Overview
What is Swim With Mike Foundation?
The Swim With Mike Foundation, located in Pasadena, California, is a nonprofit organization dedicated to supporting physically challenged athletes in their pursuit of higher education. With a small team of three dedicated individuals, this organization provides vital financial resources to enable these athletes to pursue advanced education at universities across the nation. By offering scholarships, Swim With Mike Foundation empowers physically challenged athletes to overcome obstacles and pave their way towards successful careers, thereby fostering a culture of resilience and achievement.
Official website here: www.swimwithmike.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
The Swim With Mike Foundation has earned an impressive score of 88%, reflecting strong performance in the Accountability & Finance category. This rating indicates that the organization is effectively managing its resources and has a solid financial foundation, highlighted by a low liabilities-to-assets ratio of 0.10%. Additionally, it maintains a high program expense ratio of 93.67%, demonstrating a commitment to allocating funds directly towards its mission.
Strengths of the organization include an entirely independent board and thorough financial statements, which have been audited with no material diversions of assets reported. The foundation has also shown accountability by listing its website on tax forms and maintaining proper documentation of board meeting minutes. However, it lacks a conflict of interest policy and document retention and destruction policies, which are noted limitations within its governance framework.
Overall, while the Swim With Mike Foundation exhibits strong financial practices and governance in many areas, addressing the missing policies could further enhance its organizational transparency and accountability. This foundation’s commitment to supporting its mission through effective resource management is commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Swim With Mike Foundation legitimate?
Swim With Mike Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swim With Mike 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:
Executive Compensation: $74,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.swimwithmike.org
What is the mission statement of Swim With Mike Foundation?
The Swim With Mike Foundation's mission is centered around providing financial aid for the advanced education of physically challenged athletes. By doing so, they aim to pave the way for these individuals, enabling them to pursue higher education and reach their full potential. The foundation supports scholarship recipients at universities nationwide, fostering an environment that encourages overcoming challenges and achieving academic success.
Official website here: www.swimwithmike.org
What is the revenue of Swim With Mike Foundation?
Swim With Mike Foundation's revenue in 2023 was $1,527,952.
Official website here: www.swimwithmike.org
Who are the executives of Swim With Mike Foundation and what are their salaries?
The average compensation at Swim With Mike Foundation during 2023 was $24,904. There are 3 employees and 4 volunteers at Swim With Mike Foundation.
Here are 11 key members and their salaries:
- Compensation: $74,713
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Official website here: www.swimwithmike.org
Where can I find the form 990 for Swim With Mike Foundation?
Swim With Mike Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.swimwithmike.org
Learn more at the official website: www.swimwithmike.org
Mission Statement of Swim With Mike Foundation
The Swim With Mike Foundation is committed to providing financial aid for the advanced education of physically challenged athletes. Its mission is to pave the way for these athletes by offering them the necessary resources to further their education. By doing so, the foundation enables these individuals to overcome their physical challenges and achieve their academic goals, setting them up for successful careers. The Swim With Mike Foundation supports its scholarship recipients at universities nationwide, playing a vital role in their personal and professional growth.
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Impact
July, 2024
Swim With Mike Foundation provides financial resources for advanced education that pave the way for physically challenged athletes. Through its scholarships, the foundation supports recipients at universities nationwide, helping them pursue their academic and athletic goals. This impactful initiative opens doors for individuals facing physical challenges, enabling them to further their education and achieve their potential.
This information is meant to be a general summary of Swim With Mike 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 2023.
- Investment Income: $192,720
- Gross Receipts: $1,570,496
Assets and Liabilities:
- Total Assets: $9,245,892
- Total Liabilities: $9,958
- Net Assets: $9,235,934
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Organization Details
Founding Year
2020
Principal Officer
Neil Macready
Website
www.swimwithmike.orgNTEE Category
Code: B82 - Education
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