Overview
What is Dekalb Aquatics Swim Inc?
Dekalb Aquatics Swim Inc, based in Decatur, Georgia, is a nonprofit organization that leverages swimming as a means to foster character development in young individuals. Designated as tax-exempt under Section 501(C) (3) of the Internal Revenue Code, the organization serves approximately 220 youth swimmers. Its primary objective is to prepare student athletes from elementary school to high school to excel in local, state, regional, and national swimming competitions, following USA Swimming guidelines. Beyond competitive swimming, Dekalb Aquatics aims to shape young people into outstanding citizens by offering programs tailored to various ages and skill levels. The organization continually encourages team members to demonstrate behavioral excellence and academic achievement, both in and out of the pool. With a staff of 16, Dekalb Aquatics Swim Inc is dedicated to promoting diversity, currently boasting a gender ratio of 57% female and a 39% minority representation.
Official website here: www.daqswim.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while Dekalb Aquatics Swim Inc shows some strengths in its operations, there are significant areas for improvement, particularly in transparency and governance.
One of the nonprofit's strengths is its financial management, reflected in a program expense ratio of 82.78%, which suggests that a substantial portion of its expenses directly supports its mission. Additionally, the organization benefits from a fully independent board, with all members being independent and six members contributing to its governance. However, the lack of financial statements and several missing policies, such as a whistleblower policy and document retention policy, raises concerns about transparency and accountability.
Overall, while Dekalb Aquatics Swim Inc demonstrates commitment to its mission through effective program spending and governance structure, its two-star rating points to a need for enhanced transparency and adherence to best practices in nonprofit management. Addressing these limitations could improve its standing and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Dekalb Aquatics Swim Inc legitimate?
Dekalb Aquatics Swim Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dekalb Aquatics Swim Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $212,293
For more financial information, click here
Official website here: www.daqswim.com
What is the mission statement of Dekalb Aquatics Swim Inc?
Dekalb Aquatics Swim Inc, a competitive swim team recognized as tax-exempt under Section 501(C) (3) of the Internal Revenue Code, utilizes swimming as a tool to shape young individuals into becoming outstanding citizens. Their purpose is to train student-athletes from elementary school to high school, enabling them to participate in local, state, regional, and national swimming competitions according to USA Swimming's guidelines. In addition to competitive swimming, Dekalb Aquatics Swim Inc aims to utilize swimming as a means to mold, support, and mentor young people, offering programs suitable for various ages and skill levels to cater to any child interested in joining the team. The team's goal is to foster a holistic development of its swimmers, nurturing them to become well-rounded individuals beyond the swimming arena.
Official website here: www.daqswim.com
Who is the CEO of Dekalb Aquatics Swim Inc?
Karen Wilborn is the President of Dekalb Aquatics Swim Inc.
Official website here: www.daqswim.com
What is the revenue of Dekalb Aquatics Swim Inc?
Dekalb Aquatics Swim Inc's revenue in 2022 was $583,104.
Official website here: www.daqswim.com
Who are the executives of Dekalb Aquatics Swim Inc and what are their salaries?
The average compensation at Dekalb Aquatics Swim Inc during 2022 was $13,268. There are 16 employees at Dekalb Aquatics Swim Inc.
Here are 6 key members and their salaries:
- Compensation: $88,500
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.daqswim.com
Where can I find the form 990 for Dekalb Aquatics Swim Inc?
Dekalb Aquatics Swim Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.daqswim.com
Learn more at the official website: www.daqswim.com
Mission Statement of Dekalb Aquatics Swim Inc
Dekalb Aquatics Swim Inc, a nonprofit organization recognized as tax-exempt under Section 501(C) (3) of the Internal Revenue Code, utilizes swimming as a tool to shape young individuals into becoming outstanding citizens. With a competitive swim team, DAQ serves approximately 220 youth swimmers, providing them with the opportunity to participate in local, state, regional, and national swimming competitions in accordance with USA Swimming's guidelines. Beyond the competitive aspect, DAQ's ultimate goal is to leverage swimming as a means to mold, support, and mentor young people, fostering their development into responsible and accomplished individuals.
In line with this mission, DAQ offers a variety of programs catering to various ages and skill levels, ensuring that any child interested in joining the team can find a suitable program. The organization's commitment to this goal extends beyond the swimming pool, as it supports its swimmers in their overall development, encouraging them to become well-rounded individuals prepared to excel in their personal and academic lives. By providing a nurturing environment that emphasizes teamwork, discipline, and the pursuit of excellence, DAQ plays a significant role in shaping the future leaders of society.
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Impact
July, 2024
Dekalb Aquatics Swim Inc's impact can be seen in the way it uses swimming as a tool to mold young people into outstanding citizens. By providing training and opportunities for student athletes to compete in swimming competitions at local, state, regional, and national levels, the organization is not only fostering athletic development but also emphasizing behavioral excellence and academic achievement.
Additionally, Dekalb Aquatics Swim Inc's commitment to diversity, with a significant percentage of female and minority participation, highlights its inclusive approach to youth development. By offering programs for children as young as four years old and catering to various skill levels, the organization ensures that any child interested in joining the team can do so, further expanding its reach and impact within the community.
Overall, Dekalb Aquatics Swim Inc's dedication to utilizing swimming as a means of supporting and mentoring young people is evident in its mission to shape individuals into well-rounded and successful citizens, both in and out of the pool.
This information is meant to be a general summary of Dekalb Aquatics Swim Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12
- Program Service Revenue: $514,893
- Gross Receipts: $583,104
Assets and Liabilities:
- Total Assets: $150,634
- Total Liabilities: $15
- Net Assets: $150,619
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$514,893
Organization Details
Founding Year
2002
Phone
(770) 736-3512Principal Officer
Karen Wilborn
Main Address
P O BOX 2926, DECATUR, GA, 30021
Website
www.daqswim.comNTEE Category
Code: O50 - Youth development
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