THUNDER INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THUNDER INC (EIN 20-3940477)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202323199349326762
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-15T18:19:48-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN412120441PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MARK W MCBRYDE CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17520 CAPITAL DR STE 101AddressLine1Txt
CityGERMANTOWNCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38138ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203940477EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THUNDER INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTHUNBusinessNameControlTxt
Phone9017343786PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11880 WOLF RIVER BLVDAddressLine1Txt
CityCOLLIERVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP38017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAMY MCCOYPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9017343786PhoneNum
Signature2023-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAMYPersonFirstNm
Person LastMCCOYPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARK MCBRYDEPreparerPersonNm
PTINP00517840PTIN
Phone9017563975PhoneNum
Preparation2023-11-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPETE NALDOZAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line18918 CARDCROSS COVEAddressLine1Txt
CityGERMANTOWNCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38139ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$396,525GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MEMPHISTHUNDER.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2005FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionTO INSALL THE QUALITIES NECESSARY TO MAKE STUDENT ATHLETES THE LEADERS OF TOMORROW THROUGH AMATEUR SWIM COMPETITIONS. TRAINING SWIMMERS FROM AGE 5- 18 ON LOCAL, STATE & NATIONAL LEVELS. THE TEAM CONSISTS OF APPROXIMATELY 150 MEMBERS WITH APPROXIMATELY 750 YOUTH PARTICIPATING IN SWIMMING.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$271,975PYContributionsGrantsAmt
CY Contributions Grants$255,865CYContributionsGrantsAmt
PY Program Service Revenue$114,087PYProgramServiceRevenueAmt
CY Program Service Revenue$137,479CYProgramServiceRevenueAmt
PY Investment Income$17PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue-$789PYOtherRevenueAmt
CY Other Revenue-$442CYOtherRevenueAmt
PY Total Revenue$385,290PYTotalRevenueAmt
CY Total Revenue$392,902CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$200,041PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$190,558CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$129,077PYOtherExpensesAmt
CY Other Expenses$133,138CYOtherExpensesAmt
PY Total Expenses$329,118PYTotalExpensesAmt
CY Total Expenses$323,696CYTotalExpensesAmt
PY Revenues Less Expenses$56,172PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$69,206CYRevenuesLessExpensesAmt
Total Assets BOY$67,990TotalAssetsBOYAmt
Total Assets EOY$136,547TotalAssetsEOYAmt
Total Liabilities BOY$3,855TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,206TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$64,135NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$133,341NetAssetsOrFundBalancesEOYAmt
MissionTHE PURPOSES OF THE CORPORATION ARE TO INSTILL THE QUALITIES NECESSARY TO MAKE STUDEN-ATHLETES THE LEADERS OF TOMORROW THROUGHT THE SPORT OF SWIMMING.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$307,299ExpenseAmt
Revenue$137,479RevenueAmt
DescAMATEUR SWIM TEAM COMPETITIVE SWIMMING AND TRAINING OF SWIMMERS AGES 6-18 WITH COMPETITIONS ON THE LOCAL, STATE AND NATIONAL LEVEL. THE TEAM CONSISTS OF APPROXIMATELY 160 MEMBERS WITH APPROXIMATELY 750 PARTICIPATING IN SWIM EVENTS.Desc
Total Program Service Expenses$307,299TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee4EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonAMY MCCOYPersonNm
Phone9017343786PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1569 EAST WINDING WOOD CIRCLEAddressLine1Txt
CityCOLLIERVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP38017ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
DANIEL C SCHULTZ
DIRECTOR/COA40.00Yes (X)$70,000$0$0
AMY MCCOY
TREASURER4.00Yes (X)$0$0$0Yes (X)
PETE NALDOZA
PRESIDENT4.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$70,000TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$214,535MembershipDuesAmt
All Other Contributions$41,330AllOtherContributionsAmt
Total Contributions$255,865TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SWIM MEET FEES$108,703$108,703
MSSL CHAMPIONSHIP$11,285$11,285
STROKE CLINIC$9,900$9,900
HS COUNTY CHAMPIONSHIP$4,726$4,726
SERVICE HOUSE$2,865$2,865
FieldValueIRS element (for citing)
Total Program Service Revenue$137,479TotalProgramServiceRevenueAmt
Gross Sales Of Inventory$3,181GrossSalesOfInventoryAmt
Cost Of Goods Sold$3,623CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$442TotalRevenueColumnAmt
Related Or Exempt Func Income-$442RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$392,902TotalRevenueColumnAmt
Related Or Exempt Func Income$137,037RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$70,000TotalAmt
Program Services$63,000ProgramServicesAmt
Management And General$7,000ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$107,012TotalAmt
Program Services$107,012ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$13,546TotalAmt
Program Services$13,011ProgramServicesAmt
Management And General$535ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$8,084TotalAmt
Management And General$8,084ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$50TotalAmt
Program Services$50ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$722TotalAmt
Program Services$650ProgramServicesAmt
Management And General$72ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$791TotalAmt
Program Services$712ProgramServicesAmt
Management And General$79ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$20,748TotalAmt
Program Services$20,748ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$397TotalAmt
Program Services$397ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4TotalAmt
Management And General$4ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,000TotalAmt
Program Services$4,000ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$953TotalAmt
Program Services$953ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
MEET FEES & EXPENSES$84,196$84,196
BANK FEES$6,226$5,603$623
REIMBURSEMENTS$3,853$3,853
USA SIMMER REGISTRATION$2,807$2,807

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$307TotalAmt
Program Services$307ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$323,696TotalAmt
Program Services$307,299ProgramServicesAmt
Management And General$16,397ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$48,032BOYAmt
EOY$111,997EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,881BOYAmt
EOY$4,926EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$107,236LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$87,612LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$14,077BOYAmt
EOY$19,624EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$67,990BOYAmt
EOY$136,547EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,855BOYAmt
EOY$3,206EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,855BOYAmt
EOY$3,206EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$12,530BOYAmt
EOY$12,530EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$51,605BOYAmt
EOY$120,811EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$64,135BOYAmt
EOY$133,341EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$67,990BOYAmt
EOY$136,547EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$69,206ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year$255,865CurrentTaxYearAmt
Total$255,865TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year$140,660CurrentTaxYearAmt
Total$140,660TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year$396,525CurrentTaxYearAmt
Total$396,525TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$396,525PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year$396,525CurrentTaxYearAmt
Total$396,525TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$107,236OtherCostOrOtherBasisAmt
Depreciation$87,612DepreciationAmt
Book Value$19,624BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$19,624TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BAFTER THE FORM 990 IS RECEIVED FROM THE PREPARER. THE PRESIDENT AND TREASURER REVIEW THE RETURN BEFORE FILING. SUBSEQUENTLY, THE RETURN IS PRESENTED FOR FURTHER REVIEW AT THE NEXT MEETING OF THE BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 19THE ANNUAL FORM 990 IS MADE AVAILABLE ON THE TENNESSEE STATE ATTORNEY GENERAL'S WEBSITE. A COPY IS AVAILABLE FOR REVIEW AT THE ORGANIZATION'S OFFICE OR BY WRITTEN REQUEST.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.