Overview
What is Falmouth Running Club Corporation?
The Falmouth Running Club Corporation, situated at 661 Main Street UN C, Falmouth, MA 02540, is a nonprofit organization dedicated to fostering both youth and adult participation in running and walking activities, promoting health, competition, recreation, and enjoyment. Beyond this, the corporation extends its reach to the local community in Falmouth, Massachusetts, by offering scholarships to deserving high school graduates and making charitable donations to various organizations within the area. With a modest workforce of two individuals, the Falmouth Running Club Corporation serves as a vital contributor to the well-being of its community, encouraging physical fitness and supporting the educational and social development of its youth.
Official website here: www.falmouthtrackclub.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Falmouth Running Club Corporation receives a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. This score is based primarily on its commitment to responsible financial management, with a notable program expense ratio of 89.57%, signifying that the majority of its resources are dedicated to its charitable mission.
Strengths of the organization include a fully independent board with 100% independent members, as well as no material diversion of assets, showcasing a commitment to ethical governance. Additionally, the club maintains transparency by listing its website on its tax forms and documenting board meeting minutes, further enhancing its accountability to stakeholders.
However, the charity has areas for improvement, particularly in governance policies, as it lacks a conflict of interest policy and a whistleblower policy, both of which are critical for safeguarding the organization’s integrity. Addressing these gaps would strengthen the organization's overall ratings and bolster stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Falmouth Running Club Corporation legitimate?
Falmouth Running Club Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Falmouth Running Club Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,884
For more financial information, click here
Official website here: www.falmouthtrackclub.org
What is the mission statement of Falmouth Running Club Corporation?
The Falmouth Running Club Corporation's mission is centered around encouraging both young and adult individuals to engage in running and walking, whether for competition, recreation, fitness, or pleasure. In addition to this, the organization offers scholarships to deserving graduating high school students and makes donations to local charitable organizations within its community. The primary goal of the Falmouth Running Club Corporation is to promote an active lifestyle while contributing to the betterment of its local community.
Official website here: www.falmouthtrackclub.org
What is the revenue of Falmouth Running Club Corporation?
Falmouth Running Club Corporation's revenue in 2023 was $147,092.
Official website here: www.falmouthtrackclub.org
Who are the executives of Falmouth Running Club Corporation and what are their salaries?
The average compensation at Falmouth Running Club Corporation during 2023 was $26,884. There is 1 employee and 25 volunteers at Falmouth Running Club Corporation.
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Official website here: www.falmouthtrackclub.org
Where can I find the form 990 for Falmouth Running Club Corporation?
Falmouth Running Club Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.falmouthtrackclub.org
Learn more at the official website: www.falmouthtrackclub.org
Mission Statement of Falmouth Running Club Corporation
The Falmouth Running Club Corporation is dedicated to inspiring both youth and adults to engage in running and walking, whether for competition, leisure, fitness, or enjoyment. Beyond this, the organization extends its support to graduating high school students by offering scholarships. Furthermore, the Falmouth Running Club Corporation is committed to giving back to the community by making donations to local charitable organizations within its area of operation.
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Impact
August, 2024
The Falmouth Running Club Corporation's impact can be seen through its encouragement of youth and adults to engage in running and walking for competition, recreation, fitness, and pleasure. Additionally, the club provides scholarships to selected graduating high school students and makes donations to local charitable organizations in the Falmouth, Massachusetts area. This not only promotes physical activity and community involvement but also supports educational pursuits and helps strengthen the local community through charitable giving.
This information is meant to be a general summary of Falmouth Running Club Corporation. 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: $2,875
- Program Service Revenue: $1,563
- Gross Receipts: $420,120
Assets and Liabilities:
- Total Assets: $157,463
- Total Liabilities: $0
- Net Assets: $157,463
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUMMER YOUTH PROGRAM
Revenue
$1,563
Organization Details
Founding Year
1977
Principal Officer
Jack Afarian
Website
www.falmouthtrackclub.orgNTEE Category
Code: N202 - Recreation
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