Overview
What is Fast Break Fund Inc?
Fast Break Fund Inc is a nonprofit organization situated in Halfmoon, New York. Its primary mission is to provide scholarship assistance for summer sports camps, leagues, and college tuition. The fund aims to enrich the lives of underprivileged children and those with special needs in the community. By offering scholarship assistance, the organization enables these children to engage in summer sports activities, gain fundamental and advanced skills, receive academic guidance, and secure help with college applications. This holistic approach fosters essential life skills such as teamwork, discipline, responsibility, and physical fitness.
Official website here: www.fastbreakfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (56%)
Fast Break Fund Inc has received a low rating of 56%, which translates to a One-Star out of Four Star rating, primarily due to significant shortcomings in its governance and financial accountability. The organization scored poorly on key metrics, particularly in areas such as board independence and adherence to conflict of interest policies, which raises concerns about its operational transparency.
Despite these governance issues, Fast Break Fund Inc did perform well in certain financial aspects, such as maintaining a strong liabilities to assets ratio and a high program expense ratio. These indicators suggest that while the organization may be facing challenges with governance, it is effectively managing its financial resources toward its programs.
Overall, the notable deficiencies in board independence and lack of essential policies like whistleblower and conflict of interest policies are significant limitations that potential donors and stakeholders should consider. Addressing these governance issues could improve the organization's accountability and overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Fast Break Fund Inc legitimate?
Fast Break Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fast Break Fund 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
For more financial information, click here
Official website here: www.fastbreakfund.org
What is the mission statement of Fast Break Fund Inc?
Fast Break Fund Inc's mission is centered around enriching the lives of children from underprivileged backgrounds and those with special needs. They achieve this through their scholarship program, which funds summer sports camps, leagues, and in some cases, college tuition. The organization believes that participation in sports is instrumental in teaching children essential life skills such as teamwork, discipline, responsibility, and physical fitness. By providing these opportunities, Fast Break Fund Inc aims to contribute positively to the personal growth and development of these children.
Official website here: www.fastbreakfund.org
Who is the CEO of Fast Break Fund Inc?
Anthony Hynes is the Board Member of Fast Break Fund Inc.
Official website here: www.fastbreakfund.org
What is the revenue of Fast Break Fund Inc?
Fast Break Fund Inc's revenue in 2022 was $7,179.
Official website here: www.fastbreakfund.org
Who are the executives of Fast Break Fund Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.fastbreakfund.org
Where can I find the form 990 for Fast Break Fund Inc?
Fast Break Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fastbreakfund.org
Learn more at the official website: www.fastbreakfund.org
Mission Statement of Fast Break Fund Inc
Fast Break Fund Inc is an organization committed to enriching the lives of children living with special needs and underprivileged children in the community. Their mission is inspired by the belief that exposure and participation in sports can instill valuable life-long skills in children, such as teamwork, discipline, responsibility, and physical fitness. The Fast Break Fund, therefore, provides scholarship assistance for summer sports camps, leagues, and in some cases, college tuition. This financial aid enables these children to engage in these activities, thereby fostering their personal growth and development. The ultimate goal of Fast Break Fund Inc is to empower these children, equipping them with the necessary tools to navigate their lives with confidence and resilience.
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Impact
August, 2024
Fast Break Fund Inc's impact can be seen in the lives of children living with special needs and underprivileged children in Halfmoon, NY. By providing scholarship assistance for summer sports camps, leagues, and college tuition, this organization is enriching the lives of these children. Through participation in sports, these children are gaining valuable life-long skills such as teamwork, discipline, responsibility, and physical fitness. The Fast Break Fund is not only providing financial assistance but also creating opportunities for personal growth and development in an inclusive and supportive environment.
This information is meant to be a general summary of Fast Break Fund 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 2022.
- Investment Income: $891
- Program Service Revenue: $37
- Gross Receipts: $7,179
Assets and Liabilities:
- Total Assets: $142,174
- Total Liabilities: $0
- Net Assets: $142,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$37
Organization Details
Founding Year
1995
Phone
(518) 881-1670Principal Officer
Anthony Hynes
Main Address
6 CORPORATE DRIVE, HALFMOON, NY, 12065
Website
www.fastbreakfund.orgNTEE Category
Code: N62 - Recreation
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