Overview
What is City Of Midland Aquatics Inc?
City of Midland Aquatics Inc, located in Midland, Texas, serves as a significant nonprofit organization with a mission to support and promote aquatic programs for the children of West Texas. Their primary goal is to encourage competitive aquatics, collaborating with other organizations for the benefit of participants. They also guide local organizations in developing aquatic programs. The organization combats juvenile delinquency and health issues by utilizing their programs. Additionally, they offer educational classes to residents on aquatic skills and water safety habits. The organization, with 186 employees, is dedicated to maintaining, supervising, and supporting aquatic programs for both children and adults, promoting health, rehabilitation, and fitness.
Official website here: www.comaquatics.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
City Of Midland Aquatics Inc has received a Three-Star rating from Charity Navigator, indicating a solid overall performance in accountability and finance. The organization boasts a high percentage of independent board members and has received full marks for its audit and oversight committee, showcasing strong governance practices. The program expense ratio of approximately 75.79% reflects a significant commitment to its mission through programmatic spending.
However, the charity has notable limitations, particularly related to missing policies such as conflict of interest, whistleblower, and document retention, which may affect transparency and accountability. Additionally, the absence of tax forms on its website could hinder public access to important financial information. Despite these gaps, the organization maintains a healthy liabilities to assets ratio of 2.11%, suggesting financial stability.
Overall, while City Of Midland Aquatics Inc demonstrates strengths in governance and financial management, it could enhance its credibility by addressing the missing policies and ensuring comprehensive transparency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is City Of Midland Aquatics Inc legitimate?
City Of Midland Aquatics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Of Midland Aquatics 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: $221,456
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,654,327
For more financial information, click here
Official website here: www.comaquatics.com
What is the mission statement of City Of Midland Aquatics Inc?
The mission of City of Midland Aquatics Inc. is centered around maintaining, supervising, and supporting various aquatic and other programs for children in West Texas. They aim to promote competitive swimming with other organizations, benefiting the participants. The organization also directs local organizations in the development of aquatic programs and utilizes these programs to combat juvenile delinquency and health issues. In addition, they offer educational classes to residents, teaching basic and advanced aquatic skills and water safety habits. Furthermore, they maintain and support aquatic programs for adults and children, focusing on health, rehabilitation, and fitness.
Official website here: www.comaquatics.com
Who is the CEO of City Of Midland Aquatics Inc?
Brad Swendig is the Chairman of City Of Midland Aquatics Inc.
Official website here: www.comaquatics.com
What is the revenue of City Of Midland Aquatics Inc?
City Of Midland Aquatics Inc's revenue in 2022 was $5,086,362.
Official website here: www.comaquatics.com
Who are the executives of City Of Midland Aquatics Inc and what are their salaries?
The average compensation at City Of Midland Aquatics Inc during 2022 was $10,085. There are 186 employees at City Of Midland Aquatics Inc.
Here are 18 key members and their salaries:
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- Other: $9,426
Official website here: www.comaquatics.com
Where can I find the form 990 for City Of Midland Aquatics Inc?
City Of Midland Aquatics Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.comaquatics.com
Learn more at the official website: www.comaquatics.com
Mission Statement of City Of Midland Aquatics Inc
City of Midland Aquatics Inc is committed to maintaining, supervising, and supporting a variety of aquatic and other programs for the children of West Texas. Their mission is multifaceted, aiming to promote aquatic competition among various organizations for the benefit of participants, while also directing area organizations in the development of aquatic programs. Moreover, the organization utilizes these programs to combat juvenile delinquency and health issues, and provides educational classes to residents of all ages, teaching basic and advanced aquatic skills and water safety habits. Additionally, City of Midland Aquatics Inc supports aquatic and other programs for adults and children, fostering health, rehabilitation, and fitness.
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Impact
July, 2024
City Of Midland Aquatics Inc's impact can be seen through its commitment to maintaining, supervising, and supporting aquatic programs for the children of West Texas. By coaching approximately 402 swimmers and 98 divers competitively, the organization not only promotes aquatic competition but also provides opportunities for youth development and combatting juvenile delinquency and health problems. Additionally, by offering educational classes on aquatic skills and water safety to residents of all ages, City Of Midland Aquatics Inc plays a vital role in promoting health, rehabilitation, and fitness within the community.
This information is meant to be a general summary of City Of Midland Aquatics 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: $13,573
- Program Service Revenue: $2,871,280
- Gross Receipts: $6,486,711
Assets and Liabilities:
- Total Assets: $15,549,006
- Total Liabilities: $313,698
- Net Assets: $15,235,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES
Revenue
$1,580,484
THERAPY/WELLNESS
Revenue
$803,404
SWIM MEETS
Revenue
$366,042
POOL USE FEES
Revenue
$58,503
PRIVATE LESSONS
Revenue
$30,506
Organization Details
Founding Year
1968
Phone
(432) 684-7755Principal Officer
Brad Swendig
Main Address
3003 NORTH A STREET, MIDLAND, TX, 797055304
Website
www.comaquatics.comNTEE Category
Code: N67Z - Recreation
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