Overview
What is Memphis State Swimming Inc?
Memphis State Swimming Inc, located at 620 ECHLES STREET, MEMPHIS, TN 38111, is a nonprofit organization dedicated to fostering an inclusive environment for swimmers of all abilities. Their mission is to promote swimming and provide training, instruction, and support for individuals interested in competitive swimming. They serve both younger swimmers under 12 and those above 12, offering seasonal and year-round programs to help them develop their skills and potential as swimmers, teammates, and well-rounded individuals in society. Despite being displaced from their pool during the recent fiscal year, they continued their operations by having swimmers pay dues to the YMCA and utilizing their pools. As of 2022, Memphis State Swimming Inc has resumed collecting dues from the swimmers and incurring associated expenses.
Official website here: www.memphistigerswimming.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Memphis State Swimming Inc has received a two-star rating from Charity Navigator, indicating that while the organization performs fairly well in some areas, there are significant weaknesses in its governance and transparency practices. The organization has achieved perfect scores in areas such as independent board members and material diversion of assets, which reflects a strong commitment to accountability in these specific aspects.
However, the nonprofit faces critical limitations, particularly in its governance policies. The absence of key policies like conflict of interest and whistleblower protections raises concerns about its internal oversight. Additionally, the failure to provide board meeting minutes and post its tax form on the website suggests a lack of transparency that could affect stakeholder trust.
Despite these challenges, Memphis State Swimming Inc's program expense ratio is commendable at 91.88%, indicating that a substantial portion of its funding is directed toward its programs. Addressing the noted governance issues could enhance the organization's overall effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis State Swimming Inc legitimate?
Memphis State Swimming Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis State Swimming 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.memphistigerswimming.com
What is the mission statement of Memphis State Swimming Inc?
Memphis State Swimming Inc's mission is centered around promoting the sport of swimming. The organization provides training, instruction, and support for individuals interested in competing in swimming meets across the USA. Memphis State Swimming Inc fosters an inclusive environment, encouraging swimmers of all abilities to reach their full potential both as athletes and well-rounded individuals in society. During the current fiscal year, the charity served 133 swimmers under the age of 12 through either a seasonal or year-round program, and another 76 swimmers over the age of 12 utilized the program in a similar manner. Due to displacement from their pool in the current year, the swimmers paid dues to the YMCA and swam in their pools. Starting in 2022, Memphis State Swimming Inc began receiving dues from the swimmers and incurring expenses again.
Official website here: www.memphistigerswimming.com
Who is the CEO of Memphis State Swimming Inc?
Gina Boyd is the Director of Memphis State Swimming Inc.
Official website here: www.memphistigerswimming.com
What is the revenue of Memphis State Swimming Inc?
Memphis State Swimming Inc's revenue in 2022 was $7,520.
Official website here: www.memphistigerswimming.com
Who are the executives of Memphis State Swimming Inc and what are their salaries?
There 6 volunteers at Memphis State Swimming Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.memphistigerswimming.com
Where can I find the form 990 for Memphis State Swimming Inc?
Memphis State Swimming Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphistigerswimming.com
Learn more at the official website: www.memphistigerswimming.com
Mission Statement of Memphis State Swimming Inc
Memphis State Swimming Inc, dedicated to promoting swimming as a sport, offers training, instruction, and support to individuals interested in competing in swimming meets across the United States. Their mission extends beyond just swimming, aiming to foster an inclusive environment where swimmers of all abilities can develop to their fullest potential, not just as athletes, but also as teammates and well-rounded members of society. This program has served over 200 swimmers, with 133 under the age of 12 and 76 aged 12 and above, either through seasonal or year-round programs. In the current fiscal year, due to displacement from their pool, the swimmers paid dues to the YMCA and swam in their pools. Post 2022, Memphis State Swimming Inc began receiving dues from the swimmers and incurred expenses once again.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Memphis State Swimming Inc, through its Memphis Tiger Swimming program, has made a significant impact on the community by promoting the sport of swimming and providing training, instruction, and support for individuals interested in competing in swimming meets across the USA. This program has created an inclusive environment for swimmers of all abilities to develop to their fullest potential, not just as athletes but also as teammates and well-rounded members of society.
In the past year, Memphis Tiger Swimming served 133 swimmers under the age of 12 through seasonal or year-round programs, while another 76 swimmers over the age of 12 also benefited from the program. Despite being displaced from its pool for a period, the program adapted by having swimmers pay dues to the YMCA and swim in their pools. However, in 2022, Memphis State Swimming Inc resumed receiving dues from the swimmers and reinitiated incurring expenses for its operations.
The impact of Memphis State Swimming Inc extends beyond just providing swimming opportunities; it fosters community, personal development, and healthy competition among participants, contributing positively to the overall well-being and growth of individuals involved in the program.
This information is meant to be a general summary of Memphis State Swimming 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.
- Gross Receipts: $7,520
Assets and Liabilities:
- Total Assets: $86,049
- Total Liabilities: $0
- Net Assets: $86,049
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1989
Phone
(901) 821-4371Principal Officer
Gina Boyd
Main Address
620 ECHLES STREET, MEMPHIS, TN, 38111
Website
www.memphistigerswimming.comNTEE Category
Code: N67 - Recreation
If you are a representative of Memphis State Swimming Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.