Overview
What is Issaquah Swim Team Association?
The Issaquah Swim Team Association, situated in Issaquah, Washington, is a dedicated nonprofit organization. Its primary mission is to facilitate a year-round competitive swimming program, catering to the training needs of over 300 young individuals, ranging from 6 to 20 years old. Based at 84 Front Street S, this association is committed to fostering swimming skills and promoting a competitive spirit among its members. The nonprofit employs a team of 20 individuals to ensure the smooth operation and successful development of its swimmers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
The Issaquah Swim Team Association has received a low rating of 52%, indicating significant concerns in its accountability and financial practices. With a majority of its governance structures lacking independent oversight, it scored poorly in areas such as independent board members and financial statement availability. Although the organization demonstrates a strong program expense ratio of 97.60%, showcasing a commitment to its mission, the overall governance issues raise questions about its operational integrity.
The organization scored well in certain financial metrics, with a low liabilities to assets ratio at 9.48%, suggesting stability in terms of financial obligations. However, critical governance policies, including conflict of interest and whistleblower policies, received failing marks. The absence of these policies and the lack of transparency in financial reporting could pose risks to the organization's accountability and trustworthiness.
In summary, while the Issaquah Swim Team Association is dedicated to its programming, the significant weaknesses in governance and financial transparency highlighted by the Charity Navigator rating underscore the need for improvement to enhance stakeholder confidence and ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Issaquah Swim Team Association legitimate?
Issaquah Swim Team Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Issaquah Swim Team Association 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: $94,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $481,319
For more financial information, click here
What is the mission statement of Issaquah Swim Team Association?
The Issaquah Swim Team Association's mission revolves around operating a year-round competitive swim team. This organization caters to approximately 300 members, ranging from ages 6 to 20. Their primary aim is to provide comprehensive training for these young swimmers, fostering their swimming skills and team spirit. The association has successfully trained over 288 individuals, demonstrating its commitment to nurturing young swimmers.
Who is the CEO of Issaquah Swim Team Association?
Mark Magnotti is the President of Issaquah Swim Team Association.
What is the revenue of Issaquah Swim Team Association?
Issaquah Swim Team Association's revenue in 2023 was $1,387,014.
Who are the executives of Issaquah Swim Team Association and what are their salaries?
The average compensation at Issaquah Swim Team Association during 2023 was $28,805. There are 20 employees at Issaquah Swim Team Association.
Here are 5 key members and their salaries:
- Compensation: $94,789
- 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
Where can I find the form 990 for Issaquah Swim Team Association?
Issaquah Swim Team Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Issaquah Swim Team Association
The Issaquah Swim Team Association is committed to operating a year-round competitive swim team, catering to approximately 300 members ranging from the age of six to twenty. Its primary mission is to provide comprehensive training and swimming opportunities for this age group, fostering their growth and development in the sport. Over the years, the association has successfully trained over 288 young individuals, equipping them with essential swimming skills and a passion for the sport.
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Impact
July, 2024
Issaquah Swim Team Association's impact is evident in the development and training of over 288 young individuals aged 6 to 20 in competitive swimming. By providing a year-round program for approximately 300 members, the association plays a crucial role in fostering athletes' skills, discipline, and competitive spirit. The team's dedication to excellence in training not only benefits the individuals directly involved but also contributes to the overall promotion of recreation and healthy lifestyle choices within the community of Issaquah, WA.
This information is meant to be a general summary of Issaquah Swim Team Association. 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: $21,274
- Program Service Revenue: $1,312,836
- Gross Receipts: $1,387,014
Assets and Liabilities:
- Total Assets: $1,243,480
- Total Liabilities: $117,891
- Net Assets: $1,125,589
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING INCOME
Revenue
$838,483
SWIM A THON & HOSTED
Revenue
$287,882
LATEOVERDUE VOL HRS
Revenue
$44,658
REGISTRATIONS
Revenue
$73,580
PROF FEES PROC INC
Revenue
$34,979
Organization Details
Founding Year
1994
Principal Officer
Mark Magnotti
Main Address
84 FRONT ST S, ISSAQUAH, WA, 98027
NTEE Category
Code: N67 - Recreation
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