The most common organizational model for swim teams in the United States is the non-profit or not for profit corporation. This legal structure allows a team to maintain tax-exempt status.
The Internal Revenue Code Section 501(c)(3) extends tax exempt benefits to organizations formed for religious, charitable, literary, scientific or educational purposes (swim teams fall under this purpose). If a corporation is tax-exempt under Section 501(c)(3), not only is it free from paying taxes on income, but people and organizations who contribute to the nonprofit corporation can take a tax deduction for their contributions.
Swim teams organized as non-profit corporations must be governed by a board of directors. In some cases, this board consists of swim team parents, although other interested and willing volunteers could also serve on the board. Typically, the head coach serves as the chief executive with prime responsibility for managing day-to-day “dry-side” operations and total responsibility for developing and leading the swimming or “wet-side” of the program. In some small team situations, volunteer officers may manage the day-to-day business of the organization.
You can take the Club Leadership and Business Management School online 101 course, and/or plan to attend a Club Leadership and Business Management School 201 in-person course when it is offered in your area.