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CEDAR RAPIDS AQUATICS ASSOCIATION

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Tax-exempt status may be revoked

CEDAR RAPIDS AQUATICS ASSOCIATION

EIN 42-1328238 · Swimming & Other Water Recreation (N67)

What they do

THE CEDAR RAPIDS AQUATICS ASSOCIATION (CRAA) is A COMPETITIVE USA SWIMMING PROGRAM THAT EMPHASIZES HARD WORK, DEDICATION, TIME MANAGEMENT, SPORTSMANSHIP, and TEAMWORK, EMPOWERING INDIVIDUALS to BE SUCCESSFUL IN LIFE THROUGH EXCELLENCE IN SWIMMING.

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

55.62%of revenue went to mission work29.7% of expenses · Program services
$187.51spent for every $100 of revenueSpending was higher than revenue this year.
$4.99in assets for every $1 spent this yearSome assets cannot be spent right away.
0.7%of its money came from giftsOther money may come from services or investments.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $7,911 this year. Ask whether that was planned or caused by a one-time event.

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Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,040
Mission workProgram services$5,02855.62% of revenue29.7% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$16,951187.51% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2019CurrentExpense mix: 29.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 187.51% of revenue
2018Expense mix: 31.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 246.47% of revenue
2017Expense mix: 69.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 148.15% of revenue
2016Expense mix: 99.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 228.02% of revenue
2015Expense mix: 99.9% mission · 0.1% management · 0.0% fundraisingTotal expenses: 88.39% of revenue

Money in and money out

Revenue$9,040
Expenses$16,951
Annual shortfall $7,911 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,028 · 29.7% of expenses
See all reported dollar amounts
Revenue$9,040
Expenses$16,951
Assets$84,554
Income$9,040
Contributions$63
Mission work (program services)$5,028
People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (7)

BRENTON HAKESVICE PRESIDENT

BRIAN TURNERDIRECTOR

JEFF MACHOTREASURER

JENNY MATTADIRECTOR

NANCY WITTSTRUCKDIRECTOR

SUSAN REPKOPRESIDENT

TARA MACHOSECRETARY

About this charity

Location
601 2nd AVE SE, CEDAR RAPIDS, IA 52401
County
Linn
In care of
SUSAN REPKO
Primary officer
SUSAN REPKO, President

How to reach them

Filing and classification

Latest tax year
2019
Tax period began
September 1, 2019
Return type
990EZ
Tax preparer
PEARSON & ASSOCIATES PC
NTEE classification
Swimming & Other Water Recreation (N67)
IRS tax category
Swimming & Other Water Recreation
Revocation date
January 15, 2024

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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