Overview
What is Ridgefield Regional Aquatic Club?
The Ridgefield Regional Aquatic Club is a nonprofit organization situated in Ridgefield and its surrounding communities. Their primary purpose is to offer a competitive swimming program for local youth. To achieve this goal, they generate revenue, which is primarily utilized to compensate coaches and lease swimming facilities. By doing so, the club ensures the continuity and quality of their services, providing a vibrant swimming environment for young swimmers.
Official website here: www.racswimming.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Ridgefield Regional Aquatic Club has received a low rating of 54%, reflecting concerns in its accountability and financial practices. While the organization boasts a fully independent board, with all members meeting independence criteria, several critical policies are notably absent, including policies for conflict of interest and whistleblower protections. The lack of financial statements further detracts from the transparency expected of nonprofits.
On a positive note, the club demonstrates a strong commitment to its programming, as indicated by a high program expense ratio of 97.03%. This suggests that a significant portion of its resources is directed toward its mission-related activities. However, the organization's liabilities to assets ratio is concerning at 71.09%, indicating potential financial instability that could impact its operational capacity.
Overall, while the Ridgefield Regional Aquatic Club shows strengths in its governance structure and program focus, the absence of essential financial documentation and policies raises significant accountability issues. Addressing these shortcomings would be crucial for improving its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Ridgefield Regional Aquatic Club legitimate?
Ridgefield Regional Aquatic Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgefield Regional Aquatic Club 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: $122,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.racswimming.org
What is the mission statement of Ridgefield Regional Aquatic Club?
The Ridgefield Regional Aquatic Club utilizes its revenue to primarily fund the salaries of coaches and lease pool facilities. This financial support enables the organization to offer a competitive swim program to the youth residing in Ridgefield and its neighboring communities. By providing this program, the club aims to foster a competitive swimming environment that caters to the local youth, thereby contributing to their overall development and enjoyment of the sport.
Official website here: www.racswimming.org
Who is the CEO of Ridgefield Regional Aquatic Club?
Emmanuel Lanzo is the Ceo of Ridgefield Regional Aquatic Club. The CEO's salary of Ridgefield Regional Aquatic Club is $122,860 and their total compensation is $122,860.
Official website here: www.racswimming.org
What is the revenue of Ridgefield Regional Aquatic Club?
Ridgefield Regional Aquatic Club's revenue in 2023 was $710,081.
Official website here: www.racswimming.org
Who are the executives of Ridgefield Regional Aquatic Club and what are their salaries?
There 12 volunteers at Ridgefield Regional Aquatic Club.
Here are 7 key members and their salaries (Ridgefield Regional Aquatic Club's CEO's salary is $122,860 and their total compensation is $122,860):
- Compensation: $122,860
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.racswimming.org
Where can I find the form 990 for Ridgefield Regional Aquatic Club?
Ridgefield Regional Aquatic Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.racswimming.org
Learn more at the official website: www.racswimming.org
Mission Statement of Ridgefield Regional Aquatic Club
Ridgefield Regional Aquatic Club, a nonprofit organization, leverages its revenues primarily for two key purposes. Firstly, the funds are allocated towards compensating coaches, ensuring they can dedicate their time and expertise to nurturing the swimming skills of young individuals from Ridgefield and its surrounding communities. Secondly, the club uses these resources to secure swimming facilities, enabling it to offer a competitive swim program that caters to the youth in these areas. By providing top-notch coaching and accessible pool facilities, Ridgefield Regional Aquatic Club aims to foster a thriving and competitive swimming environment for the local youth, thereby contributing positively to their overall development.
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Impact
July, 2024
The Ridgefield Regional Aquatic Club has a significant impact on the youth of Ridgefield and the surrounding communities by providing a competitive swim program. This allows young swimmers to develop their skills, compete at a high level, and foster a sense of teamwork and discipline. Through the club's efforts in paying coaches and leasing pool facilities, it creates opportunities for aspiring athletes to excel in the sport of swimming and achieve their full potential. The club's dedication to nurturing young talent contributes to the overall well-being and development of the community's youth.
This information is meant to be a general summary of Ridgefield Regional Aquatic Club. 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 2023.
- Investment Income: $124
- Program Service Revenue: $613,171
- Gross Receipts: $714,607
Assets and Liabilities:
- Total Assets: $700,886
- Total Liabilities: $498,369
- Net Assets: $202,517
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$589,919
MEET SURCHARGE
Revenue
$19,609
OTHER INCOME
Revenue
$3,643
Organization Details
Founding Year
1992
Phone
(203) 438-3951Principal Officer
Emmanuel Lanzo
Main Address
PO BOX 256, RIDGEFIELD, CT, 06877
Website
www.racswimming.orgNTEE Category
Code: N67 - Recreation
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