Overview
What is Lamorinda Water Polo Inc?
Lamorinda Water Polo Inc, based in Lafayette, California, is a nonprofit organization dedicated to promoting and fostering the amateur sport of water polo. With a team of 96 individuals, they offer a safe and appropriate environment for training and coaching, utilizing public facilities. Their primary activity involves hosting and participating in water polo competitions, engaging over 200 youths. The organization's mission is to provide a platform for the growth and development of water polo enthusiasts, ensuring a secure and conducive setting for their athletic pursuits.
Official website here: www.lamorindawaterpolo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
Lamorinda Water Polo Inc receives a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization benefits from a fully independent board, the lack of financial statements and several missing policies related to conflict of interest and whistleblower protections raise alarms about transparency and governance.
On a positive note, the nonprofit demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 98.79%, meaning most of its expenditures are directed toward its stated programs. This suggests an effective focus on delivering services rather than administrative overhead. However, the liabilities to assets ratio of 62.99% indicates a potential risk concerning financial stability.
Overall, while Lamorinda Water Polo Inc shows dedication to its programs, the absence of key financial practices and policies limits its overall rating and suggests a need for improvement in governance and accountability measures.
This AI summary has been generated from information found on Charity Navigator.
Is Lamorinda Water Polo Inc legitimate?
Lamorinda Water Polo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lamorinda Water Polo 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: $627,833
For more financial information, click here
Official website here: www.lamorindawaterpolo.org
What is the mission statement of Lamorinda Water Polo Inc?
Lamorinda Water Polo Inc is established with the primary objective of promoting and fostering the amateur sport of water polo. They utilize public facilities to offer a suitable and secure environment for training and coaching. The organization actively participates in and hosts amateur water polo athletics. The mission of Lamorinda Water Polo Inc is to provide opportunities for over 200 youths to engage in water polo training and competitions.
Official website here: www.lamorindawaterpolo.org
Who is the CEO of Lamorinda Water Polo Inc?
Paul Haast is the President of Lamorinda Water Polo Inc.
Official website here: www.lamorindawaterpolo.org
What is the revenue of Lamorinda Water Polo Inc?
Lamorinda Water Polo Inc's revenue in 2022 was $1,735,206.
Official website here: www.lamorindawaterpolo.org
Who are the executives of Lamorinda Water Polo Inc and what are their salaries?
The average compensation at Lamorinda Water Polo Inc during 2022 was $6,540. There are 96 employees and 40 volunteers at Lamorinda Water Polo Inc.
Here are 7 key members and their salaries:
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Official website here: www.lamorindawaterpolo.org
Where can I find the form 990 for Lamorinda Water Polo Inc?
Lamorinda Water Polo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lamorindawaterpolo.org
Learn more at the official website: www.lamorindawaterpolo.org
Mission Statement of Lamorinda Water Polo Inc
Lamorinda Water Polo Inc is dedicated to fostering and promoting the amateur sport of water polo. Their mission is twofold: firstly, they aim to utilize public facilities to create a safe and appropriate environment for training and coaching. Secondly, they participate in and host amateur water polo athletics. By doing so, Lamorinda Water Polo Inc provides opportunities for over 200 youths to engage in the sport and hone their skills.
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Impact
July, 2024
Lamorinda Water Polo Inc's impact can be seen in the way it fosters and promotes the amateur sport of water polo. By providing training and competitions for over 200 youths, the organization plays a crucial role in developing young athletes and creating a safe environment for them to hone their skills. Additionally, through hosting and participating in various amateur polo athletics, Lamorinda Water Polo Inc contributes to the overall growth and popularity of the sport. Its presence in Lafayette, California, not only enriches the local community but also provides opportunities for young individuals to engage in recreational activities that promote physical fitness and teamwork.
This information is meant to be a general summary of Lamorinda Water Polo 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: $5,584
- Program Service Revenue: $1,512,192
- Gross Receipts: $1,735,206
Assets and Liabilities:
- Total Assets: $503,904
- Total Liabilities: $353,832
- Net Assets: $150,072
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$1,386,002
ACCRUAL TO CASH DEFERRED REV
Revenue
$126,045
SALE OF MERCHANDISE
Revenue
$145
Organization Details
Founding Year
1999
Phone
(925) 299-1204Principal Officer
Paul Haast
Main Address
PO BOX 1035, LAFAYETTE, CA, 94549
Website
www.lamorindawaterpolo.orgNTEE Category
Code: N67 - Recreation
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