Overview
What is Sioux Falls Swim Team Inc?
Sioux Falls Swim Team Inc, based in Sioux Falls, South Dakota, is a nonprofit organization that aims to promote amateur sports competition on a national and international level. During the 2022 fiscal year, they provided swimming instruction and training to 250 athletes, demonstrating their commitment to nurturing swimming talent. In addition, they offered needs-based scholarships to five families in the local community, showcasing their dedication to supporting the community. The Swim Team's achievements were evident as they claimed the championship title at both the South Dakota Short Course and Long Course State Championships. Furthermore, they recognized an outstanding senior athlete with a 1,000 academic scholarship. With a team of 18 dedicated individuals, Sioux Falls Swim Team Inc continues to foster a competitive swimming environment in the region.
Official website here: www.teamunify.com/team/czsdsfs
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
The Sioux Falls Swim Team Inc has received a Three-Star rating from Charity Navigator, indicating a 76% score based on its accountability and finance metrics. This rating reflects a strong commitment to transparency and efficient financial management, with a particularly high program expense ratio of 96.80%, suggesting that the majority of its resources are directed towards its mission.
The organization demonstrates solid governance practices, with a fully independent board comprised of nine members and no instances of material diversion of assets reported. However, certain key policies, such as a conflict of interest policy and whistleblower policy, are currently missing, which could impact overall accountability. These gaps in governance policies are areas for improvement that the organization needs to address.
Overall, while the Sioux Falls Swim Team Inc shows strong financial practices and accountability, enhancing its governance policies would further strengthen its rating and public trust. The organization is on a positive trajectory but should focus on closing the gaps in its policy framework to foster greater transparency and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Sioux Falls Swim Team Inc legitimate?
Sioux Falls Swim Team Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sioux Falls Swim Team 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $104,220
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Official website here: www.teamunify.com/team/czsdsfs
What is the mission statement of Sioux Falls Swim Team Inc?
The Sioux Falls Swim Team Inc's mission is centered around fostering national and international amateur sports competition. They achieve this by organizing and operating a competitive swim club team. During the 2022 fiscal year, they provided swim instruction and training to 250 athletes. The team also offered needs-based scholarships to five families in the local area. Notably, the Sioux Falls Swim Team emerged as the champion at both the South Dakota short course and long course state championships. Additionally, they recognized an outstanding senior athlete with a 1,000 academic scholarship.
Official website here: www.teamunify.com/team/czsdsfs
Who is the CEO of Sioux Falls Swim Team Inc?
Kelly Kotalic is the President of Sioux Falls Swim Team Inc.
Official website here: www.teamunify.com/team/czsdsfs
What is the revenue of Sioux Falls Swim Team Inc?
Sioux Falls Swim Team Inc's revenue in 2022 was $470,117.
Official website here: www.teamunify.com/team/czsdsfs
Who are the executives of Sioux Falls Swim Team Inc and what are their salaries?
The average compensation at Sioux Falls Swim Team Inc during 2022 was $5,790. There are 18 employees and 185 volunteers at Sioux Falls Swim Team Inc.
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Official website here: www.teamunify.com/team/czsdsfs
Where can I find the form 990 for Sioux Falls Swim Team Inc?
Sioux Falls Swim Team Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.teamunify.com/team/czsdsfs
Learn more at the official website: www.teamunify.com/team/czsdsfs
Mission Statement of Sioux Falls Swim Team Inc
The Sioux Falls Swim Team Inc, in its mission, strives to promote national and international amateur sports competition. This is achieved through the organization and operation of a competitive swim club team. By doing so, the team fosters a competitive spirit among its members, encouraging them to participate in swim events at both local and international levels. The team's objective is to provide a platform for athletes to showcase their skills and talents in the sport of swimming. This mission is reflected in their activities, as they offered swim training and instruction to 250 athletes during the 2022 fiscal year. Furthermore, they demonstrated their commitment to the community by providing needs-based scholarships to five families in the Sioux Falls area. The team's success was evident in their victories at both the South Dakota Short Course and Long Course State Championships, where they were crowned the champions. In addition, they recognized an outstanding senior athlete by awarding a 1,000 academic scholarship. Overall, the Sioux Falls Swim Team Inc is dedicated to promoting amateur sports competition and providing opportunities for athletes to excel in the sport of swimming.
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Impact
July, 2024
Sioux Falls Swim Team Inc's impact can be seen in the significant growth and success of its competitive swim club team. With a focus on fostering national and international amateur sports competition, the team provided instruction and swim training to 250 athletes during the 2022 fiscal year. Additionally, the team's commitment to inclusivity is evident through their provision of needs-based scholarships to five families in the Sioux Falls area.
Notably, Sioux Falls Swim Team was crowned the championship team at both the South Dakota Short Course and Long Course State Championships, showcasing their dedication to excellence in the sport. Moreover, the team's commitment to academic excellence is highlighted by the award of a $1,000 academic scholarship to an outstanding senior athlete. Through these achievements and initiatives, Sioux Falls Swim Team Inc is making a positive impact on the community by promoting athleticism, sportsmanship, and educational opportunities for young athletes.
This information is meant to be a general summary of Sioux Falls Swim Team 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: $31
- Program Service Revenue: $347,843
- Gross Receipts: $510,511
Assets and Liabilities:
- Total Assets: $292,639
- Total Liabilities: $0
- Net Assets: $292,639
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$223,986
REGISTRATION FEES
Revenue
$76,246
CAMPS AND CLINICS
Revenue
$27,871
OTHER
Revenue
$19,740
Organization Details
Founding Year
1977
Phone
(605) 376-0074Principal Officer
Kelly Kotalic
Main Address
PO BOX 758, SIOUX FALLS, SD, 57101
NTEE Category
Code: N67 - Recreation
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