THE OBJECTIVE AND PURPOSE OF THE CORPORATION IS TO PROMOTE SWIM EDUCATION AND AMATEUR COMPETITIVE SWIMMING IN THE KANSAS CITY AREA, AND IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. THE CORPORATION IS NOT ORGANIZED AND SHALL NOT BE OPERATED FOR PECUNIARY GAIN OR PROFIT, AND SHALL HAVE NO CAPITAL STOCK OR STOCKHOLDERS.