Overview
What is Wave Aquatics?
Wave Aquatics is a community-focused nonprofit organization based in Kirkland, Washington. Their primary function is to operate a public swimming pool, offering various recreational, health, educational, and competitive activities. These activities include aerial exercises, swim classes, and instruction for individuals, as well as providing facilities for competitive team workouts and meets. Beyond public swimming, Wave Aquatics also manages aquatic facilities with the goal of improving community health, fitness, safety, and overall quality of life. Their mission is centered around promoting and teaching water activities for health and recreation, providing opportunities for competitive swimming skill development at all levels. With a team of 147 dedicated employees, Wave Aquatics serves its community by offering a diverse range of aquatic programs.
Official website here: www.waveaquatics.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Wave Aquatics has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 69%. This rating indicates that the organization has significant strengths, particularly in its governance structure, demonstrated by having 100% independent board members and a solid liabilities to assets ratio. The program expense ratio is also commendable at 91.53%, suggesting that a large portion of their expenditures is directed toward their programs.
However, the organization faces notable challenges in accountability and transparency. The lack of a conflict of interest policy, whistleblower policy, and a document retention policy raises concerns about governance practices. Additionally, the absence of financial statements on their website may hinder potential donors' ability to assess the organization's financial health.
While Wave Aquatics shows promise in its programmatic effectiveness and board independence, improvements in their transparency and accountability measures are essential for building trust with stakeholders and enhancing their overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Wave Aquatics legitimate?
Wave Aquatics is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wave Aquatics 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: $110,368
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,445,601
For more financial information, click here
Official website here: www.waveaquatics.org
What is the mission statement of Wave Aquatics?
Wave Aquatics promotes and encourages water activities for the purpose of enhancing health and recreation. Their mission is to offer opportunities for individuals to develop competitive swimming skills at various levels. The organization manages public aquatics programs and facilities, providing a public swimming pool that caters to the local community. This pool serves multiple purposes, including recreation, health education, training, and competitive activities. Additionally, Wave Aquatics makes the pool available for additional uses such as aerobics, swim classes, instruction for individuals, and workouts for competitive teams.
Official website here: www.waveaquatics.org
Who is the CEO of Wave Aquatics?
Kfir Ami-Ad is the President of Wave Aquatics.
Official website here: www.waveaquatics.org
What is the revenue of Wave Aquatics?
Wave Aquatics's revenue in 2022 was $3,003,058.
Official website here: www.waveaquatics.org
Who are the executives of Wave Aquatics and what are their salaries?
The average compensation at Wave Aquatics during 2022 was $10,585. There are 147 employees and 220 volunteers at Wave Aquatics.
Here are 5 key members and their salaries:
- Compensation: $103,133
- Related: $0
- Other: $7,234
- 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.waveaquatics.org
Where can I find the form 990 for Wave Aquatics?
Wave Aquatics's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waveaquatics.org
Learn more at the official website: www.waveaquatics.org
Mission Statement of Wave Aquatics
Wave Aquatics, a nonprofit organization, is dedicated to promoting and teaching water activities for the purposes of health and recreation. Its mission is to offer a variety of public aquatics programs and facilities management services, aiming to enhance the community's health, fitness, safety, recreation, and overall quality of life. Beyond providing a public swimming pool for local use, Wave Aquatics also offers a range of activities such as aerial workouts, swim classes, and instruction for individuals, as well as competitive team workouts and meets. The organization's goal is to provide the opportunity for individuals to develop competitive swimming skills at various levels, contributing to their personal growth and well-being.
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Impact
July, 2024
Wave Aquatics impact is significant as it provides a range of public aquatics programs and facilities management services aimed at enhancing health, fitness, safety, recreation, and overall quality of life for the community. By operating a public swimming pool and offering various programs such as swim classes, aerobics, competitive team workouts, and meets, Wave Aquatics promotes and teaches water activities for health and recreation. Additionally, the organization provides opportunities for individuals to develop competitive swimming skills at all levels, contributing to the overall well-being and fitness of the community.
This information is meant to be a general summary of Wave Aquatics. 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.
- Investment Income: $86
- Program Service Revenue: $2,938,215
- Gross Receipts: $3,003,058
Assets and Liabilities:
- Total Assets: $728,556
- Total Liabilities: $117,797
- Net Assets: $610,759
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
POOL OPERATIONS
Revenue
$1,610,247
PRACTICE FEES AND REGIST
Revenue
$1,162,749
SWIM MEETS
Revenue
$165,219
Organization Details
Founding Year
1991
Phone
(206) 550-2833Principal Officer
Kfir Ami-Ad
Main Address
PO BOX 2953, KIRKLAND, WA, 98083
Website
www.waveaquatics.orgNTEE Category
Code: N67 - Recreation
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