2024-09-13T14:47:18-05:00 2023-10-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2022-11-01 562247955 US NATIONAL WHITEWATER CENTER INC USNA 7043913900 5000 WHITEWATER CENTER PKWY CHARLOTTE NC 28214 BRIAN POLLACK TREASURER 7043913900 2024-09-13 1 1 KATHERINE A WARLICK P02065266 7049985200 2024-09-13 2022 2024-08-08 14:25:15Z JEFFREY T WISE 5000 WHITEWATER CENTER PKWY CHARLOTTE NC 28214 29078990 0 X WWW.USNWC.ORG X 2001 NC BUILDING STRONGER COMMUNITIES THROUGH HEALTHY AND ACTIVE LIFESTYLES, ENVIRONMENTAL STEWARDSHIP, AND FAMILY AND CIVIC INTERACTION. 7 7 1101 0 0 0 1169 251 27169041 24131985 17930 460524 2804682 3715772 29992822 28308532 0 0 0 0 9214133 10530030 0 0 0 13191354 13476563 22405487 24006593 7587335 4301939 66932911 67934788 4388863 3433092 62544048 64501696 X WHITEWATER IS AN OUTDOOR LIFESTYLE BRAND CENTERED ON THE PROMOTION, PROTECTION, AND MANAGEMENT OF RESOURCES SUPPORTING ACCESS TO RECREATIONAL EXPERIENCES. WHITEWATER'S MISSION IS TO FACILITATE ACCESS TO THIS LIFESTYLE BY LOWERING BARRIERS AND INSPIRING PEOPLE TO ENGAGE. THIS MISSION IS ROOTED IN THE BELIEF THAT ALL HUMAN BEINGS SHARE A GENETIC CODE THAT COMPELS US TO PLAY OUTSIDE. WHITEWATER PROVIDES ACCESSIBILITY TO A VARIETY OF THE BEST RECREATIONAL ACTIVITIES WITHIN THE SOUTHEASTERN UNITED STATES, INCLUDING WHITEWATER AND FLATWATER PADDLING, CLIMBING, RUNNING, CYCLING, HIKING, FISHING, AND MORE. 0 0 22330591 27813525 SEE SCHEDULE OTHE USNWC HOSTED APPROXIMATELY 1,133,000 INDIVIDUALS DURING FISCAL YEAR 2022-2023 TO ENGAGE IN AN ACTIVE HEALTHY LIFESTYLE. THESE INDIVIDUALS PARTICIPATED IN OVER 20 ACTIVITIES OFFERED ON THE 1,300 ACRES OF WOODLANDS PROTECTED ALONG THE CATAWBA RIVER. THE CAMPUS OFFERED OVER 50 MILES OF TRAILS AND HOSTED 8 FESTIVALS, 65 MUSIC EVENTS, AND 260 YOGA SESSIONS AT NO COST TO THE PUBLIC. IN ADDITION 38 RACE EVENTS WERE HELD. USWNC GUESTS INCLUDED GROUPS (E.G. CLUBS, SCOUTS, CHURCHES, MILITARY, SCHOOLS) AND INDIVIDUALS (E.G. FAMILIES, FRIENDS) THAT ENGAGED IN NUMEROUS RECREATIONAL ACTIVITIES AND TEAM-BUILDING EXCERCISES. THE OUTDOOR ACTIVITIES OFFERED INCLUDED WHITEWATER RAFTING, KAYAKING, PADDLEBOARDING, CLIMBING, ZIPLINES, ADVENTURE COURSES, MOUNTAIN BIKING, ICE SKATING, WHITEWATER KAYAKING, TEAM-BUILDING, CANOPY TOURS AND YOUTH CAMPS. ADDITIONALLY, THE CENTER PROVIDED SWIFTWATER RESCUE TRAINING FOR NUMEROUS FIRST RESPONDER AGENCIES FROM ACROSS THE UNITED STATES. 22330591 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 120 0 1101 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 X BRIAN POLLACK 7043913900 500 WHITEWATER CENTER PKWY CHARLOTTE NC 28214 BRIEN BOSWELL BOARD MEMBER & CHAIR 0.00 X X 0 0 0 LANCE KINERK BOARD MEMBER 0.00 X 0 0 0 RICK RAYBURN BOARD MEMBER 0.00 X 0 0 0 STRATFORD KIGER BOARD MEMBER 0.00 X 0 0 0 MIKE GUGGENHEIMER BOARD MEMBER 0.00 X 0 0 0 JIM PORTER BOARD MEMBER 0.00 X 0 0 0 SHARON BLALOCK BOARD MEMBER 0.00 X 0 0 0 JEFFREY WISE PRESIDENT 40.00 X 375198 0 18403 JEFFREY SHELTON CFO 40.00 X 301556 0 15466 JENNIFER VELIE DIRECTOR OF OPERATIONS 40.00 X 196462 0 5117 JESSE HYDE DIRECTOR OF MARKETING 40.00 X 176462 0 18297 MICHAEL KAFSKY DIRECTOR OF RISK MANAGEMENT 40.00 X 137654 0 7883 ANGELA BEVER DIRECTOR OF ACTIVITIES 40.00 X 118077 0 18605 SYLVAN FOX DIRECTOR OF FOOD AND BEVERAGE 40.00 X 115000 0 12279 1420409 0 96050 8 0 1 0 US FOODSERVICE PO BOX 602292 CHARLOTTE NC 28260 FOOD & BEVERAGE 1582143 AMERICAN ADVENTURE PARK SYSTEMS 205 HORSESHOE DAM RD WHITESBURG GA 30185 ZIPLINES 690451 RED TRUCK MEDIA 6401 CARMEL RD SUITE 108 CHARLOTTE NC 28226 ADVERTISING 413151 SPOTTED DOG TIMBER FRAMES LLC 140 CRAWLEY AVE NORWOOD NC 28128 CONSTRUCTION 407893 ADAMS OUTDOOR ADVERTISING PO BOX 809140 CHICAGO IL 60680 ADVERTISING 397908 22 251 251 ACTIVITIES 713940 22906341 22906341 RACES AND EVENTS 713990 660979 660979 OUTDOOR SCHOOLS AND CAMPS 713940 564665 564665 24131985 460524 460524 34232 0 34232 34232 34232 1627470 770458 857012 857012 GAIN ON DEBT RESTRUCTURING 900099 2299417 2299417 SERVICE FEES 713990 100000 100000 SPONSORSHIPS 541800 15770 15770 409341 409341 2824528 28308532 27813525 0 494756 710623 652897 57726 8776199 8063279 712920 502616 461787 40829 540592 496678 43914 169836 169836 199052 199052 316437 316437 1185304 1185304 819811 815886 3925 1508069 1492231 15838 71714 65260 6454 2407470 2407470 460485 460485 FOOD PURCHASES 2448315 2448315 REPAIRS AND MAINTENANCE 1876601 1876601 EVENTS 907398 907398 CREDIT CARD AND OTHER F 713423 685513 27910 392648 256483 136165 24006593 22330591 1676002 0 541500 218258 12024207 4016319 33729 760689 0 947005 1270283 900483 256846 24275970 7014036 44800954 17261934 0 10229145 6292805 0 665268 34648274 66932911 67934788 1955825 1456838 1974204 1976254 458834 4388863 3433092 X 62544048 64501696 62544048 64501696 66932911 67934788 X 4301939 -2344291 X 0 1 X 1 0 X 1013 2658 2488 1169 251 7579 21213488 16402476 26945629 27130641 25759455 117451689 21214501 16405134 26948117 27131810 25759706 117459268 0 0 0 117459268 23311 10385 2059 17930 494756 548441 23311 10385 2059 17930 494756 548441 30400 38400 0 68800 387817 506144 322250 2804682 2824528 6845421 21625629 16921663 27302826 29992822 29078990 124921930 0.94030 0.96140 0.00440 0.00000 X 7439017 7439017 7697143 736178 6960965 6428443 5299069 1129374 2711367 978789 1732578 17261934 OTHER CURRENT ASSETS 159103 RIGHT OF USE ASSETS 34489171 34648274 X 29078990 0 29078990 -770458 -770458 28308532 24777051 770458 770458 24006593 0 24006593 PART X, LINE 2: THE USNWC IS A NONPROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. THE SUBSIDIARIES ARE ORGANIZED AS SINGLE MEMBER LIMITED LIABILITY COMPANIES, WHOLLY OWNED BY THE USNWC. THE SUBSIDIARIES ARE TREATED AS DISREGARDED ENTITIES FOR FEDERAL TAX PURPOSES AND ARE INCLUDED AS PART OF THE USNWC'S TAX FILINGS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. WHITEWATER FOLLOWS THE PROVISIONS OF TOPIC 740 OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FASB ASC 740-10 PRESCRIBES A COMPREHENSIVE MODEL FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION, AND DISCLOSURE OF INCOME TAX UNDERTAINTIES WITH RESPECT TO POSITION, INCLUDING TAX-EXEMPT STATUS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. WHITEWATER HAS OPEN TAX YEARS FOR ITS REPORTING PERIODS ENDED DURING THE FISCAL YEARS ENDED 2021 THROUGH 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -770,458. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 770,458. X X X X X 0 0 0 0 0 0 0 0 0 JEFFREY WISE PRESIDENT 293054 0 70000 0 12144 0 0 0 18403 0 393601 0 0 0 JEFFREY SHELTON CFO 250556 0 51000 0 0 0 0 0 15466 0 317022 0 0 0 JENNIFER VELIE DIRECTOR OF OPERATIONS 156462 0 40000 0 0 0 0 0 5117 0 201579 0 0 0 JESSE HYDE DIRECTOR OF MARKETING 176462 0 0 0 0 0 0 0 18297 0 194759 0 0 0 PART I, LINE 3 INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS, AND COMPENSATION IN COMPARABLE ORGANIZATIONS ARE UTILIZED BY THE BOARD FOR CEO AND CFO COMPENSATION. CEO AND CFO SET OTHER EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER FORM 990, PART VI, SECTION B, LINE 12C REVIEWING ANNUAL DISCLOSURES SUBMITTED BY COVERED PERSONS, COMPILING AND MAINTAINING A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS, MATCH PROPOSED TRANSACTIONS AGAINST THE LIST TO IDENTIFY POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMMITTEE DETERMINES CEOS PAY. CEO DISCUSSES WITH COMPENSATION COMMITTEE THE PAY OF KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON EXTENGUISHMENT OF DEBT -2,299,000. DEFERRED REVENUE -45,291. 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