Overview
What is Palo Alto Swim Club?
The Palo Alto Swim Club is a nonprofit organization situated in California, specifically in Palo Alto. Its primary focus is on swimming, catering to individuals at various levels, from beginners to those who have qualified for national meets. The club offers competitive training and serves as a friendly environment for swimmers to enjoy their sport. The Palo Alto Swim Club supports the growth and development of young people through amateur aquatics, under the guidance of USA Swimming, the national body for swimming in the United States. The club incurs expenses for various activities, such as awards, travel, insurance, and coaches' rewards, as well as organizing parties, picnics, and providing swim caps and T-shirts. With a team of 17 employees, the club is dedicated to fostering a love for swimming and providing a supportive community for its members.
Official website here: www.paloaltoswimclub.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%)
The Palo Alto Swim Club has received a two-star rating from Charity Navigator, indicating a need for improvement in various aspects of its accountability and financial transparency. While the club maintains a strong program expense ratio of 99.38%, suggesting that the majority of its funds are directed towards programming, there are significant concerns regarding the lack of financial statements and missing policies, such as those for conflict of interest and whistleblowing.
Strengths of the organization include a fully independent board, with 83% of its members meeting this criterion, and a solid liabilities to assets ratio of 0.00%, highlighting a healthy financial position in terms of debt. However, the absence of key governance documents, including a conflict of interest policy and proper financial disclosures, raises red flags about its operational transparency.
Overall, while the Palo Alto Swim Club demonstrates effective program funding and a committed board, it must address its governance shortcomings and enhance transparency to improve its accountability rating. Implementing necessary policies and making financial statements accessible will be critical for building trust with stakeholders and improving its Charity Navigator assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Palo Alto Swim Club legitimate?
Palo Alto Swim Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palo Alto 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: $133,594
Professional Fundraising Fees: $0
Other Salaries and Wages: $417,805
For more financial information, click here
Official website here: www.paloaltoswimclub.org
What is the mission statement of Palo Alto Swim Club?
The Palo Alto Swim Club, catering to swimmers at various levels, including beginners and those qualified for national meets, is primarily focused on providing competitive training. Sharing a common enthusiasm for swimming, members find the club a welcoming environment to pursue their passion. The club's mission, under the guidance of USA Swimming, the national body for swimming in the United States, involves nurturing young people in amateur aquatics. The swimmer's age range extends from five years old to the mid-twenties. The club incurs expenses related to awards, meet entries, group travel, insurance, relay fees, and swimmer support, among others, to enhance the swimming experience, offering parties, incentives, picnics, swim caps, and T-shirts as well.
Official website here: www.paloaltoswimclub.org
Who is the CEO of Palo Alto Swim Club?
Ava Thompson is the Director of Palo Alto Swim Club.
Official website here: www.paloaltoswimclub.org
What is the revenue of Palo Alto Swim Club?
Palo Alto Swim Club's revenue in 2022 was $1,406,840.
Official website here: www.paloaltoswimclub.org
Who are the executives of Palo Alto Swim Club and what are their salaries?
The average compensation at Palo Alto Swim Club during 2022 was $32,435. There are 17 employees and 425 volunteers at Palo Alto Swim Club.
Here are 6 key members and their salaries:
- Compensation: $133,594
- Related: $0
- Other: $28,487
- Compensation: $0
- 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
Official website here: www.paloaltoswimclub.org
Where can I find the form 990 for Palo Alto Swim Club?
Palo Alto Swim Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paloaltoswimclub.org
Learn more at the official website: www.paloaltoswimclub.org
Mission Statement of Palo Alto Swim Club
The Palo Alto Swim Club is dedicated to catering to swimmers at various skill levels, from beginners to those who have qualified for national meets. Sharing a common passion for swimming, these individuals find the club an inviting environment to pursue their aquatic pursuits. The club's mission is to foster the growth and development of young people by incorporating them into amateur aquatics under the guidance of USA Swimming, the national governing body for swimming in the United States. The swimmer's age range spans from 5 years old to their mid-twenties.
In line with its mission, the Palo Alto Swim Club offers ongoing swim programs that involve several expenses, such as awards, in-out expenses for group meets, travel expenses, relay fees, swimmer support, coach rewards, parties, incentives, picnics, swim caps, and t-shirts. The club's commitment extends beyond just training, as it also organizes events, incentives, and reward systems to engage and motivate its swimmers. These initiatives help create a supportive and enjoyable atmosphere within the club, allowing swimmers to grow both as athletes and as individuals.
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Impact
July, 2024
The Palo Alto Swim Club caters to swimmers at various levels who seek competitive training, from beginners to those who have qualified to compete at national meets. The club provides a friendly and supportive environment for individuals who enjoy swimming, offering ongoing swim programs and covering expenses such as awards, meet entries, travel, registration, insurance, and more. By involving young people in amateur aquatics under the direction of USA Swimming, the Palo Alto Swim Club contributes to the development of young athletes aged 5 to mid-twenties. The impact of the Palo Alto Swim Club extends beyond competitive swimming, providing opportunities for recreation and personal growth among its members.
This information is meant to be a general summary of Palo Alto 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 2022.
- Investment Income: $116
- Program Service Revenue: $245,499
- Gross Receipts: $1,406,840
Assets and Liabilities:
- Total Assets: $516,866
- Total Liabilities: $0
- Net Assets: $516,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IN AND OUT INCOME
Revenue
$175,042
SWIM MEETS
Revenue
$70,457
Organization Details
Founding Year
1955
Phone
(530) 514-0634Principal Officer
Ava Thompson
Main Address
PO BOX 50340, PALO ALTO, CA, 94303
Website
www.paloaltoswimclub.orgNTEE Category
Code: N67Z - Recreation
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