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Nonprofit · EIN 22-2498619

RED WAVE SWIM TEAM

Tax-exempt · MONTCLAIR, NJ 07042

Financials

$880K$974K2022$1.1M$1M2023$1.3M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of RED WAVE SWIM TEAM by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$1,261,931$1,114,914$147,017$502,124$0$502,124
September 30, 2024990$1,134,094$1,000,902$133,192$355,107$0$355,107
September 30, 2023990$880,230$974,147-$93,917$221,915$0$221,915
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,234,970
Investment income
$5,318
Other revenue
$21,643

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$110,858
Salaries, compensation and benefits (total)
$110,858
Professional fundraising fees
$0
Accounting fees
$14,830
Program services (functional)
$1,094,054
Management and general (functional)
$20,860

Balance sheet and other

Total assets, start of year
$355,107
Total assets, end of year
$502,124
Total liabilities, end of year
$0
Net assets, end of year
$502,124
Net assets without donor restrictions
$502,124
Gross receipts
$1,261,931
Employees
12
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Ken O'ReillyPresident
Officer
30$110,858
Todd ColomboVice President
Officer
0$0
Monika O'ReillySecretary
Officer
0$0
990 for the year ended September 30, 2024: 3 people
NameTitleHours / weekCompensation
Ken O'ReillyPresident
Officer
30$101,166
Todd ColomboVice President
Officer
0$0
Monika O'ReillySecretary
Officer
0$0
990 for the year ended September 30, 2023: 3 people
NameTitleHours / weekCompensation
Ken O'ReillyPresident
Officer
30$97,316
Todd ColomboVice President
Officer
0$0
Monika O'ReillySecretary
Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 173, MONTCLAIR, NJ 07042-0173
In care of
% FEALHERSONE
Signed the 990
Ken O'Reilly, President
Return prepared by
Alperin Nebbia & Associates CPA PA

Mission

To provide and promote youth swimmers

990 for the year ended September 30, 2025

Program accomplishments

  • Swim Team consists of approximately 220 swimmers, ages 5-21, with abilities from beginner to world ranked. Also, swim meets are held by the Red Wave Swim Team. The swim meets are sanctioned by the U.S. Swimming Org.
    Expenses $1,094,054

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
22-2498619
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1987
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$502,124
Income (IRS master file)
$1,261,931

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$1,261,931$1,114,914$502,124XML
990September 2024$1,134,094$1,000,902$355,107XML
990September 2023$880,230$974,147$221,915XML
990September 2022$902,418$773,759$315,832IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2498619).

Questions about RED WAVE SWIM TEAM

What is the EIN of RED WAVE SWIM TEAM?
The employer identification number (EIN) of RED WAVE SWIM TEAM is 22-2498619.
Is RED WAVE SWIM TEAM tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to RED WAVE SWIM TEAM tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RED WAVE SWIM TEAM file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RED WAVE SWIM TEAM due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RED WAVE SWIM TEAM last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who are the officers and directors of RED WAVE SWIM TEAM?
The 990 for the year ended September 30, 2025 lists 3 people; 1 received compensation from the organization, the highest $110,858 (Ken O'Reilly, President).
How much revenue does RED WAVE SWIM TEAM have?
On its 990 for the year ended September 30, 2025 it reported revenue of $1,261,931, expenses of $1,114,914 and total assets of $502,124 at year end.

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