Overview
What is Terrapins Swim Team?
Terrapins Swim Team is a nonprofit organization situated in Concord, California. Their primary focus is providing competitive swim training for children aged between 7 and 18. The program's ultimate goal is to prepare its participants for potential scholarships at universities and colleges. Remarkably, numerous graduates have excelled in swimming, competing at national and international levels, including the Olympics. The organization, with a modest workforce of 10 individuals, has made significant contributions to the world of swimming.
Official website here: www.terrapinswim.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The rating indicates that while the Terrapins Swim Team demonstrates some strong financial practices, there are notable areas for improvement, particularly in governance and transparency.
One of the organization's strengths includes a high level of board independence, with 100% of board members being independent. They also excel in financial management, boasting a program expense ratio of 97.25%, which means nearly all expenses go directly to programming rather than administrative costs. Additionally, there are no reported material diversions of assets, highlighting sound financial stewardship.
However, there are significant weaknesses related to governance policies. The organization does not have a whistleblower or document retention and destruction policy in place, which raises concerns about transparency and accountability. These gaps may impact stakeholder trust and could benefit from immediate attention to ensure better governance practices moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Terrapins Swim Team legitimate?
Terrapins Swim Team is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terrapins Swim Team 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: $433,422
For more financial information, click here
Official website here: www.terrapinswim.com
What is the mission statement of Terrapins Swim Team?
The Terrapins Swim Team's mission is centered around providing competitive swim training for children between the ages of 7 and 18. This program aims to nurture amateur swimmers, with the potential for some graduates to secure scholarships at various universities. Remarkably, several alumni have showcased their skills at national and international levels, even reaching the Olympics.
Official website here: www.terrapinswim.com
Who is the CEO of Terrapins Swim Team?
Ray Mitchell is the Secretary of Terrapins Swim Team.
Official website here: www.terrapinswim.com
What is the revenue of Terrapins Swim Team?
Terrapins Swim Team's revenue in 2023 was $843,674.
Official website here: www.terrapinswim.com
Who are the executives of Terrapins Swim Team and what are their salaries?
The average compensation at Terrapins Swim Team during 2023 was $43,342. There are 10 employees at Terrapins Swim Team.
Here are 7 key members and their salaries:
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Official website here: www.terrapinswim.com
Where can I find the form 990 for Terrapins Swim Team?
Terrapins Swim Team's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.terrapinswim.com
Learn more at the official website: www.terrapinswim.com
Mission Statement of Terrapins Swim Team
Terrapins Swim Team, a renowned program, focuses on providing competitive swim training to children aged between 7 and 18. The primary objective of this organization is to nurture young swimmers, equipping them with the skills necessary for amateur competitions. Notably, graduates of this program often become scholarship candidates at various universities. Moreover, some of these talented individuals have even advanced to compete at the national and international levels, including the Olympics. The program's mission is to foster the swimming abilities of young people, potentially opening doors for them in the competitive swimming world and higher education.
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Impact
July, 2024
Terrapins Swim Team's impact is significant in providing amateur competitive swim training to children aged 7 to 18. Graduates of the program have the opportunity to become scholarship candidates at various universities and some have even advanced to compete at national and international levels, including the Olympics. This program not only nurtures young talent in swimming but also opens doors for higher education and elite competitive opportunities.
This information is meant to be a general summary of Terrapins Swim Team. 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 2023.
- Program Service Revenue: $765,574
- Gross Receipts: $863,521
Assets and Liabilities:
- Total Assets: $370,331
- Total Liabilities: $0
- Net Assets: $370,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS & DUES
Revenue
$454,691
HOSTED SWIM MEETS
Revenue
$194,244
SWIMMING PROGRAM FEES
Revenue
$99,449
MEET PAYMENTS TRAVEL
Revenue
$16,068
REIMBURSEMENTS & MISC
Revenue
$1,122
Organization Details
Phone
(925) 864-0011Principal Officer
Ray Mitchell
Main Address
PO BOX 21127, CONCORD, CA, 94518
Website
www.terrapinswim.comNTEE Category
Code: N67 - Recreation
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