Overview
What is Potomac Valley Swimming Inc?
Potomac Valley Swimming Inc, established in McLean, Virginia, serves as the governing body for competitive swimming in the DC Metro area. With a mission to promote the sport and ensure equal opportunities for swimmers of various ages and abilities, the organization conducts and sanctions swim meets, catering to approximately 13,000 athletes. Moreover, a team of swimmers representing PVS competes at the Eastern Zone Long Course championship meet. The nonprofit, employing a team of three individuals, is dedicated to upholding the rules, regulations, and standards of PVS, USA Swimming, and the Federation Internationale de Natation (FINA).
Official website here: www.pvswim.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Potomac Valley Swimming Inc has received a solid Three-Star rating, reflecting a strong focus on accountability and finance. The charity's score is primarily based on its excellent management practices, with a notable 100% score for having an independent board, which signifies effective governance. Additionally, the organization has maintained a commendable program expense ratio of approximately 82%, indicating that a significant majority of its funds are directed toward its programs and services.
The organization demonstrates a robust commitment to transparency, with key documents such as board meeting minutes and tax forms readily available on its website. However, there are areas for improvement, notably the absence of a whistleblower policy and document retention procedures, which received a score of zero. Addressing these gaps would enhance the organization's overall governance framework.
Overall, Potomac Valley Swimming Inc shows strong financial health and operational practices, which contributes positively to its mission. While the charity has strengths in various aspects of accountability, addressing the identified weaknesses could further bolster its reputation and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Potomac Valley Swimming Inc legitimate?
Potomac Valley Swimming Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Potomac Valley 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: $44,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $112,000
For more financial information, click here
Official website here: www.pvswim.org
What is the mission statement of Potomac Valley Swimming Inc?
Potomac Valley Swimming Inc, serving as the governing body for competitive swimming in a specific region, is committed to promoting the sport. Their mission is to ensure equal access to competitive swimming opportunities for swimmers of all ages and abilities. They accomplish this by adhering to the rules, regulations, and standards set by PVS, USA Swimming, and the Federation Internationale de Natation (FINA). This organization conducts and sanctions swim meets in the region, providing competitive opportunities for approximately 13,000 athletes. Furthermore, they field a team of swimmers to represent them at the Eastern Zone Long Course championship meet.
Official website here: www.pvswim.org
Who is the CEO of Potomac Valley Swimming Inc?
Ellen Colket is the General Chair of Potomac Valley Swimming Inc.
Official website here: www.pvswim.org
What is the revenue of Potomac Valley Swimming Inc?
Potomac Valley Swimming Inc's revenue in 2023 was $1,143,398.
Official website here: www.pvswim.org
Who are the executives of Potomac Valley Swimming Inc and what are their salaries?
The average compensation at Potomac Valley Swimming Inc during 2023 was $52,000. There are 3 employees and 730 volunteers at Potomac Valley Swimming Inc.
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- Compensation: $41,333
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Official website here: www.pvswim.org
Where can I find the form 990 for Potomac Valley Swimming Inc?
Potomac Valley Swimming Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pvswim.org
Learn more at the official website: www.pvswim.org
Mission Statement of Potomac Valley Swimming Inc
Potomac Valley Swimming Inc, as the governing body for competitive swimming in the DC Metro area, is committed to promoting competitive swimming and ensuring equal access to such opportunities for swimmers of all ages and abilities. Aligning with the rules, regulations, and standards of USA Swimming and the Federation Internationale de Natation (FINA), this nonprofit organization conducts and sanctions swim meets in the area, catering to approximately 13,000 athletes. Furthermore, Potomac Valley Swimming Inc organizes a team of swimmers to represent the organization at the Eastern Zone Long Course championship meet. This mission is centered around providing a level playing field for swimmers, fostering their talents, and encouraging their growth within the competitive swimming community.
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Impact
October, 2024
Potomac Valley Swimming Inc significantly impacts the DC Metro area's competitive swimming landscape by serving as the governing body for the sport. It organizes and sanctions swim meets that provide competitive opportunities for approximately 13,000 athletes, from beginners to seasoned swimmers. Through its championship events and team representation at prestigious competitions like the Eastern Zone Long Course championship meet, PVS fosters a culture of excellence and inclusivity in swimming.
In addition to promoting the sport, PVS is dedicated to ensuring equal access to competitive swimming for athletes of all ages and abilities. By adhering to the rules and standards set by PVS, USA Swimming, and the Federation Internationale de Natation (FINA), it maintains a structured environment that nurtures talent and encourages sportsmanship. This holistic approach not only enhances athletic skills but also builds community and promotes healthy lifestyles among its participants.
This information is meant to be a general summary of Potomac Valley 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 2023.
- Investment Income: $16,743
- Program Service Revenue: $815,257
- Gross Receipts: $1,143,398
Assets and Liabilities:
- Total Assets: $1,232,803
- Total Liabilities: $111,701
- Net Assets: $1,121,102
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Swim meet and entry fe
Revenue
$807,873
Swim meet equipment re
Revenue
$7,384
Organization Details
Founding Year
1983
Phone
(301) 606-0807Principal Officer
Ellen Colket
Main Address
PO Box 3729, McLean, VA, 22103
Website
www.pvswim.orgNTEE Category
Code: N67 - Recreation
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