Overview
What is Monocacy Aquatic Club Inc?
Monocacy Aquatic Club Inc, located in Frederick, Maryland, functions as a nonprofit organization with a primary focus on swimming. Their mission is to nurture young athletes, fostering their success in both swimming and life. They are part of the USA Swimming program, aiming to help athletes excel at local, regional, and national levels. With a dedicated team of 14 individuals, the club inspires its members to reach new heights, fostering a sense of achievement and personal growth. The Monocacy Aquatic Club Inc provides a supportive environment for its members, encouraging them to strive for excellence in and out of the swimming pool.
Official website here: www.macswim.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
The Monocacy Aquatic Club Inc has received a rating of 77% from Charity Navigator, indicating a solid level of accountability and finance management. This score is based entirely on their performance in the Accountability & Finance beacon. The organization stands out with an impressive program expense ratio of 96.07%, suggesting that a significant portion of its resources is directed towards its programs and services.
Strengths of the organization include having a fully independent board, with 88% of its members being independent. This independence is crucial for effective governance and decision-making. Additionally, the absence of any material diversion of assets reflects a commitment to maintaining financial integrity. Their transparency is further demonstrated by having their tax forms and board meeting minutes readily available on their website.
However, there are some areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which are important for accountability and governance practices. Addressing these gaps could enhance their overall rating and further instill confidence in stakeholders regarding their operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Monocacy Aquatic Club Inc legitimate?
Monocacy Aquatic Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monocacy Aquatic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $256,527
For more financial information, click here
Official website here: www.macswim.net
What is the mission statement of Monocacy Aquatic Club Inc?
Monocacy Aquatic Club Inc's mission is centered around inspiring young athletes to excel in life beyond swimming. They achieve this by fostering a pursuit of excellence in the competitive sport of swimming. The club aims to help its athletes reach local, regional, and national levels of achievement within the USA Swimming program. Essentially, Monocacy Aquatic Club Inc is dedicated to nurturing the overall development of its swimmers, utilizing swimming as a medium to instill values that extend beyond the pool.
Official website here: www.macswim.net
Who is the CEO of Monocacy Aquatic Club Inc?
Callie Gorgol is the President of Monocacy Aquatic Club Inc.
Official website here: www.macswim.net
What is the revenue of Monocacy Aquatic Club Inc?
Monocacy Aquatic Club Inc's revenue in 2022 was $470,725.
Official website here: www.macswim.net
Who are the executives of Monocacy Aquatic Club Inc and what are their salaries?
The average compensation at Monocacy Aquatic Club Inc during 2022 was $18,323. There are 14 employees at Monocacy Aquatic Club Inc.
Here are 12 key members and their salaries:
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Official website here: www.macswim.net
Where can I find the form 990 for Monocacy Aquatic Club Inc?
Monocacy Aquatic Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.macswim.net
Learn more at the official website: www.macswim.net
Mission Statement of Monocacy Aquatic Club Inc
Monocacy Aquatic Club Inc, a nonprofit organization, is dedicated to inspiring young athletes to succeed in life beyond the swimming pool. They achieve this mission by encouraging the pursuit of excellence in the competitive sport of swimming. The club's primary objective is to train athletes, enabling them to reach local, regional, and national levels of achievement within the USA Swimming program. By fostering a culture of determination and perseverance, Monocacy Aquatic Club Inc empowers its swimmers to develop essential life skills, such as discipline, teamwork, and resilience, that extend beyond the pool.
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Impact
July, 2024
Monocacy Aquatic Club Inc, also known as MAC Swim Team, is dedicated to inspiring young athletes to succeed in life through the pursuit of excellence in swimming. Through their training programs, this organization aims to help athletes achieve local, regional, and national levels of excellence within the USA Swimming program. By focusing on developing swimmers both in and out of the pool, Monocacy Aquatic Club Inc has a significant impact on shaping the lives of young athletes in Frederick, MD. Their commitment to fostering a culture of excellence and dedication plays a crucial role in nurturing the next generation of competitive swimmers.
This information is meant to be a general summary of Monocacy Aquatic 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,853
- Program Service Revenue: $413,155
- Gross Receipts: $470,725
Assets and Liabilities:
- Total Assets: $567,843
- Total Liabilities: $8,925
- Net Assets: $558,918
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATIONS
Revenue
$399,194
FUNDRAISING
Revenue
$13,961
Organization Details
Founding Year
1976
Phone
(410) 615-5339Principal Officer
Callie Gorgol
Main Address
PO BOX 1682, FREDERICK, MD, 21702
Website
www.macswim.netNTEE Category
Code: N67Z - Recreation
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