Overview
What is Marlins Of Raleigh Inc?
Marlins of Raleigh Inc, situated in Raleigh, North Carolina, is a renowned nonprofit organization with a strong focus on competitive swimming. With around 650 registered swimmers, the organization actively participates in approximately 380 swim meets annually. Their mission is to foster champion athletes and responsible citizens by upholding a commitment to excellence in swimming. The Marlins of Raleigh provides training and practice groups for swimmers of various ages and abilities, aiming to offer age-specific programs that challenge and develop each individual to their full potential. The organization's employee count stands at 65.
Official website here: www.marlinsofraleigh.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning a Two-Star out of Four Star rating
Marlins of Raleigh Inc has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial management. The organization scores well in areas such as material diversion of assets and program expense ratio, indicating that a significant portion of its resources is directed towards its programs. However, there are concerns regarding governance, particularly the lack of independent board members and insufficient financial statement transparency.
The accountability metrics reveal several weaknesses, including a complete absence of independent board members and inadequate documentation practices, such as retaining necessary financial documents. While the organization has a whistleblower policy and a conflict of interest policy in place, it falls short in other governance areas, which could impact its overall credibility and effectiveness. The lack of financial statements posted on their website further raises questions about transparency.
Overall, while Marlins of Raleigh Inc demonstrates a commitment to its mission with a high program expense ratio, it must address its governance and financial reporting practices to enhance its accountability and build trust among supporters and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Marlins Of Raleigh Inc legitimate?
Marlins Of Raleigh Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marlins Of Raleigh 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: $91,770
Professional Fundraising Fees: $0
Other Salaries and Wages: $520,274
For more financial information, click here
Official website here: www.marlinsofraleigh.com
What is the mission statement of Marlins Of Raleigh Inc?
Marlins of Raleigh Inc., an organization dedicated to swimming, is committed to fostering champion athletes and citizens. Their mission is to provide training and practice groups for swimmers of all ages and abilities, with a focus on age-specific programs designed to challenge and develop each individual to their full potential. The organization's competitive program, which includes approximately 650 swimmers, participates in various meets. The goal is to offer an environment that encourages personal growth and excellence in swimming.
Official website here: www.marlinsofraleigh.com
Who is the CEO of Marlins Of Raleigh Inc?
Paul Silver is the President, Executive Dir. of Marlins Of Raleigh Inc.
Official website here: www.marlinsofraleigh.com
What is the revenue of Marlins Of Raleigh Inc?
Marlins Of Raleigh Inc's revenue in 2022 was $2,258,499.
Official website here: www.marlinsofraleigh.com
Who are the executives of Marlins Of Raleigh Inc and what are their salaries?
The average compensation at Marlins Of Raleigh Inc during 2022 was $9,416. There are 65 employees and 250 volunteers at Marlins Of Raleigh Inc.
Here are 4 key members and their salaries:
- Compensation: $83,952
- Related: $0
- Other: $2,484
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.marlinsofraleigh.com
Where can I find the form 990 for Marlins Of Raleigh Inc?
Marlins Of Raleigh Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marlinsofraleigh.com
Learn more at the official website: www.marlinsofraleigh.com
Mission Statement of Marlins Of Raleigh Inc
Marlins of Raleigh Inc, a renowned organization, is committed to fostering champion athletes and responsible citizens through its dedication to excellence in swimming. Its mission is to provide training and practice groups for swimmers of various ages and abilities. The goal is to offer age-specific training, tailored to challenge and develop each individual to their fullest potential.
The Marlins of Raleigh Inc's competitive program boasts approximately 650 swimmers, with around 380 actively participating in swim meets. This indicates the organization's extensive reach and commitment to nurturing swimming talents at all levels. By providing a conducive environment for swimming practice and competitions, Marlins of Raleigh Inc plays a significant role in honing the skills and confidence of its swimmers, thereby fostering their personal growth and development.
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Impact
October, 2024
Marlins Of Raleigh Inc significantly impacts the Raleigh community by nurturing young athletes and fostering a culture of excellence in swimming. With approximately 650 swimmers, including around 380 active competitors, the organization provides comprehensive training and practice opportunities for swimmers of all ages and skill levels. Their commitment to age-specific training ensures that each athlete receives the tailored guidance needed to challenge themselves and reach their full potential. This approach not only develops competitive swimmers but also instills valuable life skills, promoting personal growth, teamwork, and a sense of community among participants. By focusing on both athletic development and citizenship, Marlins Of Raleigh Inc plays a crucial role in shaping the character and future of its swimmers.
This information is meant to be a general summary of Marlins Of Raleigh 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: $1,738
- Program Service Revenue: $2,073,132
- Gross Receipts: $2,379,569
Assets and Liabilities:
- Total Assets: $1,167,052
- Total Liabilities: $523,382
- Net Assets: $643,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SWIM DUES
Revenue
$1,420,471
REGISTRATION INCOME
Revenue
$638,772
WEIGHT TRAINING
Revenue
$13,889
Organization Details
Founding Year
2001
Phone
(919) 851-3000Principal Officer
Paul Silver
Main Address
4904 WATERS EDGE DRIVE 295, RALEIGH, NC, 27606
Website
www.marlinsofraleigh.comNTEE Category
Code: N99 - Recreation
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