Nonprofit · EIN 62-1574063
TENNESSEE AQUATICS INC
Tax-exempt · KNOXVILLE, TN 37909
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $1,548,746 | $1,319,117 | $229,629 | $526,450 | $278,538 | $247,912 |
| August 31, 2024 | 990 | $1,343,016 | $1,352,360 | -$9,344 | $234,329 | $216,046 | $18,283 |
| August 31, 2023 | 990 | $1,240,017 | $1,175,496 | $64,521 | $219,283 | $191,656 | $27,627 |
| August 31, 2022 | 990 (amended) | $1,029,686 | $1,026,261 | $3,425 | $241,952 | $278,846 | -$36,894 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $1,084,138
- Membership dues
- $1,046,761
- Program service revenue
- $391,088
- Investment income
- $301
- Other revenue
- $73,219
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $128,182
- Other salaries and wages
- $410,225
- Salaries, compensation and benefits (total)
- $579,883
- Professional fundraising fees
- $0
- Accounting fees
- $31,860
- Occupancy
- $198,093
- Travel
- $47,660
- Program services (functional)
- $1,296,367
- Management and general (functional)
- $22,750
Balance sheet and other
- Total assets, start of year
- $234,329
- Total assets, end of year
- $526,450
- Total liabilities, end of year
- $278,538
- Net assets, end of year
- $247,912
- Net assets without donor restrictions
- $244,062
- Net assets with donor restrictions
- $3,850
- Gross receipts
- $1,548,746
- Employees
- 40
- Volunteers
- 0
- Year formed
- 1995
- State of legal domicile
- TN
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY BAUER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $128,182 | $28,078 |
| MATT KREDICH | MEMBER Trustee or director | 1 | $0 | $0 |
| PHIL SAVAGE | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER LAMBERT | MEMBER Trustee or director | 1 | $0 | $0 |
| RAELLEN SIMPSON | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MARY HANNEMAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JAYSON NAVE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended August 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY BAUER | EXECUTIVE DIR. (AS OF JUNE 2024) Trustee or director, Officer | 40 | $130,931 | $23,901 |
| DEREK PAUL | EXECUTIVE DIR. (RESIGNED JUNE 2024) Trustee or director, Officer | 40 | $91,050 | $0 |
| MATT KREDICH | MEMBER Trustee or director | 1 | $0 | $0 |
| PHIL SAVAGE | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER LAMBERT | MEMBER Trustee or director | 1 | $0 | $0 |
| RAELLEN SIMPSON | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MARY HANNEMAN | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| JAYSON NAVE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM BAUER | EX-OFFICIO MEMBER Trustee or director | 40 | $120,102 |
| DEREK PAUL | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $90,001 |
| MATT KREDICH | MEMBER Trustee or director | 1 | $0 |
| PHIL SAVAGE | MEMBER Trustee or director | 1 | $0 |
| RAELLEN SIMPSON | SECRETARY (RESIGNED JUNE 2023) Trustee or director, Officer | 1 | $0 |
| CHRISTOPHER LAMBERT | PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
| ANGELIA NYSTROM | SECRETARY (AS OF JUNE 2023) Trustee or director, Officer | 1 | $0 |
990 for the year ended August 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEREK PAUL | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $97,500 |
| MATT KREDICH | MEMBER Trustee or director | 1 | $0 |
| PHIL SAVAGE | MEMBER Trustee or director | 1 | $0 |
| RAELLEN SIMPSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHRISTOPHER LAMBERT | PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 DOWELL SPRINGS BLVD, KNOXVILLE, TN 37909-2456
- Principal officer (990 for 2024)
- RAELLEN SIMPSON, 1237 WEISGARBER ROAD PO BOX 51103, KNOXVILLE, TN 37950
- Signed the 990
- RAELLEN SIMPSON, PRESIDENT
- Phone
- (281) 224-9054
- Website
- WWW.TNAQUATICS.COM
- Return prepared by
- COULTER & JUSTUS PC
Mission
FOSTER AMATEUR SWIMMING AND DIVING THROUGH TRAINING, DEVELOPMENT, AND COMPETITION.
Program accomplishments
- FOSTER AMATEUR SWIMMING AND DIVING BY PROVIDING AN OPPORTUNITY FOR CHILDREN TO PRACTICE SWIMMING AND DIVING IN A FACILITY DESIGNED FOR ADVANCED SWIMMING AND DIVING COMPETITION AND FOR SWIMMERS/DIVERS TO DEVELOP MORE ADVANCED SKILLS THROUGH EXPERIENCED COACHING. THE ORGANIZATION PROVIDED INSTRUCTION FOR OVER 250 SWIMMERS/DIVERS.Expenses $933,827 · revenue $73,520
- FOSTER AMATEUR SWIMMING AND DIVING PROVIDING A FORUM FOR CHILDREN TO COMPETE IN ORGANIZED COMPETITIONS IN A FIRST CLASS SWIM/DIVE FACILITY. SWIM AND DIVE MEET COMPETITIONS ATTRACT 300 - 1,000 ATHLETES DEPENDING ON THE TYPE OF COMPETITION HOSTED.Expenses $362,540 · revenue $391,088
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 62-1574063
- 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
- 1995
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70)
- Assets (IRS master file)
- $526,450
- Income (IRS master file)
- $1,548,746
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $1,548,746 | $1,319,117 | $526,450 | XML |
| 990 | August 2024 | $1,343,016 | $1,352,360 | $234,329 | XML |
| 990 | August 2023 | $1,240,017 | $1,175,496 | $219,283 | XML |
| 990 | August 2022 | $1,029,686 | $1,026,261 | $241,952 | XML |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | 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 62-1574063).
Questions about TENNESSEE AQUATICS INC
- What is the EIN of TENNESSEE AQUATICS INC?
- The employer identification number (EIN) of TENNESSEE AQUATICS INC is 62-1574063.
- Is TENNESSEE AQUATICS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to TENNESSEE AQUATICS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TENNESSEE AQUATICS 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 TENNESSEE AQUATICS 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 TENNESSEE AQUATICS 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 TENNESSEE AQUATICS INC?
- The 990 for the year ended August 31, 2025 names RAELLEN SIMPSON.
- Who are the officers and directors of TENNESSEE AQUATICS INC?
- The 990 for the year ended August 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $128,182 (TIMOTHY BAUER, EXECUTIVE DIRECTOR).
- How much revenue does TENNESSEE AQUATICS INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $1,548,746, expenses of $1,319,117 and total assets of $526,450 at year end.
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