Overview
What is Del Mar Water Polo Inc?
Del Mar Water Polo Inc, situated in Del Mar, California, is a dedicated nonprofit organization with a mission to empower water polo players in Southern California. By focusing on fundamental skills development and teamwork, the club encourages perseverance and a personal best mentality, establishing a strong foundation for athletes to advance in their water polo careers. With a team of 32 individuals, Del Mar Water Polo Inc aims to instill a love for the game and an appreciation for the hard work required to achieve success, both on and off the field.
Official website here: www.delmarwaterpoloclub.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 62% overall score)
Del Mar Water Polo Inc has received a Two-Star rating from Charity Navigator, indicating that there are areas requiring significant improvement within the organization. The overall score of 62% reflects some strengths in financial management, such as an excellent program expense ratio of 81.67%. This suggests a strong commitment to utilizing funds for its programs rather than administrative costs.
However, the nonprofit faces notable weaknesses in its governance and transparency practices. The organization lacks critical policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which all received zero points. Additionally, the financial statements are not publicly available, which can hinder trust and accountability among stakeholders and donors.
While Del Mar Water Polo Inc has a majority of independent board members and maintains a low liabilities to assets ratio, the absence of essential governance documents and policies may limit its effectiveness and credibility. Addressing these shortcomings could enhance its rating and overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Del Mar Water Polo Inc legitimate?
Del Mar Water Polo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Del Mar Water Polo 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: $72,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $289,540
For more financial information, click here
Official website here: www.delmarwaterpoloclub.org
What is the mission statement of Del Mar Water Polo Inc?
Del Mar Water Polo Inc's mission is centered around assisting water polo athletes in developing the essential skills needed for success in the sport. The organization focuses on fundamental and skill development, creating an environment that fosters teamwork, perseverance, and a commitment to achieving personal bests. This foundation aims to prepare players for higher levels of play, ultimately instilling a love for the game and a healthy appreciation for the hard work required for success, both in water polo and in life.
Official website here: www.delmarwaterpoloclub.org
Who is the CEO of Del Mar Water Polo Inc?
Brett Ormsby is the President of Del Mar Water Polo Inc.
Official website here: www.delmarwaterpoloclub.org
What is the revenue of Del Mar Water Polo Inc?
Del Mar Water Polo Inc's revenue in 2022 was $912,179.
Official website here: www.delmarwaterpoloclub.org
Who are the executives of Del Mar Water Polo Inc and what are their salaries?
The average compensation at Del Mar Water Polo Inc during 2022 was $11,298. There are 32 employees and 12 volunteers at Del Mar Water Polo Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $45,500
- Related: $0
- Other: $0
- Compensation: $26,500
- Related: $0
- Other: $0
Official website here: www.delmarwaterpoloclub.org
Where can I find the form 990 for Del Mar Water Polo Inc?
Del Mar Water Polo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.delmarwaterpoloclub.org
Learn more at the official website: www.delmarwaterpoloclub.org
Mission Statement of Del Mar Water Polo Inc
Del Mar Water Polo Inc, a renowned organization, is committed to assisting water polo athletes in their journey towards mastering the necessary skills to excel in the sport. The mission of Del Mar Water Polo Inc is to provide a supportive environment that fosters fundamental skill development and teamwork. This approach encourages perseverance and a dedication to achieving personal bests, thereby laying a solid foundation for the players to progress to higher levels of competition. Ultimately, Del Mar Water Polo Inc seeks to instill a deep love for the game and an appreciation for the hard work required to achieve success, not just in water polo, but in life as well.
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Impact
October, 2024
Del Mar Water Polo Inc. has a significant impact on young athletes by fostering their development in water polo, emphasizing essential skills, teamwork, and personal growth. The organization cultivates an environment that prioritizes fundamental skill acquisition, enabling players to excel in the sport. By focusing on teamwork and perseverance, athletes learn not only how to navigate the challenges of water polo but also valuable life lessons that extend beyond the pool.
Through structured training and support, Del Mar Water Polo helps players transition to higher levels of competition, ultimately enhancing their confidence and love for the game. This commitment to individual improvement and a healthy work ethic prepares athletes for future challenges, both in sports and in everyday life. The club serves as a foundation for nurturing passionate, well-rounded individuals who appreciate the dedication required for success.
This information is meant to be a general summary of Del Mar Water Polo 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.
- Investment Income: $16
- Program Service Revenue: $835,385
- Gross Receipts: $912,785
Assets and Liabilities:
- Total Assets: $272,299
- Total Liabilities: $4,988
- Net Assets: $267,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER POLO
Revenue
$835,385
Organization Details
Founding Year
2009
Phone
(619) 851-1832Principal Officer
Brett Ormsby
Main Address
2658 DEL MAR HEIGHTS ROAD SUITE 20, DEL MAR, CA, 92014
Website
www.delmarwaterpoloclub.orgNTEE Category
Code: N67 - Recreation
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