Elite Aquatics Sports Team Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
ELITE AQUATICS SPORTS TEAM IS DEDICATED TO GIVING BACK TO THE COMMUNITY BY OFFERING YEAR ROUND COMPREHENSIVE AQUATICES PROGRAMS TO THOSE OF ALL AGES
- Income
- $468,281
- Spending
- $463,135
- Spent on programs
- 92%
- Reserves
- 0.5 months of spending
- Largest source of income
- fees for its services, 57%
- Employees
- 34
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 56 out of 100. Higher than 18% of charities in its peer group (recreation and sports, $250k to $1m).
Reserves
4 of 35Spendable reserves would cover 0.5 months of spending.
Debt
10 of 20It owes 44% of what it owns.
Living within its means
12 of 15Income exceeded spending by 1% of income.
Income trend
15 of 15Income rose 16% on the year before.
Spending floor
15 of 1592% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 38 out of 100. Higher than 13% of charities in its peer group (recreation and sports, $250k to $1m).
Independent board
5 of 251 of 3 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $356,035 spent. COACHING AND SWIM TRAINING FOR PERSONS OF ALL AGES INCLULDING SWIMMING AND WATER POLO. PROGRAM REVENUE IS FUNDED THROUGH MEMBERSHIP DUES OF $197,775 AS WELL AS PROGRAM REVENUE. EXPENSES: PAYROLL $311,899 FACILITIES USAGE $ 25,839 OTHER $12,634 SUPPLIES $ 3,603 TRAVEL $ 2,060
- $37,753 spent. MISCELLANEOUS PROGRAMS AND CLINICS
- $32,778 spent. PARTICIPATING, HOSTING AND SPONSORING OF SWIM MEETS FOR AQUATIC EVENTS TEAM MEMBERS. SWIM MEETS HOSTING EXPENSES $ 24,827 SWIM MEETS ENTRY FEES 4,285 TEAM ACTIVITIES 3,666
- $870 spent. WATER POLO COACHING AND TRAINING TO IMPROVE SKILL SET.WATER POLO HOSTING EXPENSES $ 870WATER POLO ENTRY FEES 700
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.