Overview
What is Old Dominion Aquatic Club Inc?
Old Dominion Aquatic Club Inc, located at 609 Ryder Cup Lane, Virginia Beach, VA 23462, is a nonprofit organization committed to promoting competitive swimming as a USA Swimming team for athletes at various skill levels. With an average of 197 swimmers this year, the club maintains a good standing within USA Swimming. To ensure affordability, Old Dominion Aquatic Club Inc offers an outreach program for families who struggle to pay monthly dues, in accordance with guidelines from Virginia Swimming and USA Swimming. Participating families are responsible for a modest fee of $5 for USA Swim registration and $100 for club family registration. The outreach program currently supports eight families, contributing 14 swimmers to the team. The club's mission is to nurture and develop swimmers, providing them with the necessary resources and opportunities to excel in their swimming journey.
Official website here: www.swimodac.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Old Dominion Aquatic Club Inc has received a Two-Star rating from Charity Navigator, indicating areas that require attention to improve overall accountability and transparency. While the organization demonstrates a strong commitment to its programming, with a program expense ratio of 93.90%, it falls short in essential governance practices, including the absence of critical policies such as those related to conflict of interest and whistleblower protections.
The organization benefits from a fully independent board, with 90% of its members meeting this criterion, which contributes positively to its governance structure. However, the lack of publicly available financial statements and essential documents, such as the tax form on the nonprofit’s website, highlights a significant gap in transparency that could raise concerns for potential donors and stakeholders.
Overall, while the Old Dominion Aquatic Club shows strong programmatic focus and financial health, improving its governance policies and enhancing transparency will be crucial for building trust and confidence among its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Old Dominion Aquatic Club Inc legitimate?
Old Dominion Aquatic Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Dominion 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: $341,026
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.swimodac.com
What is the mission statement of Old Dominion Aquatic Club Inc?
Old Dominion Aquatic Club Inc's mission is centered around promoting competitive swimming as a part of USA Swimming. The club caters to swimmers at various skill levels. Their mission involves functioning as a USA Swimming team, providing a platform for athletes to hone their swimming skills. The club aims to maintain good standing within USA Swimming and offers an outreach program for financially challenged swimmers. Based on guidelines from Virginia Swimming and USA Swimming, families of these swimmers are required to contribute a small fee towards USA Swim registration and club registration. Currently, there are eight outreach families, comprising fourteen swimmers, who are benefiting from this program.
Official website here: www.swimodac.com
Who is the CEO of Old Dominion Aquatic Club Inc?
Meg Gleim is the President of Old Dominion Aquatic Club Inc.
Official website here: www.swimodac.com
What is the revenue of Old Dominion Aquatic Club Inc?
Old Dominion Aquatic Club Inc's revenue in 2022 was $698,404.
Official website here: www.swimodac.com
Who are the executives of Old Dominion Aquatic Club Inc and what are their salaries?
The average compensation at Old Dominion Aquatic Club Inc during 2022 was $17,949. There are 19 employees and 200 volunteers at Old Dominion Aquatic Club Inc.
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Official website here: www.swimodac.com
Where can I find the form 990 for Old Dominion Aquatic Club Inc?
Old Dominion Aquatic Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swimodac.com
Learn more at the official website: www.swimodac.com
Mission Statement of Old Dominion Aquatic Club Inc
Old Dominion Aquatic Club Inc, as a USA Swimming team, is dedicated to promoting competitive swimming for athletes at various skill levels. Their mission is to provide an inclusive swimming environment that caters to swimmers of all abilities. The club's objective is to nurture the talent and passion for swimming within its members, fostering a sense of camaraderie and competition among them.
In line with this mission, Old Dominion Aquatic Club Inc offers an outreach program for swimmers who may face financial constraints. This program, guided by Virginia Swimming and USA Swimming guidelines, allows eligible families to join the club by paying a reduced fee. Families are required to contribute $5 towards USA Swim registration and $100 for Old Dominion Aquatic Club Inc family registration. Currently, there are eight outreach families (comprising 14 swimmers) benefiting from this program.
In summary, Old Dominion Aquatic Club Inc is committed to promoting competitive swimming and providing opportunities for swimmers of all backgrounds. Through its outreach program, the club ensures that financial constraints do not hinder young athletes from participating in the sport they love. The club's mission is to foster a supportive environment where swimmers can thrive and grow, both personally and competitively.
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Impact
July, 2024
Old Dominion Aquatic Club Inc's impact is significant in promoting competitive swimming as a USA Swimming team for athletes at all levels. With an average of 197 swimmers enrolled, the club is making a positive contribution to the swimming community in Virginia Beach, VA. Additionally, the outreach program they offer for swimmers who cannot afford monthly dues demonstrates their commitment to inclusivity and providing opportunities for all aspiring athletes. By adhering to Virginia Swimming and USA Swimming guidelines, Old Dominion Aquatic Club is fostering a supportive and competitive environment for young swimmers to pursue their passion for the sport.
This information is meant to be a general summary of Old Dominion 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: $21,058
- Gross Receipts: $4,620,047
Assets and Liabilities:
- Total Assets: $514,247
- Total Liabilities: $3,244
- Net Assets: $511,003
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Organization Details
Founding Year
1982
Phone
(757) 474-1015Principal Officer
Meg Gleim
Main Address
609 RYDER CUP LANE, VIRGINIA BEACH, VA, 23462
Website
www.swimodac.comNTEE Category
Code: N67 - Recreation
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