Overview
What is Water Sports Foundation Inc?
Water Sports Foundation Inc is a nonprofit organization dedicated to enhancing public understanding of safety in recreational boating and water sports. They achieve this by implementing diverse educational programs, emphasizing the importance of safe boating practices. The foundation's mission is multifaceted, aiming to educate the public on both water sports and safe boating behaviors to promote a secure and enjoyable experience for all involved.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Water Sports Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's score reflects a strong emphasis on maintaining independent board governance, with 100% of its board members being independent. The organization also demonstrates transparency in its financial oversight and has robust policies in place regarding conflicts of interest and whistleblowing.
Strengths of the organization include a high program expense ratio of 89.15%, which suggests that a significant portion of its funds is directed towards its core mission rather than administrative costs. The charity has established effective audit and oversight procedures and maintains comprehensive documentation practices, which contribute positively to its overall accountability.
However, the organization faces a notable challenge with a liabilities to assets ratio of 106.22%, indicating that its liabilities exceed its assets. This financial aspect could raise concerns about fiscal sustainability and may warrant further scrutiny by potential donors and stakeholders. Overall, while Water Sports Foundation Inc exhibits strong governance and financial practices, attention to its balance sheet may be necessary for long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Water Sports Foundation Inc legitimate?
Water Sports Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Water Sports Foundation 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.
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What is the mission statement of Water Sports Foundation Inc?
The Water Sports Foundation Inc's mission is centered around educating the public. Specifically, they focus on spreading awareness about water sports safety and recreational boating practices. This is achieved through various programs and initiatives, all aimed at promoting safe behaviors in these activities.
Who is the CEO of Water Sports Foundation Inc?
Robert Oswell is the President of Water Sports Foundation Inc.
What is the revenue of Water Sports Foundation Inc?
Water Sports Foundation Inc's revenue in 2022 was $1,163,279.
Who are the executives of Water Sports Foundation Inc and what are their salaries?
There 8 volunteers at Water Sports Foundation Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Water Sports Foundation Inc?
Water Sports Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Water Sports Foundation Inc
The Water Sports Foundation, as its name suggests, is dedicated to spreading awareness about the safety aspects of recreational boating and water sports. Their primary mission is to educate the public on these topics, aiming to promote safe practices that can prevent accidents and ensure the well-being of individuals engaging in these activities. Through various programs, the foundation works towards achieving this objective, encouraging the adoption of responsible boating behaviors.
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Impact
August, 2024
Water Sports Foundation Inc plays a crucial role in educating the public on recreational boating safety. Through various programs and initiatives, they promote safe boating practices and aim to raise awareness about water sports safety. By focusing on educating individuals on the importance of safety while engaging in water activities, Water Sports Foundation Inc has a significant impact on enhancing overall water safety in the community.
This information is meant to be a general summary of Water Sports Foundation 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.
- Gross Receipts: $1,163,279
Assets and Liabilities:
- Total Assets: $183,355
- Total Liabilities: $173,552
- Net Assets: $9,803
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Organization Details
Founding Year
2004
Phone
(407) 719-8062Principal Officer
Robert Oswell
Main Address
PO BOX 568512, ORLANDO, FL, 32856
NTEE Category
Code: N67 - Recreation
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