Overview
What is Fox Valley Swim Team?
Fox Valley Swim Team is a nonprofit organization located in Naperville, Illinois. Their primary focus is to teach children essential swimming skills and stroke techniques throughout the year, preparing them for swim team competitions to further enhance their abilities. Their mission is to foster a nationally competitive U.S.A. swim team, enabling each individual to realize their dreams through quality year-round training. They aim to develop well-rounded student-athletes, promoting team spirit, open communication, and sportsmanship. With a dedicated workforce of 31 employees, Fox Valley Swim Team is committed to nurturing the swimming talents of young individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
Fox Valley Swim Team has received a solid Three-Star rating from Charity Navigator, indicating a respectable level of financial health and accountability. With an overall score of 80%, the organization demonstrates strong oversight, particularly highlighted by its 100% independent board members and a well-structured audit and oversight committee, receiving full points in these areas.
The swim team's financial management is commendable, showcased by a program expense ratio of 92.24%, which reflects a commitment to utilizing funds effectively towards their mission. Additionally, the low liabilities to assets ratio of 17.09% indicates that the organization maintains a strong financial position with minimal debt, further enhancing its reliability as a nonprofit.
However, while the overall ratings and financial metrics are strong, there are no specific details provided about the organization's program outcomes or impact on the community. This lack of data may limit potential donors' understanding of the broader effects of their contributions beyond financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Fox Valley Swim Team legitimate?
Fox Valley Swim Team is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fox Valley Swim Team 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: $414,600
For more financial information, click here
What is the mission statement of Fox Valley Swim Team?
The Fox Valley Swim Team's mission is centered around fostering competitiveness in USA Swimming, with a focus on nurturing each swimmer's potential to achieve their dreams. This is accomplished through rigorous year-round training. The team also strives to develop well-rounded student-athletes, promoting team spirit, open communication, and good sportsmanship. Their activities extend beyond swimming competitions, helping young swimmers improve their skills throughout the year.
What is the revenue of Fox Valley Swim Team?
Fox Valley Swim Team's revenue in 2023 was $822,360.
Who are the executives of Fox Valley Swim Team and what are their salaries?
The average compensation at Fox Valley Swim Team during 2023 was $10,631. There are 39 employees and 200 volunteers at Fox Valley Swim Team.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Fox Valley Swim Team?
Fox Valley Swim Team's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fox Valley Swim Team
The Fox Valley Swim Team, as a nationally competitive USA swim team, is dedicated to fostering the growth and development of each individual member. This is achieved through year-round, high-quality training, aiming to help each swimmer realize their dreams. The team also focuses on cultivating well-rounded student-athletes, promoting team spirit, open communication, and sportsmanship. In a practical sense, the team educates children on basic swimming techniques and stroke mechanics throughout the year, preparing them for swim team competitions to further enhance their swimming skills.
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Impact
July, 2024
Fox Valley Swim Team's impact is evident in the growth and development of its members as nationally competitive swimmers. Through quality year-round training, this team enables individuals to realize their dreams and fully develop their swimming abilities. By fostering a spirit of team unity, open communication, and sportsmanship, Fox Valley Swim Team not only teaches basic swimming and stroke techniques but also instills valuable life skills in its student-athletes. Overall, the team's dedication to excellence in swimming helps shape well-rounded individuals who excel both in and out of the pool.
This information is meant to be a general summary of Fox Valley Swim Team. 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.
- Program Service Revenue: $819,954
- Gross Receipts: $822,360
Assets and Liabilities:
- Total Assets: $352,351
- Total Liabilities: $53,842
- Net Assets: $298,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT FEES
Revenue
$819,954
Organization Details
Founding Year
2005
Principal Officer
Shannon Meurer
NTEE Category
Code: N67 - Recreation
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