Overview
What is Triangle Aquatic Center?
The Triangle Aquatic Center is a nonprofit organization situated in Cary, North Carolina, with the address 275 Convention Drive, NC 27511. Its primary mission is to cater to the health, safety, recreation, and competition needs of the local community and aquatic organizations by constructing and managing public aquatic facilities. With a workforce of 212 dedicated individuals, the center aims to provide aquatic services that enrich the lives of Triangle citizens.
Official website here: www.triangleaquatics.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 58%, One-Star out of Four Star rating.
Triangle Aquatic Center has been rated with a score of 58%, indicating concerns regarding its accountability and financial practices. While the organization boasts a fully independent board and has no reported material diversion of assets, it falls short in several key areas that affect its overall score.
The nonprofit demonstrates strong program expense ratios, allocating 94.27% of its budget directly to its programs. However, the absence of critical policies, such as a whistleblower policy and document retention guidelines, along with a missing tax form on its website, raises questions about its governance and transparency. Additionally, a concerning liabilities to assets ratio of 74.23% suggests potential financial risks that could impact its operations.
Overall, while Triangle Aquatic Center exhibits strengths in certain governance aspects and program funding, the significant gaps in accountability measures highlight the need for improvement to enhance trust and credibility among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Triangle Aquatic Center legitimate?
Triangle Aquatic Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Triangle Aquatic Center 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: $1,052,212
For more financial information, click here
Official website here: www.triangleaquatics.org
What is the mission statement of Triangle Aquatic Center?
The Triangle Aquatic Center's mission is centered around constructing and managing public aquatic facilities. These facilities cater to the health, safety, recreational needs, and competitive requirements of the local community and various aquatic organizations. The primary goal is to ensure that Triangle citizens have access to these facilities, thereby promoting their overall well-being and providing opportunities for aquatic activities.
Official website here: www.triangleaquatics.org
Who is the CEO of Triangle Aquatic Center?
Kevin Chignell is the Board Member of Triangle Aquatic Center.
Official website here: www.triangleaquatics.org
What is the revenue of Triangle Aquatic Center?
Triangle Aquatic Center's revenue in 2022 was $6,275,606.
Official website here: www.triangleaquatics.org
Who are the executives of Triangle Aquatic Center and what are their salaries?
The average compensation at Triangle Aquatic Center during 2022 was $4,963. There are 212 employees and 16 volunteers at Triangle Aquatic Center.
Here are 15 key members and their salaries:
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.triangleaquatics.org
Where can I find the form 990 for Triangle Aquatic Center?
Triangle Aquatic Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.triangleaquatics.org
Learn more at the official website: www.triangleaquatics.org
Mission Statement of Triangle Aquatic Center
The Triangle Aquatic Center is dedicated to constructing and managing public aquatic facilities that cater to the health, safety, recreational, and competitive needs of its local community and aquatic organizations. This nonprofit organization's mission is to provide comprehensive aquatic services, ensuring that Triangle citizens and aquatic organizations have access to suitable facilities for their well-being and activities. By building and operating these facilities, the Triangle Aquatic Center aims to serve as a vital resource for promoting aquatic health, fostering safety, and encouraging recreational and competitive pursuits within the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Triangle Aquatic Center plays a crucial role in enhancing the health, safety, and recreational opportunities for citizens in the Triangle area of North Carolina. By building and operating public aquatic facilities, it meets the diverse needs of the community, supporting both recreational and competitive swimming. This service not only fosters a love for water sports but also promotes physical well-being and safety through structured swimming programs. The center serves as a vital resource for local aquatic organizations, ensuring that residents have access to top-notch facilities for training, competitions, and leisure activities. Through its ongoing commitment to the community, Triangle Aquatic Center significantly enriches the quality of life for Triangle citizens.
This information is meant to be a general summary of Triangle Aquatic Center. 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: $302,519
- Program Service Revenue: $4,880,126
- Gross Receipts: $14,366,771
Assets and Liabilities:
- Total Assets: $24,930,692
- Total Liabilities: $18,509,918
- Net Assets: $6,420,774
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TITANS REVENUE
Revenue
$3,292,281
POOL REVENUE
Revenue
$822,365
FACILITY REVENUE
Revenue
$765,480
Organization Details
Founding Year
2002
Phone
(919) 459-4045Principal Officer
Kevin Chignell
Main Address
275 CONVENTION DRIVE, CARY, NC, 27511
Website
www.triangleaquatics.orgNTEE Category
Code: N30 - Recreation
If you are a representative of Triangle Aquatic Center and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.