Overview
What is Lake Country Swim Team Ltd?
Lake Country Swim Team Ltd is a nonprofit organization situated in Hartland, Wisconsin. Their primary focus is on offering competitive swim training to around 250 local children. They have a significant impact on the community by hosting various swimming competitions, including three major events that attracted approximately 2000 swimmers from different states. The organization also organizes nine minor competitions, providing racing opportunities to around 1000 local and area swimmers. The mission of Lake Country Swim Team Ltd is to develop positive character traits, improve physical and mental fitness, and teach water safety through swim instruction and competitive swimming opportunities for youth. With a team of 55 dedicated employees, they strive to provide a nurturing environment for youth swimmers to thrive in their sport.
Official website here: www.lakecountryswimming.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating. This rating indicates that Lake Country Swim Team Ltd has some strengths but also notable weaknesses, particularly in its accountability and transparency practices. While the organization scores well in areas such as board independence and financial management, it falls short in implementing essential policies related to conflict of interest, whistleblower protections, and document retention.
The nonprofit has an independent board comprised entirely of members who are not affiliated with the organization, which is a positive aspect for governance. Furthermore, it maintains a low liabilities-to-assets ratio and a strong program expense ratio, suggesting that funds are primarily directed towards its mission-related activities. These factors contribute positively to the overall financial health and operational integrity of the organization.
However, the lack of crucial policies raises concerns about accountability and risk management. The absence of a conflict of interest policy, whistleblower policy, and proper documentation retention practices indicates areas for improvement that could enhance the organization’s transparency and trustworthiness. Addressing these deficiencies will be important for Lake Country Swim Team Ltd to strengthen its standing and ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Country Swim Team Ltd legitimate?
Lake Country Swim Team Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Country Swim Team Ltd 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: $86,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $270,835
For more financial information, click here
Official website here: www.lakecountryswimming.com
What is the mission statement of Lake Country Swim Team Ltd?
Lake Country Swim Team Ltd's mission is centered around providing swim instruction and competitive swimming opportunities for youth. Their primary goal is to develop positive character traits, enhance physical and mental fitness, and teach essential water safety skills. The organization accomplishes this by offering competitive swim training for numerous children, hosting major competitions, and organizing minor competitions, offering racing opportunities to a large number of swimmers. Through these activities, Lake Country Swim Team Ltd aims to foster the growth and development of young swimmers, preparing them for local, state, and national competitions.
Official website here: www.lakecountryswimming.com
Who is the CEO of Lake Country Swim Team Ltd?
Mark K Kohnhorst is the Principal Officer of Lake Country Swim Team Ltd.
Official website here: www.lakecountryswimming.com
What is the revenue of Lake Country Swim Team Ltd?
Lake Country Swim Team Ltd's revenue in 2022 was $642,755.
Official website here: www.lakecountryswimming.com
Who are the executives of Lake Country Swim Team Ltd and what are their salaries?
The average compensation at Lake Country Swim Team Ltd during 2022 was $6,504. There are 55 employees and 200 volunteers at Lake Country Swim Team Ltd.
Here are 11 key members and their salaries:
- Compensation: $86,896
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- Other: $2,688
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Official website here: www.lakecountryswimming.com
Where can I find the form 990 for Lake Country Swim Team Ltd?
Lake Country Swim Team Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakecountryswimming.com
Learn more at the official website: www.lakecountryswimming.com
Mission Statement of Lake Country Swim Team Ltd
Lake Country Swim Team Ltd, a prominent organization, is dedicated to providing swim instruction and competitive swimming opportunities for over 300 youth swimmers. Their mission is multifaceted, aiming to develop positive character traits, enhance physical and mental fitness, and teach essential water safety skills in these young individuals. By participating in the competitive swim programs offered by Lake Country Swim Team Ltd, these children are given the chance to compete in local, state, and national competitions, gaining valuable experience and confidence. The organization hosts various events, including major competitions like the State Championship Meet and multi-state competitions, providing ample swimming racing opportunities for approximately 2000 swimmers. Additionally, Lake Country Swim Team Ltd organizes minor competitions, offering local and area swimmers around 1000 the chance to showcase their skills.
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Impact
July, 2024
Lake Country Swim Team Ltd's impact is significant in the community of Hartland, WI. They provide swim instruction and competitive opportunities for over 300 area youth swimmers. Through their competitive swim programs, they offer training for 250 children, host major competitions including State Championships and multi-state meets, and organize minor competitions that benefit about 1,000 local and area swimmers. By promoting positive character traits, improving physical and mental fitness, and teaching water safety, Lake Country Swim Team Ltd is contributing to the development and well-being of the youth in their community.
This information is meant to be a general summary of Lake Country Swim Team Ltd. 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: $766
- Program Service Revenue: $551,686
- Gross Receipts: $642,755
Assets and Liabilities:
- Total Assets: $232,554
- Total Liabilities: -$24,347
- Net Assets: $256,901
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Swim Team Training and Membership Fees
Revenue
$361,797
Swim Meet Revenue
Revenue
$125,923
Swim Lesson Revenue
Revenue
$62,590
Organization Details
Founding Year
1982
Phone
(262) 367-7657Principal Officer
Mark K Kohnhorst
Main Address
PO Box 181, Hartland, WI, 53029
Website
www.lakecountryswimming.comNTEE Category
Code: N67 - Recreation
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