Nonprofit · EIN 82-1614279
SHARKS SWIM CLUB
Tax-exempt · FRIENDSWOOD, TX 77549
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $985,458 | $1,064,692 | -$79,234 | $371,686 | $1,535 | $370,151 |
| July 31, 2024 | 990 | $975,565 | $931,105 | $44,460 | $449,385 | $0 | $449,385 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $147,866
- Membership dues
- $38,251
- Program service revenue
- $837,592
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,050
- Other salaries and wages
- $455,604
- Salaries, compensation and benefits (total)
- $490,819
- Professional fundraising fees
- $0
- Occupancy
- $142,247
- Travel
- $72,847
- Depreciation
- $7,861
- Program services (functional)
- $1,012,615
- Management and general (functional)
- $7,752
- Fundraising (functional)
- $44,325
Balance sheet and other
- Total assets, start of year
- $449,385
- Total assets, end of year
- $371,686
- Total liabilities, end of year
- $1,535
- Net assets, end of year
- $370,151
- Land, buildings and equipment
- $11,549
- Net assets without donor restrictions
- $370,151
- Gross receipts
- $985,458
- Employees
- 32
- State of legal domicile
- TX
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER CLEMONS | DIRECTOR/HEA Trustee or director | 65 | $71,942 |
| LAURA D SHIPMAN | TREASURER Officer | 15 | $8,717 |
| EDWARD JONAS | DIRECTOR Trustee or director | 1 | $0 |
| ANN ESBECK | SECRETARY Officer | 2 | $0 |
| JAMES MCMICHAEL | PRESIDENT Officer | 5 | $0 |
990 for the year ended July 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GORDON WESTERBERG | DIRECTOR/HEA Trustee or director | 65 | $50,294 |
| LAURA D SHIPMAN | TREASURER Officer | 15 | $7,519 |
| EDWARD JONAS | DIRECTOR Trustee or director | 1 | $0 |
| ANN ESBECK | SECRETARY Officer | 2 | $0 |
| JAMES MCMICHAEL | PRESIDENT Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 361, FRIENDSWOOD, TX 77549-0361
- In care of
- % SHARKS SWIM CLUB
- Principal officer (990 for 2024)
- JAMES MCMICHAEL, 1507 AZALEA TRAIL, FRIENDSWOOD, TX 77546
- Signed the 990
- LAURA D SHIPMAN, TREASURER
- Phone
- (832) 465-7884
- Return prepared by
- LYNCH & COMPANY LLP
Mission
THE SHARKS SWIM CLUB IS DEDICATED TO PROVIDING THE ENVIRONMENT, RESOURCES AND ENCOURAGEMENT FOR ALL OF ITS SWIMMERS TO MAKE A COMMITMENT TO THE HIGHEST LEVEL OF PERSONAL POTENTIAL AND THE PURSUIT OF HUMBLE EXCELLENCE.THE SHARKS ARE COMMITTED TO PROVIDING A SAFE, HEALTHY AND POSITIVE ENVIRONMENT FOR ALL ATHLETES TO GROW IN THEIR SPORT.
Program accomplishments
- MONTHLY TRAINING FEESExpenses $746,906 · revenue $837,592
- SWIM MEETSExpenses $261,773
- SOCIAL EVENTS FOR FAMILIES & SWIMMERS- THESE EVENTS ARE INTENDED TO BREAK EVENExpenses $1,886
- GRANTSExpenses $2,050 · grants $2,050
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 82-1614279
- 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
- 2018
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $371,686
- Income (IRS master file)
- $985,458
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $985,458 | $1,064,692 | $371,686 | XML |
| 990 | July 2024 | $975,565 | $931,105 | $449,385 | XML |
| 990 | July 2023 | $842,293 | $867,416 | $404,925 | IRS |
| 990 | July 2022 | $862,796 | $799,750 | $430,048 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 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 82-1614279).
Questions about SHARKS SWIM CLUB
- What is the EIN of SHARKS SWIM CLUB?
- The employer identification number (EIN) of SHARKS SWIM CLUB is 82-1614279.
- Is SHARKS SWIM CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to SHARKS SWIM CLUB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHARKS SWIM CLUB 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 SHARKS SWIM CLUB due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHARKS SWIM CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of SHARKS SWIM CLUB?
- The 990 for the year ended July 31, 2025 names JAMES MCMICHAEL.
- Who are the officers and directors of SHARKS SWIM CLUB?
- The 990 for the year ended July 31, 2025 lists 5 people; 2 received compensation from the organization, the highest $71,942 (CHRISTOPHER CLEMONS, DIRECTOR/HEA).
- How much revenue does SHARKS SWIM CLUB have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $985,458, expenses of $1,064,692 and total assets of $371,686 at year end.
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