Overview
What is Usa Diving Inc?
Usa Diving Inc, based in Indianapolis, Indiana, is a nonprofit organization dedicated to supporting U.S. Olympic and Paralympic divers in achieving sustained competitive excellence. Their primary focus is on training athletes, organizing domestic competitions, and sending teams to international events. This involves covering various expenses such as travel, contract labor, lodging, meals, and athlete training costs like sports science. With a small team of eight employees, Usa Diving Inc embodies the values of the Olympic Movement, inspiring all Americans through the achievements of their athletes.
Official website here: www.usadiving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
Usa Diving Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 78%. This rating highlights the organization's strong performance in Accountability and Finance, which contributes entirely to its score. The organization has demonstrated transparency and responsible governance, as evidenced by its independent board structure and the absence of material asset diversions.
The nonprofit excels in several areas, achieving full points for having a majority independent board, a clear conflict of interest policy, and effective financial practices. Additionally, the program expense ratio is commendable, indicating a significant focus on direct programmatic activities. The organization effectively lists its website on tax forms and maintains proper documentation, which bolsters its commitment to accountability.
However, there are notable limitations in fundraising efficiency and working capital. The fundraising efficiency ratio indicates higher costs associated with fundraising efforts, while the working capital ratio suggests potential challenges in sustaining operations in the short term. These factors may warrant attention as the organization continues to grow and seek additional support.
This AI summary has been generated from information found on Charity Navigator.
Is Usa Diving Inc legitimate?
Usa Diving Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usa Diving 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: $193,392
Professional Fundraising Fees: $0
Other Salaries and Wages: $480,583
For more financial information, click here
Official website here: www.usadiving.org
What is the mission statement of Usa Diving Inc?
U.S. Diving Inc's mission is centered around supporting U.S. Olympic and Paralympic athletes in achieving sustained competitive excellence. This is done while embodying the values of the Olympic Movement, aiming to inspire all Americans. Their activities primarily focus on covering the expenses associated with training athletes, organizing domestic competitions, and sending teams to international events. These expenses encompass travel costs, labor contracts, lodging and meals, and athlete training expenses such as sports science.
Official website here: www.usadiving.org
Who is the CEO of Usa Diving Inc?
Lee Michaud is the Chair Of The Board of Usa Diving Inc. The CEO's salary of Usa Diving Inc is $188,222 and their total compensation is $193,392.
Official website here: www.usadiving.org
What is the revenue of Usa Diving Inc?
Usa Diving Inc's revenue in 2022 was $3,178,286.
Official website here: www.usadiving.org
Who are the executives of Usa Diving Inc and what are their salaries?
The average compensation at Usa Diving Inc during 2022 was $84,247. There are 8 employees and 15 volunteers at Usa Diving Inc.
Here are 16 key members and their salaries (Usa Diving Inc's CEO's salary is $188,222 and their total compensation is $193,392):
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- Compensation: $188,222
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- Other: $5,170
Official website here: www.usadiving.org
Where can I find the form 990 for Usa Diving Inc?
Usa Diving Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usadiving.org
Learn more at the official website: www.usadiving.org
Mission Statement of Usa Diving Inc
U.S. Diving Inc, a notable organization, is committed to supporting American Olympic and Paralympic athletes in achieving sustained competitive excellence. Their mission extends beyond just athletic achievements; they aim to embody the values of the Olympic Movement, inspiring all Americans through their endeavors. The organization's objective is to provide the necessary resources and training to these athletes, enabling them to excel in domestic competitions and represent the U.S. on the international stage. This encompasses expenses such as travel, contract labor, lodging, meals, and athlete training costs, including sports science. U.S. Diving Inc's mission is driven by a desire to support these athletes in their quest for excellence, while simultaneously inspiring the broader American community with the spirit of the Olympic Movement.
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Impact
October, 2024
USA Diving Inc plays a pivotal role in nurturing and promoting U.S. Olympic and Paralympic athletes, enabling them to achieve sustained competitive excellence in diving. Based in Indianapolis, the organization focuses on enhancing the training and competition experiences for these athletes.
By funding essential competition program expenses, USA Diving Inc covers costs related to athlete training, domestic competitions, and international events. This includes travel, lodging, meals, and access to sports science resources, which are instrumental in optimizing performance.
In addition to fostering athletic excellence, USA Diving Inc embodies the values of the Olympic Movement, serving as a source of inspiration for all Americans. Their commitment to supporting athletes not only aims for success on the global stage but also encourages enthusiasm for the sport of diving and promotes active participation in recreational activities across the nation.
This information is meant to be a general summary of Usa Diving 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: $24,955
- Program Service Revenue: $768,270
- Gross Receipts: $3,183,945
Assets and Liabilities:
- Total Assets: $1,514,096
- Total Liabilities: $563,189
- Net Assets: $950,907
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER EVENT INCOME
Revenue
$753,527
MASTERS PROGRAM
Revenue
$14,506
LEARNING ACADEMY
Revenue
$237
Organization Details
Founding Year
1986
Phone
(317) 237-5252Principal Officer
Lee Michaud
Main Address
9801 FALL CREEK ROAD 412, INDIANAPOLIS, IN, 46256
Website
www.usadiving.orgNTEE Category
Code: N03 - Recreation
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