Overview
What is Lexington Dolphins Inc?
Lexington Dolphins Inc, located in Lexington, Kentucky, is a nonprofit organization that is deeply committed to nurturing youth swimming talents. Through competitive swimming events, they challenge, motivate, and equip their team members in honing their skills, character, and sportsmanship. The organization emphasizes team building among swimmers, coaches, and parents, fostering a supportive and enthusiastic atmosphere. Approximately 250 athletes annually benefit from their guided training, which focuses on improving techniques, teamwork, and sportsmanship within a competitive environment. The dedicated staff plays a crucial role in guiding and mentoring these young swimmers, helping them excel at local, state, regional, and national levels.
Official website here: www.lexingtondolphins.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Lexington Dolphins Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 83% based solely on its Accountability & Finance metrics. This rating indicates a strong commitment to financial transparency and accountability, particularly in areas such as board independence, where the organization boasts a fully independent board. Additionally, the charity demonstrates a high program expense ratio of 98.24%, suggesting that a significant portion of its funds is directed toward its programs rather than administrative costs.
The organization scores perfectly in several categories, including the presence of an independent board and proper documentation of board meeting minutes. It has also been recognized for having no material diversion of assets, which strengthens its reliability as a nonprofit. However, it should be noted that the charity is missing key policies, such as a whistleblower policy and a document retention and destruction policy, which could raise concerns regarding governance practices.
Overall, Lexington Dolphins Inc shows solid financial health and effective use of funds, but the absence of certain policies may highlight areas for improvement in governance. Prospective donors and stakeholders may want to consider both the strengths and limitations of the organization's practices when making decisions.
This AI summary has been generated from information found on Charity Navigator.
Is Lexington Dolphins Inc legitimate?
Lexington Dolphins Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Dolphins 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: $49,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,045
For more financial information, click here
Official website here: www.lexingtondolphins.org
What is the mission statement of Lexington Dolphins Inc?
The mission of Lexington Dolphins Inc. is centered around fostering and encouraging youth swimming in a particular region. This organization supports the development of swimming skills in young individuals, organizes swimming competitions, and promotes the sport within their community. The program emphasizes continuous improvement in skills, character, and competition, with a strong focus on team building among swimmers, coaches, and parents. The atmosphere is supportive and enthusiastic, fostering improvements in skills, teamwork, ability, sportsmanship, and respect for others. The team, led by a dedicated and highly competent staff, has made significant impacts at local, state, regional, and national levels, serving approximately 250 athletes annually.
Official website here: www.lexingtondolphins.org
Who is the CEO of Lexington Dolphins Inc?
David A Doolin is the Ceo of Lexington Dolphins Inc. The CEO's salary of Lexington Dolphins Inc is $49,500 and their total compensation is $51,105.
Official website here: www.lexingtondolphins.org
What is the revenue of Lexington Dolphins Inc?
Lexington Dolphins Inc's revenue in 2022 was $498,723.
Official website here: www.lexingtondolphins.org
Who are the executives of Lexington Dolphins Inc and what are their salaries?
The average compensation at Lexington Dolphins Inc during 2022 was $11,472. There are 16 employees and 100 volunteers at Lexington Dolphins Inc.
Here are 4 key members and their salaries (Lexington Dolphins Inc's CEO's salary is $49,500 and their total compensation is $51,105):
- Compensation: $49,500
- Related: $0
- Other: $1,605
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lexingtondolphins.org
Where can I find the form 990 for Lexington Dolphins Inc?
Lexington Dolphins Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lexingtondolphins.org
Learn more at the official website: www.lexingtondolphins.org
Mission Statement of Lexington Dolphins Inc
Lexington Dolphins Inc, an organization dedicated to youth swimming, strives to foster and encourage the development of swimming skills among young individuals in Central Kentucky. Their mission is twofold: first, they conduct swimming competitions to challenge and inspire the athletes, and second, they promote the sport by instilling values such as team building, continuous improvement, character development, sportsmanship, and respect for others. The organization creates a supportive and enthusiastic atmosphere, where swimmers, coaches, and parents work together towards a common goal. Lexington Dolphins Inc's team has made significant strides at local, state, regional, and national levels, serving approximately 250 athletes annually.
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Impact
July, 2024
Lexington Dolphins Inc's impact is significant in fostering and encouraging youth swimming in Central Kentucky. The organization supports the development of youth swimming, conducts swimming competitions, and promotes the sport in the region. By challenging, encouraging, and equipping team members for continual improvement in skills, character, and competition, the organization emphasizes team building among swimmers, coaches, and parents in a supportive and enthusiastic atmosphere.
With a dedicated and highly competent staff, swimmers improve their skills, teamwork, ability, sportsmanship, and respect for others within a competitive environment. The team has made a significant impact at local, state, regional, and national levels, serving approximately 250 athletes annually. Through its efforts, Lexington Dolphins Inc plays a vital role in shaping the future of youth swimming in Central Kentucky.
This information is meant to be a general summary of Lexington Dolphins 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: $65
- Program Service Revenue: $413,998
- Gross Receipts: $498,723
Assets and Liabilities:
- Total Assets: $112,469
- Total Liabilities: $43,317
- Net Assets: $69,152
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES AND REGISTRATION
Revenue
$301,808
SWIM MEET ENTRY FEES
Revenue
$76,162
HOSTED SWIM MEET REVEN
Revenue
$29,567
OTHER PROGRAM SERVICE
Revenue
$6,461
Organization Details
Founding Year
1994
Phone
(859) 621-8967Principal Officer
David A Doolin
Main Address
P O BOX 23231, LEXINGTON, KY, 40523
Website
www.lexingtondolphins.orgNTEE Category
Code: N67 - Recreation
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