Overview
What is South West Aquatic Team Inc?
South West Aquatic Team Inc, located in Greenfield, Wisconsin, is a nonprofit organization primarily focused on encouraging, promoting, and teaching competitive swimming to children under the age of 18. With a dedicated team of 61 individuals, the organization's mission revolves around fostering competitive swimming skills. Throughout the year, over 280 children participate in approximately 30 swim meets, providing ample opportunities for participation and growth. The South West Aquatic Team Inc actively contributes to the development of young swimmers, fostering a love for the sport and promoting a sense of camaraderie and competition.
Official website here: www.swimswat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 69%)
South West Aquatic Team Inc has received a two-star rating from Charity Navigator, indicating that there are several areas needing improvement. While the organization demonstrates strong accountability with 100% independent board members and a solid liabilities to assets ratio of 4.01%, there are significant concerns regarding the lack of financial transparency. The absence of financial statements and key policies, such as conflict of interest and whistleblower policies, has impacted their overall score.
Despite these weaknesses, the nonprofit shows a commendable program expense ratio of 98.89%, suggesting that a very high percentage of its funds are directed towards its programs rather than administrative costs. This focus on programmatic spending reflects a commitment to the mission, although the lack of comprehensive financial reporting may hinder trust among potential donors.
In summary, while South West Aquatic Team Inc has some strengths, particularly in governance and program spending, it also faces critical issues that require urgent attention. Addressing missing policies and improving financial transparency will be essential for enhancing its rating and strengthening community confidence.
This AI summary has been generated from information found on Charity Navigator.
Is South West Aquatic Team Inc legitimate?
South West Aquatic Team Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South West Aquatic Team 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: $289,905
For more financial information, click here
Official website here: www.swimswat.org
What is the mission statement of South West Aquatic Team Inc?
The South West Aquatic Team Inc's mission is centered around promoting and instructing competitive swimming. This organization strives to foster a competitive swimming environment for children under the age of 18, engaging over 280 young swimmers who participate in over 30 swim meets annually.
Official website here: www.swimswat.org
Who is the CEO of South West Aquatic Team Inc?
Kristie Rask is the President of South West Aquatic Team Inc.
Official website here: www.swimswat.org
What is the revenue of South West Aquatic Team Inc?
South West Aquatic Team Inc's revenue in 2023 was $528,465.
Official website here: www.swimswat.org
Who are the executives of South West Aquatic Team Inc and what are their salaries?
The average compensation at South West Aquatic Team Inc during 2023 was $4,753. There are 61 employees at South West Aquatic Team Inc.
Here are 7 key members and their salaries:
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Official website here: www.swimswat.org
Where can I find the form 990 for South West Aquatic Team Inc?
South West Aquatic Team Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.swimswat.org
Learn more at the official website: www.swimswat.org
Mission Statement of South West Aquatic Team Inc
South West Aquatic Team Inc, as an organization, is committed to promoting and teaching competitive swimming. Their mission is to encourage, foster, and educate children, aged 18 years and under, in the art of competitive swimming. Throughout the year, over 280 children from the team participate in over 30 swim meets, showcasing their skills and passion for the sport. The organization plays a significant role in nurturing young swimmers, providing them with the opportunity to compete and hone their swimming abilities.
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Impact
July, 2024
South West Aquatic Team Inc's impact lies in its commitment to promoting and teaching competitive swimming to children under the age of 18 in Greenfield, WI. With over 280 children actively participating in over 30 swim meets throughout the year, the organization plays a significant role in fostering a love for the sport, building valuable skills, and providing a platform for young athletes to flourish and grow. Through its dedication to encouraging young swimmers and offering them opportunities to compete and improve, South West Aquatic Team Inc is making a positive impact on the lives of its members and contributing to the development of the swimming community in the region.
This information is meant to be a general summary of South West Aquatic Team 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: $115
- Program Service Revenue: $517,470
- Gross Receipts: $528,465
Assets and Liabilities:
- Total Assets: $440,265
- Total Liabilities: $17,736
- Net Assets: $422,529
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$517,470
Organization Details
Founding Year
1976
Principal Officer
Kristie Rask
Main Address
PO BOX 20738, GREENFIELD, WI, 532200738
Website
www.swimswat.orgNTEE Category
Code: N67Z - Recreation
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