Overview
What is Fort Collins Area Swim Team?
The Fort Collins Area Swim Team (FAST) is a nonprofit organization situated in Fort Collins, Colorado. This athlete-centered, coach-driven, and parent-supported team aims to foster character development, swimming excellence, and leadership among over 300 athletes aged 5 to 18. By promoting goal setting and long-term athletic development, FAST has consistently ranked among top swim clubs in the United States. The organization encourages positive attitudes and actions both in and out of the pool, inspiring members to establish respectful and supportive relationships. FAST prioritizes providing a safe and positive environment for all team members, contributing to its overall success through financial stability, sustained growth, and retaining professional staff. The primary mission of FAST is to create an environment where swimmers can develop their potential as athletes and individuals, setting high yet realistic goals for their personal development.
Official website here: www.fortcollinsareaswimteam.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
The Fort Collins Area Swim Team has received a 69% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization showcases strong governance with full points for majority independent board members and independent board size, which reflects a commitment to good oversight practices.
However, the organization has notable weaknesses, particularly in its lack of essential policies such as conflict of interest and whistleblower protections, both of which received zero points. This raises concerns about the organization's transparency and internal controls, crucial for fostering trust among stakeholders.
On a positive note, the team demonstrates an impressive program expense ratio of 97.13%, suggesting that a significant portion of its funding is directed towards its mission-related activities. Additionally, the liabilities to assets ratio is healthy at 22.68%, indicating a solid financial foundation. Nonetheless, addressing its governance shortcomings will be essential for enhancing overall performance and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Collins Area Swim Team legitimate?
Fort Collins Area Swim Team is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Collins Area 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: $400,343
For more financial information, click here
Official website here: www.fortcollinsareaswimteam.org
What is the mission statement of Fort Collins Area Swim Team?
The Fort Collins Area Swim Team's mission is centered around fostering an environment that allows swimmers to thrive both as athletes and individuals. This is achieved by encouraging swimmers to set realistic yet ambitious goals for their development. This team, known for its athlete-centered approach, is driven by coaches and supported by parents. It promotes positive attitudes and actions, both in and out of the pool, and encourages the formation of long-term, respectful, and supportive relationships among its members. The team strives for organizational success by maintaining financial stability, fostering sustainable growth, and retaining a professional staff.
Official website here: www.fortcollinsareaswimteam.org
What is the revenue of Fort Collins Area Swim Team?
Fort Collins Area Swim Team's revenue in 2024 was $939,424.
Official website here: www.fortcollinsareaswimteam.org
Who are the executives of Fort Collins Area Swim Team and what are their salaries?
The average compensation at Fort Collins Area Swim Team during 2024 was $26,690. There are 15 employees and 300 volunteers at Fort Collins Area Swim Team.
Here are 13 key members and their salaries:
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Official website here: www.fortcollinsareaswimteam.org
Where can I find the form 990 for Fort Collins Area Swim Team?
Fort Collins Area Swim Team's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.fortcollinsareaswimteam.org
Learn more at the official website: www.fortcollinsareaswimteam.org
Mission Statement of Fort Collins Area Swim Team
The Fort Collins Area Swim Team, abbreviated as FAST, is dedicated to establishing an environment that fosters the growth of swimmers, not just as athletes, but also as individuals. This mission encompasses teaching swimmers to establish ambitious, yet achievable objectives for their development. FAST is committed to nurturing character, swimming expertise, and leadership in over 300 athletes aged between 5 and 18. The team, driven by coaches and supported by parents, promotes positive attitudes and actions, both in and out of the pool. FAST encourages its members to form lasting, respectful, and supportive relationships. By maintaining a secure and favorable environment, FAST strives for organizational success, ensuring financial stability, long-term growth, and the retention of professional staff, thereby positioning itself among the top swim clubs in the United States, promoting long-term athletic development and goal setting.
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Impact
July, 2024
The Fort Collins Area Swim Team (FAST) has a significant impact on the community by fostering the development of over 300 athletes ranging in age from 5 to 18 in Northern Colorado. FAST is committed to creating a positive and supportive environment that promotes character development, swimming excellence, and leadership among its members. By encouraging goal setting, long-term athletic development, and positive attitudes both in and out of the pool, FAST not only helps athletes excel in their sport but also encourages the formation of respectful and supportive relationships. Through financial stability, long-term growth, and a dedicated professional staff, FAST continues to be among the top swim clubs in the United States, making a lasting impact on the lives of its members and the broader community.
This information is meant to be a general summary of Fort Collins Area 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 2024.
- Investment Income: $3,142
- Program Service Revenue: $928,196
- Gross Receipts: $939,424
Assets and Liabilities:
- Total Assets: $239,343
- Total Liabilities: $54,293
- Net Assets: $185,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES AND AS
Revenue
$487,200
TEAM SPONSORED SWIM ME
Revenue
$432,991
COLLINDALE SUMMER SWIM
Revenue
$8,005
Organization Details
Founding Year
1992
Principal Officer
Cornel Gazdaru
NTEE Category
Code: N67Z - Recreation
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