Overview
What is Rocket Aquatics Inc?
Rocket Aquatics Inc, located in Menomonee Falls, Wisconsin, serves as a nonprofit organization dedicated to fostering the swimming abilities of individuals across various skill levels. With a team of 13 dedicated employees, their mission is to offer facilities and coaching to prepare swimmers for local, regional, and national competitions. The organization currently supports approximately 250 swimmers, providing them with the necessary resources to excel in their swimming journeys.
Official website here: www.rocketaquatics.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
Rocket Aquatics Inc has received a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization excels in several areas, including having a fully independent board and no material diversion of assets. Strong performance is also noted in the program expense ratio, which stands at 100%, demonstrating that all of its expenses are directed towards its programs.
However, the rating highlights some limitations, particularly related to governance policies. The charity lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which have resulted in scoring zero for these critical areas. These gaps indicate potential weaknesses in organizational oversight that could impact its overall effectiveness and trustworthiness.
Overall, while Rocket Aquatics Inc shows strong financial responsibility and a commitment to its mission, the absence of certain governance policies could be a concern for donors prioritizing transparency and accountability. Addressing these limitations may enhance their overall rating and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Rocket Aquatics Inc legitimate?
Rocket Aquatics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rocket Aquatics 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: $111,101
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rocketaquatics.org
What is the mission statement of Rocket Aquatics Inc?
Rocket Aquatics Inc is dedicated to offering facilities and coaching to train swimmers of varying abilities, enabling them to participate in various local, regional, and national swimming competitions. With around 250 swimmers under their guidance, their mission is geared towards fostering the growth and success of these athletes in the swimming arena. The organization's primary focus is on providing an inclusive environment where swimmers can hone their skills and build their confidence, ultimately preparing them for various swimming meets.
Official website here: www.rocketaquatics.org
Who is the CEO of Rocket Aquatics Inc?
Eric Benoit is the Head Coach/Board Member of Rocket Aquatics Inc.
Official website here: www.rocketaquatics.org
What is the revenue of Rocket Aquatics Inc?
Rocket Aquatics Inc's revenue in 2022 was $468,087.
Official website here: www.rocketaquatics.org
Who are the executives of Rocket Aquatics Inc and what are their salaries?
The average compensation at Rocket Aquatics Inc during 2022 was $8,546. There are 13 employees and 175 volunteers at Rocket Aquatics Inc.
Here are 9 key members and their salaries:
- Compensation: $111,101
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rocketaquatics.org
Where can I find the form 990 for Rocket Aquatics Inc?
Rocket Aquatics Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rocketaquatics.org
Learn more at the official website: www.rocketaquatics.org
Mission Statement of Rocket Aquatics Inc
Rocket Aquatics Inc, a renowned organization, is committed to empowering swimmers of all abilities. Their mission revolves around providing facilities and coaching to prepare these swimmers for participation in various local, regional, and national swimming competitions. With approximately 250 swimmers under their wing, Rocket Aquatics Inc plays a significant role in nurturing swimming talent and fostering their competitive spirit. Their mission is not just about training swimmers to win races, but also about instilling discipline, teamwork, and resilience in them, which are valuable life skills.
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Impact
July, 2024
Rocket Aquatics Inc has a significant impact on the swimming community in Menomonee Falls, Wisconsin. With a mission to train swimmers of all abilities to compete in various local, regional, and national swimming meets, they provide facilities and coaching to approximately 250 swimmers. By nurturing and developing swimming skills, Rocket Aquatics Inc helps individuals improve their athletic abilities, foster teamwork, and achieve success in competitive swimming events. Through their dedicated efforts, they contribute to the overall growth and talent development within the swimming community, creating opportunities for swimmers to excel both in and out of the pool.
This information is meant to be a general summary of Rocket Aquatics 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: $33
- Program Service Revenue: $468,054
- Gross Receipts: $468,087
Assets and Liabilities:
- Total Assets: $163,158
- Total Liabilities: $60,908
- Net Assets: $102,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Services
Revenue
$468,054
Organization Details
Founding Year
1962
Phone
(414) 507-3418Principal Officer
Eric Benoit
Main Address
PO Box 0344, Menomonee Falls, WI, 53052
Website
www.rocketaquatics.orgNTEE Category
Code: N67 - Recreation
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