Overview
What is Louisville Seahawks Inc?
Louisville Seahawks Inc, a nonprofit organization based in Louisville, Kentucky, is deeply committed to fostering competitive swimming excellence. With a dedicated team of professionals and parent volunteers, they provide a motivating and healthy environment for swimmers to reach their full potential, both in athletic competition and personal growth. The organization has achieved significant success at various levels, with numerous swimmers earning scholarships and recognitions. Louisville Seahawks Inc also hosts the oldest continuously running open competitive swim meet in the United States, dating back to 1928 at the Lakeside Quarry. The mission of this organization is to teach competitive swimming and instill a passion for the sport, emphasizing sportsmanship, integrity, and commitment while helping younger swimmers set and achieve their goals. The organization currently employs 17 individuals.
Official website here: www.lakesideseahawks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 69% overall score)
Louisville Seahawks Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its operations and transparency. While the organization has a high percentage of independent board members, which is a positive sign for governance, it struggles significantly in financial transparency, having no financial statements available for review.
The strengths of Louisville Seahawks include a strong program expense ratio of 90.66%, suggesting that the majority of its expenditures go directly towards its programs rather than administrative costs. Additionally, the organization has a low liabilities to assets ratio of 2.13%, indicating a healthy financial status in relation to its obligations. However, the lack of critical governance policies such as a conflict of interest policy and a whistleblower policy raises concerns about its accountability and operational integrity.
Overall, while the organization demonstrates positive aspects in terms of program spending and board independence, the significant shortcomings in financial documentation and policy establishment highlight areas that require attention to enhance trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Louisville Seahawks Inc legitimate?
Louisville Seahawks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisville Seahawks 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,488
For more financial information, click here
Official website here: www.lakesideseahawks.org
What is the mission statement of Louisville Seahawks Inc?
The Louisville Seahawks Inc., as a competitive swimming program, is committed to teaching children the sport and fostering a passion for it. They emphasize values such as sportsmanship, integrity, and commitment while helping younger swimmers establish and achieve their goals. Their swimmers participate in competitions at local, regional, and national levels, with some even qualifying for prestigious events like the US Olympic Trials and various World Championship events.
Official website here: www.lakesideseahawks.org
Who is the CEO of Louisville Seahawks Inc?
Kortney Ryan is the President of Louisville Seahawks Inc.
Official website here: www.lakesideseahawks.org
What is the revenue of Louisville Seahawks Inc?
Louisville Seahawks Inc's revenue in 2022 was $1,266,153.
Official website here: www.lakesideseahawks.org
Who are the executives of Louisville Seahawks Inc and what are their salaries?
The average compensation at Louisville Seahawks Inc during 2022 was $23,852. There are 17 employees and 200 volunteers at Louisville Seahawks Inc.
Here are 8 key members and their salaries:
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- Compensation: $157,500
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Official website here: www.lakesideseahawks.org
Where can I find the form 990 for Louisville Seahawks Inc?
Louisville Seahawks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakesideseahawks.org
Learn more at the official website: www.lakesideseahawks.org
Mission Statement of Louisville Seahawks Inc
Louisville Seahawks Inc, a dedicated swim program, is committed to teaching competitive swimming to children and fostering a passion for the sport. The organization emphasizes values such as sportsmanship, integrity, and commitment, helping younger swimmers set and achieve their goals. The swimmers under Louisville Seahawks Inc's tutelage compete on various levels, including locally, regionally, and nationally. Some of these talented swimmers even participate in prestigious events like the US Olympic Trials and World Championship events.
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Impact
October, 2024
Louisville Seahawks Inc significantly impacts the community by fostering a love for competitive swimming among children. Through a dedicated program, young swimmers not only learn essential skills but also embrace values such as sportsmanship, integrity, and commitment. This nurturing environment encourages swimmers to set and achieve personal goals while promoting healthy competition.
The organization supports athletes competing at local, regional, and national levels, with some swimmers aspiring to the U.S. Olympic Trials and other prestigious championship events. The commitment of professional coaching staff and devoted parent volunteers enhances the swimmers' experiences, allowing them to reach their fullest potential in both athletic performance and personal development.
Moreover, the Louisville Seahawks Inc continues to uphold a long-standing tradition in the swimming community by hosting the oldest running open competitive swim meet in the United States, which has been an annual event since 1928. This not only highlights the organization’s historical significance but also reinforces its role as a pillar of competitive swimming in Louisville, Kentucky. Through their efforts, athletes have achieved notable recognition, including college scholarships, further affirming the impact of the program on their futures.
This information is meant to be a general summary of Louisville Seahawks 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: $3,953
- Program Service Revenue: $1,122,797
- Gross Receipts: $1,266,153
Assets and Liabilities:
- Total Assets: $684,987
- Total Liabilities: $62,266
- Net Assets: $622,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SWIM TRAINING FEES
Revenue
$836,631
SWIM MEET ENTRY FEES
Revenue
$286,166
Organization Details
Founding Year
1982
Phone
(502) 451-4333Principal Officer
Kortney Ryan
Main Address
1928 WOODBOURNE AVENUE, LOUISVILLE, KY, 40205
Website
www.lakesideseahawks.orgNTEE Category
Code: N67 - Recreation
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