Overview
What is Gulf Swimming Inc?
Gulf Swimming Inc, based in Katy, Texas, is a nonprofit organization with a mission to foster learning, growth, and excellence through competitive swimming. With a team of three dedicated individuals, Gulf Swimming (GS) supports over 50 member swimming clubs. They financially assist swimmers by covering travel expenses for national-level meets, enabling numerous athletes to participate in various competitions annually. In 2022, Gulf Swimming sponsored the travel of nearly 740 swimmers, including 118 who attended the Southern Zone Senior Meet and 271 who joined the Gold Medal Clinic. The organization also invested in the Futures Championship, assisting 64 swimmers from its member clubs. Gulf Swimming has a strong commitment to nurturing leaders through competitive swimming, embodying the motto, "Competitive Swimming for All."
Official website here: www.ww.teamunify.com/team/gslsc/page/home
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating
Gulf Swimming Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. Their overall score, which is perfect, is solely derived from a high score in the Accountability & Finance beacon. This reflects that the organization adheres to best practices, ensuring transparency and responsible management of resources.
The organization demonstrates notable strengths, including a fully independent board, with 14 members and perfect scores in areas such as financial statements oversight and conflict of interest policies. Their program expense ratio stands at 93.36%, signifying that a substantial majority of their expenditures are directed toward their programs, which is a positive indicator of their commitment to mission fulfillment.
There are no significant limitations noted in the feedback, as Gulf Swimming Inc has maintained excellent accountability practices and has not faced issues such as asset diversion. This strong financial governance positions the organization as a reliable choice for donors looking to support effective and well-managed nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Gulf Swimming Inc legitimate?
Gulf Swimming Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gulf 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: $122,958
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,901
For more financial information, click here
Official website here: www.ww.teamunify.com/team/gslsc/page/home
What is the mission statement of Gulf Swimming Inc?
Gulf Swimming Inc, through its competitive swimming program, offers opportunities for individuals to learn, grow, and strive for excellence, ultimately developing leaders. The organization's motto is "Competitive Swimming for All." Gulf Swimming Inc supports its members by funding their travel to national-level meets, enabling numerous swimmers to participate in various competitions annually. In 2022, for instance, travel expenses were covered for nearly 740 swimmers, allowing 118 of them to attend the Southern Zone Senior Meet and 271 to join the Gold Medal Clinic. The organization also invests in the development of young swimmers, spending over $32,000 to assist 64 swimmers at the Futures Championship. In total, Gulf Swimming Inc funded the participation of over 180 swimmers in 14 additional national-level meets.
Official website here: www.ww.teamunify.com/team/gslsc/page/home
Who is the CEO of Gulf Swimming Inc?
Charlie Fry is the General Chai of Gulf Swimming Inc.
Official website here: www.ww.teamunify.com/team/gslsc/page/home
What is the revenue of Gulf Swimming Inc?
Gulf Swimming Inc's revenue in 2022 was $615,566.
Official website here: www.ww.teamunify.com/team/gslsc/page/home
Who are the executives of Gulf Swimming Inc and what are their salaries?
The average compensation at Gulf Swimming Inc during 2022 was $53,286. There are 3 employees and 202 volunteers at Gulf Swimming Inc.
Here are 19 key members and their salaries:
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Official website here: www.ww.teamunify.com/team/gslsc/page/home
Where can I find the form 990 for Gulf Swimming Inc?
Gulf Swimming Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ww.teamunify.com/team/gslsc/page/home
Learn more at the official website: www.ww.teamunify.com/team/gslsc/page/home
Mission Statement of Gulf Swimming Inc
Gulf Swimming, a nonprofit organization, is dedicated to offering opportunities for personal growth and the pursuit of excellence through competitive swimming. Their mission is to nurture leaders, embodying the motto "Competitive Swimming for All." The organization provides support to over 50 swimming clubs, funding travel expenses for swimmers to participate in national-level meets. In 2022 alone, Gulf Swimming financed the journeys of nearly 740 swimmers, including 118 who attended the Southern Zone Senior Meet, 271 who participated in the Gold Medal Clinic, and 64 who represented Gulf Swimming in the Futures Championship. Moreover, the organization invested resources to enable 168 swimmers to take part in 11 other national-level meets, demonstrating its commitment to providing ample opportunities for competitive swimming.
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Impact
July, 2024
Gulf Swimming Inc's impact is significant in providing opportunities for individuals to learn, grow, and strive for excellence through competitive swimming. By supporting over 50 member swimming clubs, Gulf Swimming funds travel expenses for swimmers to participate in national level meets. In 2022 alone, nearly 740 swimmers had their travel expenses covered. This support enabled 118 swimmers to attend the Southern Zone Senior Meet, facilitated 271 swimmers in the Gold Medal Clinic, and assisted 64 swimmers in the Futures Championship. Moreover, Gulf Swimming allocated funds to help 168 swimmers participate in 11 other national-level meets. This financial support not only enables swimmers to showcase their skills but also fosters leadership development within the swimming community.
This information is meant to be a general summary of Gulf 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.
- Investment Income: $586
- Program Service Revenue: $601,700
- Gross Receipts: $615,566
Assets and Liabilities:
- Total Assets: $2,358,700
- Total Liabilities: $0
- Net Assets: $2,358,700
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEET ENTRY FEES
Revenue
$351,433
MEMBER DUES
Revenue
$225,629
FINES AND SANCTIONS
Revenue
$18,090
EQUIPMENT RENTAL
Revenue
$6,548
Organization Details
Founding Year
1982
Phone
(713) 819-7974Principal Officer
Charlie Fry
Main Address
1911 SHADOW FOREST DR, KATY, TX, 77494
NTEE Category
Code: N67Z - Recreation
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