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Nonprofit · EIN 59-3164776

CLEARWATER AQUATIC TEAM INC

Tax-exempt · CLEARWATER, FL 33765

Financials

$270K$271K2024
Revenue Expenses · by fiscal year end
Financials of CLEARWATER AQUATIC TEAM INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$270,228$270,907-$679$131,818$618$131,200
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$10,786
Program service revenue
$258,291
Investment income
$9
Net income from sales of inventory
$1,142
Other revenue
$1,142

Expenses

Grants and similar amounts paid
$6,336
Compensation of officers, directors and key employees
$62,684
Other salaries and wages
$96,908
Salaries, compensation and benefits (total)
$175,536
Professional fundraising fees
$0
Accounting fees
$7,130
Depreciation
$2,190
Program services (functional)
$219,540
Management and general (functional)
$51,367

Balance sheet and other

Total assets, start of year
$133,144
Total assets, end of year
$131,818
Total liabilities, end of year
$618
Net assets, end of year
$131,200
Land, buildings and equipment
$6,978
Gross receipts
$277,843
Employees
8
Volunteers
106
Year formed
1992
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 August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
RANDOLPH REESEDIRECTOR
Trustee or director
30$30,000
BARBARA NEWTONPRESIDENT
Trustee or director, Officer
25$29,802
CRAWFORD KERVICE PRESIDENT
Trustee or director, Officer
1$0
BRIE JONESTREASURER
Trustee or director, Officer
1$0
JARED BROWNSECRETARY
Trustee or director, Officer
1$0
KEITH DICKSONDIRECTOR
Trustee or director
1$0
ELIZABETH PICKREMDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1501 N BELCHER RD STE 229, CLEARWATER, FL 33765-1339
Principal officer (990 for 2024)
BARBARA NEWTON, 1501 N BELCHER ROAD 229, CLEARWATER, FL 33765
Signed the 990
BARBARA NEWTON, PRESIDENT
Phone
(727) 791-9542
Return prepared by
CRI ADVISORS LLC

Mission

TO BE THE PREMIER SWIM CLUB IN FLORIDA. THE TEAM IS COMMITTED TO THE PERSONAL DEVELOPMENT OF OUR MEMBERS THROUGH COMPETITIVE SWIMMING AND TO BUILDING CHARACTER AND ACHIEVEMENT THROUGH TEAMWORK IN A SAFE, HEALTHY AND POSITIVE ENVIRONMENT.

990 for the year ended August 31, 2025

Program accomplishments

  • COMPREHENSIVE SWIMMING PROGRAM FOR NOVICE SWIMMERS THROUGH NATIONALLY RANKED SWIMMERS. ALL SWIMMERS ARE PLACED INTO PROGRESSIVE, DEVELOPMENTAL GROUPS ACCORDING TO AGE AND SWIMMING ABILITY TO HELP FINE TUNE THEIR STROKES, TURNS, AND STARTS.
    Expenses $128,989 · grants $6,336 · revenue $193,806
  • SWIM MEETS ARE ATTENDED BY APPROX. 75% OF THE SWIMMERS ON THE TEAM. THE MEETS ENABLE THE SWIMMERS TO COMPETE AND STRIVE FOR EXCELLENCE.
    Expenses $90,551 · revenue $65,627

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
59-3164776
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
1994
Accounting year ends
August
Files
Form 990 or 990-EZ
Assets (IRS master file)
$131,818
Income (IRS master file)
$277,843

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025–––IRS
990August 2024–––IRS
990August 2023$356,062$345,552$160,174IRS
990August 2022$319,396$327,288$149,865IRS
990August 2021–––IRS
990August 2020–––IRS
990August 2019–––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 CLEARWATER AQUATIC TEAM INC

What is the EIN of CLEARWATER AQUATIC TEAM INC?
The employer identification number (EIN) of CLEARWATER AQUATIC TEAM INC is 59-3164776.
Is CLEARWATER AQUATIC TEAM INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to CLEARWATER AQUATIC TEAM INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CLEARWATER AQUATIC TEAM 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 CLEARWATER AQUATIC TEAM INC 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 CLEARWATER AQUATIC TEAM INC 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 CLEARWATER AQUATIC TEAM INC?
The 990 for the year ended August 31, 2025 names BARBARA NEWTON.
Who are the officers and directors of CLEARWATER AQUATIC TEAM INC?
The 990 for the year ended August 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $30,000 (RANDOLPH REESE, DIRECTOR).
How much revenue does CLEARWATER AQUATIC TEAM INC have?
On its 990 for the year ended August 31, 2025 it reported revenue of $270,228, expenses of $270,907 and total assets of $131,818 at year end.

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