Overview
What is Pegasus Water Polo Academy?
The Pegasus Water Polo Academy, situated in Dallas, Texas, serves as a nonprofit organization with a primary focus on nurturing the passion for water polo among youth aged 7 to 17. They conduct practices seven days a week, utilizing four pools throughout the Dallas area. With approximately 175 members, the academy aims to foster both competitive and fitness-oriented adult swim opportunities in North Texas, in addition to promoting water polo among youth and adults. Their mission is to expand the availability and enthusiasm for this aquatic sport within the region.
Official website here: www.pegasuswaterpolo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
Pegasus Water Polo Academy has received a Three-Star rating from Charity Navigator, reflecting an overall score of 77%. This score is derived entirely from the Accountability & Finance beacon, which indicates a strong focus on financial health and transparency. The organization demonstrates good practices with a majority of independent board members and no material diversion of assets, along with detailed documentation practices.
The academy excels in maintaining a high program expense ratio of 92.95%, suggesting that a significant portion of its funds is directed towards its core mission and programs. Furthermore, it has a favorable liabilities to assets ratio of 44.71%, which indicates sound financial management. The presence of a conflict of interest policy and proper documentation of board meeting minutes further enhances its accountability.
However, there is a notable limitation in that the organization is missing a whistleblower policy, which could be important for fostering an environment of transparency and ethical governance. Despite this shortcoming, the organization's strong financial practices and commitment to accountability contribute positively to its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Pegasus Water Polo Academy legitimate?
Pegasus Water Polo Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pegasus Water Polo Academy 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: $33,305
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pegasuswaterpolo.org
What is the mission statement of Pegasus Water Polo Academy?
The Pegasus Water Polo Academy's mission is centered around introducing and fostering the growth of water polo among both youth and adults in the North Texas region. Additionally, they aim to enhance adult swimming opportunities, offering both competitive and fitness-oriented programs. The organization's objective is not limited to water polo, but also extends to advancing swimming opportunities for adults in North Texas.
Official website here: www.pegasuswaterpolo.org
Who is the CEO of Pegasus Water Polo Academy?
Tom Daulton is the Head Coach of Pegasus Water Polo Academy.
Official website here: www.pegasuswaterpolo.org
What is the revenue of Pegasus Water Polo Academy?
Pegasus Water Polo Academy's revenue in 2022 was $596,808.
Official website here: www.pegasuswaterpolo.org
Who are the executives of Pegasus Water Polo Academy and what are their salaries?
The average compensation at Pegasus Water Polo Academy during 2022 was $11,102. There are 3 employees and 20 volunteers at Pegasus Water Polo Academy.
Here are 8 key members and their salaries:
- Compensation: $18,000
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.pegasuswaterpolo.org
Where can I find the form 990 for Pegasus Water Polo Academy?
Pegasus Water Polo Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pegasuswaterpolo.org
Learn more at the official website: www.pegasuswaterpolo.org
Mission Statement of Pegasus Water Polo Academy
Pegasus Water Polo Academy, a prominent organization, is dedicated to introducing and advancing both youth and adult water polo in North Texas. Beyond water polo, the academy also aims to advance swim opportunities for adults, catering to both competitive and fitness-focused individuals in the region. The mission of Pegasus Water Polo Academy is multifaceted, aiming to foster a love for water polo and swimming among the youth and adults of North Texas.
The academy conducts regular water polo practices for young individuals aged between 7 and 17. These sessions are held seven days a week at four different pools located within the Dallas area. Pegasus Water Polo Academy boasts a significant membership base, with an average of approximately 175 members. The organization's mission is not just limited to providing water polo training but also includes promoting adult swim opportunities, catering to diverse interests and skill levels.
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Impact
July, 2024
Pegasus Water Polo Academy is making waves in the North Texas community by introducing and advancing youth and adult water polo. With an average membership of approximately 175 individuals, the academy provides opportunities for young athletes between the ages of 7 and 17 to engage in the sport through daily practices at four pools in the Dallas area. By promoting water polo and offering competitive and fitness-focused swim opportunities, Pegasus is not only shaping the future of water polo in the region but also fostering a strong sense of community and physical well-being among its members.
This information is meant to be a general summary of Pegasus Water Polo Academy. 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: $100,711
- Gross Receipts: $596,808
Assets and Liabilities:
- Total Assets: $83,272
- Total Liabilities: $42,487
- Net Assets: $40,785
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT FEE COLLECT
Revenue
$80,161
TOURNAMENT HOSTING REV
Revenue
$20,550
Organization Details
Founding Year
2016
Phone
(214) 969-7588Principal Officer
Tom Daulton
Main Address
2732 DANIEL AVE, DALLAS, TX, 75205
Website
www.pegasuswaterpolo.orgNTEE Category
Code: N67 - Recreation
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