KLEIN SWIM ACADEMY INC

EIN: 464112757 501(c)(3) Recreation & Sports

SARASOTA, FL

Total Revenue
$511,507
Total Expenses
$546,197
Total Assets
$78,190
Net Assets
$63,147
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
FL
Principal Officer
IRA KLEIN
Phone
9419287946
Tax Period
2023-01-01 to 2023-12-31

KLEIN SWIM ACADEMY INC, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $512K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

OUR MISSION AT THE SARASOTA SWIM ACADEMY IS TO HELP OUR COMMUNITY'S CHILDREN GROW INTO HAPPY, HEALTHY, RESPONSIBLE ADULTS BY INSTILLING CONFIDENCE AND BUILDING POSITIVE LEARNING ATTITUDES FOR LIFE THROUGH THE SPORT OF SWIMMING.

Program Service Accomplishments

Program 1
Expenses: $477,184 Revenue: $511,359

BABY & METHIS IS A PRE-SWIMMING CLASS WITH PARENT PARTICIPATION PARENT AND CHILD (NEWBORNS 10 WEEK - TODDLERS 36 MONTHS)WORK TOGETHER WITH THE COACHES TO LEARN SKILLS INCLUDING BACK FLOATS...

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BABY & METHIS IS A PRE-SWIMMING CLASS WITH PARENT PARTICIPATION PARENT AND CHILD (NEWBORNS 10 WEEK - TODDLERS 36 MONTHS)WORK TOGETHER WITH THE COACHES TO LEARN SKILLS INCLUDING BACK FLOATS, SUBMERSIONS (NOT FORCED) & ROLLOVER BREATHING, WITH INTRODUCTION TO STROKES, THROUGH FUN POSITIVE REINFORCEMENT, CUES & LOTS OF HUGS AND KISSES, FAMILY ENVIRONMENT WITH EXPERT INSTRUCTION. LEARN THE IMPORTANCE OF "BREATH, BALANCE & BUOYANCY"STROKE TEAM IS A YEAR ROUND CONTINUATION OF OUR LEARN TO SWIM PROGRAM & INTRODUCTION TO THE TSUNAMI SWIM TEAM. STROKE TEAM IS DESIGNED TO DEVELOP YOUR CHILD'S SWIMMING ENDURANCE, AS WELL AS, REFINING STROKE TECHNIQUE. EVEN THOUGH YOUR CHILD MAY FEEL COMFORTABLE IN A SWIMMING POOL ENVIRONMENT, THEY NEED TO DEVELOP MUSCLE STRENGTH AND LUNG CAPACITY.WHAT WOULD HAPPEN IF THEY FELL OUT OF A MOTOR BOAT, SAILBOAT, SURFBOARD, KAYAK, TUBE ON A RIVER, PADDLE BOARD? FELL OFF A DOCK, RIVER BANK, OR CAUGHT UP IN A HEAVY SURF? COULD THEY SWIM TO SAFETY?STROKE TEAM OFFERED YEAR ROUND & IS A NON-COMPETITIVE SEGUE TO THE SPORT OF SWIMMING & THE SARASOTA TSUNAMI SWIM TEAM. WHILE YOUR CHILD IS DEVELOPING THEIR SWIMMING SKILLS, THEY MAY DECIDE THAT SWIMMING IS THE SPORT THEY LOVE. AND WE WOULD LOVE TO HAVE THEM BE PART OF OUR TEAM.TSUNAMI SWIM TEAMSTROKE TEAM OUR ENTRY LEVEL GROUP WITH SWIMMERS USUALLY GRADUATING IN FROM SWIM LESSONS. EACH YOUNG SWIMMER SHOULD BE ABLE TO GO 25 YARDS FREESTYLE WITH SIDE BREATHING AND BE ABLE TO PUT THEIR FACE IN THE WATER, BACKSTROKE, AS WELL AS SWIM IN WATER OVER THEIR HEADS. DOGGY PADDLE IS NOT A SWIM STROKE. THIS GROUP PRACTICES TWICE EACH WEEK FOR ONE HOUR. COMPETITION IS NOT REQUIRED, BUT WE DO OFFER LOCAL AND VERY LOW KEY RACES.AGES 5 - 8 YEARS OLD BLUE TEAM WILL BE FOR SWIMMERS 8 & YOUNGER WHO SHOW THEY HAVE ADVANCED BEYOND STROKE TEAM. THEY WILL FOCUS ON LEARNING ALL FOUR STROKES, TURNS, STARTS AND HOW TO READ A PACE CLOCK AND TO DO SMALL SWIM AND KICK SETS.SILVER TEAM WILL BE FOR SWIMMERS 9 YRS. & YOUNGER WHO ARE READY TO FOCUS ON BEING STRONG COMPETITIVE SWIMMERS. THEY WILL CONTINUE WORKING ON ALL THE PARTS OF BLUE TEAM AND INCLUDE PRACTICING SWIM AND KICK IN ALL FOUR STROKES. THEIR SWIM SETS WILL BEGIN TO BE LONGER IN DURATION BUT WILL NOT YET BE IN WHAT MOST WOULD CONSIDER 'HARD CORE' TRAINING. THIS IS A STEPPING STONE TO THE JUNIOR TEAMS.VARSITY TEAM IS FOR 9 YRS. & OLDER GENERALLY BEGINNING SWIMMING FOR THE FIRST TIME. FOCUS WILL BE ON TEACHING ALL FOUR STROKES AND KICKS, TURNS AND STARTS. MODEST TRAINING TO PREPARE TO MOVE INTO EITHER SILVER OR JUNIOR TEAMS.JUNIOR TEAM IS FOR 8 - 12 YR. OLDS, SWIMMERS IN THIS GROUP ARE COMPETITIVE, PRACTICE TRAINING ALL FOUR STROKES IN BOTH SWIMMING AND KICKING. PREVIOUSLY THIS GROUP WAS KNOWN AS SILVER TEAM. THERE WILL BE TWO TRAINING GROUPS AT THIS LEVEL. ONE WILL BE FROM 3:00 - 4:30 PM, THE OTHER WILL BE FROM 5:00 - 6:30 PM. BOTH GROUPS WILL DO 'DRYLANDS' TOGETHER EACH DAY. THE EARLIER GROUP IS TO BOTH ACCOMMODATE SWIMMERS WHOSE SCHOOL DAY ENDS EARLIER AS WELL AS HELPING TO ALLEVIATE CROWDING IN OUR 5 - 6 TIME SLOT.JUNIOR 2 IS FOR 9 - 13 YR. OLDS, SWIMMERS IN THIS GROUP ARE HIGHLY COMPETITIVE, HAVE A GOAL OF SUCCESSFULLY COMPETING AT FLAGS AND BEYOND AND ARE COMMITTED TO PRACTICING 5 - 6 TIMES A WEEK AND SHOULD INCLUDE SATURDAY PRACTICES.SENIOR TEAM IS FOR SWIMMERS 12 YRS. AND OLDER, THOUGH MAINLY FOCUSED ON HS AGED SWIMMERS. THEY ARE EXPECTED TO ATTEND FOUR OR MORE PRACTICES EACH WEEK, WHICH SHOULD INCLUDE SATURDAY PRACTICE.SENIOR ELITE TEAM IS FOR SWIMMERS 12 YRS. AND OLDER, SWIMMERS ARE COMMITTED TO ALL PRACTICES EACH WEEK. THESE SWIMMERS ARE FOCUSED ON SCORING AT THE HS STATE LEVEL AS WELL AS COMPETING AT JUNIOR AND SENIOR NATIONALS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $511,359
Investment Income $148
Other Revenue $0
TOTAL REVENUE $511,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $319,813
Fundraising Expenses $0
Program Expenses $477,184
Other Expenses $226,384
TOTAL EXPENSES $546,197

Year-over-Year Comparison

2023 2022 Change
Revenue $511,507 $551,476 -0.1%
Expenses $546,197 $530,889 +0.0%
Net Income $-34,690 $20,587 -2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
2
Employees
N/A
Volunteers
400

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$96,000
Total Directors
5
$140,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES WARNER DIRECTOR 1.00
Director
$0 $0 $0
IRA KLEIN PRESIDENT 40.00
Officer Director
$78,000 $0 $78,000
CYNTHIA KLEIN TREASURER 25.00
Officer Director
$18,000 $0 $18,000
LISA REPASSY DIRECTOR 25.00
Director
$44,700 $0 $44,700
JULIE SANTIAGO DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $511,507 $546,197 $78,190 $-34,690
2022 $551,476 $530,889 $103,298 $20,587
2021 $502,370 $501,139 $80,673 $1,231
2020 $349,834 $350,003 $77,187 $-169
2019 $450,589 $465,751 $81,266 $-15,162
2018 $430,636 $417,713 $95,755 $12,923
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