Overview
What is Annapolis Swim Club Corporation?
Annapolis Swim Club Corporation (ASC) is a membership-based nonprofit organization situated in Annapolis, Maryland. Their primary mission is to nurture and train competitive youth swimmers, attending and hosting swim meets and competitions within a league of similar clubs. ASC is committed to fostering excellence in character, sportsmanship, and achievement among its swimmers, believing that this is most effectively achieved in a secure and supportive environment where coaches and parents serve as role models for these qualities. With a team of 17 dedicated individuals, the club strives to improve the swimming skills of its members while instilling essential values.
Official website here: www.swimasc.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%
The Annapolis Swim Club Corporation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 54% reflects weaknesses in governance, particularly the absence of independent board members and missing key policies related to conflicts of interest and whistleblowers. The organization does not disclose financial statements, which raises further questions about transparency.
Despite these governance issues, the swim club shows a strong commitment to its programs, as evidenced by a program expense ratio of 97.58%. This suggests that the majority of its resources are directed towards fulfilling its mission. The organization also has a favorable liabilities to assets ratio, indicating it is managing its obligations effectively.
However, the lack of independent oversight and missing essential policies suggests a need for improvement in governance practices. Enhancing transparency and accountability could help the Annapolis Swim Club Corporation gain trust and support from the community and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Annapolis Swim Club Corporation legitimate?
Annapolis Swim Club Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Annapolis Swim Club Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $159,493
For more financial information, click here
Official website here: www.swimasc.net
What is the mission statement of Annapolis Swim Club Corporation?
The Annapolis Swim Club Corporation encourages its swimmers to strive for excellence in character, sportsmanship, and achievement. They believe this can be achieved best in a safe and supportive environment, where coaches and parents serve as role models for these qualities. The main activity of the club is coaching its member swimmers to enhance their skills in competitive swimming, attending and hosting swim meets or competitions in a sports league with other competitive swim clubs. The club's mission is centered around fostering a positive environment where swimmers can grow both as athletes and individuals.
Official website here: www.swimasc.net
Who is the CEO of Annapolis Swim Club Corporation?
John Murphy is the Head Coach/D of Annapolis Swim Club Corporation.
Official website here: www.swimasc.net
What is the revenue of Annapolis Swim Club Corporation?
Annapolis Swim Club Corporation's revenue in 2022 was $594,884.
Official website here: www.swimasc.net
Who are the executives of Annapolis Swim Club Corporation and what are their salaries?
The average compensation at Annapolis Swim Club Corporation during 2022 was $9,382. There are 17 employees and 6 volunteers at Annapolis Swim Club Corporation.
Here are 6 key members and their salaries:
- Compensation: $70,000
- 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
Official website here: www.swimasc.net
Where can I find the form 990 for Annapolis Swim Club Corporation?
Annapolis Swim Club Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swimasc.net
Learn more at the official website: www.swimasc.net
Mission Statement of Annapolis Swim Club Corporation
Annapolis Swim Club Corporation, often referred to as ASC, is committed to inspiring its swimmers to strive for excellence in character, sportsmanship, and achievement. They believe that this is best achieved in a safe and supportive environment, where coaches and parents serve as role models for these virtues. The club's mission is to foster growth and improvement in the skill of competitive swimming among its members, through coaching and participation in swim meets or competitions within a sports league alongside other competitive swim clubs.
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Impact
July, 2024
The Annapolis Swim Club Corporation, known as Annapolis Swim Club (ASC), plays a significant role in youth development by challenging its swimmers to pursue excellence in character, sportsmanship, and achievement. The organization provides a safe and supportive environment where coaches and parents model these characteristics, fostering a positive atmosphere for young athletes to grow and thrive. ASC's main activity involves coaching member swimmers for competitive youth swimming and participating in swim meets with other clubs in the sports league. Through its dedication to coaching and guiding young swimmers, ASC makes a lasting impact on the lives of its participants, helping them develop important skills both in and out of the pool.
This information is meant to be a general summary of Annapolis Swim Club Corporation. 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: $594,884
- Gross Receipts: $594,884
Assets and Liabilities:
- Total Assets: $234,091
- Total Liabilities: $0
- Net Assets: $234,091
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION DUES
Revenue
$355,882
MEET REVENUE
Revenue
$225,500
BANQUET TICKET SALES
Revenue
$6,373
CONCESSIONS
Revenue
$4,129
OTHER INCOME
Revenue
$3,000
Organization Details
Founding Year
2019
Phone
(443) 805-4554Principal Officer
John Murphy
Main Address
712 CHILDS POINT DR, ANNAPOLIS, MD, 21401
Website
www.swimasc.netNTEE Category
Code: O50 - Youth development
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