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Ripple Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411657782 ✦ Hopkins, MN ✦ Designated as a 501(c)(3)

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Overview

What is Ripple Inc?

Ripple Inc, situated in Hopkins, Minnesota, is a nonprofit organization with a focus on competitive swimming. Led primarily by parents, it offers swimming lessons and competitive opportunities to over 250 swimmers, ranging from ages 5 to 18. The primary aim of Ripple Inc is to foster an interest in competitive swimming, while simultaneously nurturing the swimmers' potential to the fullest. This is accomplished through a blend of sportsmanship, enjoyment, individual integrity, self-discipline, and team spirit. With a dedicated workforce of 23 individuals, Ripple Inc is committed to creating a positive and engaging swimming environment.


Official website here: www.hurricanesmn.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%, Three-Star out of Four Star rating

Ripple Inc has achieved an overall score of 81%, indicating a solid level of accountability and financial health. The organization excels in governance, with 100% of its board members being independent, which suggests a commitment to proper oversight and transparency. Furthermore, there are no material diversions of assets reported, highlighting the charity's integrity in managing its resources.

The nonprofit also showcases strong financial practices, boasting a program expense ratio of 100%, meaning that all its expenses are directed towards its programs. This is a positive indicator for potential donors, suggesting that contributions are effectively utilized for the charity's mission. Additionally, the organization has comprehensive policies in place regarding conflict of interest, whistleblower protections, and document retention.

However, while Ripple Inc demonstrates commendable strengths in governance and financial management, there is always room for improvement. Continuous transparency and engagement with stakeholders can further enhance its credibility and effectiveness in fulfilling its mission. Overall, the organization stands out as a reliable option for those looking to support charitable causes.


This AI summary has been generated from information found on Charity Navigator.

Is Ripple Inc legitimate?

Ripple Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ripple 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: $59,861
Professional Fundraising Fees: $0
Other Salaries and Wages: $254,950

For more financial information, click here


Official website here: www.hurricanesmn.com

What is the mission statement of Ripple Inc?

Ripple Inc, as a non-profit organization, is primarily focused on nurturing an interest in competitive swimming among its members. Its mission is to foster the fullest potential of each swimmer, encouraging qualities such as sportsmanship, enjoyment, integrity, self-discipline, and team spirit. The team, which caters to swimmers aged between 5 and 18, provides comprehensive competitive swimming instruction and offers ample opportunities for these young athletes to showcase their skills.


Official website here: www.hurricanesmn.com

Who is the CEO of Ripple Inc?

Matt Chapman is the Head Coach of Ripple Inc.


Official website here: www.hurricanesmn.com

What is the revenue of Ripple Inc?

Ripple Inc's revenue in 2022 was $747,577.


Official website here: www.hurricanesmn.com

Who are the executives of Ripple Inc and what are their salaries?

The average compensation at Ripple Inc during 2022 was $13,687. There are 23 employees and 200 volunteers at Ripple Inc.


Here are 8 key members and their salaries:


Julie Stone (Head Coach)
  • Compensation: $59,861
  • Related: $0
  • Other: $0
Matt Chapman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ran Van De Wynkel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Cahill (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Lester (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Simpson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maren Ahlberg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alicia Kropelnicki (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hurricanesmn.com

Where can I find the form 990 for Ripple Inc?

Ripple Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hurricanesmn.com

Learn more at the official website: www.hurricanesmn.com

Mission Statement of Ripple Inc

Ripple Inc, a non-profit organization, is primarily focused on nurturing a passion for competitive swimming among young individuals. Their mission is multifaceted, encompassing the development of swimmers to their fullest potential, fostering good sportsmanship, and encouraging enjoyment, individual integrity, self-discipline, and team play. This parent-led USA Swimming competitive swim team caters to over 250 swimmers, ranging from ages 5 to 18, offering them comprehensive instructions and opportunities to excel in the competitive swimming sphere.

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Impact




July, 2024

Ripple Inc's impact can be seen in the promotion of competitive swimming and the development of over 250 young swimmers between the ages of 5 to 18. Through their parent-led USA Swimming competitive youth swim team, known as the Hurricanes, Ripple Inc provides valuable opportunities for swimmers to improve their skills, foster good sportsmanship, and develop qualities such as individual integrity, self-discipline, and teamwork. By offering competitive swimming instructions and fostering a love for the sport, Ripple Inc is helping young athletes reach their fullest potential both in and out of the pool.




This information is meant to be a general summary of Ripple 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.

Revenue
$747,577 (2022)
Expenses
$626,878 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $305
  • Program Service Revenue: $590,010
  • Gross Receipts: $747,577

Assets and Liabilities:

  • Total Assets: $276,260
  • Total Liabilities: $0
  • Net Assets: $276,260

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Youth Sports Team

Revenue

$589,173

Organization Details

Founding Year

1990

Principal Officer

Matt Chapman

Main Address

PO Box 552, Hopkins, MN, 55343

NTEE Category

Code: N66Z - Recreation

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