MAC is a swimming club based in Charlotte, NC that was founded in 1977. As of 2019 they had $5.0 million in revenue and $2.9 million in assets.
The Mecklenburg Aquatic Club is a not-for-profit organization whose purpose is to provide a comprehensive, year-round competitive, instructional, and recreational swimming program to the greater Charlotte area.
Previous legal names or variations of their name include: Mecklenburg Aquatic Club.
EIN:
59-1769720
City:
State:
Website:
Phone:
704-846-5335
Founded:
1977
Type:
501(c)(3)
NTEE:
Revenue:
$5,067,903
Assets:
$2,939,882
Employees:
260
Fiscal year end:
August
Program areas at MAC
Swim programs for all ages that include lessons, water safety, and coached competitive swimmers. There are approximately 2,200 individuals in the various programs. General fitness and water aerobics for all ages in which approximately 200 individuals participate.
Form 990s for MAC
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-08 | Jan 30, 2020 | 990 | View PDF |
| 2018-08 | Oct 12, 2019 | 990 | View PDF |
| 2017-08 | Oct 16, 2018 | 990 | View PDF |
| 2016-08 | Oct 12, 2017 | 990 | View PDF |
| 2015-08 | Nov 1, 2016 | 990 | View PDF |
| ...and six more Form 990 PDFs |
Financials for MAC
| Field | 2019 | 2018 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $232,598 | $291,520 | -20.2% |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $232,598 | $291,520 | -20.2% |
| Field | 2019 | 2018 | % Change |
|---|
| Total grants, contributions, etc. | $232,598 | $291,520 | -20.2% |
| Program services | $4,187,672 | $4,101,028 | 2.1% |
| Investment income and dividends | $0 | $0 | |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $17,019 | $8,884 | 91.6% |
| Net gain from sale of non-inventory assets | $0 | $0 | |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $630,614 | $527,801 | 19.5% |
| Miscellaneous revenues | $0 | $0 | |
| Total revenues | $5,067,903 | $4,929,233 | 2.8% |
| Field | 2019 | 2018 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $120,000 | $125,000 | -4.0% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $1,915,921 | $1,540,392 | 24.4% |
| Pension/retirement accruals and contributions | $40,359 | $79,401 | -49.2% |
| Other employee benefits | $169,064 | $231,489 | -27.0% |
| Payroll taxes | $183,198 | $133,689 | 37.0% |
| Management fees | $0 | $0 | |
| Legal fees | $7,853 | $2,080 | 277.5% |
| Accounting fees | $8,350 | $11,679 | -28.5% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $43,653 | $14,769 | 195.6% |
| Advertising and promotion | $1,776 | $3,443 | -48.4% |
| Office expenses | $24,216 | $13,564 | 78.5% |
| Information tech. expenses | $43,185 | $0 | 999% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $814,816 | $848,867 | -4.0% |
| Travel | $21,943 | $90,603 | -75.8% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $0 | |
| Interest | $37,397 | $0 | 999% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $127,928 | $111,114 | 15.1% |
| Insurance | $25,904 | $38,769 | -33.2% |
| All other expenses | $1,554,914 | $1,366,172 | 13.8% |
| Total expenses | $5,140,477 | $4,611,031 | 11.5% |
| Field | 2019 | 2018 | % Change |
|---|
| Cash (non-interest-bearing) | $406,873 | $703,760 | -42.2% |
| Savings, short-term investments, etc. | $45,917 | $66,491 | -30.9% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $183,403 | $116,401 | 57.6% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $526,330 | $403,105 | 30.6% |
| Prepaid expenses and deferred charges | $107,184 | $45,871 | 133.7% |
| Buildings, equipment, etc. post-depreciation | $1,508,223 | $1,611,267 | -6.4% |
| Investments, publicly traded securities | $0 | $0 | |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $142,133 | $0 | 999% |
| Other assets | $19,819 | $5,058 | 291.8% |
| Total assets | $2,939,882 | $2,951,953 | -0.4% |
| Field | 2019 | 2018 | % Change |
|---|
| Accounts payable and accrued expenses | $319,690 | $136,166 | 134.8% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $315,435 | $320,506 | -1.6% |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $860,383 | $899,046 | -4.3% |
| Unsecured notes and loans payable to unrelated third parties | | $79,287 | -47.1% |
| Other liabilities | $0 | $0 | |
| Total liabilities | $1,495,508 | $1,435,005 | 4.2% |
| Field | 2019 | 2018 | % Change |
|---|
| Unrestricted net assets | $1,372,144 | $1,437,365 | -4.5% |
| Temporarily restricted net assets | $72,230 | $79,583 | -9.2% |
| Permanently restricted net assets | $0 | $0 | |
Vendors for MAC
| Vendor | Services | Amount paid | Date |
|---|
| WordPress | Content management system software | | 2020-09-04 |
| ██████ █████ ███ ████ | Tax accounting | | 2019-12-05 |
| ██████████████████ ███ | Tax accounting | | 2014-07-25 |
Personnel at MAC
| Name | Title | Compensation | Most recent data |
|---|
| Martha Hocutt | Swim School Director | - | Aug. 9, 2020 |
| Eric Lane | Director of Competitive | - | Aug. 9, 2020 |
| █████ ████████ ███████ | Director and South Lead Masters Coach | - | Aug. 9, 2020 |
| ████████ ██████ | Board Member | $120,000 | Jan. 30, 2020 |
| █████ █████ | Chief Executive Officer and Member | $211,888 | Aug. 31, 2017 |
| ██████ █████ | Cdo | $0 | July 28, 2015 |
| ███████ ██████ | President | $0 | Aug. 31, 2014 |
Peer swimming leagues and clubs
| | Name | Type | Revenue | Location |
|---|
| 1 | Marlins of Raleigh | 501(c)(3) | $1.9 million | Raleigh, NC |
| 2 | Willamette United Football Club | 501(c)(3) | $1.3 million | West Linn, OR |
| 3 | Mission Viejo Nadadores (MVN) | 501(c)(3) | $3.3 million | Mission Viejo, CA |
| 4 | Burlingame Aquatic Club (BAC) | 501(c)(3) | $1.4 million | Burlingame, CA |
| 5 | Community Rowing Incorporated (CRI) | 501(c)(3) | $5.6 million | Brighton, MA |
| 6 | Deanza Cupertino Aquatics | 501(c)(3) | $4.6 million | San Jose, CA |
| 7 | Irvine Novaquatics | 501(c)(3) | $3.3 million | Irvine, CA |
| 8 | Oregon Gymnastics Academy | 501(c)(3) | $2.2 million | Beaverton, OR |
| 9 | The Fish Swimteam | 501(c)(3) | $1.6 million | Fairfax, VA |
| 10 | Saratoga Rowing Association | 501(c)(3) | $1.4 million | Saratoga SPGS, NY |
| 11 | Lakeside Aquatic Club | 501(c)(3) | $1.9 million | Flower Mound, TX |
| 12 | Capitol Sea Devils Swim Team | 501(c)(3) | $1.3 million | Sterling, VA |
| 13 | Santa Clara Swim Club | 501(c)(3) | $4.3 million | Santa Clara, CA |
| 14 | Dad's Club Swim Team | 501(c)(3) | $2.1 million | Houston, TX |
| 15 | Golden State Gymnastics | 501(c)(3) | $1.4 million | Burbank, CA |
| 16 | Cypress-Fairbanks Swim Club | 501(c)(3) | $1.6 million | Cypress, TX |
| 17 | Head of the Charles Regatta (HOCR) | 501(c)(3) | $3.5 million | Cambridge, MA |
| 18 | Katy Aquatics | 501(c)(3) | $2.2 million | Katy, TX |
| 19 | Swim Rva | 501(c)(3) | $2.7 million | Richmond, VA |
| 20 | San Antonio Force | 501(c)(3) | $1.3 million | San Antonio, TX |
| 21 | USA Ultimate | 501(c)(3) | $4.5 million | Colorado Springs, CO |
| 22 | USA Water Ski and Wake Sports | 501(c)(3) | $1.7 million | Polk City, FL |
| 23 | Sammamish Rowing Association | 501(c)(3) | $1.5 million | Redmond, WA |
| 24 | Quicksilver Swimming | 501(c)(3) | $1.3 million | San Jose, CA |
| 25 | Sail Newport | 501(c)(3) | $5.5 million | Newport, RI |