL BE FROM 3:00 - 4:30 PM, THE OTHER WILL BE FROM 5:00 - 6:30 PM. BOTH GROUPS WILL DO 'DRYLANDS' TOGETHER EACH DAY. THE EARLIER GROUP IS TO BOTH ACCOMMODATE SWIMMERS WHOSE SCHOOL DAY ENDS EARLIER AS WELL AS HELPING TO ALLEVIATE CROWDING IN OUR 5 - 6 TIME SLOT.JUNIOR 2 IS FOR 9 - 13 YR. OLDS, SWIMMERS IN THIS GROUP ARE HIGHLY COMPETITIVE, HAVE A GOAL OF SUCCESSFULLY COMPETING AT FLAGS AND BEYOND AND ARE COMMITTED TO PRACTICING 5 - 6 TIMES A WEEK AND SHOULD INCLUDE SATURDAY PRACTICES.SENIOR TEAM IS FOR SWIMMERS 12 YRS. AND OLDER, THOUGH MAINLY FOCUSED ON HS AGED SWIMMERS. THEY ARE EXPECTED TO ATTEND FOUR OR MORE PRACTICES EACH WEEK, WHICH SHOULD INCLUDE SATURDAY PRACTICE.SENIOR ELITE TEAM IS FOR SWIMMERS 12 YRS. AND OLDER, SWIMMERS ARE COMMITTED TO ALL PRACTICES EACH WEEK. THESE SWIMMERS ARE FOCUSED ON SCORING AT THE HS STATE LEVEL AS WELL AS COMPETING AT JUNIOR AND SENIOR NATIONALS.
    Expenses $521,701 · revenue $550,315

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-4112757
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$26,829
Income (IRS master file)
$550,395

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$511,507$546,197$78,190IRS
990December 2022$551,476$530,889$103,298IRS
990December 2021$502,370$501,139$80,673IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about KLEIN SWIM ACADEMY INC

What is the EIN of KLEIN SWIM ACADEMY INC?
The employer identification number (EIN) of KLEIN SWIM ACADEMY INC is 46-4112757.
Is KLEIN SWIM ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to KLEIN SWIM ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KLEIN SWIM ACADEMY INC 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 KLEIN SWIM ACADEMY INC 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 KLEIN SWIM ACADEMY INC 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 KLEIN SWIM ACADEMY INC?
The 990 for the year ended December 31, 2024 names IRA KLEIN.
Who are the officers and directors of KLEIN SWIM ACADEMY INC?
The 990 for the year ended December 31, 2024 lists 5 people; 3 received compensation from the organization, the highest $85,500 (IRA KLEIN, PRESIDENT).
How much revenue does KLEIN SWIM ACADEMY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $550,395, expenses of $593,190 and total assets of $26,829 at year end.

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