NonprofitsIrvine Youth Water Polo Corporation

Recreation & Sports

Irvine Youth Water Polo Corporation

LAGUNA NIGUEL, CA

Total revenue

$1.9M

Total expenses

$2.0M

Net assets

Grants received

EIN

205539614

Tax year

2024

Mission

The specific purpose of this corporation is for water polo instruction, practices, and tournament competition for youths between the ages of six and eighteen.

Programs

2 programs

Water Polo Instruction and Training. We offer monthly or quarterly options, and a 2-week trial for those new to the sport in order to teach skills and competition strategy at the introductory, beginner, intermediate and advanced levels. We strive with our youth athletes to instill sportsmanship and a positive teamwork ethic along with the importance of academics, which we hope they will carry with them throughout their lives. We also assist our members with matriculation into institutions of higher learning through education of the matriculation process, prowess within the sport, and emphasis on the importance of academic excellence. Revenue shown in this section is for training and competition fees in order to support coaching costs of training and competitions, and entry fees for events. The negative return in this section for 2020 is due to the Covid pandemic. In 2021 we were gradually allowed to reopen, however combined with another non-profit entity in order to survive. We did go to months of Virtual Training until we could gradually get back to in-water training, but in order to fully support this aspect of our Mission and Program Service Accomplishments we have combined training and competition efforts with another 501c3 entity, North Irvine Water Polo Club. In 2022 our merged training with North Irvine WPC continued. We continued combined training and competition with North Irvine in 2023. This combined training and competition continued throughout 2024.

Expenses: $58K

National Junior Olympics. This exempt Program Servce could be included in Water Polo Tournament Competitions, but due to its size, and not hosting this event annually, we show it separately. In years where we do host this event for USA Water Polo, as in 2019, our gross income and expenses both rise substantially. When we do not host this event, we are asked to support it, however as this event was not held in 2020 due to the Covid pandemic, we showed a net loss for this year as we have carryover expenses from 2019 paid for in 2020. In 2021 we were allowed to host this event in a modified manner with only California teams allowed to participate, and we will have expenses for this event carried into 2022. We indeed had expenses that carried over into 2022 for National Junior Olympics held in 2021. In 2023 we hosted Junior Olympics once again, however a large part of the income and expense shifted to USA Water Polo. We did have some carry over expenses from 2023 into 2024.

Expenses: $56K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.9M
Investment income
Other revenue
Total revenue$1.9M

Expenses

Grants paid
Salaries & benefits$92K
Fundraising
Other expenses$1.9M
Total expenses$2.0M
Total assets$41K
Net assets

People

5 listed

NameRoleCompensation

Nicholas J Baba

President & CEO

Board

$92K

0

Peter Barbrick

Controller

Board

0

Ed Carrera

Director

Board

0

Bradley Schumacher

Director

Board

0

Victoria Hallam

Secretary

Board

0

Details

EIN205539614
NTEE codeN67
Subsection03
Ruling date2007-09
Formed2006
Employees0
Volunteers76
IRVINE YOUTH WATER POLO CORPORATION — Mission, Financials & Grants Received | Grantivo