Overview
What is Carmel Swim Club Inc?
Carmel Swim Club Inc is a nonprofit organization situated within the Carmel community, managed on behalf of the Carmel Clay Schools. Their primary objective is to foster amateur swimming and encourage physical fitness among youth and children through various activities. This includes teaching swim lessons, organizing swim meets, and conducting strength and conditioning classes to enhance muscle development and coordination. Moreover, the club offers members an opportunity to participate in national amateur swimming competitions. The Aquatics Center, managed by the club, caters to diverse age groups, even including senior adults, by providing a range of programs and activities tailored to their needs.
Official website here: www.carmelswimclub.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
Carmel Swim Club Inc has received a mixed evaluation, with a two-star rating indicating areas that require attention despite strong governance practices. The organization excels in accountability and finance, demonstrating a robust independent board structure and transparency in policies like conflict of interest and whistleblower protections.
However, significant concerns arise from financial reporting, particularly the lack of financial statements available for public access, which has severely impacted its overall rating. Additionally, the liabilities to assets ratio suggests potential financial instability, which may affect future operations and funding opportunities.
While the program expense ratio indicates that a substantial portion of resources is allocated to programs, the absence of critical financial documentation limits transparency and could hinder donor confidence. Overall, while there are strengths in governance and program delivery, the organization needs to improve its financial reporting practices to enhance its credibility and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Carmel Swim Club Inc legitimate?
Carmel Swim Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carmel Swim Club 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: $164,486
Professional Fundraising Fees: $0
Other Salaries and Wages: $855,618
For more financial information, click here
Official website here: www.carmelswimclub.org
What is the mission statement of Carmel Swim Club Inc?
Carmel Swim Club Inc has a mission to promote amateur swimming and physical fitness. This is achieved through various activities throughout the year, including teaching swim lessons, holding swim meets, and offering strength and conditioning classes. The club provides opportunities for members to compete in national amateur swimming competitions. Additionally, the club manages an aquatics center for the benefit of the community, offering programs and activities to meet the needs of all age groups, including senior adults. The goal is to promote physical fitness, muscle development, and coordination in youth and children, fostering a love for swimming and maintaining a healthy lifestyle.
Official website here: www.carmelswimclub.org
Who is the CEO of Carmel Swim Club Inc?
Brian Powers is the Chair / Pres of Carmel Swim Club Inc. The CEO's salary of Carmel Swim Club Inc is $180,256 and their total compensation is $180,256.
Official website here: www.carmelswimclub.org
What is the revenue of Carmel Swim Club Inc?
Carmel Swim Club Inc's revenue in 2022 was $2,058,719.
Official website here: www.carmelswimclub.org
Who are the executives of Carmel Swim Club Inc and what are their salaries?
The average compensation at Carmel Swim Club Inc during 2022 was $8,794. There are 116 employees and 625 volunteers at Carmel Swim Club Inc.
Here are 14 key members and their salaries (Carmel Swim Club Inc's CEO's salary is $180,256 and their total compensation is $180,256):
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Official website here: www.carmelswimclub.org
Where can I find the form 990 for Carmel Swim Club Inc?
Carmel Swim Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carmelswimclub.org
Learn more at the official website: www.carmelswimclub.org
Mission Statement of Carmel Swim Club Inc
Carmel Swim Club Inc, with its mission at heart, is committed to fostering amateur swimming and encouraging physical fitness among its members. The organization achieves this objective by offering swim lessons, hosting swim meets, and organizing various activities throughout the year. By doing so, it promotes swimming as a recreational and competitive pursuit, nurturing both skill and passion in young and old alike.
In addition to swimming, Carmel Swim Club Inc also focuses on physical fitness, particularly in the areas of muscle development and coordination. It accomplishes this through strength and conditioning classes, providing an opportunity for individuals to enhance their physical abilities and overall well-being. Furthermore, the club offers a platform for its members to participate in national amateur swimming competitions, empowering them to test their limits and grow as athletes.
Beyond swimming and fitness, Carmel Swim Club Inc manages an aquatics center, benefiting the local community on behalf of Carmel Clay Schools. This facility caters to diverse age groups, including senior adults, by offering programs and activities tailored to their needs. By promoting amateur swimming and physical fitness, Carmel Swim Club Inc contributes to the holistic development of its members, fostering their health, confidence, and competitive spirit.
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Impact
October, 2024
Carmel Swim Club Inc plays a vital role in promoting amateur swimming and physical fitness within the community. By offering swim lessons and holding swim meets, the club provides essential opportunities for individuals of all ages to develop their swimming skills and confidence in the water. In addition, the club organizes various activities throughout the year, which foster a love for swimming and encourage participation in the sport.
The impact extends beyond just swimming; the club emphasizes physical fitness, muscle development, and coordination, particularly for youth and children, through strength and conditioning classes. This not only helps in building a strong foundation for swimming but also promotes overall health and physical well-being.
Furthermore, the club facilitates competitive opportunities for its members, enabling them to participate in national amateur swimming competitions. By managing the Aquatics Center on behalf of Carmel Clay Schools, the club ensures that a wide range of programs and activities are available to meet the needs of the entire community, including senior adults. This broad reach makes the Carmel Swim Club Inc a cornerstone of community engagement, recreation, and healthy living in Carmel, IN.
This information is meant to be a general summary of Carmel Swim Club 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: $2,253
- Program Service Revenue: $1,585,311
- Gross Receipts: $2,058,890
Assets and Liabilities:
- Total Assets: $1,515,680
- Total Liabilities: $66,245
- Net Assets: $1,449,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SWIM MEETS AND LESSONS
Revenue
$830,477
MEMBERSHIP DUES
Revenue
$749,089
MISCELLANEOUS
Revenue
$5,745
Organization Details
Founding Year
1973
Phone
(317) 575-8244Principal Officer
Brian Powers
Main Address
515 E MAIN STREET SUITE 100, CARMEL, IN, 46032
Website
www.carmelswimclub.orgNTEE Category
Code: N67 - Recreation
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