Overview
What is Lake Oswego Swim Club?
Lake Oswego Swim Club (LOSC) is a renowned, competitive swim program situated in Lake Oswego, Oregon. With a mission to empower young swimmers, LOSC offers an inclusive and adaptable team environment that fosters both personal development and athletic growth. The program caters to swimmers at various stages of their careers, from novice beginners to high school athletes. For novices, LOSC provides a fundamental swimming training program that enables them to safely enjoy the water and prepares them for competitive swimming. In 2022, the club trained an average of 290 swimmers monthly, ranging from 6-year-olds to senior high school athletes. LOSC is led by a dedicated team of 19 individuals and strives to support swimmers throughout their youth swimming journeys, enabling them to reach their highest potential as athletes and individuals.
Official website here: www.lakeoswegoswimclub.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, Overall Score: 69%)
The Lake Oswego Swim Club has received a two-star rating from Charity Navigator, indicating that it needs improvement with an overall score of 69%. The organization shows strong accountability with 87% of its board members being independent, and it maintains a commendable program expense ratio of 97.21%, reflecting a high commitment to its mission through direct program spending.
However, the organization faces significant limitations in its transparency and governance practices. It has not provided financial statements and lacks key policies, such as a conflict of interest policy and a whistleblower policy, which are critical for promoting accountability and trust. Additionally, the absence of the nonprofit's tax form on its website raises concerns about its financial transparency.
Overall, while the Lake Oswego Swim Club demonstrates strong programmatic focus and governance through an independent board, the lack of essential policies and financial documentation highlights areas that require urgent attention to improve its operations and public accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Oswego Swim Club legitimate?
Lake Oswego Swim Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Oswego Swim Club 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: $139,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $288,700
For more financial information, click here
Official website here: www.lakeoswegoswimclub.org
What is the mission statement of Lake Oswego Swim Club?
The Lake Oswego Swim Club, recognized on a national level, serves as a competitive platform for swimmers, enabling them to reach their full potential both personally and athletically. The club fosters physical fitness and character development through individual growth in a supportive, adaptable team environment. By offering a comprehensive swimming program, Lake Oswego Swim Club caters to swimmers at various stages of their youth swimming careers, from beginners learning water safety and competitive swimming basics to high school athletes honing their skills. In 2022, the club averaged 290 swimmers each month, with a diverse age range, ensuring opportunities for novice and experienced swimmers alike.
Official website here: www.lakeoswegoswimclub.org
What is the revenue of Lake Oswego Swim Club?
Lake Oswego Swim Club's revenue in 2023 was $926,317.
Official website here: www.lakeoswegoswimclub.org
Who are the executives of Lake Oswego Swim Club and what are their salaries?
The average compensation at Lake Oswego Swim Club during 2023 was $22,526. There are 19 employees and 225 volunteers at Lake Oswego Swim Club.
Here are 9 key members and their salaries:
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Official website here: www.lakeoswegoswimclub.org
Where can I find the form 990 for Lake Oswego Swim Club?
Lake Oswego Swim Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakeoswegoswimclub.org
Learn more at the official website: www.lakeoswegoswimclub.org
Mission Statement of Lake Oswego Swim Club
Lake Oswego Swim Club (LOSC) serves as a nationally recognized competitive swim program, offering a platform for swimmers to realize their full potential both as individuals and athletes. The club's mission revolves around fostering physical fitness and character development through an inclusive, adaptable team environment that encourages individual growth. LOSC strives to cater to swimmers throughout their youth swimming journey, providing a nurturing ground for novice swimmers who are not yet ready for competitive swimming, as well as adept coaches and resources for more experienced athletes.
In the spirit of inclusivity and adaptability, LOSC offers swimming fundamentals training for beginners, teaching essential water safety skills and preparing them for the competitive swimming sphere. The club has shown a commitment to its swimmers, training an average of 290 individuals each month in 2022, ranging from six-year-old novice swimmers to high school athletes. The age breakdown includes approximately 90 athletes under ten, 100 swimmers between eleven and fourteen, and 100 high school athletes. LOSC's swimmers have represented the club at various meet levels, including state, regional, and national championships, showcasing the club's dedication to supporting its athletes in their pursuit of excellence.
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Impact
July, 2024
Lake Oswego Swim Club's impact is significant, as it provides swimmers with the opportunity to achieve their highest potential both as individuals and athletes. By promoting physical fitness and character building in an inclusive team environment, LOSC helps young swimmers develop essential skills for success in and out of the water. With a focus on personal growth and competitive achievement, LOSC serves a diverse range of swimmers from beginners to high school athletes, training an average of 290 individuals each month. Additionally, LOSC athletes are represented at swim meets of all levels across the country, showcasing the club's commitment to excellence in the sport.
This information is meant to be a general summary of Lake Oswego Swim Club. 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: $1,814
- Program Service Revenue: $254,879
- Gross Receipts: $929,234
Assets and Liabilities:
- Total Assets: $314,287
- Total Liabilities: -$18,443
- Net Assets: $332,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Meet Fees Income
Revenue
$110,161
Swimmer Income
Revenue
$73,596
OSI Meet Hosting
Revenue
$37,473
Apparel and Other
Revenue
$20,187
Program Fees
Revenue
$11,643
Organization Details
Founding Year
1979
Principal Officer
Rick Vail
Website
www.lakeoswegoswimclub.orgNTEE Category
Code: N67 - Recreation
If you are a representative of Lake Oswego Swim Club and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.