Overview
What is Edina Swim Club?
Edina Swim Club (ESC) is a prominent member of the Minnesota Chapter of USA Swimming, housing approximately 60 clubs. This nonprofit organization, located at 6801 Brook Drive, Edina, Minnesota 55439, is dedicated to developing swimmers of diverse abilities, enabling them to reach their full athletic potential. The club offers various levels of programs, ranging from Gators Levels I, II, III to Age Group Levels Prep, Bronze, Silver, Gold, and Seniors, as well as Masters programs. The core values instilled in the swimmers through these programs include excellence, love for swimming, sportsmanship, teamwork, competition, and integrity. In essence, Edina Swim Club fosters a balanced environment that combines fun, hard work, and team spirit, ultimately contributing to the long-term success of its swimmers in the pool and as responsible citizens. The nonprofit employs a total of 32 individuals.
Official website here: www.edinaswim.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating
The Edina Swim Club has earned an 84% rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is derived solely from its Accountability & Finance metrics, reflecting a strong commitment to managing its resources effectively. The organization boasts a high percentage of independent board members, contributing positively to its governance.
However, the club does have some areas for improvement. Notably, it lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which were all scored as missing. This may raise concerns regarding transparency and risk management.
On a positive note, the organization demonstrates strong financials with a program expense ratio of 82.78%, indicating that a significant majority of its funds are directed towards its programs. The liabilities to assets ratio of 6.36% also shows the club maintains a healthy balance sheet. Overall, while the Edina Swim Club shows promise in managing its finances, addressing the missing governance policies could enhance its overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Edina Swim Club legitimate?
Edina Swim Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edina Swim Club 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: $90,365
Professional Fundraising Fees: $0
Other Salaries and Wages: $275,297
For more financial information, click here
Official website here: www.edinaswim.com
What is the mission statement of Edina Swim Club?
The Edina Swim Club's mission is centered around fostering swimmers of diverse abilities, helping them reach their full athletic potential. This is achieved through a combination of fun and rigorous work in a team-oriented environment that promotes long-term success in swimming and as responsible citizens. As part of the Minnesota Chapter of USA Swimming, the club offers various levels of programs, including Gators Levels I, II, III, Age Group Levels Prep, Bronze, Silver, Gold, and Seniors, Prep, Bronze, Silver, Gold, National, and Masters. The core values taught within these programs encompass excellence, love for swimming, sportsmanship, teamwork, competition, and integrity.
Official website here: www.edinaswim.com
Who is the CEO of Edina Swim Club?
Terri Thompson is the Principal Officer of Edina Swim Club. The CEO's salary of Edina Swim Club is $89,833 and their total compensation is $91,873.
Official website here: www.edinaswim.com
What is the revenue of Edina Swim Club?
Edina Swim Club's revenue in 2022 was $917,580.
Official website here: www.edinaswim.com
Who are the executives of Edina Swim Club and what are their salaries?
The average compensation at Edina Swim Club during 2022 was $11,427. There are 32 employees and 150 volunteers at Edina Swim Club.
Here are 9 key members and their salaries (Edina Swim Club's CEO's salary is $89,833 and their total compensation is $91,873):
- Compensation: $89,833
- Related: $0
- Other: $2,040
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.edinaswim.com
Where can I find the form 990 for Edina Swim Club?
Edina Swim Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edinaswim.com
Learn more at the official website: www.edinaswim.com
Mission Statement of Edina Swim Club
Edina Swim Club, a member of the Minnesota Chapter of USA Swimming, is committed to nurturing swimmers of varying abilities to reach their full athletic potential. The mission of this esteemed swimming organization is to prepare swimmers for the pinnacle of the sport. Edina Swim Club fosters an environment that harmoniously mixes fun and rigor, promoting teamwork and instilling values such as excellence, love for swimming, sportsmanship, teamwork, competition, and integrity. The club offers a range of levels, including Gators Levels I, II, III, Age Group Levels Prep, Bronze, Silver, Gold, and Seniors, as well as Masters, Prep, Bronze, Silver, Gold, and National programs. Through these comprehensive programs, Edina Swim Club strives to cultivate not just accomplished swimmers but also well-rounded individuals who embody good citizenship.
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Impact
July, 2024
Edina Swim Club's impact is significant in developing swimmers of various abilities to achieve their full athletic potential. Through its programs that cater to different levels - from beginners to national-level swimmers - the club promotes excellence, a love for swimming, sportsmanship, teamwork, competition, and integrity. By combining fun with hard work in a team-building atmosphere, Edina Swim Club nurtures athletes to succeed both in the pool and as good citizens.
This information is meant to be a general summary of Edina Swim Club. 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: $34
- Program Service Revenue: $917,492
- Gross Receipts: $917,580
Assets and Liabilities:
- Total Assets: $498,385
- Total Liabilities: $21,121
- Net Assets: $477,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SWIM REVENUE
Revenue
$618,799
MEETS
Revenue
$179,028
REGISTRATION FEES
Revenue
$57,795
SWIM LESSONS
Revenue
$56,494
APPAREL INCOME
Revenue
$5,376
Organization Details
Founding Year
1976
Phone
(612) 308-5362Principal Officer
Terri Thompson
Main Address
6801 BROOK DRIVE, EDINA, MN, 55439
Website
www.edinaswim.comNTEE Category
Code: N67 - Recreation
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