Overview
What is The Woodlands Swim Team?
The Woodlands Swim Team is a not-for-profit swim club situated in Texas, specifically in PO Box 708, The Woodlands. Their primary objective is to foster the sport of swimming and aid swimmers of various abilities in achieving their personal goals. Membership dues contribute towards the team's activities, including hosting swim meets, providing swimming lessons, and covering registration fees for some swimmers in additional swimming associations. Membership benefits include pool and facility usage, invitations to events, and opportunities for interaction with coaches. The club, with a workforce of 29 individuals, ensures the organization and execution of these activities.
Official website here: www.itwst.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
The Woodlands Swim Team has received a Two-Star rating from Charity Navigator, indicating a moderate level of transparency and financial management. The organization scored well in several areas, including a high program expense ratio of 98.05%, showing that a significant portion of its budget is directed towards its programs. Additionally, it has a fully independent board with strong accountability measures in place, contributing positively to its governance structure.
However, the rating is hindered by the lack of essential financial documentation, as the organization did not provide financial statements or a tax form on its website, which are important for assessing its financial health and transparency. Moreover, there are missing policies regarding conflict of interest and whistleblower protections, which could raise concerns about the organization's commitment to ethical governance and accountability.
Overall, while The Woodlands Swim Team demonstrates effective program spending and governance through its independent board, the absence of key financial disclosures and policies limits its overall rating and may impact stakeholder confidence. Addressing these gaps could enhance its transparency and strengthen its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Woodlands Swim Team legitimate?
The Woodlands Swim Team is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Woodlands 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: $85,263
Professional Fundraising Fees: $0
Other Salaries and Wages: $438,890
For more financial information, click here
Official website here: www.itwst.org
What is the mission statement of The Woodlands Swim Team?
The Woodlands Swim Team, being a not-for-profit organization, is dedicated to fostering the sport of swimming. It aims to assist swimmers of various abilities in achieving their personal goals. As part of its mission, it promotes swimming activities and hosts swim meets. The club provides membership benefits such as pool and facility usage, invitations to events, and opportunities for coach interaction. Additionally, membership dues may cover registration fees for some swimmers in other swimming associations, further supporting their swimming journey.
Official website here: www.itwst.org
Who is the CEO of The Woodlands Swim Team?
Frank Blanchard is the President of The Woodlands Swim Team.
Official website here: www.itwst.org
What is the revenue of The Woodlands Swim Team?
The Woodlands Swim Team's revenue in 2022 was $1,136,019.
Official website here: www.itwst.org
Who are the executives of The Woodlands Swim Team and what are their salaries?
The average compensation at The Woodlands Swim Team during 2022 was $18,074. There are 29 employees and 300 volunteers at The Woodlands Swim Team.
Here are 10 key members and their salaries:
- Compensation: $85,263
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- Other: $0
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- Other: $0
Official website here: www.itwst.org
Where can I find the form 990 for The Woodlands Swim Team?
The Woodlands Swim Team's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.itwst.org
Learn more at the official website: www.itwst.org
Mission Statement of The Woodlands Swim Team
The Woodlands Swim Team, a non-profit organization, is committed to fostering the sport of swimming and assisting swimmers of various abilities in achieving their personal goals. As a not-for-profit swim club, it promotes the love for swimming and offers a supportive environment for swimmers at all levels of skill. The club's mission is multifaceted, encompassing the hosting of swim meets, providing swimming lessons, and offering membership benefits such as pool and facility usage, invitations to activities, events, and coach interaction. Additionally, membership dues may cover registration fees for some swimmers in other swimming associations. Overall, The Woodlands Swim Team aims to nurture the swimming talents of its members and help them reach their full potential.
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Impact
July, 2024
The Woodlands Swim Team has a significant impact on the community by promoting the sport of swimming and helping swimmers of all levels achieve their personal goals. The team provides access to facilities, coaching, organized meets, and swimming lessons, creating a supportive environment for swimmers to improve their skills and fitness. Additionally, the team fosters a sense of community and encourages active lifestyles among its members.
This information is meant to be a general summary of The Woodlands 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 2022.
- Investment Income: $530
- Program Service Revenue: $1,135,424
- Gross Receipts: $1,215,761
Assets and Liabilities:
- Total Assets: $727,479
- Total Liabilities: $39,865
- Net Assets: $687,614
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS
Revenue
$725,747
SWIM MEETS
Revenue
$308,654
SWIM LESSONS
Revenue
$101,023
Organization Details
Founding Year
1979
Phone
(713) 301-4661Principal Officer
Frank Blanchard
Main Address
PO BOX 7081, THE WOODLANDS, TX, 77387
Website
www.itwst.orgNTEE Category
Code: N67 - Recreation
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