Waves Of Wilmington Inc

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

EIN: 561324588 ✦ Wilmington, NC ✦ Designated as a 501(c)(3)

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Overview

What is Waves Of Wilmington Inc?

Waves Of Wilmington Inc is a nonprofit organization located in Wilmington, North Carolina. With a team of 13 dedicated individuals, their primary focus is on teaching competitive swimming techniques to approximately 200 young community members, ranging from 5 to 18 years old. Their mission extends beyond just teaching swimming skills; they also encourage and support their students to participate in various local and national swim meets. Their successes have led some of their swimmers to achieve impressive milestones, such as winning league championships, attending junior Olympics, and even competing in the USA Olympic trials, with some even ranking nationally.


Official website here: www.swimwow.org

Is Waves Of Wilmington Inc legitimate?

Waves Of Wilmington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waves Of Wilmington 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: $71,134
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,336

For more financial information, click here


Official website here: www.swimwow.org

What is the mission statement of Waves Of Wilmington Inc?

Waves of Wilmington Inc's mission is centered around teaching swimming techniques to youth in the community. This organization aims to equip approximately 200 children, aged between 5 and 18, with competitive swimming skills. Their goal is to help these young swimmers excel, enabling them to participate in local and national swim meets, including the junior Olympics and USA Olympic trials. Through their efforts, many of these swimmers have achieved national rankings.


Official website here: www.swimwow.org

Who is the CEO of Waves Of Wilmington Inc?

David Sokolofsky is the Principal Officer of Waves Of Wilmington Inc. The CEO's salary of Waves Of Wilmington Inc is $71,134 and their total compensation is $71,134.


Official website here: www.swimwow.org

What is the revenue of Waves Of Wilmington Inc?

Waves Of Wilmington Inc's revenue in 2023 was $227,298.


Official website here: www.swimwow.org

Who are the executives of Waves Of Wilmington Inc and what are their salaries?

The average compensation at Waves Of Wilmington Inc during 2023 was $15,113. There are 13 employees and 150 volunteers at Waves Of Wilmington Inc.


Here are 11 key members and their salaries (Waves Of Wilmington Inc's CEO's salary is $71,134 and their total compensation is $71,134):


David A Sokolofsky (Ceo - Head Coach)
  • Compensation: $71,134
  • Related: $0
  • Other: $0
Elizabeth Claus (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Bollenbacher (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Carroll (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen House (Volunteer Coordinator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcus King (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Reiniche (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Jewell (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Hughes (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bridget Phillips (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Langtry (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.swimwow.org

Where can I find the form 990 for Waves Of Wilmington Inc?

Waves Of Wilmington Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.swimwow.org

Learn more at the official website: www.swimwow.org

Mission Statement of Waves Of Wilmington Inc

Waves of Wilmington Inc, a nonprofit organization, is dedicated to teaching swimming techniques to local youth. Their mission is multifaceted, involving both the instruction of competitive swimming skills and the participation in swim meets, both at a local and national level. This organization aims to equip approximately 200 youth, ranging from the ages of 5 to 18, with the necessary swimming abilities. Through their guidance, these young individuals have the opportunity to excel, achieving league championships, competing in the Junior Olympics, and even qualifying for the USA Olympic trials. Their rankings have even placed them among the nation's top performers in swimming.

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Impact




October, 2024

Waves Of Wilmington Inc significantly impacts the local community by providing essential swimming education to approximately 200 youth aged 5 to 18. Through its programs, the organization teaches competitive swimming techniques, empowering young swimmers to excel in their sport. Participants have the opportunity to compete at various levels, including local leagues, junior Olympics, and even the USA Olympic trials, achieving national rankings and winning league championships. This commitment not only fosters athletic talent but also instills discipline, teamwork, and confidence in the youth, contributing positively to their overall development and the community as a whole.




This information is meant to be a general summary of Waves Of Wilmington 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
$227,298 (2023)
Expenses
$246,435 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,434
  • Program Service Revenue: $208,312
  • Gross Receipts: $227,298

Assets and Liabilities:

  • Total Assets: $431,198
  • Total Liabilities: $28,789
  • Net Assets: $402,409

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Programs

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

Swim dues/fees

Revenue

$195,604

Meet Fee income

Revenue

$12,708

Organization Details

Founding Year

1990

Principal Officer

David Sokolofsky

Main Address

PO Box 16554, Wilmington, NC, 28408

NTEE Category

Code: Z99Z - Unknown

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