Nonprofit · EIN 46-2218011
AQUALYMPICS INC
Tax-exempt · FLUSHING, NY 11355
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $619,801 | $596,500 | $23,301 | $126,387 | $134,690 | -$8,303 |
| December 31, 2023 | 990 | $494,709 | $488,794 | $5,915 | $114,174 | $145,778 | -$31,604 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $619,801
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $277,165
- Salaries, compensation and benefits (total)
- $305,024
- Professional fundraising fees
- $0
- Accounting fees
- $2,900
- Occupancy
- $36,000
- Travel
- $5,019
- Program services (functional)
- $583,681
- Management and general (functional)
- $12,819
Balance sheet and other
- Total assets, start of year
- $114,174
- Total assets, end of year
- $126,387
- Total liabilities, end of year
- $134,690
- Net assets, end of year
- -$8,303
- Gross receipts
- $619,801
- Employees
- 38
- Volunteers
- 2
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WING SUNG CHAN | Secretary Trustee or director, Officer | 2 | $0 |
| TIFFANY YIP | President Trustee or director, Officer | 15 | $0 |
| SELINA TAI | Treasurer Trustee or director, Officer | 8 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WING SUNG CHAN | Secretary Trustee or director, Officer | 2 | $0 |
| TIFFANY YIP | President Trustee or director, Officer | 15 | $0 |
| SELINA TAI | Treasurer Trustee or director, Officer | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 14912 HAWTHORNE AVE, FLUSHING, NY 11355-1717
- Principal officer (990 for 2024)
- SELINA TAI, 149-12 HAWTHORNE AVE, FLUSHING, NY 11355
- Signed the 990
- SELINA TAI, Treasurer
- Return prepared by
- NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS
Mission
EDUCATE YOUTH ABOUT WATER SAFETY, LEARN TO SWIM AND COMPETITIVE SWIMMING.
Program accomplishments
- EDUCATE YOUTH ABOUT WATER SAFETY, LEARN TO SWIM AND COMPETITIVE SWIMMING.Expenses $583,681 · revenue $619,801
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2218011
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $126,387
- Income (IRS master file)
- $619,801
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $619,801 | $596,500 | $126,387 | XML |
| 990 | December 2023 | $494,709 | $488,794 | $114,174 | XML |
| 990 | December 2022 | $411,234 | $405,839 | $214,581 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990 | December 2016 | – | – | – | 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 46-2218011).
Questions about AQUALYMPICS INC
- What is the EIN of AQUALYMPICS INC?
- The employer identification number (EIN) of AQUALYMPICS INC is 46-2218011.
- Is AQUALYMPICS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to AQUALYMPICS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AQUALYMPICS INC 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 AQUALYMPICS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AQUALYMPICS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AQUALYMPICS INC?
- The 990 for the year ended December 31, 2024 names SELINA TAI.
- Who are the officers and directors of AQUALYMPICS INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does AQUALYMPICS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $619,801, expenses of $596,500 and total assets of $126,387 at year end.
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