Overview
What is Swim Melbourne Foundation?
Swim Melbourne Foundation is a nonprofit organization located in Indialantic, Florida. Their primary mission is to construct a state-of-the-art aquatic center in Brevard County, aiming to promote swimming for local families. Funds raised by the foundation will be allocated towards this project. The aquatic center, scheduled to open in 2024, will feature a 10-lane competition pool and a 3-lane teaching pool. The competition pool will serve as a training facility for Swim Melbourne Mahi age group and masters teams, with ambitions to elevate them to national-level programs. Simultaneously, the teaching pool will cater to young families seeking swim lessons, and provide opportunities for adult fitness, water aerobics, rehabilitation, and triathlon training. The Swim Melbourne Foundation is in the process of raising 4.5 million dollars for construction, with ongoing operational expenses supported by annual memberships.
Official website here: www.swimmelbournefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
The Swim Melbourne Foundation has received a low score of 36%, indicating significant concerns regarding its accountability and financial management practices. While the organization has a fully independent board with strong metrics in certain areas, it falls short in critical governance aspects such as having a conflict of interest policy, whistleblower policy, and proper document retention processes. These deficiencies contribute to the overall lack of trustworthiness in its operations.
Strengths noted include the foundation's adherence to transparency in independent board composition and the posting of board meeting minutes. However, the absence of essential policies suggests potential risks in governance and oversight, which could hinder the organization's effectiveness and public perception. Furthermore, the foundation's failure to provide adequate financial documentation on its website raises additional concerns regarding transparency.
In summary, while Swim Melbourne Foundation demonstrates some positive governance aspects, the substantial gaps in its policies and financial practices lead to a troubling evaluation. Prospective donors and stakeholders may want to thoroughly consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Swim Melbourne Foundation legitimate?
Swim Melbourne Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swim Melbourne Foundation 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.swimmelbournefoundation.org
What is the mission statement of Swim Melbourne Foundation?
The Swim Melbourne Foundation aims to construct a state-of-the-art aquatic center, using funds raised for this purpose. This charitable organization, formed to promote swimming for families, intends to establish the facility in Palm Shores. The center will feature a 10-lane competition pool and a 3-lane teaching pool. The competition pool will serve as a training ground for the Swim Melbourne Mahi age group and masters teams, aiming to elevate them into national-level programs. The teaching pool will attract young families for swimming lessons and host activities such as adult fitness, water aerobics, rehabilitation, and triathlon training.
Official website here: www.swimmelbournefoundation.org
Who is the CEO of Swim Melbourne Foundation?
Mike Mirada is the Board Member of Swim Melbourne Foundation.
Official website here: www.swimmelbournefoundation.org
What is the revenue of Swim Melbourne Foundation?
Swim Melbourne Foundation's revenue in 2022 was $192,241.
Official website here: www.swimmelbournefoundation.org
Who are the executives of Swim Melbourne Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.swimmelbournefoundation.org
Where can I find the form 990 for Swim Melbourne Foundation?
Swim Melbourne Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swimmelbournefoundation.org
Learn more at the official website: www.swimmelbournefoundation.org
Mission Statement of Swim Melbourne Foundation
Swim Melbourne Foundation, a non-profit charity, is dedicated to promoting the sport of swimming for families in their community. Their mission is to construct a state-of-the-art aquatic center, where funds raised will be donated towards this cause. The proposed facility, located in Palm Shores, will feature a 10-lane competition pool and a 3-lane teaching pool. The competition pool will serve as the training ground for Swim Melbourne Mahi's age group and masters teams, with the ambition to elevate the Mahi into national-class programs. Additionally, the teaching pool will attract young families for swim lessons, and offer adult fitness, water aerobics, rehabilitation, and triathlon training sessions. The construction of this aquatic center aims to encourage and foster a love for swimming within the local community.
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Impact
October, 2024
Swim Melbourne Foundation is set to create a transformative impact in Brevard County through the development of a state-of-the-art aquatic center in Palm Shores. This facility will feature a 10-lane competition pool, offering a dedicated training ground for the Swim Melbourne MAHI age group and Masters teams, with ambitions to elevate these programs to a national level.
Additionally, the 3-lane teaching pool will serve as a community hub, providing essential swim lessons for children and engaging programs for adults, including fitness classes, water aerobics, and rehabilitation services. This initiative aims to foster a love for swimming within families, ensuring accessibility and enhancing the overall health and wellness of the community.
With the groundbreaking completed on March 23, and the opening anticipated for summer 2024, coinciding with the Summer Olympics in Paris, the aquatic center is not just a sports facility; it is a unique opportunity for Brevard to nurture swimming talent and promote a culture of fitness and water safety. The foundation's efforts are focused on raising $4.5 million for construction, with ongoing support derived from annual memberships, emphasizing their commitment to sustaining this vital resource for years to come.
This information is meant to be a general summary of Swim Melbourne Foundation. 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.
- Gross Receipts: $192,241
Assets and Liabilities:
- Total Assets: $490,991
- Total Liabilities: $8,770
- Net Assets: $482,221
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Organization Details
Founding Year
2022
Phone
(321) 591-0112Principal Officer
Mike Mirada
Main Address
2369 BROOKSIDE DRIVE, INDIALANTIC, FL, 32903
NTEE Category
Code: N67 - Recreation
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