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Usa Swimming Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 721581977 ✦ Colorado springs, CO ✦ Designated as a 501(c)(3)

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Overview

What is Usa Swimming Foundation Inc?

Usa Swimming Foundation Inc, located in Colorado Springs, Colorado, is a nonprofit organization dedicated to promoting water safety and strengthening the sport of swimming. With a mission to save lives, build champions, and impact communities, they implement a Learn-to-Swim initiative in collaboration with USA Swimming. This initiative aims to teach swimming skills and water safety education to both children and adults, ultimately reducing the risk of drowning. With a small team of three dedicated individuals, the USA Swimming Foundation plays a crucial role in fostering a safer and more inclusive swimming community.


Official website here: www.usaswimming.org/foundation

Is Usa Swimming Foundation Inc legitimate?

Usa Swimming Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usa Swimming Foundation 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: $33,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $232,039

For more financial information, click here


Official website here: www.usaswimming.org/foundation

What is the mission statement of Usa Swimming Foundation Inc?

The USA Swimming Foundation, established in 2004, is committed to strengthening the sport of swimming. Their mission involves three key areas: saving lives, building champions, and impacting communities. In the realm of saving lives, they focus on the Learn-to-Swim Initiative, aiming to equip children and adults with the essential life-saving skill of swimming and water safety education. By building champions, the foundation supports the development of competitive swimmers, contributing to the growth of the sport. Lastly, they strive to impact communities beyond swimming, using the sport as a tool for positive change.


Official website here: www.usaswimming.org/foundation

Who is the CEO of Usa Swimming Foundation Inc?

Timothy Hinchey is the Chief Executive Officer of Usa Swimming Foundation Inc. The CEO's salary of Usa Swimming Foundation Inc is $0 and their total compensation is $973,463.


Official website here: www.usaswimming.org/foundation

What is the revenue of Usa Swimming Foundation Inc?

Usa Swimming Foundation Inc's revenue in 2022 was $3,461,390.


Official website here: www.usaswimming.org/foundation

Who are the executives of Usa Swimming Foundation Inc and what are their salaries?

The average compensation at Usa Swimming Foundation Inc during 2022 was $88,513. There are 3 employees and 150 volunteers at Usa Swimming Foundation Inc.


Here are 20 key members and their salaries (Usa Swimming Foundation Inc's CEO's salary is $0 and their total compensation is $973,463):


Timothy Hinchey (Chief Executive Officer)
  • Compensation: $0
  • Related: $910,568
  • Other: $62,895
Eric Skufca (Chief Financial Officer)
  • Compensation: $0
  • Related: $284,888
  • Other: $58,717
Cullen Jones (Director)
  • Compensation: $33,500
  • Related: $0
  • Other: $0
Jeff Moxie (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Shackley (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Berry (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Wiederecht (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Blavatnik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Bornstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Eubanks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cecil Gordon (Director (To 06/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jordan Kaplan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Maxson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Beisel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawson Hughes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Definis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Pinchbeck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Kossow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Buckley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Luchsinger (Director (From 04/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.usaswimming.org/foundation

Where can I find the form 990 for Usa Swimming Foundation Inc?

Usa Swimming Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.usaswimming.org/foundation

Learn more at the official website: www.usaswimming.org/foundation

Mission Statement of Usa Swimming Foundation Inc

The USA Swimming Foundation, established in 2004, is committed to enhancing the sport of swimming. Their mission is threefold: saving lives, building champions, and impacting communities. In their pursuit to save lives, they focus on teaching swimming skills and educating individuals on water safety. This initiative empowers both children and adults with the vital life-saving skill of swimming, aiming to reduce the risk of drowning. The foundation's work extends beyond swimming lessons, as they also advocate for water safety education.

In their mission to build champions, the USA Swimming Foundation supports the development of talented swimmers. By investing in swimming programs and initiatives, they provide opportunities for aspiring swimmers to excel in the sport, fostering a new generation of champions. This commitment to nurturing talent extends beyond the pool, as the foundation also aims to positively impact communities through their activities. By promoting swimming, they contribute to a healthier and more engaged population.

The USA Swimming Foundation's mission is a holistic approach to strengthening the sport of swimming. By saving lives through water safety education and lessons, building champions by supporting talented swimmers, and impacting communities, they are truly making a difference in the world of swimming. Their work is dedicated to the betterment of the sport, the individuals who participate in it, and the communities in which it thrives.

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Impact




October, 2024

USA Swimming Foundation Inc has a significant impact on communities by enhancing swimming safety, fostering athletic excellence, and promoting social engagement. Through its Learn-to-Swim Initiative, the foundation empowers individuals, particularly children, with essential swimming skills, significantly reducing the risk of drowning. This initiative creates a safer environment around water for families and communities, addressing a critical public safety concern.

Additionally, the foundation plays a crucial role in developing future champions in the sport of swimming. By providing resources, support, and coaching, it nurtures young athletes, helping them reach their full potential both in and out of the pool. This emphasis on athletic development not only promotes individual achievement but also strengthens the overall swimming community.

Moreover, the foundation's focus on community impact fosters inclusivity and accessibility to swimming programs. By reaching diverse populations, it ensures that more people can benefit from the joys and advantages of swimming, further enhancing community ties and overall health. In essence, USA Swimming Foundation Inc's initiatives contribute to safer, healthier, and more vibrant communities through the power of swimming.




This information is meant to be a general summary of Usa Swimming Foundation 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.

Revenue
$3,461,390 (2022)
Expenses
$3,771,278 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $494,729
  • Program Service Revenue: $619,805
  • Gross Receipts: $13,947,219

Assets and Liabilities:

  • Total Assets: $19,829,085
  • Total Liabilities: $133,929
  • Net Assets: $19,695,156

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SPONSORSHIPS

Revenue

$619,805

Organization Details

Founding Year

2004

Principal Officer

Timothy Hinchey

Main Address

1 Olympic Plaza, Colorado Springs, CO, 80909

NTEE Category

Code: N11 - Recreation

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