Madison Community Pool Corporation

The Madison Community Pool Corporation is a U.S. nonprofit organization designated for charitable purposes, although its specific National Taxonomy of Exempt Entities (NTEE) category is listed as unknown or unclassified. Donations to this organization are tax-deductible.

Purpose and Activities

The Madison Community Pool provides a quality seasonal recreational swimming facility for members of the community. It offers activities such as regular swimming hours, swimming lessons, and operates a snack bar. Additionally, it supports community engagement through initiatives like the Barracudas swim team, fostering local sports participation.

Financial Overview

In recent years, the organization has primarily derived its revenue from program services. For example, in 2018, program services accounted for approximately 99.1% of total revenue, with contributions making up a minimal percentage. Total assets have been reported in the millions, significantly outweighing liabilities. Key employees and officers have not received compensation, reflecting a volunteer-driven governance structure.

Governance and Leadership

The organization is led by a board of trustees, with no compensation reported for those in leadership positions. This structure indicates a focus on community service rather than personal remuneration.

Community Impact

By serving as a recreational facility, the Madison Community Pool plays a significant role in promoting community health, social interaction, and youth development through sports participation. Its seasonal operations support a lively community environment during the warmer months.