Overview
What is Oakland Live Y'Ers Inc?
Oakland Live Y'Ers Inc is a nonprofit organization situated in Rochester, Michigan, devoted to fostering swimming and competitive sports. This inclusive organization caters to swimmers at various skill levels, ranging from novices to seasoned competitors. Its primary objective is to encourage athletic competition through swimming, providing a platform for personal growth and development.
Official website here: www.olyswim.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Oakland Live Y'Ers Inc has received a rating indicating that it needs improvement, with a score of 73%. The organization demonstrates some strengths, including a high program expense ratio of 98.99%, indicating that the majority of its funds are directed towards its programs. Additionally, it has a fully independent board with 71% of board members being independent, which is a positive indicator of governance.
However, certain significant weaknesses impact its overall rating. The organization has not provided financial statements, resulting in a score of zero in that area. There are also missing policies, including conflict of interest and whistleblower policies, which could affect transparency and accountability. These gaps in documentation and policy may raise concerns for potential donors regarding the nonprofit's governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Oakland Live Y'Ers Inc legitimate?
Oakland Live Y'Ers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakland Live Y'Ers 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: $140,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,577
For more financial information, click here
Official website here: www.olyswim.com
What is the mission statement of Oakland Live Y'Ers Inc?
Oakland Live Y'Ers Inc, as a swim team, is dedicated to promoting swimming and athletic competition. They offer programs catering to swimmers at various skill levels, ranging from beginners to those aiming for competitions. The mission of this organization is to foster an environment that encourages athletic growth and competition, providing opportunities for individuals to hone their swimming skills.
Official website here: www.olyswim.com
What is the revenue of Oakland Live Y'Ers Inc?
Oakland Live Y'Ers Inc's revenue in 2023 was $978,231.
Official website here: www.olyswim.com
Who are the executives of Oakland Live Y'Ers Inc and what are their salaries?
The average compensation at Oakland Live Y'Ers Inc during 2023 was $29,596. There are 6 employees at Oakland Live Y'Ers Inc.
Here are 7 key members and their salaries:
- Compensation: $77,500
- Related: $0
- Other: $0
- Compensation: $62,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.olyswim.com
Where can I find the form 990 for Oakland Live Y'Ers Inc?
Oakland Live Y'Ers Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.olyswim.com
Learn more at the official website: www.olyswim.com
Mission Statement of Oakland Live Y'Ers Inc
Oakland Live Y'ers Inc, a dedicated swim team, is committed to fostering swimming and athletic competition. This organization caters to swimmers at various skill levels, from novices to competitive athletes. Its mission is to encourage a love for swimming and athletics, providing an inclusive environment where individuals can hone their skills and compete at their own pace.
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Impact
July, 2024
Oakland Live Y'Ers Inc's impact lies in its mission to promote swimming and athletic competition. By providing programs for swimmers of all levels, from beginners to competitive athletes, the organization plays a significant role in fostering a healthy and active lifestyle among individuals in the community. Through its dedication to the sport of swimming, Oakland Live Y'Ers Inc not only enhances physical fitness but also instills values of teamwork, discipline, and sportsmanship in its members. Additionally, by organizing events and competitions, the organization contributes to creating a vibrant and engaging sports community in Rochester, MI.
This information is meant to be a general summary of Oakland Live Y'Ers 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: $25
- Program Service Revenue: $969,252
- Gross Receipts: $978,241
Assets and Liabilities:
- Total Assets: $351,212
- Total Liabilities: $29,394
- Net Assets: $321,818
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COURSE SWIM FEES
Revenue
$717,130
MEET ENTRIES
Revenue
$170,904
POOL MANAGEMENT SERVICES
Revenue
$66,612
ADMISSIONS AND MEETS
Revenue
$5,796
SPONSORSHIPS/ADVERTISING
Revenue
$5,000
Organization Details
Founding Year
1998
Principal Officer
Robin Brooks Vanderkaay
Website
www.olyswim.comNTEE Category
Code: N67 - Recreation
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