Overview
What is United States Masters Swimming Inc?
United States Masters Swimming Inc, established in 1970, is a membership-driven organization that encourages health, wellness, fitness, and competition among adults through swimming. Based in Sarasota, Florida, the nonprofit partners with over 1,100 adult swim programs across the nation. It offers exclusive content through bimonthly magazines, monthly e-newsletters, and its website, providing a platform for members to access workout plans, special offers, and benefits from sponsor partners. The organization also promotes and sanctions various pool, open water, and virtual events and competitions, ensuring a vibrant swimming community for adults. Furthermore, the Swimming Saves Lives Foundation, the charitable arm of USMS, supports adult learn-to-swim opportunities by granting funds to relevant programs.
Official website here: www.usms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
United States Masters Swimming Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This score reflects the organization’s commitment to transparency and effective governance, demonstrated by its 100% independent board members and various oversight policies in place. The organization’s financial management is further underscored by a strong program expense ratio of 82.23%, suggesting that a significant portion of its resources is directed toward its mission-related activities.
Strengths of the organization include a well-established governance structure, with independent board members and robust oversight mechanisms such as an Audit and Oversight Committee. The organization has a clear commitment to ethical practices, as evidenced by its conflict of interest and whistleblower policies. Additionally, the absence of material diversions of assets shows a reliable and responsible management of funds, enhancing donor confidence.
While the ratings reflect a strong overall performance, there are no specific limitations noted in the available data. The high scores across various accountability metrics suggest that United States Masters Swimming Inc operates with integrity and effectiveness, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is United States Masters Swimming Inc legitimate?
United States Masters Swimming Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United States Masters Swimming 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: $530,293
Professional Fundraising Fees: $0
Other Salaries and Wages: $958,704
For more financial information, click here
Official website here: www.usms.org
What is the mission statement of United States Masters Swimming Inc?
United States Masters Swimming Inc, established in 1970, serves as a national governing body promoting health, wellness, fitness, and competition among adults through swimming. It accomplishes this by partnering with over 1,115 adult swim programs nationwide, providing exclusive content through magazines, newsletters, and its website, and sanctioning various swimming events and competitions. The organization's mission is to stimulate health, fitness, and competition among adults through swimming, fostering an environment that encourages and supports adult swimmers. Additionally, the Swimming Saves Lives Foundation, the charitable arm of USMS, supports adult learn-to-swim opportunities by awarding grants and resources.
Official website here: www.usms.org
Who is the CEO of United States Masters Swimming Inc?
Teddy Decker is the At Large Director of United States Masters Swimming Inc. The CEO's salary of United States Masters Swimming Inc is $268,257 and their total compensation is $299,207.
Official website here: www.usms.org
What is the revenue of United States Masters Swimming Inc?
United States Masters Swimming Inc's revenue in 2022 was $3,618,935.
Official website here: www.usms.org
Who are the executives of United States Masters Swimming Inc and what are their salaries?
The average compensation at United States Masters Swimming Inc during 2022 was $82,722. There are 18 employees and 320 volunteers at United States Masters Swimming Inc.
Here are 21 key members and their salaries (United States Masters Swimming Inc's CEO's salary is $268,257 and their total compensation is $299,207):
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- Compensation: $115,156
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- Other: $34,547
Official website here: www.usms.org
Where can I find the form 990 for United States Masters Swimming Inc?
United States Masters Swimming Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usms.org
Learn more at the official website: www.usms.org
Mission Statement of United States Masters Swimming Inc
United States Masters Swimming Inc, established in 1970, is a membership-operated organization committed to promoting health, wellness, fitness, and competition among adults through swimming. Their mission, in essence, is to serve as a catalyst for adults seeking to enhance their physical and mental well-being through the sport of swimming. By partnering with over 1,115 adult swim programs across the nation, United States Masters Swimming Inc provides a wide array of opportunities for individuals to engage in swimming activities, ranging from leisurely workouts to competitive events.
The organization accomplishes its mission by offering exclusive content to its members. This content includes articles in the bimonthly magazine, Swimmer, monthly e-newsletters, and the website, USMS.org. Moreover, members have access to special, members-only content, such as workout plans tailored to various swimming abilities. Furthermore, United States Masters Swimming Inc provides supplemental insurance coverage for its members during workouts, clinics, and competitions. Additionally, the organization offers its members special discounts and benefits from its sponsor partners.
In a philanthropic endeavor, United States Masters Swimming Inc has a charitable arm called The Swimming Saves Lives Foundation. This foundation has awarded over $740,000 in grants and resources to programs providing adult learn-to-swim opportunities. By doing so, the organization extends its reach beyond its membership, aiming to promote swimming as a lifesaving skill for adults.
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Impact
October, 2024
United States Masters Swimming Inc significantly enhances the health and wellness of adults through swimming. Founded in 1970, it organizes a vibrant community of over 55,000 registered members, who engage in swimming for fitness, competition, and recreation. By partnering with more than 1,115 adult swim programs nationwide, USMS fosters local swimming initiatives, promoting both pool-based and open water events.
Members benefit from access to a wealth of resources, including a bimonthly magazine and a monthly e-newsletter, which deliver exclusive fitness and health content tailored to swimmers of all levels. The organization also offers specialized workouts, online fitness logs, and supplemental insurance during events, ensuring a safe and supportive environment for adult swimmers.
Through the Swimming Saves Lives Foundation, USMS has invested over $740,000 in grants for programs that teach adults how to swim, expanding the reach of swim instruction and enhancing water safety across communities. Additionally, the College Club Swim program unifies collegiate swim clubs, providing structure and organization while allowing students to compete and connect with fellow swimmers.
Overall, United States Masters Swimming Inc plays a vital role in promoting a healthier lifestyle, competitive spirit, and community involvement among adults through the joy of swimming.
This information is meant to be a general summary of United States Masters Swimming 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: $62,455
- Program Service Revenue: $3,233,278
- Gross Receipts: $4,073,302
Assets and Liabilities:
- Total Assets: $6,565,063
- Total Liabilities: $2,651,850
- Net Assets: $3,913,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,862,499
CHAMPIONSHIP MEETS
Revenue
$219,084
CONTINUING EDUCATION
Revenue
$122,933
PUBLICATION SALES
Revenue
$28,762
Organization Details
Founding Year
1979
Phone
(941) 556-6271Principal Officer
Teddy Decker
Main Address
8388 SOUTH TAMIAMI TRAIL 221, SARASOTA, FL, 34238
Website
www.usms.orgNTEE Category
Code: N67Z - Recreation
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