Overview
What is X-Cel Swimming Inc?
X-Cel Swimming Inc, located in Princeton, New Jersey, is a nonprofit organization dedicated to nurturing competitive swimming skills in children aged six and above. With a team of eight dedicated individuals, the organization offers comprehensive training programs to help young swimmers excel in their sport. The primary mission of X-Cel Swimming Inc is to foster a competitive environment for children, encouraging their growth and development in the realm of swimming. The organization's base is in Princeton, New Jersey, as indicated by the provided address.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 60%)
X-Cel Swimming Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in various areas of accountability and finance. While it has a commendable program expense ratio of 94.32%, demonstrating a significant focus on its mission, the organization faces significant challenges in transparency and governance practices.
The organization has an independent board that consists of 66% independent members, which is a strength, but it has received low scores in several critical areas, such as financial statements and governance policies, including conflict of interest and whistleblower policies. These gaps in reporting and internal controls may affect the public's trust and understanding of the nonprofit's operations.
Additionally, while X-Cel Swimming Inc has shown good performance in managing its liabilities, the lack of documented financial transparency and essential policies raises concerns regarding its overall effectiveness and sustainability. Addressing these limitations could enhance its accountability and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is X-Cel Swimming Inc legitimate?
X-Cel Swimming Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. X-Cel Swimming 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: $118,531
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,725
For more financial information, click here
What is the mission statement of X-Cel Swimming Inc?
X-Cel Swimming Inc's mission is centered around providing educational swimming training and fostering a competitive environment for children. The organization is committed to offering swimming competitions and instructional programs for children aged six and above, aiming to develop their swimming skills and competitive spirit. By offering these opportunities, X-Cel Swimming Inc aims to contribute positively to the physical development and confidence of the children involved.
Who is the CEO of X-Cel Swimming Inc?
Lucy Si Pei Le is the Officerhead Coach of X-Cel Swimming Inc.
What is the revenue of X-Cel Swimming Inc?
X-Cel Swimming Inc's revenue in 2023 was $620,386.
Who are the executives of X-Cel Swimming Inc and what are their salaries?
The average compensation at X-Cel Swimming Inc during 2023 was $28,407. There are 8 employees at X-Cel Swimming Inc.
Here are 3 key members and their salaries:
- Compensation: $118,531
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for X-Cel Swimming Inc?
X-Cel Swimming Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of X-Cel Swimming Inc
X-Cel Swimming Inc is committed to providing training and fostering a competitive swimming environment for children. This mission is carried out by organizing swimming lessons and competitions for children over the age of six. The nonprofit's goal is to nurture the swimming skills and competitive spirit of these young individuals, offering them an enriching and engaging experience in the world of swimming. By providing this training and competition platform, X-Cel Swimming Inc aims to encourage a love for swimming and sports among children, fostering their physical development and confidence.
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Impact
July, 2024
X-Cel Swimming Inc's impact lies in its commitment to providing training and fostering competitive swimming for children over 6 years of age. Based in Princeton, NJ, this organization plays a significant role in developing the swimming skills of young individuals and offering opportunities for them to compete in the sport. By promoting healthy lifestyles, teamwork, and sportsmanship through swimming, X-Cel Swimming Inc contributes to the overall well-being and development of the children it serves.
This information is meant to be a general summary of X-Cel Swimming 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 2023.
- Investment Income: $10,945
- Gross Receipts: $620,386
Assets and Liabilities:
- Total Assets: $1,135,309
- Total Liabilities: $15,171
- Net Assets: $1,120,138
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Organization Details
Founding Year
1995
Principal Officer
Lucy Si Pei Le
Main Address
PO BOX 3141, PRINCETON, NJ, 08543
NTEE Category
Code: N67Z - Recreation
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