Overview
What is Sigma Performance Swimming?
Sigma Performance Swimming, based in Colleyville, Texas, serves as a community-focused nonprofit organization. Their primary mission revolves around providing swim instruction and coaching for competitive events, as well as ensuring water safety. This encompasses general management of their comprehensive program. By offering swim lessons and promoting water safety, they aim to prevent drowning incidents. Furthermore, Sigma Performance Swimming nurtures youths to form a competitive swim team, which has achieved recognition at local, regional, state, and national levels. With a total of 158 dedicated employees, they strive to make a significant impact in the aquatic community.
Official website here: www.sigmaswimming.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39%, Zero-Star out of Four Stars
Sigma Performance Swimming has received a low rating of 39%, resulting in a Zero-Star designation, primarily due to significant shortcomings in accountability and finance. The rating is derived solely from the Accountability & Finance beacon, which highlights critical areas where the organization fails to meet expectations, such as board independence and financial transparency.
One notable strength for Sigma Performance Swimming is its program expense ratio, which stands at 78.16%. This indicates that a substantial portion of their expenditures is directed toward programming, reflecting a commitment to their mission. However, the organization faces serious challenges related to governance, including a lack of independent board members and missing key policies such as conflict of interest and whistleblower policies.
Overall, Sigma Performance Swimming's low score and Zero-Star rating underscore the need for improvements in its financial reporting and governance practices. Without addressing these issues, the charity may struggle to gain trust and support from potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Sigma Performance Swimming legitimate?
Sigma Performance Swimming is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sigma Performance Swimming 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: $257,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $831,761
For more financial information, click here
Official website here: www.sigmaswimming.org
What is the mission statement of Sigma Performance Swimming?
Sigma Performance Swimming is dedicated to offering aquatic programs within the community, focusing on swim lessons and water safety, with an emphasis on drowning prevention. The organization fosters the development of a competitive swim team that has achieved success at local, regional, state, and national levels. By providing swim instruction and coaching for competitive events, as well as general management of the program, Sigma Performance Swimming aims to contribute to the swimming community and promote water safety.
Official website here: www.sigmaswimming.org
Who is the CEO of Sigma Performance Swimming?
James Ha is the Chairman/President of Sigma Performance Swimming.
Official website here: www.sigmaswimming.org
What is the revenue of Sigma Performance Swimming?
Sigma Performance Swimming's revenue in 2022 was $1,836,994.
Official website here: www.sigmaswimming.org
Who are the executives of Sigma Performance Swimming and what are their salaries?
The average compensation at Sigma Performance Swimming during 2022 was $6,891. There are 158 employees and 100 volunteers at Sigma Performance Swimming.
Here are 3 key members and their salaries:
- Compensation: $257,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sigmaswimming.org
Where can I find the form 990 for Sigma Performance Swimming?
Sigma Performance Swimming's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sigmaswimming.org
Learn more at the official website: www.sigmaswimming.org
Mission Statement of Sigma Performance Swimming
Sigma Performance Swimming, a youth-focused organization, is dedicated to providing aquatic programs within the community. Their primary mission revolves around teaching swim lessons and promoting water safety, with a strong emphasis on drowning prevention. Simultaneously, they nurture the development of a competitive swim team, which has consistently earned titles at local, regional, state, and national levels. By offering swim instruction and coaching for competitive events, as well as managing the program in its entirety, Sigma Performance Swimming empowers young swimmers to reach their full potential in the water.
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Impact
October, 2024
Sigma Performance Swimming significantly enhances the aquatic skills and safety of youth in Colleyville, Texas, through a variety of programs. By offering swim lessons and water safety instruction, the organization plays a vital role in drowning prevention and overall community health. Participants not only gain essential life skills but also have the opportunity to develop their competitive swimming abilities.
The competitive swim team fosters a sense of discipline, teamwork, and sportsmanship among youth, contributing to their personal growth and development. Through rigorous coaching and training, team members strive for excellence, achieving local, regional, state, and national titles. This not only instills pride in the participants but also elevates the community's recognition in the realm of competitive swimming.
In summary, Sigma Performance Swimming serves as a cornerstone for aquatic education and competitive achievement, empowering youth and promoting safety while enhancing the community's engagement in recreational activities.
This information is meant to be a general summary of Sigma Performance Swimming. 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: $1,957
- Program Service Revenue: $1,843,485
- Gross Receipts: $1,869,954
Assets and Liabilities:
- Total Assets: $456,278
- Total Liabilities: $438,922
- Net Assets: $17,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION, ADMIN &
Revenue
$1,843,485
Organization Details
Founding Year
2009
Phone
(817) 320-3502Principal Officer
James Ha
Main Address
3700 BARDOLINO BLVD, COLLEYVILLE, TX, 76034
Website
www.sigmaswimming.orgNTEE Category
Code: N30 - Recreation
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