Overview
What is United States Luge Federation Foundation Inc?
United States Luge Federation Foundation Inc is a nonprofit organization situated in Lake Placid, New York, specifically at 57 Church Street. Its primary purpose is to support the United States Luge Association, a 501(c) nonprofit organization. The Foundation's role involves managing and receiving funds for the benefit of the Luge Association. This support aims to enhance the operations of the United States Luge Association, a non-profit entity already recognized for its charitable and tax-exempt status under Section 501(C)(3) of the United States Internal Revenue Code. The Foundation's activities contribute to the overall growth and development of the luge sport in the United States.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
The United States Luge Federation Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting significant concerns in accountability and financial practices. The organization scored 33% overall, indicating a lack of transparency and adherence to best practices in various key areas. The rating is primarily based on accountability and finance, which accounted for 100% of the overall score.
Among the strengths, the foundation boasts a fully independent board, with 100% of members being independent, and there are no reported material diversions of assets. Additionally, the board has maintained documentation of meeting minutes, which is a positive indicator of governance. However, several critical policies, such as conflict of interest and whistleblower protections, are missing, which raises concerns about the organization’s internal controls and ethical practices.
Financially, the organization faces challenges, with a liabilities-to-assets ratio of 98.50%, suggesting it may have difficulty meeting its obligations. Furthermore, it reported zero program expenses, which implies a lack of investment in its core mission activities. The absence of key financial documents on the nonprofit's website further detracts from its accountability profile. Overall, significant improvements are needed in governance and financial transparency for the foundation to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is United States Luge Federation Foundation Inc legitimate?
United States Luge Federation Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United States Luge Federation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of United States Luge Federation Foundation Inc?
The United States Luge Federation Foundation Inc's primary mission is to support the United States Luge Association (USLA). This support involves raising, receiving, and managing funds exclusively for the benefit of the USLA, a New York State-based non-profit organization, already recognized as a tax-exempt charity under Section 501(C)(3) of the Internal Revenue Code of the United States. The Foundation's purpose is to contribute to the advancement and development of the USLA.
Who is the CEO of United States Luge Federation Foundation Inc?
Ray Wierzbicki is the Trustee (Non-Voting) of United States Luge Federation Foundation Inc.
What is the revenue of United States Luge Federation Foundation Inc?
United States Luge Federation Foundation Inc's revenue in 2023 was $56,233.
Who are the executives of United States Luge Federation Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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- Related: $144,355
- Other: $17,131
Where can I find the form 990 for United States Luge Federation Foundation Inc?
United States Luge Federation Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of United States Luge Federation Foundation Inc
The United States Luge Federation Foundation Inc is established with a mission to support the United States Luge Association (USLA). This non-profit organization's primary objective is to manage funds for the benefit of the USLA, a New York State-based non-profit corporation that is already recognized as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code of the United States. The Foundation's role is to raise, receive, and manage funds to aid the USLA in its operations. This support is vital in ensuring the continued success and growth of the United States Luge Association.
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Impact
August, 2024
The United States Luge Federation Foundation Inc plays a crucial role in supporting the US Luge Association by raising and managing funds for its benefit. By providing financial support, the foundation helps the United States Luge Association fulfill its mission of fostering the development of luge athletes and promoting the sport of luge in the United States. Through its efforts, the foundation contributes to the growth and success of luge as a recreational and competitive activity, ultimately enhancing the overall experience for luge enthusiasts across the country.
This information is meant to be a general summary of United States Luge Federation 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.
- Gross Receipts: $56,233
Assets and Liabilities:
- Total Assets: $1,646,003
- Total Liabilities: $1,621,329
- Net Assets: $24,674
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Organization Details
Founding Year
1985
Phone
(518) 523-2071Principal Officer
Ray Wierzbicki
Main Address
57 CHURCH STREET, LAKE PLACID, NY, 12946
NTEE Category
Code: N70Z - Recreation
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