Overview
What is Metroplex Aquatics?
Metroplex Aquatics is a nonprofit organization situated in Allen, Texas, specifically at 1314 W MCDERMOTT SUITE 106 521. Their primary focus is on providing coaching, facilities, and training for approximately 650 students and swimmers. This organization, with a workforce of 80 individuals, is dedicated to cultivating swimming skills and promoting aquatic activities within the community. They offer a comprehensive learning environment, utilizing their facilities and expertise to foster the growth and development of aspiring swimmers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Metroplex Aquatics has received a score of 67%, indicating a Two-Star rating. This rating reflects the organization’s performance in accountability and finance, where it has demonstrated a solid management structure, including a fully independent board. Notably, the charity excels in program expense ratios, indicating that a significant portion of its resources are directed towards its programs rather than administrative costs.
The organization shows strengths in various areas such as maintaining a majority independent board and effectively documenting board meeting minutes. With a liabilities to assets ratio of 16%, Metroplex Aquatics appears financially stable, which is a positive sign for potential donors and supporters.
However, despite these strengths, the overall two-star rating suggests that there may be areas for improvement. The rating could indicate concerns about aspects not fully detailed in the financial metrics, encouraging a closer look at the organization's overall impact and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Metroplex Aquatics legitimate?
Metroplex Aquatics is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metroplex Aquatics 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: $123,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $511,655
For more financial information, click here
What is the mission statement of Metroplex Aquatics?
Metroplex Aquatics is committed to providing coaching, facilities, and training for approximately 650 students and swimmers. Their primary objective is to foster an environment that enables these individuals to develop their swimming skills and abilities. The organization offers a comprehensive approach, encompassing coaching sessions, access to swimming facilities, and ongoing training, ensuring a well-rounded swimming experience for its students. By offering these services, Metroplex Aquatics aims to contribute positively to the swimming community, fostering a passion for the sport and promoting personal growth among its participants.
Who is the CEO of Metroplex Aquatics?
Lisa Stults is the President of Metroplex Aquatics.
What is the revenue of Metroplex Aquatics?
Metroplex Aquatics's revenue in 2022 was $1,377,964.
Who are the executives of Metroplex Aquatics and what are their salaries?
The average compensation at Metroplex Aquatics during 2022 was $7,937. There are 80 employees and 12 volunteers at Metroplex Aquatics.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $108,000
- Related: $0
- Other: $0
- Compensation: $15,300
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Metroplex Aquatics?
Metroplex Aquatics's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Metroplex Aquatics
Metroplex Aquatics, a notable organization, is dedicated to providing coaching, facilities, and training for approximately 650 students and swimmers. Their mission is centered around empowering these individuals through swimming, offering them a comprehensive learning experience. The organization's commitment extends beyond just teaching swimming techniques; it also provides the necessary facilities and resources for these students to train effectively. Metroplex Aquatics plays a significant role in nurturing the swimming skills of its students, fostering their development both in and out of the water.
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Impact
July, 2024
Metroplex Aquatics is making a significant impact by providing coaching, facilities, and training for approximately 650 students and swimmers in Allen, TX. Their dedication to fostering the skills and abilities of these individuals is helping them develop into strong and competent athletes. Through their commitment to the community and the sport of swimming, Metroplex Aquatics is contributing to the overall improvement of recreational opportunities in the area.
This information is meant to be a general summary of Metroplex Aquatics. 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.
- Program Service Revenue: $1,176,643
- Gross Receipts: $1,387,298
Assets and Liabilities:
- Total Assets: $66,908
- Total Liabilities: $14,157
- Net Assets: $52,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT FEES
Revenue
$1,176,643
Organization Details
Founding Year
1998
Phone
(214) 395-7050Principal Officer
Lisa Stults
Main Address
1314 W MCDERMOTT SUITE 106 521, ALLEN, TX, 75013
NTEE Category
Code: N67 - Recreation
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