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Star Swim Club Inc

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

EIN: 416541646 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Star Swim Club Inc?

Star Swim Club Inc, based in Minneapolis, Minnesota, is a nonprofit organization with a mission to foster swimming within the Saint Paul metropolitan area. They actively engage in promoting the sport by hosting three annual home meets, attracting an average of 100 swimmers each year. The club employs a team of eight individuals, all dedicated to realizing their mission.


Official website here: www.starswimteam.net

What are the reviews and ratings of this charity?

Charity Navigator Rating: 83% (Three-Star out of Four Star rating)

Star Swim Club Inc has achieved a solid rating of 83%, indicating a commendable level of financial health and accountability. The organization scores particularly well in areas such as having an independent board and a strong program expense ratio, with 81.69% of its expenses directed towards programs. This suggests a focus on effectively using funds to support its mission.

However, there are notable weaknesses in the charity's governance practices. The absence of a whistleblower policy and a document retention and destruction policy, both of which received a score of 0 out of 7 points, raises concerns about the organization's internal controls and transparency. Additionally, the failure to post its tax form on the nonprofit's website could hinder public access to important financial information.

Overall, while Star Swim Club Inc demonstrates a commitment to financial accountability and effective program expenditure, improvements in governance policies and transparency measures could enhance its operational integrity and public trust.


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

Is Star Swim Club Inc legitimate?

Star Swim Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Star Swim Club 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: $49,341
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,493

For more financial information, click here


Official website here: www.starswimteam.net

What is the mission statement of Star Swim Club Inc?

Star Swim Club Inc's mission is centered around promoting swimming within its community. Specifically, it aims to foster an interest in swimming within the Saint Paul, Minnesota metropolitan area. The club accomplishes this by organizing home meets, attracting an average of 100 swimmers annually. Beyond meets, the club likely encourages swimming as a recreational activity or a competitive sport, providing opportunities for individuals to improve their swimming skills and engage with the swimming community.


Official website here: www.starswimteam.net

Who is the CEO of Star Swim Club Inc?

Ana Bankovics is the Co-President of Star Swim Club Inc.


Official website here: www.starswimteam.net

What is the revenue of Star Swim Club Inc?

Star Swim Club Inc's revenue in 2022 was $171,656.


Official website here: www.starswimteam.net

Who are the executives of Star Swim Club Inc and what are their salaries?

The average compensation at Star Swim Club Inc during 2022 was $15,729. There are 8 employees and 150 volunteers at Star Swim Club Inc.


Here are 10 key members and their salaries:


Susan Lundsten (Co-President)
  • Compensation: $30,146
  • Related: $0
  • Other: $0
Paul Lundsten (Co-President)
  • Compensation: $9,879
  • Related: $0
  • Other: $0
Sarah Baumberger (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Bougie (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Ingersoll (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Heer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arif Mamdani (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Steineman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Holst (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Magnuson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.starswimteam.net

Where can I find the form 990 for Star Swim Club Inc?

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


Official website here: www.starswimteam.net

Learn more at the official website: www.starswimteam.net

Mission Statement of Star Swim Club Inc

Star Swim Club Inc, a prominent organization, is committed to fostering swimming within the Saint Paul, Minnesota metropolitan area. Their primary mission is to encourage and popularize the sport, attracting a consistent pool of around 100 swimmers annually through various home meets held throughout the year.

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Impact




October, 2024

Star Swim Club Inc plays a significant role in promoting swimming within the Saint Paul, Minnesota metropolitan area. By organizing home meets that attract an average of 100 swimmers each year, the club fosters a sense of community and encourages local engagement in aquatic activities. Through these events, participants not only improve their swimming skills but also gain valuable experience in a competitive setting. The club helps cultivate a passion for swimming among youth, promoting physical fitness, teamwork, and personal development. Overall, Star Swim Club Inc contributes to the health and well-being of the community by making swimming accessible and enjoyable for all.




This information is meant to be a general summary of Star Swim Club 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
$171,656 (2022)
Expenses
$206,644 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $145,146
  • Gross Receipts: $171,656

Assets and Liabilities:

  • Total Assets: $49,146
  • Total Liabilities: $4,183
  • Net Assets: $44,963

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Programs

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

Swim Fees

Revenue

$124,749

Meet Income

Revenue

$20,397

Organization Details

Founding Year

1975

Principal Officer

Ana Bankovics

Main Address

4915 29th Ave S, Minneapolis, MN, 55417

NTEE Category

Code: N67Z - Recreation

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