Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 102,817 | 201,329 | 126,041 | 164,141 | 138,428 | 732,756 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 102,817 | 201,329 | 126,041 | 164,141 | 138,428 | 732,756 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 421,750 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 311,006 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 102,817 | 201,329 | 126,041 | 164,141 | 138,428 | 732,756 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 32 | 45 | 41 | 12 | 130 | |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | 732,886 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2020 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2020 |
(iii) Distributable Amount for 2020 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2020 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2020: | ||||
| a From 2015....... | ||||
| b From 2016....... | ||||
| c From 2017....... | ||||
| d From 2018....... | ||||
| e From 2019....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2020 distributable amount | ||||
|
i
Carryover from 2015 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2020 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2020 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2021. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2016..... | ||||
| b Excess from 2017..... | ||||
| c Excess from 2018..... | ||||
| d Excess from 2019..... | ||||
| e Excess from 2020..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | RACE SWAMI EXISTS TO EMPOWER YOUTH TO BE CHAMPIONS IN AND OUT OF THE WATER FOR A LIFETIME. WE PROVIDE OPPORTUNITIES IN SWIMMING FOR UNDERSERVED YOUTH FROM THE WEST SIDE OF SALT LAKE CITY. OUT GOAL IS TO DEVELOP OUR PARTICIPANTS PHYSICAL AND MENTAL HEALTH IN A FUN AND UNIQUE ENVIRONMENT, DEEPLY ROOTED IN SEFLT-DISCIPLINE, TEAMWORK, AND WHOLE-BODY AWAREMENSS. AT THE SAME, WE VALUE AND WELCOME THE RICH CULTURAL KNOWLEDGE AND EXPERIENCES OF THE YOUTH AND COMMUNITIES WE SERVE. RACE SWAMI IS A 501 (C) (3) NON PROFIT CLUB SERVICE THE ROSE PARK, GLENDALE AND NEIGHBORING COMMUNITIES OF SALT LAKE CITY'S WEST SIDE. |
| FORM 990, PAGE 2, PART III, LINE 4A | JANUARY TEN HIGH SCHOOL-AGED SWAMIS COMPETED IN THEIR RESPECTIVE HIGH SCHOOL STATE CHAMPIONSHIP MEETS (WEST, EAST, SKYLINE, AND JUDGE MEMORIAL) WITH A RECORD NUMBER OF TOP 10 FINISHES IN RACE SWAMI HISTORY. 25K GRANT AWARDED FROM GEORGE S. AND DOLORES DOR ECCLES FOUNDATION AND A RECORD HIGH 20,225 RAISED FROM RACE SWAMI'S 2019 ANNUAL APPEAL. FEBRUARY RACE SWAMI FINISHES 15TH OVERALL AT THE UTAH SENIOR STATE CHAMPIONSHIP MEET (15 AND OVER) HELD AT THE WASHINGTON RECREATION CENTER IN ST. GEORGE. MARCH AS ONE OF THE FEW COMMUNITY-FED SWIMMING PROGRAMS IN THE STATE, RACE SWAMI FINISHES AN IMPRESSIVE 10TH PLACE OVERALL (OUT OF MORE THAN 30 TEAMS STATEWIDE) AT THE UTAH AGE GROUP STATE CHAMPIONSHIPS (14 AND UNDER). RECORD NUMBER OF RACE SWAMI SWIMMERS (8) QUALIFY FOR THE PRESTIGIOUS SPEEDO FAR WESTERNS CHAMPIONSHIPS HELD IN SANTA CLARA, CA. APRIL RACE SWAMI UNVEILS ALL NEW WEB SITE AND TEAM BRANDING AS THE PROGRAM EXPANDS ITS SWIMMING AND ENRICHMENT OUTREACH, REMAINING AS UTAH SWIMMING'S ONLY ORGANIZATION SERVING UNDERREPRESENTED YOUTH. WITH COVID19 SHUTTING DOWN THE MAJORITY OF UTAH'S SCHOOLS AND BUSINESSES STATEWIDE, RACE SWAMI CONTINUES SERVING ITS YOUTH WITH FREE ONLINE TUTORING, ONLINE DRYLAND TRAINING, AND OFFERING ITS FAMILIES INFLUENTIAL GUEST SPEAKERS COVERING A NUMBER OF PERTINENT TOPICS. MAY RACE SWAMI RECEIVES 50K FROM SORENSON LEGACY FOUNDATION, MARKING THE EIGHTH CONSECUTIVE YEAR THE PROGRAM HAS RECEIVED SUPPORT FROM THE FOUNDATION. RACE SWAMI RESUMES ITS ANNUAL SWAMI SPEAKER SERIES FEATURING GUEST SPEAKERS INCLUDING PRO QUARTERBACK AND UTE ALUM ALEX SMITH, JAZZ COACH JOHNNIE BRYANT, WINEMAKER/ENTREPRENEUR AMELIA CEJA, BESTSELLING AUTHOR JULIE CHECKOWAY, A SPORTS NUTRITIONIST PANEL FROM INTERMOUNTAIN HEALTHCARE, AND SEVERAL OF OTHER SPEAKERS RAISED IN THE WEST SIDE COMMUNITIES OF SALT LAKE. RACE SWAMI RECOGNIZED AS A USA SWIMMING "SAFE SPORT" CERTIFIED PROGRAM, IMPLEMENTING IMPORTANT TEAM POLICIES THAT ENFORCE AND MONITOR THE SAFETY AND WELLBEING OF ALL ITS ATHLETES AND STAFF. JUNE SWAMIS RETURN TO THE WATER WITH A PLETHORA OF SESSIONS COMPRISED OF NO MORE THAN 12 SWIMMERS PER SESSION, THE SWAMIS ARE ELATED TO BE BACK TRAINING IN THE WATER WITH SAFE AND EFFECTIVE SWIM PRACTICES, AND ENJOYING THE EXERCISE WHILE REENGAGING WITH THEIR TEAMMATES. SWAMI'S ANNUAL SUMMER BOOK CLUB KICKS OFF ANOTHER SEASON WITH THREE VARYING GROUPS (HIGH SCHOOL, MIDDLE SCHOOL, AND ELEMENTARY SCHOOL) ENCOMPASSING MORE THAN 30 KIDS. THE 8-WEEK COURSES FEATURE AGE-APPROPRIATE POPULAR BOOK SELECTIONS, WRITTEN BY PEOPLE OF COLOR WITH TOPICS COVERING RACIAL INJUSTICE, CIVIL RIGHTS AND INSPIRING STORIES. RACE SWAMI GRADUATES SIX SWAMIS FROM AREA SCHOOLS. ALL SIX GRADUATES WILL BE ATTENDING COLLEGES AND UNIVERSITIES IN THE FALL. SINCE RACE SWAMI'S FOUNDING THE PROGRAM HAS A 100% GRADUATION RATE WITH ALL STUDENT-ATHLETES CONTINUING ON TO COLLEGES AND UNIVERSITIES- MANY OF WHOM ARE THE FIRST IN THEIR RESPECTIVE FAMILY TO DO SO. JULY RACE SWAMI HOSTS TWO INTRASQUAD "VIRTUAL MEETS." THE KIDS ENJOY THE FUN AND COMPETITION WITH THEIR TEAMMATES, AND THERE ARE SEVERAL PERSONAL BEST TIMES POSTED DURING THE MEETS- AFTER JUST EIGHT WEEKS OF TRAINING IN THE WATER COACH MATT FINNIGAN IS FEATURED IN THE SUMMER EDITION OF NISCA'S MAGAZINE FOR HIS WORK IN FIGHTING SOCIAL INJUSTICE AND EXCLUSION IN COMPETITIVE SWIMMING. NISCA IS A PROFESSIONAL ORGANIZATION THAT SUPPORTS HIGH SCHOOL AND CLUB COACHES OF ALL AQUATIC SPORTS IN THE UNITED STATES. AUGUST RACE SWAMI RECEIVES "CLUB RELIEF" GRANT FROM USA SWIMMING TO HELP FAMILIES IN NEED OF FINANCIAL ASSISTANCE. THE GRANT IS APPLIED TOWARDS MEMBERSHIP TUITION AND ANNUAL DUES FOR THE NEEDIEST SWAMI FAMILIES. RACE SWAMI CLOSES OUT THE SUMMER BOOK CLUB GROUPS, HAVING HAD MORE THAN 30 KIDS PARTICIPATE. THE HIGHEST "READERSHIP AWARD" WAS GIVEN TO 4TH GRADER MADELEINE STOLZ, WHO READ MORE THAN 10,000 PAGES, SPANNING 22 BOOKS, THROUGHOUT THE SUMMER (WOW). SEPTEMBER/OCTOBER THE RACE SWAMI SWIMMING & ENRICHMENT PROGRAM BEGINS FALL TRAINING AND HAS MADE PLANS TO PARTICIPATE IN A SERIES OF "VIRTUAL MEETS" WITH OTHER OUTREACH SWIMMING PROGRAMS FROM AROUND THE COUNTRY, INCLUDING OUTREACH TEAMS FROM OHIO, NEW YORK CITY, WASHINGTON DC AND DETROIT. EXECUTIVE DIRECTOR AND HEAD COACH MATT FINNIGAN IS APPOINTED BY USA SWIMMING TO THE DIVERSITY, EQUITY AND INCLUSION COUNCIL, A NEW NATIONAL COMMITTEE COMPRISED OF 20 PEOPLE DEDICATED TO CREATING A LONG-TERM ACTION PLAN TO PROVIDE EXPERTISE AND STRATEGIC GUIDANCE TO THE NATIONAL GOVERNING BODY REGARDING DIVERSITY, EQUITY AND INCLUSION IN THE SPORT. |
| FORM 990, PAGE 6, PART VI, LINE 2 | MATT FINNEGAN MARY CHRIS FINNIGAN SPOUSES |
| FORM 990, PAGE 6, PART VI, LINE 11B | A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING. ANY COMMENTS OR QUESTIONS ARE INCORPORATE AND RESOLVED BEFORE THE FORM 990 IS FILED. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF DIRECTORS MEETS TO DISCUSS THE EXECUTIVE DIRECTOR'S SALARY AND USES COMPARABLE ORGANZATIONS WHEN DETERMINING THE SALARY. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE MADE AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST. |
| Software ID: | |
| Software Version: |