NEWJETS, INC. (dba Aquajets Swim Team)
Aquajets Swim Team (Newjets, Inc.) is organized exclusively for charitable and educational purposes to promote amateur youth sports by providing a nationally competitive, amateur youth swim team that advances athletic development and enjoyment for its members.
About NEWJETS, INC. (dba Aquajets Swim Team)
Newjets, Inc., doing business as Aquajets Swim Team, is a Minnesota-based 501(c)(3) youth sports nonprofit headquartered in Eden Prairie, MN (founded/IRS ruling year 2007). The organization operates a competitive swim program offering professional coaching, dryland training, scholarships, and hosts USA Swimming–sanctioned meets for youth swimmers across the region. The EIN provided (20-5956938) matches public nonprofit registries and recent Form 990 filings under Newjets, Inc.; the organization is listed in nonprofit databases and appears donor-facing with an active website and local fundraising presence. Recent filings (most recent public Form 990 series) show the organization operating at roughly seven-figure program scale with continued program activity, meet hosting, and community fundraising. Programs emphasize athlete development and character (their stated HAPIE values: Humility, Accountability, Perseverance, Integrity, Empathy), scholarship support to increase access, and running competitive swim meets that serve the Minnesota swimming community and surrounding areas.
Notable achievements
Sustained program scale and financial activity
In recent Form 990 filings the organization reported program-scale revenue in the low millions and continues to operate multiple program lines (coaching, meets, dryland) demonstrating sustained year-to-year operational activity and participant services.
Hosts USA Swimming–sanctioned meets
Aquajets regularly organizes and hosts sanctioned swim meets that provide competitive opportunities for youth athletes across Minnesota and the region, supporting talent development and local swim competition infrastructure.
Secured competitive-sport grants and community fundraising
The organization has obtained grants and local support (including USA Swimming–related grants and community fundraising campaigns) that supplement program revenue and scholarship support for swimmers in need.
At a glance
- Total assets
- $6.7M
- Annual revenue
- $1.3M
- Tax status
- 501(c)(3)Public charity
- EIN
- 20-5956938
- Location
- Eden Prairie, MN
- Website
- www.aquajets.com
- On Mahalo since
- May 2026
Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.
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