Overview
What is The Massachusetts Amateur Sports Foundation Inc?
The Massachusetts Amateur Sports Foundation Inc, primarily identified through its Bay State Games initiative, is a nonprofit organization based in Woburn, Massachusetts. Their primary objective is to foster both physical and mental well-being. The Bay State Games, their flagship event, serves as a platform for this mission, promoting overall health and enjoyment through sports competition. The foundation's work extends beyond this event, as their purpose remains centered around the promotion of health and wellness for the community.
Official website here: www.baystategames.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
The Massachusetts Amateur Sports Foundation Inc has achieved a commendable rating of 88%, reflecting a strong performance primarily in Accountability and Finance. This rating is based on a comprehensive set of criteria, where the foundation excelled in areas such as independent board membership, financial oversight, and asset management. Notably, the organization has an independent board comprising 17 members, which enhances its governance structure.
Strengths of the foundation include a high program expense ratio of 86.58%, indicating that a significant portion of its resources is directed towards its mission-related activities. The charity also adheres to best practices in financial transparency, having its financial statements audited and maintaining a conflict of interest policy. However, it lacks a whistleblower policy, which could be a potential area for improvement in accountability practices.
While the overall financial health appears strong, with a low liabilities to assets ratio of 3.98%, the absence of certain governance policies highlights a need for ongoing development in organizational policies. Despite this, the foundation demonstrates a solid commitment to accountability and effective fund allocation, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Massachusetts Amateur Sports Foundation Inc legitimate?
The Massachusetts Amateur Sports Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Massachusetts Amateur Sports Foundation 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: $125,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,971
For more financial information, click here
Official website here: www.baystategames.org
What is the mission statement of The Massachusetts Amateur Sports Foundation Inc?
The Massachusetts Amateur Sports Foundation Inc, through its initiative Bay State Games, has a mission to foster both physical and mental well-being. This is achieved by organizing a sports competition in Woburn, MA, with the primary objective of promoting health in a comprehensive manner. The foundation aims to encourage individuals to engage in physical activities, thereby enhancing their physical health, and also to provide an environment that supports mental health and well-being. The Bay State Games serve as a platform to promote these objectives, providing an opportunity for individuals to participate in various sports and activities, thereby improving their overall health and well-being.
Official website here: www.baystategames.org
What is the revenue of The Massachusetts Amateur Sports Foundation Inc?
The Massachusetts Amateur Sports Foundation Inc's revenue in 2023 was $608,659.
Official website here: www.baystategames.org
Who are the executives of The Massachusetts Amateur Sports Foundation Inc and what are their salaries?
The average compensation at The Massachusetts Amateur Sports Foundation Inc during 2023 was $79,657. There are 3 employees and 200 volunteers at The Massachusetts Amateur Sports Foundation Inc.
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- Compensation: $125,000
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Official website here: www.baystategames.org
Where can I find the form 990 for The Massachusetts Amateur Sports Foundation Inc?
The Massachusetts Amateur Sports Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.baystategames.org
Learn more at the official website: www.baystategames.org
Mission Statement of The Massachusetts Amateur Sports Foundation Inc
The Massachusetts Amateur Sports Foundation Inc, primarily known for its Bay State Games, is dedicated to fostering both physical and mental well-being. Through the organization's flagship event, the Bay State Games in Woburn, MA, it aims to promote health in a comprehensive manner. This sports competition serves as a platform to encourage individuals to engage in physical activities, thereby cultivating a healthier lifestyle. Beyond the physical aspect, the Bay State Games also strives to enhance mental health by providing a positive and supportive environment, fostering teamwork and camaraderie.
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Impact
July, 2024
The Massachusetts Amateur Sports Foundation Inc, through its Bay State Games initiative, has a significant impact on promoting physical and mental health in the community. By organizing sports competitions and events in Woburn, MA, the foundation provides opportunities for individuals to engage in physical activity, develop skills, and foster a sense of community. Through its focus on promoting health and wellness, the foundation plays a vital role in encouraging a healthy lifestyle and overall well-being among participants.
This information is meant to be a general summary of The Massachusetts Amateur Sports Foundation 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 2023.
- Investment Income: $619
- Program Service Revenue: $404,679
- Gross Receipts: $608,659
Assets and Liabilities:
- Total Assets: $327,930
- Total Liabilities: $13,077
- Net Assets: $314,853
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ATHLETIC ENTRY FEES
Revenue
$339,432
TICKETS AND SOUVENIRS
Revenue
$50,849
REGISTRATION PROCESSIN
Revenue
$14,398
Organization Details
Founding Year
1982
Principal Officer
Kevin Cummings
Website
www.baystategames.orgNTEE Category
Code: N60 - Recreation
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