Nonprofit · EIN 58-2639878
TIDAL WAVE SWIM FOUNDATION INC
Tax-exempt · ACWORTH, GA 30101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $497,982 | $491,266 | $6,716 | $277,669 | $0 | $277,669 |
| December 31, 2024 | 990 | $407,922 | $418,349 | -$10,427 | $270,919 | -$35 | $270,954 |
| December 31, 2023 | 990 | $460,926 | $365,759 | $95,167 | $281,473 | $90 | $281,383 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $497,932
- Membership dues
- $494,781
- Program service revenue
- $0
- Investment income
- $50
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $77,000
- Other salaries and wages
- $157,329
- Salaries, compensation and benefits (total)
- $253,714
- Professional fundraising fees
- $0
- Accounting fees
- $3,700
- Occupancy
- $94,307
- Depreciation
- $22,892
- Program services (functional)
- $420,017
- Management and general (functional)
- $71,249
Balance sheet and other
- Total assets, start of year
- $270,919
- Total assets, end of year
- $277,669
- Total liabilities, end of year
- $0
- Net assets, end of year
- $277,669
- Land, buildings and equipment
- $89,835
- Net assets without donor restrictions
- $277,669
- Gross receipts
- $502,732
- Employees
- 6
- Volunteers
- 118
- Year formed
- 1998
- State of legal domicile
- GA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM MCGINNIS | PRESIDENT/HEAD COACH Officer | 40 | $77,000 |
| GENE PALISIKIS | DIRECTOR Trustee or director | 1 | $0 |
| KIT ROBERTSON | TREASURER Trustee or director, Officer | 1 | $0 |
| BRADLEY GOFF | DIRECTOR Trustee or director | 1 | $0 |
| TIM SCHOEFF | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM MCGINNIS | PRESIDENT/HEAD COACH Officer | 40 | $63,458 |
| GENE PALISIKIS | DIRECTOR Trustee or director | 1 | $0 |
| KIT ROBERTSON | TREASURER Trustee or director, Officer | 1 | $0 |
| BRADLEY GOFF | DIRECTOR Trustee or director | 1 | $0 |
| TIM SCHOEFF | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM MCGINNIS | PRESIDENT/HEAD COACH Officer | 40 | $59,463 |
| GENE PALISIKIS | DIRECTOR Trustee or director | 1 | $0 |
| KIT ROBERTSON | TREASURER Trustee or director, Officer | 1 | $0 |
| BRADLEY GOFF | DIRECTOR Trustee or director | 1 | $0 |
| TIM SCHOEFF | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4915 N MAIN ST UNIT 802, ACWORTH, GA 30101-1305
- Principal officer (990 for 2025)
- JIM MCGINNIS, 4915 N MAIN ST BOX 802, ACWORTH, GA 30101
- Signed the 990
- JIM MCGINNIS, PRESIDENT
- Phone
- (678) 906-3790
- Website
- WWW.TIDALWAVESWIMMING.COM
- Return prepared by
- SMITH LEONARD PLLC
Mission
THE PURPOSE OF THE TIDAL WAVE SWIMMING PROGRAM IS TO PROVIDE A FULL-RANGE SWIM PROGRAM FOR PRE-COMPETITIVE TO NATIONAL CALIBER SWIMMERS BASED ON THE IDEALS OF FUN, FITNESS, AND THE OPPORTUNITY TO EACH INDIVIDUAL TO REACH HIS OR HER PHYSICAL, INTELLECTUAL, SOCIAL, AND EMOTIONAL POTENTIAL.
Program accomplishments
- TIDAL WAVE SWIM FOUNDATION, INC. ("TIDAL WAVE") PROVIDES SWIM INSTRUCTION, TEAM COACHING, ATHLETE EDUCATION AND OUT OF WATER FITNESS INSTRUCTION. TIDAL WAVE ALSO HOSTS SWIM MEETS.Expenses $420,017
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 | 990 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
- 58-2639878
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N40)
- Assets (IRS master file)
- $277,669
- Income (IRS master file)
- $502,732
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $497,982 | $491,266 | $277,669 | IRS |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $407,922 | $418,349 | $270,919 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $460,926 | $365,759 | $281,473 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $360,233 | $378,643 | $186,802 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 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 58-2639878).
Questions about TIDAL WAVE SWIM FOUNDATION INC
- What is the EIN of TIDAL WAVE SWIM FOUNDATION INC?
- The employer identification number (EIN) of TIDAL WAVE SWIM FOUNDATION INC is 58-2639878.
- Is TIDAL WAVE SWIM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to TIDAL WAVE SWIM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TIDAL WAVE SWIM FOUNDATION 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 TIDAL WAVE SWIM FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TIDAL WAVE SWIM FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TIDAL WAVE SWIM FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names JIM MCGINNIS.
- Who are the officers and directors of TIDAL WAVE SWIM FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $77,000 (JIM MCGINNIS, PRESIDENT/HEAD COACH).
- How much revenue does TIDAL WAVE SWIM FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $497,982, expenses of $491,266 and total assets of $277,669 at year end.
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