Overview
What is Red Wave Swim Team?
Red Wave Swim Team is a nonprofit organization dedicated to nurturing swimming talents in young individuals. With a mission to offer exceptional coaching, the team serves around 200 swimmers, spanning ages 5 to 21, who exhibit varying abilities, from beginners to world-class athletes. The team's activities are overseen by the U.S. Swimming Organization, and they participate in sanctioned meets as part of their mission to promote youth swimming.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (50%)
Red Wave Swim Team has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial transparency. The overall score is solely based on a single accountability and finance metric, where the organization scored only 50%. This indicates potential issues that could affect donor confidence and the overall effectiveness of the organization in managing its resources.
One of the major weaknesses identified is the lack of independent board members, with 0% of the board being independent. Additionally, the organization has not provided financial statements, which is crucial for transparency. Key policies, such as conflict of interest and whistleblower policies, are also missing, further raising concerns about governance and oversight.
On a positive note, Red Wave Swim Team has a strong program expense ratio of 87.78%, suggesting that a significant majority of its expenditures are directed towards its programs. However, without adequate financial documentation and governance policies in place, the organization's ability to maintain trust and effectively communicate its achievements remains limited.
This AI summary has been generated from information found on Charity Navigator.
Is Red Wave Swim Team legitimate?
Red Wave Swim Team is a legitimate nonprofit organization registered as a 501(c)(3) entity. Red Wave Swim Team 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: $93,394
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Red Wave Swim Team?
The Red Wave Swim Team's mission is centered around promoting and facilitating swimming opportunities for youth, encompassing a wide range of abilities from beginners to world-class swimmers. With over 200 members aged 5 to 21, the team is committed to delivering exceptional coaching. Under the guidance of U.S. Swimming Org., they organize and oversee sanctioned swim meets, fostering a competitive and supportive environment for their swimmers.
Who is the CEO of Red Wave Swim Team?
Ken O'Reilly is the President of Red Wave Swim Team.
What is the revenue of Red Wave Swim Team?
Red Wave Swim Team's revenue in 2022 was $902,418.
Who are the executives of Red Wave Swim Team and what are their salaries?
The average compensation at Red Wave Swim Team during 2022 was $5,837. There are 16 employees at Red Wave Swim Team.
Here are 3 key members and their salaries:
- Compensation: $93,394
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Red Wave Swim Team?
Red Wave Swim Team's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Red Wave Swim Team
Red Wave Swim Team is committed to promoting and facilitating swimming experiences for young swimmers, with a primary objective of delivering exceptional coaching. The team boasts an impressive roster of around 200 swimmers, spanning ages 5 to 21, and encompassing a diverse range of abilities, from novice to world-class competitors, all under the watchful eye of the U.S. Swimming Organization. The Red Wave Swim Team's mission is to offer a nurturing environment that encourages the development of these swimmers, providing them with the necessary tools and guidance to excel in their chosen sport. By holding sanctioned swim meets, the team offers a competitive platform for its swimmers to showcase their skills and progress.
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Impact
October, 2024
Red Wave Swim Team significantly impacts the community by providing a structured platform for youth swimmers aged 5 to 21. With around 200 members, the team caters to a diverse range of swimming abilities, from beginners to world-ranked athletes. This inclusivity fosters a supportive environment that encourages personal growth, teamwork, and discipline through the sport of swimming.
The team's commitment to excellent coaching ensures that each swimmer receives the guidance needed to develop their skills and achieve their potential. By holding sanctioned swim meets under the auspices of U.S. Swimming, Red Wave not only provides competitive opportunities but also instills a sense of achievement and camaraderie among participants. Overall, the initiative promotes physical fitness, personal development, and a love of swimming within the Montclair community.
This information is meant to be a general summary of Red Wave Swim Team. 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.
- Program Service Revenue: $902,418
- Gross Receipts: $902,418
Assets and Liabilities:
- Total Assets: $315,832
- Total Liabilities: $0
- Net Assets: $315,832
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$902,418
Organization Details
Principal Officer
Ken O'Reilly
Main Address
PO Box 173, Montclair, NJ, 07042
NTEE Category
Code: N67 - Recreation
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