Azevedo Aquatics Foundation
Nonprofit profile at a glance
- EIN
- 824281692
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-N 2024
- Location
- Long Beach, CA, USA
- Phone
- 5622418810
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $200,158
- Expenses
- $181,287
- Assets
- $40,951
- Liabilities
- $3,150
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- TONY AZEVEDO (PRESIDENT)
- SARA AZEVEDO (CO-PRESIDENT)
People named in this filing
- TONY AZEVEDO (PRESIDENT)
- SARA AZEVEDO (CO-PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's mission is to grow and develop the sport of water polo and elevate its global profile through inclusive, collaborative, and educational initiatives. We aim to expand access to high-quality resources, training, and development opportunities for athletes, coaches, officials, and organizations across all age groups, skill levels, and nationalities. By bringing together leading experts and stakeholders from around the world, we foster a positive and unified approach to advancing the sport. Through these efforts, we seek to promote participation, strengthen competitive excellence, and position water polo as a widely recognized and accessible global sport.
What it reported doing in 2025
The 908 water polo club, provides high-level training and competitive gameplay opportunities for youth athletes ages 6 through 14, focusing on skill development, teamwork, and long-term growth in the sport. A key accomplishment of the program is its commitment to accessibility, offering numerous scholarships to ensure that all athletes can participate regardless of financial circumstances, thereby expanding opportunities and supporting the continued development of water polo at the youth level.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 41
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.3%; rating input score 89
- Program expense ratio: 98.6%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 9.4%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 89.3% of revenue deployed · 98.6% of spending went to programs
- Governance: 2 of 2 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $179K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- Review — Sustainability: Operating margin scored 56/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.