Overview
What is Dynamo Parents Club Inc?
Dynamo Parents Club Inc, situated in Atlanta, Georgia, is a nonprofit organization with a strong focus on water safety. Their primary mission is to reduce the risk of drowning among children in the metropolitan Atlanta area by offering swim lessons and water safety instruction. Simultaneously, they provide pool space and instruction for community organizations with aquatic needs or members requiring a secure environment for learning. Beyond their swimming programs, Dynamo Parents Club Inc strives to be an exemplary 18 and under competitive swimming club, both in terms of athletic achievement and philanthropy, with a vision to make an impact on a national and international scale. The organization employs a team of 231 dedicated individuals.
Official website here: www.dynamoswimclub.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Dynamo Parents Club Inc has received a two-star rating from Charity Navigator, indicating areas for growth despite a commendable score of 100% in Accountability & Finance. The organization demonstrates strong governance with a fully independent board and effective policies, including conflict of interest and whistleblower protections. These factors contribute positively to their overall rating and reflect a commitment to ethical practices.
However, the charity faces significant challenges in financial metrics, particularly with a liabilities to assets ratio of 64.12% and a working capital ratio of only 0.40 years. These figures suggest potential financial instability, which could impact its ability to sustain operations in the long run. Additionally, the fundraising efficiency ratio is notably low, raising concerns about the effectiveness of their fundraising strategies.
Overall, while Dynamo Parents Club Inc shows strong governance and a high program expense ratio, which indicates a substantial portion of expenses is dedicated to programs, the financial health indicators require attention. Addressing these limitations will be crucial for enhancing their rating and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Dynamo Parents Club Inc?
88% of 34 reviewers on Facebook recommend Dynamo Parents Club Inc. Here is a summary of their reviews:
Many users appreciate the facility and the coaching staff, highlighting the quality of the long course pool as a standout feature. The classes, particularly those focusing on critical thinking, are also well-received, attracting positive remarks from parents.
Overall, the organization appears to successfully meet the needs and expectations of its members, with a strong emphasis on providing valuable resources and an engaging environment for both parents and children.
This AI summary has been generated from reviews found on Facebook.
Is Dynamo Parents Club Inc legitimate?
Dynamo Parents Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dynamo Parents 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: $164,179
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,173,070
For more financial information, click here
Official website here: www.dynamoswimclub.com
What is the mission statement of Dynamo Parents Club Inc?
Dynamo Parents Club Inc's mission is centered around achieving excellence in competitive swimming, aiming to become a leading club for 18 and under athletes not just in the USA, but globally. The organization aspires to make significant contributions in both swimming competitions and philanthropy. One of its key objectives is to offer water safety instruction and swim lessons to children in the metropolitan area, with the goal of reducing drowning incidents and fostering a love for swimming. Additionally, Dynamo provides pool space and instruction for community organizations with aquatic needs or members who require a secure environment for instruction.
Official website here: www.dynamoswimclub.com
Who is the CEO of Dynamo Parents Club Inc?
Michael Cotter is the Ceo of Dynamo Parents Club Inc. The CEO's salary of Dynamo Parents Club Inc is $164,179 and their total compensation is $227,224.
Official website here: www.dynamoswimclub.com
What is the revenue of Dynamo Parents Club Inc?
Dynamo Parents Club Inc's revenue in 2022 was $5,156,871.
Official website here: www.dynamoswimclub.com
Who are the executives of Dynamo Parents Club Inc and what are their salaries?
The average compensation at Dynamo Parents Club Inc during 2022 was $10,118. There are 231 employees and 680 volunteers at Dynamo Parents Club Inc.
Here are 12 key members and their salaries (Dynamo Parents Club Inc's CEO's salary is $164,179 and their total compensation is $227,224):
- Compensation: $164,179
- Related: $26,718
- Other: $36,327
- Compensation: $157,084
- Related: $0
- Other: $5,209
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.dynamoswimclub.com
Where can I find the form 990 for Dynamo Parents Club Inc?
Dynamo Parents Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dynamoswimclub.com
Learn more at the official website: www.dynamoswimclub.com
Mission Statement of Dynamo Parents Club Inc
Dynamo Parents Club Inc, a renowned 18 and under swimming club, is committed to two primary objectives. Firstly, the organization strives to excel in competitive swimming, aiming to set an exceptional example in the USA and beyond. Secondly, Dynamo is dedicated to philanthropy, with a focus on being a leading club in this field as well.
In pursuing its mission, Dynamo Parents Club Inc aims to achieve two distinct goals. Initially, the club provides water safety instruction and swim lessons to children in the metro Atlanta area. By doing so, it seeks to decrease the occurrence of drowning and foster a love for swimming among the community's young members. In addition, Dynamo Parents Club Inc offers pool space and instruction to various community organizations and individuals requiring a secure environment for aquatic instruction. This aspect of the club's mission reflects its commitment to serving the broader community and addressing its aquatic needs.
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Impact
July, 2024
Dynamo Parents Club Inc's impact on the community is significant. By pursuing excellence in competitive swimming, they not only develop young athletes but also promote water safety through instruction and swim lessons for children in the metro Atlanta area. Additionally, they provide pool space and instruction for community organizations with aquatic needs, contributing to a safer and more enjoyable swimming environment for all. Dynamo Parents Club Inc's dedication to both competition and philanthropy sets them apart as a model club, making a positive impact not only in Atlanta but also potentially throughout the USA and beyond.
This information is meant to be a general summary of Dynamo Parents 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: $25
- Program Service Revenue: $1,584,697
- Gross Receipts: $5,181,881
Assets and Liabilities:
- Total Assets: $4,985,436
- Total Liabilities: $3,016,365
- Net Assets: $1,969,071
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Instructional Programs
Revenue
$1,001,031
Lane Fees by Participants
Revenue
$107,482
Recreational Swim Fees
Revenue
$69,274
Swim Meets Hosted
Revenue
$406,910
Organization Details
Founding Year
1964
Phone
(770) 457-7946Principal Officer
Michael Cotter
Main Address
3119 Shallowford Road, Atlanta, GA, 30341
Website
www.dynamoswimclub.comNTEE Category
Code: N67 - Recreation
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