Overview
What is Loveland Swim Club Inc?
Loveland Swim Club Inc, located in Loveland, Colorado, is a nonprofit organization primarily focused on youth competitive swimming training. Their mission is to provide a platform for young swimmers to enhance their skills and talents in the sport. The club offers comprehensive training programs that cater to various levels of swimming ability, aiming to foster growth and development in the competitive swimming arena.
Official website here: www.lovelandswimclub.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Loveland Swim Club Inc has received a One-Star rating from Charity Navigator, indicating significant room for improvement in its accountability and financial practices. Although the organization scores well on governance aspects like having a fully independent board, there are serious concerns regarding its liabilities to assets ratio, which is exceptionally high at 2003.84%. This raises questions about the organization's financial sustainability.
The club demonstrates strong commitment to program delivery, indicated by a program expense ratio of 98.15%, meaning nearly all expenses are directed towards its mission-related activities. However, the absence of essential policies such as a conflict of interest policy, whistleblower policy, and document retention policy, coupled with the lack of transparency in posting tax forms on its website, reflects a need for improved governance practices.
In summary, while Loveland Swim Club Inc effectively prioritizes its programming and governance by maintaining an independent board, the glaring financial ratios and missing policy documentation highlight critical areas that require immediate attention. Enhancing these aspects could strengthen the organization's overall accountability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Loveland Swim Club Inc legitimate?
Loveland Swim Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loveland Swim Club 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: $87,851
Professional Fundraising Fees: $0
Other Salaries and Wages: $321,760
For more financial information, click here
Official website here: www.lovelandswimclub.com
What is the mission statement of Loveland Swim Club Inc?
The Loveland Swim Club's mission revolves around competitive swimming training for youth. This organization is committed to providing a platform for young swimmers to hone their skills and competitiveness in the sport. The club's primary focus is on nurturing and developing the swimming abilities of its members, fostering a competitive spirit and a love for the sport. By doing so, the Loveland Swim Club contributes to the overall development and growth of young swimmers, preparing them for potential future competitions and achievements.
Official website here: www.lovelandswimclub.com
Who is the CEO of Loveland Swim Club Inc?
Trent Richardson is the Ceo of Loveland Swim Club Inc. The CEO's salary of Loveland Swim Club Inc is $0 and their total compensation is $0.
Official website here: www.lovelandswimclub.com
What is the revenue of Loveland Swim Club Inc?
Loveland Swim Club Inc's revenue in 2022 was $796,023.
Official website here: www.lovelandswimclub.com
Who are the executives of Loveland Swim Club Inc and what are their salaries?
The average compensation at Loveland Swim Club Inc during 2022 was $8,905. There are 46 employees at Loveland Swim Club Inc.
Here are 6 key members and their salaries (Loveland Swim Club Inc's CEO's salary is $0 and their total compensation is $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.lovelandswimclub.com
Where can I find the form 990 for Loveland Swim Club Inc?
Loveland Swim Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lovelandswimclub.com
Learn more at the official website: www.lovelandswimclub.com
Mission Statement of Loveland Swim Club Inc
Loveland Swim Club Inc, a renowned swimming organization, is dedicated to providing competitive swimming training for young individuals. Their mission is geared towards fostering the development of young swimmers, offering them a platform to hone their skills and compete at a competitive level. By focusing on youth competitive swimming, Loveland Swim Club Inc aims to nurture the talents of aspiring swimmers, providing them with the necessary training and support to excel in their chosen sport.
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Impact
July, 2024
Loveland Swim Club Inc provides valuable opportunities for youth in Loveland, CO to receive competitive swimming training. Through its programs, the club helps young swimmers enhance their skills, build discipline, improve physical fitness, and foster a love for the sport of swimming. This impact extends beyond just athletic development, as participation in competitive swimming can also teach important life skills such as teamwork, dedication, and time management. Overall, Loveland Swim Club Inc contributes to the growth and development of youth in the community through its focus on competitive swimming training.
This information is meant to be a general summary of Loveland Swim Club 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.
- Program Service Revenue: $796,023
- Gross Receipts: $796,023
Assets and Liabilities:
- Total Assets: $76,767
- Total Liabilities: $177,148
- Net Assets: -$100,381
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$328,803
SPORTS DAY CAMP
Revenue
$111,017
SWIM MEETS
Revenue
$356,203
Organization Details
Founding Year
1966
Principal Officer
Trent Richardson
Main Address
PO BOX 2470, LOVELAND, CO, 80539
Website
www.lovelandswimclub.comNTEE Category
Code: N67 - Recreation
If you are a representative of Loveland Swim Club Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.