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Nonprofit · EIN 56-1469322

NEW WAVE SWIM TEAM

Tax-exempt · RALEIGH, NC 27609

Financials

$1.3M$1.3M2023$1.5M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of NEW WAVE SWIM TEAM by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$1,492,151$1,487,214$4,937$535,179$112,653$422,526
August 31, 2024990$1,310,205$1,325,896-$15,691$524,696$107,107$417,589
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,371,695
Investment income
$9
Other revenue
$120,447

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$203,400
Salaries, compensation and benefits (total)
$664,461
Professional fundraising fees
$0
Accounting fees
$777
Occupancy
$11,660
Depreciation
$14,544
Program services (functional)
$1,374,638
Management and general (functional)
$112,576

Balance sheet and other

Total assets, start of year
$524,696
Total assets, end of year
$535,179
Total liabilities, end of year
$112,653
Net assets, end of year
$422,526
Land, buildings and equipment
$40,206
Net assets without donor restrictions
$422,526
Gross receipts
$1,492,151
Employees
30
Volunteers
0
Year formed
1985
State of legal domicile
NC

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 August 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JOHN ROYPRESIDENT/CEO
Officer
40$72,600$2,178
ZACHARY MURRAYTREASURER
Officer
40$53,400$1,602
MACON CROWDERSECRETARY
Officer
40$51,912$0
JONATHAN BESCHERVICE PRESIDENT
Officer
40$27,000$810
KRYSTI ZIEGERBOARD MEMBER
Trustee or director
10$0$0
990 for the year ended August 31, 2024: 6 people
NameTitleHours / weekCompensationOther / benefits
JOHN ROYPRESIDENT/CEO
Officer
40$72,400$2,172
ZACHARY MURRAYTREASURER
Officer
40$51,000$1,530
MACON CROWDERSECRETARY
Officer
40$49,440$1,440
JONATHAN BESCHERVICE PRESIDENT
Officer
40$26,400$792
JASON VAN OLSTBOARD MEMBER
Trustee or director
10$0$0
KRYSTI ZIEGERBOARD MEMBER
Trustee or director
10$0$0

Address and contacts

Address (IRS master file)
1306 PADDOCK DR STE E-102, RALEIGH, NC 27609-4873
Principal officer (990 for 2024)
JOHN ROY, PO BOX 18012, RALEIGH, NC 27619
Signed the 990
JOHN ROY, CEO
Phone
(919) 981-0644
Return prepared by
R SCOTT GRADY CPA PLLC

Mission

TO BUILD VALUE DRIVEN LEADERS FOR LIFE THROUGH EXCELLENCE IN SWIMMING.

990 for the year ended August 31, 2025

Program accomplishments

  • PROGRAMS TO PROVIDE SUPPORT TO TRAIN & DEVELOP COMPETITIVE SWIMMERS
    Expenses $1,374,638

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 August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
56-1469322
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1986
Accounting year ends
August
Files
Form 990 or 990-EZ
Assets (IRS master file)
$535,179
Income (IRS master file)
$1,492,151

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025$1,492,151$1,487,214$535,179XML
990August 2024$1,310,205$1,325,896$524,696XML
990August 2023$1,238,499$1,132,872$562,883IRS
990August 2022$1,106,359$994,369$441,489IRS
990August 2021–––IRS
990August 2020–––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 56-1469322).

Questions about NEW WAVE SWIM TEAM

What is the EIN of NEW WAVE SWIM TEAM?
The employer identification number (EIN) of NEW WAVE SWIM TEAM is 56-1469322.
Is NEW WAVE SWIM TEAM tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to NEW WAVE SWIM TEAM tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW WAVE SWIM TEAM 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 NEW WAVE SWIM TEAM due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW WAVE SWIM TEAM last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who is the principal officer of NEW WAVE SWIM TEAM?
The 990 for the year ended August 31, 2025 names JOHN ROY.
Who are the officers and directors of NEW WAVE SWIM TEAM?
The 990 for the year ended August 31, 2025 lists 5 people; 4 received compensation from the organization, the highest $72,600 (JOHN ROY, PRESIDENT/CEO).
How much revenue does NEW WAVE SWIM TEAM have?
On its 990 for the year ended August 31, 2025 it reported revenue of $1,492,151, expenses of $1,487,214 and total assets of $535,179 at year end.

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