Overview
What is Mlac Inc?
Mlac Inc, based in Pittsburgh, Pennsylvania, is a nonprofit organization dedicated to nurturing swimmers of all ages and abilities. For over half a century, they have provided comprehensive instruction through their competitive swim team, catering to individuals ranging from nationally and internationally ranked swimmers to those who have mastered basic swimming skills. Their coaching approach fosters the development of confident and safe swimmers, ensuring a lifelong passion for the sport. The organization offers diverse programs to accommodate every swimmer's needs, with five practice groups based on ability level. Mlac Inc's mission extends beyond swimming, inspiring their swimmers to embody qualities such as perseverance, discipline, and self-esteem, while fostering lasting friendships. The organization currently employs 96 individuals.
Official website here: www.mlacswimming.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Mlac Inc has received a score of 73%, which translates to a Two-Star rating. This indicates that while the organization performs moderately well regarding accountability and finance, there are significant areas for improvement. The charity has excelled in areas such as maintaining an independent board and demonstrating responsible asset management, but it has also shown weaknesses in key governance policies.
Strengths of Mlac Inc include an impressive program expense ratio of 95.85%, suggesting that a large portion of its funds directly supports its programs. Additionally, the organization has achieved full marks in several accountability metrics, such as the majority of independent board members and the absence of material diversion of assets. However, the lack of a whistleblower policy and deficiencies in document retention and destruction policies indicate that its governance structure requires strengthening.
Overall, while Mlac Inc shows a commitment to effective program delivery and has a solid governance framework in some respects, it must address its governance shortfalls to improve its overall accountability. These improvements could enhance its rating and increase trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mlac Inc legitimate?
Mlac Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mlac 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $376,625
For more financial information, click here
Official website here: www.mlacswimming.com
What is the mission statement of Mlac Inc?
Mlac Inc, a competitive swim team with a rich history of over 50 years, inspires its swimmers to excel in life beyond the pool. Their mission is to instill perseverance, discipline, and self-confidence in their swimmers, fostering lifelong friendships in the process. Through their coaching, they cater to swimmers of all ages and abilities, from nationally and internationally ranked swimmers to those who have mastered basic swimming skills. By teaching correct swimming techniques from the start, they aim to develop confident and safe swimmers who enjoy the sport, whether they continue with competitive swimming or simply swim with friends. Mlac Inc organizes swimmers into five practice groups based on ability level, providing opportunities for swimmers to compete locally and nationally according to their skills.
Official website here: www.mlacswimming.com
What is the revenue of Mlac Inc?
Mlac Inc's revenue in 2024 was $594,353.
Official website here: www.mlacswimming.com
Who are the executives of Mlac Inc and what are their salaries?
The average compensation at Mlac Inc during 2024 was $3,923. There are 96 employees and 240 volunteers at Mlac Inc.
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Official website here: www.mlacswimming.com
Where can I find the form 990 for Mlac Inc?
Mlac Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mlacswimming.com
Learn more at the official website: www.mlacswimming.com
Mission Statement of Mlac Inc
Mt. Lebanon Aqua Club (MLAC) is a competitive swim team with a mission to inspire its swimmers to become champions in life. By instilling values of perseverance, discipline, and self-confidence, MLAC aims to build lifelong friendships and boost self-esteem among its members. The organization offers swimming programs tailored to swimmers of all ages and abilities, from national and international-ranked athletes to children learning basic swimming skills. MLAC's ultimate goal is to develop confident, safe swimmers who enjoy the sport, regardless of whether they pursue competitive swimming or simply enjoy swimming with friends. The club divides its swimmers into five practice groups based on ability level, from Stingray for beginners to Shark for the most advanced swimmers, and provides opportunities for them to compete in local and national meets.
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Impact
July, 2024
Mlac Inc, known as the Mt. Lebanon Aqua Club (MLAC), has been making a significant impact in the community of Mt. Lebanon, Pittsburgh, PA, for over 50 years. Through their competitive swim team, they instill values of perseverance, discipline, confidence, and self-esteem in swimmers of all ages and abilities. By offering unparalleled instruction and developing correct swimming techniques from the very beginning, MLAC not only creates stronger and safer swimmers but also fosters a love for the sport that can last a lifetime.
Their programs cater to a wide range of swimmers, from beginners mastering basic skills to nationally and internationally ranked competitors. By dividing swimmers into practice groups and providing opportunities to compete in local and national meets, MLAC creates a supportive environment where swimmers can grow and excel. This dedication to excellence and community involvement has undoubtedly left a lasting impact, inspiring champions in life both in and out of the pool.
This information is meant to be a general summary of Mlac 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 2024.
- Investment Income: $106
- Program Service Revenue: $578,493
- Gross Receipts: $594,353
Assets and Liabilities:
- Total Assets: $512,292
- Total Liabilities: $0
- Net Assets: $512,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUP DUES
Revenue
$283,189
PROGRAM INCOME
Revenue
$194,230
MEET INCOME
Revenue
$101,074
Organization Details
Founding Year
1991
Principal Officer
Loren Zadecky
Website
www.mlacswimming.comNTEE Category
Code: N67 - Recreation
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