Overview
What is Union Arena Inc?
Union Arena Inc, situated in Woodstock, Vermont, is a community-focused nonprofit organization. Its primary mission is to provide a secure and supervised space for various activities throughout the year. This includes six months of ice sports during winter and six weeks in summer, catering to both adults and children. Apart from athletics, the arena offers indoor sports such as field hockey, soccer, baseball, and lacrosse during spring and fall, which often get moved indoors due to inclement weather in the region. Union Arena also hosts a range of cultural events, including theater festivals, graduation ceremonies, art and craft shows, concerts, antique shows, and agricultural shows. Moreover, it serves as a base for local not-for-profit organizations to host community events and fundraising activities. Union Arena's mission is to offer affordable and accessible healthy activities for families in the region, ensuring that everyone has the opportunity to engage in a plethora of activities under one roof.
Official website here: www.unionarena.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Union Arena Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. While the organization has a strong majority of independent board members and a solid liabilities to assets ratio, it has significant shortcomings in its financial reporting and governance policies.
The organization demonstrates a high program expense ratio of 86.97%, suggesting that a large portion of its expenses is directed toward its programs. However, issues arise with the financial statements, which received a score of 0 out of 15 points, indicating a lack of transparency in its financial reporting. Additionally, the absence of a conflict of interest policy, whistleblower policy, and document retention protocols raise further concerns about governance practices.
Overall, while Union Arena Inc shows potential through its programmatic focus and independent board composition, the deficiencies in financial accountability and governance policies could hinder its effectiveness and trustworthiness. Stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Union Arena Inc legitimate?
Union Arena Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Arena Inc 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: $80,588
Professional Fundraising Fees: $0
Other Salaries and Wages: $102,397
For more financial information, click here
Official website here: www.unionarena.org
What is the mission statement of Union Arena Inc?
Union Arena Inc's mission, as a community cultural and athletic facility, is centered around providing affordable and accessible healthy activities for families in the region. In alignment with this, Union Arena's mission statement is to offer a safe and supervised environment for people of all ages, throughout the year. This is achieved through a variety of athletic activities, such as ice hockey, figure skating, and indoor sports, as well as cultural events like theater festivals and art shows. The facility also serves as a base for local not-for-profit organizations to host community events and fundraising activities.
Official website here: www.unionarena.org
What is the revenue of Union Arena Inc?
Union Arena Inc's revenue in 2024 was $596,325.
Official website here: www.unionarena.org
Who are the executives of Union Arena Inc and what are their salaries?
The average compensation at Union Arena Inc during 2024 was $9,631. There are 19 employees and 5 volunteers at Union Arena Inc.
Here are 4 key members and their salaries:
- Compensation: $102,397
- 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.unionarena.org
Where can I find the form 990 for Union Arena Inc?
Union Arena Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.unionarena.org
Learn more at the official website: www.unionarena.org
Mission Statement of Union Arena Inc
Union Arena Inc, a multi-purpose facility, is committed to providing affordable and accessible healthy activities for families residing in the region. Its mission is centered around promoting a healthy lifestyle for all, irrespective of age, by offering a variety of athletic and cultural activities. The organization serves as a community gathering place, hosting winter ice activities for both adults and youth, as well as summer ice for figure skating and public skating. Additionally, Union Arena provides opportunities for spring and fall sports such as field hockey, soccer, baseball, and lacrosse, often accommodating these activities indoors due to inclement weather in Vermont.
Beyond athletic pursuits, Union Arena also fosters cultural growth through events like theater festivals, graduation ceremonies, art and craft shows, concerts, antique shows, and agricultural shows. This versatile nonprofit also allows other local not-for-profit organizations to utilize the facility for community events and fundraising activities. Union Arena Inc, through its offerings, strives to create a welcoming and inclusive environment for families to engage in healthy activities and form a strong sense of community.
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Impact
July, 2024
Union Arena Inc's impact lies in providing a much-needed hub for the community in Woodstock, VT, offering a wide range of recreational and cultural activities for all ages. It serves as a focal point for athletic pursuits such as hockey, figure skating, and various indoor sports, ensuring that individuals have opportunities for physical activity throughout the year. Additionally, the arena hosts cultural events like theater festivals, art shows, and concerts, contributing to the enrichment of the local arts scene. By prioritizing affordability and accessibility, Union Arena Inc plays a vital role in promoting healthy living and community engagement in the region.
This information is meant to be a general summary of Union Arena Inc. 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 2024.
- Program Service Revenue: $446,038
- Gross Receipts: $603,169
Assets and Liabilities:
- Total Assets: $880,002
- Total Liabilities: $234,429
- Net Assets: $645,573
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program receipts
Revenue
$86,759
Ice rental Revenue
Revenue
$288,994
Tournaments
Revenue
$25,297
Dry floor rentals
Revenue
$1,975
Advertising/Sponsorships
Revenue
$43,013
Organization Details
Founding Year
1998
Principal Officer
Gunther Sihler
Website
www.unionarena.orgNTEE Category
Code: N31 - Recreation
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