SOUTH JERSEY AQUATIC CLUB

EIN: 473425705 501(c)(3) Recreation & Sports

VOORHEES, NJ

Total Revenue
$1,528,984
Total Expenses
$1,585,772
Total Assets
$43,686
Net Assets
$-391,907
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NJ
Principal Officer
KRISTEN HOLCROFT
Phone
8563353007
Tax Period
2023-09-01 to 2024-08-31

SOUTH JERSEY AQUATIC CLUB, founded in 2015, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF SJAC IS TO PROVIDE QUALITY RECREATIONAL AND COMPETITIVE SWIM INSTRUCTION AND TEACH OVERALL WATER SAFETY SKILLS TO ALL MEMBERS OF THE COMMUNITY, REGARDLESS OF AGE OR ABILITY. THE LONG-TERM FOCUS IS LIFE-LONG DEVELOPMENT OF TOTAL MIND AND BODY HEALTH.THE FOUNDING PRINCIPAL OF SJAC IS THAT SWIMMING SHOULD BE ENJOYED, NOT ENDURED. THIS PHILOSOPHY IS CARRIED ACROSS ALL LEVELS OF INSTRUCTION, FROM OUR LEARN-TO-SWIM PROGRAM, TO OUR NATIONAL COMPETITORS, AND EVERYONE IN BETWEEN. IN ADDITION TO TEACHING SWIM TECHINQUE AND WATER SAFETY, WE STRIVE TO TEACH OUR PARTICIPANTS SKILLS THAT THEY CAN CARRY WITH THEM OUTSIDE OF THE POOL TO LIVE ACTIVE HEALTHY LIVES.SOUTH JERSEY AQUATIC CLUB SWIMS AT THE BRAND NEW NL AQUATIC CENTER IN VOORHEES AND IS DIVIDED INTO 5 PROGRAMS: COMPETITIVE SWIM TEAM, NON-COMPETITIVE SWIM TEAM, MASTER'S SWIM TEAM, SPECIAL OLYMPICS TEAM, AND HOME SCHOOL SWIM TEAM.

Program Service Accomplishments

Program 1
Expenses: $1,445,008 Revenue: $1,521,305

IN ADDITION TO TEACHING SWIM TECHNIQUE AND WATER SAFETY, THE CLUB STRIVES TO TEACH ITS PARTICIPANTS SKILLS THAT THEY CAN CARRY WITH THEM OUTSIDE OF THE POOL TO LIVE ACTIVE HEALTHY LIVES. THE CLUB...

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IN ADDITION TO TEACHING SWIM TECHNIQUE AND WATER SAFETY, THE CLUB STRIVES TO TEACH ITS PARTICIPANTS SKILLS THAT THEY CAN CARRY WITH THEM OUTSIDE OF THE POOL TO LIVE ACTIVE HEALTHY LIVES. THE CLUB SWIMS AT THE BRAND-NEW NL AQUATIC CENTER IN VOORHEES, NEW JERSEY AND IS DIVIDED INTO FIVE PROGRAMS: (1) SJAC SWIM SMART LESSONS, (2) COMPETITIVE SWIM TEAM, (3) NON-COMPETITIVE SWIM TEAM, (4) MASTER'S SWIM TEAM, AND (5) SPECIAL NEEDS SWIM PROGRAM. EACH OF THE PROGRAMS IS DESCRIBED IN DETAIL BELOW. 1. THE SJAC SWIM SMART LESSONS THE SJAC SWIM SMART LESSONS ARE GEARED TOWARD THE COMPETITIVE SWIMMER. WE COMBINE INDIVIDUAL COACHING WITH MODERN TECHNOLOGY TO IMPROVE THE EFFICIENCY OF EACH STROKE. WITH THE USE OF UNDERWATER CAMERAS, SWIM ANALYSIS SOFTWARE, AND AN ENDLESS POOL, WE ARE ABLE TO ANALYZE AND CORRECT THE INDIVIDUAL'S FROM EVERY ANGLE 2. THE COMPETITIVE SWIM TEAM THE COMPETITIVE SWIM TEAM IS A USA SWIMMING COMPETITIVE TEAM STARTED BY PETER HOLCROFT, AN ASCA (AMERICAN SWIM COACHES ASSOCIATION) LEVEL 4 SWIM COACH. SINCE STARTING THE COMPETITIVE TEAM IN THE FALL OF 2015, THE TEAM HAS GROWN TO OVER 615 SWIMMERS, THE LARGEST IN THE MID-ATLANTIC REGION, AND TOP 30 CLUB TEAMS IN THE USA. PETER HAS BEEN COACHING COMPETITIVE SWIM TEAMS AND RUNNING LESSON PROGRAMS FOR ALMOST 30 YEARS THROUGHOUT THE SOUTH JERSEY COMMUNITY. HE RAN SEVERAL YMCA TEAMS THAT WERE RANKED AMONG THE TOP 75 TEAMS NATIONWIDE (SEE PETE HOLCROFT BIO FOR MORE INFORMATION). PETER IS THE FOUNDER AND PRESIDENT OF SJAC AND ALSO COACHES THE PLATINUM NATIONAL PROGRAM. PETER BASED HIS TEAM'S TRAINING WHAT HE LEARNED THROUGH HIS OWN COMPETITIVE SWIMMING CAREER THAT BALANCING A MEDIUM AMOUNT OF SWIM YARDAGE WITH TARGETED DRY-LAND TRAINING PREVENTED SWIMMERS FROM BURNING OUT TOO EARLY AND ALLOWED THEM TO EXTEND THEIR COMPETITIVE SWIM CAREERS. THIS PHILOSOPHY HAS PROVEN SUCCESSFUL AND HAS PRODUCED SWIMMERS WHO HAVE GONE ON TO OLYMPIC TRIALS, SUCCESSFUL COLLEGE COMPETITIVE SWIMMING CAREERS, AND THE US NATIONAL SWIM TEAM. THE CLUB RECOGNIZES THAT NOT ALL SWIMMERS HAVE THE DESIRE TO COMPETE ON A NATIONAL LEVEL AND HAS DEVELOPED PROGRAMS TO ACCOMMODATE EVERYONE. YOUNGER SWIMMERS ARE DIVIDED INTO GROUPS BY AGE AND SKILL LEVEL, BRONZE BEING THE YOUNGEST GROUP, THEN SILVER, GOLD, AND GOLD SELECT. ALL SWIMMERS ARE ENCOURAGED TO COMPETE IN EVERY STROKE AT A VARIETY OF DISTANCES BECAUSE IT TEACHES THEM TO CONQUER THEIR FEARS, INSTILLS CONFIDENCE, AND ENCOURAGES THEM TO ATTEMPT ALL STROKES INSTEAD OF LIMITING THEMSELVES TO ONE. AS THE SWIMMERS GET INTO HIGH SCHOOL, THEY ARE DIVIDED BY SKILL AND COMMITMENT TO THE SPORT. THOSE WHO ARE LOOKING FOR A MORE DISCIPLINED PROGRAM AND TO COMPETE ON A NATIONAL LEVEL MOVE INTO THE NATIONAL/PLATINUM GROUP. THE SENIOR GROUP IS FOR HIGH SCHOOL SWIMMERS WHO MAY PLAY OTHER SPORTS AND SWIM IN THE OFF SEASON, ARE JUST LOOKING TO COMPETE AND STAY IN SHAPE, OR JUST LOVE TO SWIM COMPETITIVELY BUT ARE NOT ABLE TO MAKE THE COMMITMENT OF THE PLATINUM GROUP 3. THE NON-COMPETITIVE SWIM TEAM THE NON-COMPETITIVE, OR SJAC II TEAM, BEGAN IN THE FALL OF 2015 FOR SEVERAL REASONS. THE CLUB RECOGNIZES A NEED TO OFFER A PROGRAM WITHOUT THE SWIM MEET COMMITMENT OF THE COMPETITIVE SWIM TEAM. THE CLUB ALSO WANTED TO OFFER YOUNGER SWIMMERS AN INTRODUCTION TO THE WORLD OF COMPETITIVE SWIMMING. SWIMMERS IN OUR BRONZE OR SILVER GROUP MAY ATTEND UP TO FOUR PRACTICES/WEEK. THEY ARE ENCOURAGED TO ATTEND MONTHLY SWIM MEETS, HOWEVER, THOSE MEETS ARE NOT REQUIRED. WE ALSO OFFER A SENIOR GROUP FOR HIGH SCHOOL ATHLETES. FINALLY, WE HAVE 2 DEVELOPMENTAL TEAMS FOR DIFFERENT AGE GROUPS THAT COMBINE SWIM LESSONS (TO DEVELOP CORRECT SWIM TECHNIQUE) AND TEAM TRAINING (TO ENCOURAGE SWIMMERS THROUGH THEIR PIERS). 4. THE MASTERS TEAM THE MASTERS TEAM STARTED IN THE FALL OF 2016. THE MASTERS TEAM OPERATES UNDER AND IS REGISTERED WITH US MASTERS SWIMMING. THIS GROUP IS FOR ADULT ATHLETES OVER THE AGE OF 18. MANY INDIVIDUALS ON THE MASTERS TEAM ARE FORMER COLLEGE SWIMMERS LOOKING FOR A COACHED PROGRAM TO STAY IN SHAPE, WHILE OTHERS ARE LOOKING TO IMPROVE THEIR TECHNIQUE IN ORDER TO COMPETE IN TRIATHLONS OR CROSS-FIT COMPETITIONS. FOR EVERYONE ON THE MASTERS TEAM, IT IS A REASON TO SOCIALIZE WITH OTHER ADULTS WITH SIMILAR INTERESTS. THE CLUB WELCOMES ANY ONE OVER THE AGE OF 18 ON THE MASTER TEAM, REGARDLESS OF SKILL LEVEL. 5. THE SPECIAL NEEDS PROGRAMS:THE CLUB BEGAN ITS SPECIAL NEEDS PROGRAMMING IN THE FALL OF 2016 AFTER RUNNING A TRIAL PROGRAM IN AUGUST WITH THE CAMDEN COUNTY DEPARTMENT OF EVENTS AND COMMUNITY OUTREACH PROVIDING GROUP LESSONS TO INDIVIDUALS WITH DISABILITIES. THE SPECIAL NEEDS PROGRAM MAINLY CONSISTS OF THE SPECIAL OLYMPICS SWIM TEAM (THE SJAC GATORS). THE CLUB BROUGHT ON SEVERAL COACHES WHO ARE TRAINED TO WORK WITH INDIVIDUALS WITH SPECIAL NEEDS AND HAVE SPECIALIZED IN AQUATICS. THE CLUB STRIVES TO GO BEYOND TRADITIONAL SPECIAL NEEDS PROGRAMMING BY NOT ONLY ENCOURAGING ITS SPECIAL NEEDS SWIMMERS TO PARTICIPATE, BUT TO IMPROVE. IN ADDITION TO WORKING WITH CAMDEN COUNTY DEPARTMENT OF EVENTS, THE CLUB HAS ALSO DEVELOPED A PARTNERSHIP WITH CAMDEN COUNTY PARTNERSHIP FOR CHILDREN. THE CLUB'S SPECIAL NEEDS SWIM TEAM PROGRAM NOW HAS 48 PARTICIPANTS THAT ALL COMPETE ON OUR SPECIAL OLYMPICS SWIM TEAM,THE LARGEST IN THE STATE. MANY OF THE CLUB'S COACHES, INSTRUCTORS AND SWIMMERS VOLUNTEER TO COACH THE TEAM.THE CLUB ASPIRES TO CREATE A FAMILY ATMOSPHERE AMONGST ALL THE FIVE PROGRAMS. MANY OF THE COACHES CURRENTLY WITH THE CLUB HAVE BEEN WITH PETE SINCE BEFORE HE MOVED THE SWIM TEAM TO THE NL AQUATICS CENTER. MANY OF THEM WERE FORMER SWIMMERS OF HIS WHO LOVED THE PHILOSOPHY AND THE ATMOSPHERE HE CREATED SO MUCH THAT THEY HAVE COME BACK TO COACH FOR HIM AS ADULTS. ALTHOUGH THE CLUB'S TEAMS ARE SPLIT INTO GROUPS, EACH GROUP HAS SEVERAL TEAM BONDING EVENTS THROUGHOUT THE SEASON, INCLUDING TWO GROUP EVENTS AT THE BEGINNING AND END OF THE SEASON.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,033
Program Service Revenue $1,521,305
Investment Income $1,055
Other Revenue $-1,409
TOTAL REVENUE $1,528,984

Expense Breakdown

Grants Paid $0
Salaries & Benefits $509,850
Fundraising Expenses $3,030
Program Expenses $1,445,008
Other Expenses $1,075,922
TOTAL EXPENSES $1,585,772

Year-over-Year Comparison

2023 2022 Change
Revenue $1,528,984 $1,366,255 +0.1%
Expenses $1,585,772 $1,587,546 0.0%
Net Income $-56,788 $-221,291 -0.7%
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
6
Independent Members
4
Employees
42
Volunteers
500

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
3
$79,983
Total Directors
6
$91,506
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER HOLCROFT PRESIDENT 40.00
Officer Director
$79,983 $0 $79,983
TIM HOLCROFT BOARD MEMBER 4.00
Director
$11,523 $0 $11,523
SCOTT PETERS VICE PRESIDENT/SECRETARY 0.20
Officer Director
$0 $0 $0
SHAWN WATSON TREASURER 0.20
Officer Director
$0 $0 $0
GREGORY BARONE BOARD MEMBER 0.20
Director
$0 $0 $0
JONATHAN MASLOW BOARD MEMBER 0.20
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
2025 No data No data No data No data
2024 $1,528,984 $1,585,772 $43,686 $-56,788
2023 $1,366,255 $1,587,546 $49,375 $-221,291
2022 $1,615,056 $1,497,528 $164,803 $117,528
2021 $1,185,963 $1,240,333 $176,269 $-54,370
2020 $954,593 $1,046,966 $226,613 $-92,373
2019 $1,138,578 $1,136,946 $129,132 $1,632
2018 $959,846 $956,745 $79,187 $3,101
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