Overview
What is Sarasota Sharks Inc?
Sarasota Sharks Inc is a distinguished nonprofit organization situated in Sarasota, Florida. Known for its world-class swimming programs, the organization has nurtured athletes who have achieved success at both local and international levels. Beyond competitive swimming, Sarasota Sharks Inc also contributes significantly to the local economy, with annual financial impact of millions of dollars due to its facility operations. The organization operates the Selby Aquatic Center, managing various aquatic programs such as lessons, masters swimming, water polo, and community events. With a strong commitment to character development, Sarasota Sharks Inc fosters integrity, resiliency, teamwork, respect, and self-discipline in its swimmers, ensuring they grow into well-rounded individuals. The nonprofit employs 43 individuals, demonstrating its dedication to the community and the sport.
Official website here: www.sarasotasharks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The rating indicates that Sarasota Sharks Inc has met certain standards of accountability and finance, particularly with a strong emphasis on having a fully independent board, which reflects positively on governance. The organization has a high program expense ratio of 87.52%, suggesting that a significant portion of its funds is directed toward its mission-related activities.
However, there are notable limitations in terms of transparency. The organization has not provided financial statements, which is a significant area of concern that affected its overall score. Additionally, Sarasota Sharks Inc lacks critical policies, such as a whistleblower policy and a document retention and destruction policy, which are important for maintaining accountability and protecting the organization and its stakeholders.
While the organization demonstrates strengths in its board composition and program spending, the absence of essential financial documentation and policies may undermine donor confidence. Overall, potential supporters are encouraged to consider these factors when evaluating their contributions to Sarasota Sharks Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Sarasota Sharks Inc legitimate?
Sarasota Sharks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sarasota Sharks 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: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $523,036
For more financial information, click here
Official website here: www.sarasotasharks.org
What is the mission statement of Sarasota Sharks Inc?
Sarasota Sharks Inc, as an organization, focuses on nurturing champions in life through swimming instruction and coaching. Their mission is to foster positive physical and character development among athletes, emphasizing values such as integrity, resiliency, teamwork, respect, and self-discipline. Sarasota Sharks operates a range of aquatics programs, including competitive swimming, lessons, masters swimming, synchronized swimming, water polo, community programs, training/rental, and events, at the Selby Aquatic Center. This world-class program has produced athletes who have excelled at state, regional, national, and international levels, contributing significantly to the swimming community. Additionally, the operations of the facility generate a substantial economic impact.
Official website here: www.sarasotasharks.org
Who is the CEO of Sarasota Sharks Inc?
Brent Arckey is the Ceo of Sarasota Sharks Inc. The CEO's salary of Sarasota Sharks Inc is $105,000 and their total compensation is $105,000.
Official website here: www.sarasotasharks.org
What is the revenue of Sarasota Sharks Inc?
Sarasota Sharks Inc's revenue in 2022 was $1,507,946.
Official website here: www.sarasotasharks.org
Who are the executives of Sarasota Sharks Inc and what are their salaries?
The average compensation at Sarasota Sharks Inc during 2022 was $14,605. There are 43 employees and 82 volunteers at Sarasota Sharks Inc.
Here are 7 key members and their salaries (Sarasota Sharks Inc's CEO's salary is $105,000 and their total compensation is $105,000):
- Compensation: $105,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sarasotasharks.org
Where can I find the form 990 for Sarasota Sharks Inc?
Sarasota Sharks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sarasotasharks.org
Learn more at the official website: www.sarasotasharks.org
Mission Statement of Sarasota Sharks Inc
Sarasota Sharks Inc, through its stewardship of the Selby Aquatic Center, aims to foster champions in life beyond the swimming pool. Utilizing swimming instruction and coaching, this nonprofit organization cultivates positive physical and character development in each athlete. Guided by its core values of integrity, resiliency, teamwork, respect, and self-discipline, Sarasota Sharks Inc nurtures swimmers at various levels, from novices to international competitors.
By offering a diverse range of aquatics programs, including competitive swimming, lessons, masters swimming, synchronized swimming, water polo, community programs, training/rental, and events, Sarasota Sharks Inc provides a comprehensive platform for athletes to grow and excel. In addition to its commitment to competitive swimming, Sarasota Sharks Inc contributes significantly to the local economy, generating millions of dollars annually through the operation of its facility. This long-standing tradition of safe and competitive swimming has made Sarasota Sharks Inc a renowned name in the world of aquatics, consistently producing athletes who have shattered records at state, national, and international levels.
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Impact
July, 2024
Sarasota Sharks Inc's impact can be seen through their operation of the Selby Aquatic Center, where they offer a wide range of aquatics programs and manage the pool. The Sarasota Sharks program is renowned for producing athletes at various levels, from state to international competitions, and has set records at state, American, and World levels. This high-level swimming program not only fosters athletic excellence but also contributes millions of dollars annually to the local economy through the facility's operations. By providing a venue for safe and competitive swimming, the Sarasota Sharks have excelled for decades, developing champions in life through their core values of integrity, resiliency, teamwork, respect, and self-discipline.
This information is meant to be a general summary of Sarasota Sharks 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: $114
- Program Service Revenue: $1,161,043
- Gross Receipts: $1,573,705
Assets and Liabilities:
- Total Assets: $1,606,421
- Total Liabilities: $250,666
- Net Assets: $1,355,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
All other program svc rev
Revenue
$78,671
Facility
Revenue
$128,578
Hosted Swim Events/Banque
Revenue
$219,649
Master Membership
Revenue
$169,749
Membership Dues - Age19
Revenue
$564,396
Organization Details
Founding Year
2017
Phone
(941) 260-9107Principal Officer
Brent Arckey
Main Address
8501 Potter Park Drive, Sarasota, FL, 34238
Website
www.sarasotasharks.orgNTEE Category
Code: N67 - Recreation
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