Overview
What is Corona Del Mar Water Polo Foundation?
The Corona Del Mar Water Polo Foundation is a nonprofit organization situated in Newport Beach, California, with an address at 1836 Port Wheeler Place. Its primary mission is to foster and promote the sport of water polo within the amateur community. To achieve this goal, the foundation organizes various activities such as sponsoring water polo training sessions, seminars, competitions, and events. These events aim to increase the awareness of water polo within the community and stimulate interest at an amateur level. These activities take place at participating aquatic centers and schools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Corona Del Mar Water Polo Foundation has received an 80% rating from Charity Navigator, which indicates a solid level of accountability and financial health. The organization demonstrates excellent governance practices, with 100% of its board members being independent and a small board size that fosters effective decision-making. Additionally, the foundation has reported no material diversion of assets, ensuring that funds are used as intended.
The organization excels in its financial practices, boasting a program expense ratio of 100%, which means that all of its expenses are dedicated to its programs. Furthermore, the foundation maintains a strong liabilities to assets ratio of 0.00%, suggesting a robust financial position without any debt obligations. The presence of a conflict of interest policy and documented board meeting minutes also highlights transparency and accountability.
While the foundation performs well in key areas, potential donors and supporters may want to explore its specific programs and initiatives to better understand the impact of their contributions. Overall, the Corona Del Mar Water Polo Foundation presents a reputable option for individuals interested in supporting youth water polo through a well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Corona Del Mar Water Polo Foundation legitimate?
Corona Del Mar Water Polo Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corona Del Mar Water Polo Foundation 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: $0
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What is the mission statement of Corona Del Mar Water Polo Foundation?
The Corona Del Mar Water Polo Foundation has been established with the objective of fostering and promoting the sport of water polo in the amateur sphere. Their activities encompass sponsoring water polo training sessions, seminars, competitions, and events. These initiatives aim to raise awareness about water polo in the community and stimulate interest at the grassroots level. The events are typically hosted at participating aquatic centers and schools.
Who is the CEO of Corona Del Mar Water Polo Foundation?
Robert Simonson is the President of Corona Del Mar Water Polo Foundation.
What is the revenue of Corona Del Mar Water Polo Foundation?
Corona Del Mar Water Polo Foundation's revenue in 2023 was $94,177.
Who are the executives of Corona Del Mar Water Polo Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Corona Del Mar Water Polo Foundation?
Corona Del Mar Water Polo Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Corona Del Mar Water Polo Foundation
The Corona Del Mar Water Polo Foundation, as established, is dedicated to nurturing and advancing the sport of water polo within the amateur sphere. Their mission is twofold: firstly, they organize events and seminars aimed at promoting water polo awareness within the community, and secondly, they sponsor training sessions, competitions, and other events to stimulate interest in the sport at the amateur level. These activities are typically held at participating aquatic centers and schools, providing an opportunity for individuals to engage with water polo in a nurturing environment. The foundation's ultimate goal is to foster a love for the sport and cultivate its growth within the amateur arena.
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Impact
October, 2024
The Corona Del Mar Water Polo Foundation plays a vital role in promoting and fostering the sport of water polo in the amateur arena. By organizing training sessions, seminars, competitions, and events, it enhances community awareness and interest in water polo. These initiatives not only provide opportunities for skill development among participants but also encourage a sense of community engagement centered on aquatic sports.
The foundation's activities occur at various aquatic centers and schools, making water polo accessible to a wider audience and contributing to the growth of the sport at the grassroots level. By focusing on education and competitive experience, it cultivates a new generation of players and enthusiasts, ensuring the longevity and vitality of water polo in the area. Overall, its impact extends beyond just sport; it nurtures teamwork, discipline, and a love for aquatic activities among community members.
This information is meant to be a general summary of Corona Del Mar Water Polo Foundation. 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.
- Gross Receipts: $94,177
Assets and Liabilities:
- Total Assets: $67,868
- Total Liabilities: $0
- Net Assets: $67,868
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Organization Details
Founding Year
2000
Principal Officer
Robert Simonson
Main Address
1836 PORT WHEELER PLACE, NEWPORT BEACH, CA, 92660
NTEE Category
Code: N602 - Recreation
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