Overview
What is The Fish Swimteam Inc?
The Fish Swimteam Inc, based in McLean, Virginia, is a dedicated nonprofit organization with a mission to educate and nurture young swimmers. Located at 1340 Old Chain Bridge Road, this institution fosters swimming skills and competitive spirit in children through regular practices. Their primary goal is to prepare swimmers for participation in both local and national competitions, contributing to the realm of amateur swimming on a national and international scale. With a team of 24 dedicated employees, The Fish Swimteam Inc is committed to promoting swimming excellence and fostering a passion for the sport within the community.
Official website here: www.pvfish.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
The Fish Swimteam Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a low overall score of 58%, primarily due to the absence of independent board members and insufficient financial statement disclosures, which are critical for transparency.
Strengths of the organization include a very high program expense ratio of 91.41%, suggesting that a large majority of its expenditures are directed towards its programs rather than administrative costs. Additionally, it has implemented conflict of interest policies and maintains documentation for board meeting minutes, highlighting some level of governance. However, weaknesses in financial reporting and governance practices hamper its overall rating.
The lack of essential policies such as a whistleblower policy and guidelines for document retention raises concerns about the organization's commitment to accountability. Furthermore, the failure to post its tax forms online limits transparency, making it difficult for stakeholders to assess its financial health comprehensively. These factors together contribute to the organization's low score and suggest that improvements in governance and financial transparency are necessary for better ratings in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Fish Swimteam Inc legitimate?
The Fish Swimteam Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Fish Swimteam 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: $296,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $323,779
For more financial information, click here
Official website here: www.pvfish.org
What is the mission statement of The Fish Swimteam Inc?
The Fish Swimteam Inc's mission is centered around fostering amateur swimming competitions at both a national and international level. This organization strives to accomplish this by providing educational swim lessons, honing the skills of children, and preparing them for participation in local and national swimming competitions. In essence, The Fish Swimteam Inc aims to promote the growth and development of young swimmers, instilling a competitive spirit and encouraging their participation in swimming events on a broader scale.
Official website here: www.pvfish.org
What is the revenue of The Fish Swimteam Inc?
The Fish Swimteam Inc's revenue in 2024 was $1,676,054.
Official website here: www.pvfish.org
Who are the executives of The Fish Swimteam Inc and what are their salaries?
The average compensation at The Fish Swimteam Inc during 2024 was $34,466. There are 18 employees at The Fish Swimteam Inc.
Here are 4 key members and their salaries:
- Compensation: $147,800
- Related: $0
- Other: $0
- Compensation: $148,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pvfish.org
Where can I find the form 990 for The Fish Swimteam Inc?
The Fish Swimteam Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pvfish.org
Learn more at the official website: www.pvfish.org
Mission Statement of The Fish Swimteam Inc
The Fish Swimteam Inc, a nonprofit organization, is dedicated to fostering national and international amateur swimming competition. This mission is achieved by providing a platform for children to learn swimming skills and transform into competitive swimmers. Through regular practices and rigorous preparation, The Fish Swimteam Inc helps its young participants prepare for local and national swimming competitions, thereby promoting the spirit of amateur swimming on a broader scale.
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Impact
July, 2024
The Fish Swimteam Inc's impact lies in fostering national and international amateur swimming competition. By teaching children how to swim and become competitive swimmers through practices and preparation for local and national competitions, The Fish Swimteam Inc is shaping the next generation of swimmers. This organization based in McLean, VA, is dedicated to promoting a passion for swimming and providing young athletes with the skills and support they need to succeed in the sport.
This information is meant to be a general summary of The Fish Swimteam 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 2024.
- Investment Income: $21,265
- Program Service Revenue: $1,620,974
- Gross Receipts: $1,679,395
Assets and Liabilities:
- Total Assets: $598,089
- Total Liabilities: $1,697
- Net Assets: $596,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES
Revenue
$1,367,605
MEET FEES
Revenue
$253,369
Organization Details
Founding Year
1996
Principal Officer
Ray Benecki
Website
www.pvfish.orgNTEE Category
Code: N67 - Recreation
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