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Velocity Swimming

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 910931169 ✦ Wenatchee, WA ✦ Designated as a 501(c)(3)

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Overview

What is Velocity Swimming?

Velocity Swimming is a nonprofit organization that focuses on youth swimming competitions, following the regulations of USA Swimming. They organize and host three swim meets annually, training 78 to 110 swimmers for these events. Beyond their in-house activities, team members also participate in out-of-town competitions organized by other swim clubs. The organization's mission is to foster a competitive swimming environment for young individuals, thereby promoting their growth and development in the sport.


Official website here: www.velocity-swimming.com

Is Velocity Swimming legitimate?

Velocity Swimming is a legitimate nonprofit organization registered as a 501(c)(3) entity. Velocity Swimming 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: $88,332

For more financial information, click here


Official website here: www.velocity-swimming.com

What is the mission statement of Velocity Swimming?

Velocity Swimming, an organization dedicated to youth swimming, primarily focuses on hosting competitions through USA Swimming. They train a substantial number of swimmers, ranging from 78 to 110, to prepare for these events. Furthermore, team members often participate in swim meets organized by other swim clubs beyond their local area. The organization's primary activity revolves around promoting and facilitating youth swimming competitions within the USA Swimming framework.


Official website here: www.velocity-swimming.com

Who is the CEO of Velocity Swimming?

Rachel Madson is the President of Velocity Swimming.


Official website here: www.velocity-swimming.com

What is the revenue of Velocity Swimming?

Velocity Swimming's revenue in 2022 was $223,768.


Official website here: www.velocity-swimming.com

Who are the executives of Velocity Swimming and what are their salaries?

The average compensation at Velocity Swimming during 2022 was $5,889. There are 15 employees and 38 volunteers at Velocity Swimming.


Here are 12 key members and their salaries:


Lisa Monahan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mel Calloway (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claudia Roy Ribellia (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Schumaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Bauman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirsten Escure (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Duncan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Sprauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Hernke (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Gentili (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Madson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Wilgus (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.velocity-swimming.com

Where can I find the form 990 for Velocity Swimming?

Velocity Swimming's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.velocity-swimming.com

Learn more at the official website: www.velocity-swimming.com

Mission Statement of Velocity Swimming

Velocity Swimming, as a youth-focused organization, is dedicated to facilitating swimming competitions within the framework of USA Swimming. Their mission is to prepare and train a significant number of swimmers, ranging from 78 to 110, for these competitions. Moreover, team members actively participate in swim meets hosted by other swim clubs beyond their local events. This commitment to youth swimming competitions through USA Swimming underscores Velocity Swimming's dedication to nurturing young talent and fostering a competitive spirit in the sport.

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Impact




October, 2024

Velocity Swimming significantly impacts the youth sports landscape in Wenatchee, WA, by fostering a competitive swimming environment. Through the organization of three swim meets, they have successfully trained between 78 to 110 swimmers, enhancing their skills and confidence in the sport. Participating in local and out-of-town competitions, team members experience the thrill of competition, build camaraderie, and develop a strong work ethic. This focus on youth swimming not only promotes physical fitness and discipline but also encourages lifelong skills such as teamwork and resilience. By engaging young athletes in USA Swimming events, Velocity Swimming cultivates a vibrant swimming community that benefits both participants and the broader community.




This information is meant to be a general summary of Velocity Swimming. 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.

Revenue
$223,768 (2022)
Expenses
$215,083 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $64
  • Program Service Revenue: $214,910
  • Gross Receipts: $223,768

Assets and Liabilities:

  • Total Assets: $229,224
  • Total Liabilities: $6,482
  • Net Assets: $222,742

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LATE FEES

Revenue

$1,450

MEMBERSHIP DUES

Revenue

$114,074

SERVICE HOURS/MISSED MEET

Revenue

$2,204

SPONSORSHIPS

Revenue

$11,578

SWIM MEETS AND EVENTS

Revenue

$85,281

Organization Details

Founding Year

1975

Principal Officer

Rachel Madson

Main Address

PO BOX 2791, WENATCHEE, WA, 98807

NTEE Category

Code: N67 - Recreation

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