San Clemente City Council
December 6, 2022

Sep '22 - Aug 23
Ordinary Income/Expense
Income
Team Revenue
SC Barracuda Program 11,275.00
3051 · Swimmer Registration Fee 26,500.00
3520 · Meet Entry Fees 8,000.00
4003 · Monthly Dues (Regular) 351,000.00
SM-4010 · Swim Meets 45,000.00
Total Team Revenue 441,775.00
3052 · Service Hours 15,600.00
Total Income 457,375.00
Gross Profit 457,375.00
Expense
Equipment (Dry Land) 1,500.00
Scholarship/Swimmer Assistance 3,000.00
Travel Meet 1,500.00
GE-5000 · Team Expense
CE-6000 · Coaching Expense 278,778.20
CE-6950 · Travel Expense 10,000.00
FE-8000 · Facility Rental Expense 132,000.00
GE-5010 · Professional Expense-Legal 2,000.00
GE-5100 · Insurance 1,000.00
GE-5200 · Merchant Card Charges 15,000.00
OE-8000 · OFFICE/DECK EXPENSE 34,660.00
Total GE-5000 · Team Expense 473,438.20
Total Expense 479,438.20
Net Ordinary Income -22,063.20
Other Income/Expense
Other Income
4400 · BOOSTER CLUB
4401 · Fundraising 26,775.00
Total 4400 · BOOSTER CLUB 26,775.00
Total Other Income 26,775.00
Other Expense
Booster Club Account Expenses
Banquets 4,300.00
5:24 PM San Clemente Aquatic Team Corporation
08/30/22 Profit & Loss Budget Overview
Accrual Basis September 2022 through August 2023

$77$&+0(17
Sep '22 - Aug 23
Goodwill 100.00
Group Money 300.00
Swimmer Incentives 2,000.00
Team Social Events 4,200.00
Total Booster Club Account Expenses 10,900.00
Total Other Expense 10,900.00
Net Other Income 15,875.00
Net Income -6,188.20
5:24 PM San Clemente Aquatic Team Corporation
08/30/22 Profit & Loss Budget Overview
Accrual Basis September 2022 through August 2023

OMB No. 1545-0047
Form 990
Return of Organization Exempt From Income Tax 2021
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) G Open to Public Department of the Treasury Do not enter social security numbers on this form as it may be made public.

Internal Revenue Service G Go to Inspection www.irs.gov/Form990 for instructions and the latest information.

A For the 2021 calendar year, or tax year beginning , 2021, and ending , 20 B Check if applicable: D Employer identification number Address change
Name change E Telephone number
Initial return
Final return/terminated
Amended return G Gross receipts $
Application pending F Name and address of principal officer: H(a) Is this a group return for subordinates? Yes No H(b) Are all subordinates included? Yes No
If "No," attach a list. See instructions.

I Tax-exempt status: 501(c)(3) 501(c) (insert no.) 4947(a)(1) or 527 ()H J Website: G H(c) Group exemption number G
K Form of organization: Corporation Trust Association Other Year of formation: State of legal domicile: G LM Part I Summary
1 Briefly describe the organization's mission or most significant activities:
2 Check this box G if the organization discontinued its operations or disposed of more than 25% of its net assets. 3 Number of voting members of the governing body (Part VI, line 1a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Number of independent voting members of the governing body (Part VI, line 1b). . . . . . . . . . . . . . . . . . . . . . . 4 5 Total number of individuals employed in calendar year 2021 (Part V, line 2a) . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Total number of volunteers (estimate if necessary). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7a Total unrelated business revenue from Part VIII, column (C), line 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a b Net unrelated business taxable income from Form 990-T, Part I, line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7b Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Program service revenue (Part VIII, line 2g). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d). . . . . . . . . . . . . . . . . . . . . . . . . 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e). . . . . . . . . . . . . . . . 12 Total revenue ' add lines 8 through 11 (must equal Part VIII, column (A), line 12). . . . . 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3). . . . . . . . . . . . . . . . . . . . . . 14 Benefits paid to or for members (Part IX, column (A), line 4). . . . . . . . . . . . . . . . . . . . . . . . . . 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10). . . . . . 16a Professional fundraising fees (Part IX, column (A), line 11e). . . . . . . . . . . . . . . . . . . . . . . . . . b Total fundraising expenses (Part IX, column (D), line 25) G 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e). . . . . . . . . . . . . . . . . . . . . . . . . 18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25). . . . . . . . . . . . . 19 Revenue less expenses. Subtract line 18 from line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Beginning of Current Year End of Year
20 Total assets (Part X, line 16). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Total liabilities (Part X, line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Net assets or fund balances. Subtract line 21 from line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part II Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

A Date Sign
Here A Type or print name and title
Preparer's signature Date PTIN Check if
Paid self-employed
Preparer Firm's name G
Use Only Firm's address G Firm's EIN G
Phone no.

May the IRS discuss this return with the preparer shown above? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No BAA For Paperwork Reduction Act Notice, see the separate instructions. TEEA0101L 09/22/21 Form 990 (2021) C
SAN CLEMENTE AQUATIC TEAM CORPORATION 33-0112862
X
N/A
201,148. 274,680.
49,298. 0.
250,446. 274,680.
-84,304. 73,532.
350,919. 482,557.
154,598. 249,868.
196,321. 232,689.
266,615. 556,089.

16. 26.
266,599. 478,563.
77,500.

0. 0.
75 8
7 7
X 1975 CA
556,089.

PRESIDENT
X
X

SAN CLEMENTE AQUATIC TEAM IS AN USS

REGISTERED YEAR-ROUND COMPETITIVE SWIM TEAM OFFERING COMPETITIVE STROKE INSTRUCTION TO CHILDREN AGES 5-19.

SAME AS C ABOVE
OMB No. 1545-0047
Form 990
Return of Organization Exempt From Income Tax 2020
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) G Open to Public Department of the Treasury Do not enter social security numbers on this form as it may be made public.

Internal Revenue Service G Go to Inspection www.irs.gov/Form990 for instructions and the latest information.

A For the 2020 calendar year, or tax year beginning , 2020, and ending , 20 B Check if applicable: D Employer identification number Address change
Name change E Telephone number
Initial return
Final return/terminated
Amended return G Gross receipts $
Application pending F Name and address of principal officer: H(a) Is this a group return for subordinates? Yes No H(b) Are all subordinates included? Yes No
If "No," attach a list. See instructions
I Tax-exempt status: 501(c)(3) 501(c) (insert no.) 4947(a)(1) or 527 ()H J Website: G H(c) Group exemption number G
K Form of organization: Corporation Trust Association Other Year of formation: State of legal domicile: G LM Part I Summary
1 Briefly describe the organization's mission or most significant activities:
2 Check this box G if the organization discontinued its operations or disposed of more than 25% of its net assets. 3 Number of voting members of the governing body (Part VI, line 1a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Number of independent voting members of the governing body (Part VI, line 1b). . . . . . . . . . . . . . . . . . . . . . . 4 5 Total number of individuals employed in calendar year 2020 (Part V, line 2a) . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Total number of volunteers (estimate if necessary). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7a Total unrelated business revenue from Part VIII, column (C), line 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a b Net unrelated business taxable income from Form 990-T, Part I, line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7b Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Program service revenue (Part VIII, line 2g). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d). . . . . . . . . . . . . . . . . . . . . . . . . 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e). . . . . . . . . . . . . . . . 12 Total revenue ' add lines 8 through 11 (must equal Part VIII, column (A), line 12). . . . . 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3). . . . . . . . . . . . . . . . . . . . . . 14 Benefits paid to or for members (Part IX, column (A), line 4). . . . . . . . . . . . . . . . . . . . . . . . . . 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10). . . . . . 16a Professional fundraising fees (Part IX, column (A), line 11e). . . . . . . . . . . . . . . . . . . . . . . . . . b Total fundraising expenses (Part IX, column (D), line 25) G 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e). . . . . . . . . . . . . . . . . . . . . . . . . 18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25). . . . . . . . . . . . . 19 Revenue less expenses. Subtract line 18 from line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Beginning of Current Year End of Year
20 Total assets (Part X, line 16). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Total liabilities (Part X, line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Net assets or fund balances. Subtract line 21 from line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part II Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

A Date Sign
Here A Type or print name and title
Preparer's signature Date PTIN Check if
Paid self-employed
Preparer Firm's name G
Use Only Firm's address G Firm's EIN G
Phone no.

May the IRS discuss this return with the preparer shown above? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No BAA For Paperwork Reduction Act Notice, see the separate instructions. TEEA0101L 01/19/21 Form 990 (2020) C
SAN CLEMENTE AQUATIC TEAM CORPORATION 33-0112862
X
N/A
285,452. 201,148.
470. 49,298.
285,922. 250,446.
-3,888. -84,304.
410,866. 350,919.
189,817. 154,598.
221,049. 196,321.
406,978. 266,615.

82. 16.
406,896. 266,599.

0. 0.
75 14
3 3
X 1975 CA
266,615.

PRESIDENT
X
X

SAN CLEMENTE AQUATIC TEAM IS AN USS

REGISTERED YEAR-ROUND COMPETITIVE SWIM TEAM OFFERING COMPETITIVE STROKE INSTRUCTION TO CHILDREN AGES 5-19.

SAME AS C ABOVE
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