Overview
What is Pearland Aquatics?
Pearland Aquatics, often referred to as PEAK, is a nonprofit organization based in Pearland, Texas. Their primary mission is to foster a nurturing and encouraging environment through swimming, promoting good sportsmanship and the importance of teamwork. Their vision is to see their athletes excel in local, regional, national, and international competitions, by investing in the technical and physical development of their athletes and their coaching staff. In 2022, around 250 youth participated in their programs, and they returned to their pre-pandemic level of providing regular swim instruction. Pearland Aquatics also sponsored various swimming events throughout the year, including the Gulf Champs meet, a Swim-A-Thon, a summer league event, a tri meet, and an intrasquad meet. The organization is managed by a responsible board of directors.
Official website here: www.pearlandaquatics.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (69%)
Pearland Aquatics has received a rating of "Needs Improvement" from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance management, there are several areas that require attention. The overall score of 69% reflects excellent performance in financial responsibility, particularly with a program expense ratio of 92.06%, suggesting that a significant portion of its expenses is directed towards its programs.
Despite its strengths, the organization has notable weaknesses in its governance policies. Pearland Aquatics lacks essential policies such as a conflict of interest policy and a whistleblower policy, which are critical for maintaining transparency and accountability. Additionally, the absence of financial statements on its website and a document retention policy raises concerns about the accessibility and management of its financial information.
The organization does benefit from having a fully independent board, which is a positive aspect of its governance structure. However, to improve its rating and overall effectiveness, Pearland Aquatics would need to address the missing policies and increase the transparency of its financial documentation.
This AI summary has been generated from information found on Charity Navigator.
Is Pearland Aquatics legitimate?
Pearland Aquatics is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pearland Aquatics 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: $31,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,600
For more financial information, click here
Official website here: www.pearlandaquatics.org
What is the mission statement of Pearland Aquatics?
Pearland Aquatics' mission is centered around providing a secure and encouraging environment for swimmers, promoting good sportsmanship and emphasizing the importance of teamwork. Through the sport of swimming, they strive to foster a supportive atmosphere that encourages personal growth and development. The organization aims to nurture its athletes to compete at high levels in local, regional, national, and international competitions. This is achieved by focusing on the technical and physical development of the athletes and the educational growth of the coaching staff. Supported by a responsible board of directors, Pearland Aquatics offers regular swim instruction and sponsors various meets throughout the year, including Gulf Champs, Swim-A-Thon, Summer League, a tri meet, and an intrasquad meet.
Official website here: www.pearlandaquatics.org
Who is the CEO of Pearland Aquatics?
Selva Mudalier is the President 7/ of Pearland Aquatics.
Official website here: www.pearlandaquatics.org
What is the revenue of Pearland Aquatics?
Pearland Aquatics's revenue in 2022 was $646,721.
Official website here: www.pearlandaquatics.org
Who are the executives of Pearland Aquatics and what are their salaries?
The average compensation at Pearland Aquatics during 2022 was $22,140. There are 2 employees and 150 volunteers at Pearland Aquatics.
Here are 11 key members and their salaries:
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Official website here: www.pearlandaquatics.org
Where can I find the form 990 for Pearland Aquatics?
Pearland Aquatics's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pearlandaquatics.org
Learn more at the official website: www.pearlandaquatics.org
Mission Statement of Pearland Aquatics
Pearland Aquatics, a renowned organization, is dedicated to providing a secure and encouraging environment for its members through the sport of swimming. With a goal to promote good sportsmanship and emphasize the importance of teamwork, the nonprofit aims to foster an atmosphere that nurtures growth and camaraderie. The organization's mission is to cultivate athletes who excel at local, regional, state, national, and even international swimming competitions. This is achieved through the comprehensive development of its athletes in terms of both technical and physical skills, as well as the ongoing education of its coaching staff. Supported by a financially and organizationally responsible board of directors, Pearland Aquatics strives to provide a well-rounded swimming experience for its members, encouraging them to reach their full potential. In 2022, approximately 250 youth participated in the program, and the organization returned to its pre-pandemic level of offering regular swimming instruction. Throughout the year, Pearland Aquatics also sponsored various swimming meets, showcasing its commitment to the sport and its members.
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Impact
July, 2024
Pearland Aquatics has a significant impact on the youth in Pearland, TX, by providing a safe and supportive environment through the sport of swimming. Their mission encourages good sportsmanship and promotes the value of teamwork among approximately 250 young athletes who participate in the program. Additionally, Pearland Aquatics supports the technical and physical development of their athletes and educational growth of their coaching staff, aiming to have athletes competing at the highest levels of competition. Through events like the Gulf Champs meet, swim-a-thons, summer league events, and more, Pearland Aquatics fosters a community where young individuals can thrive both in and out of the pool.
This information is meant to be a general summary of Pearland Aquatics. 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: $657
- Program Service Revenue: $604,841
- Gross Receipts: $652,508
Assets and Liabilities:
- Total Assets: $596,136
- Total Liabilities: $2,939
- Net Assets: $593,197
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MONTHLY TUITION
Revenue
$392,382
FEES FOR AWAY MEETS
Revenue
$89,484
FEES FOR HOSTED MEETS
Revenue
$55,429
REGISTRATION FEES
Revenue
$31,460
TEAM GEAR
Revenue
$22,556
Organization Details
Phone
(281) 692-9988Principal Officer
Selva Mudalier
Main Address
PO BOX 1957, PEARLAND, TX, 775881957
Website
www.pearlandaquatics.orgNTEE Category
Code: O50 - Youth development
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