Overview
What is Bo-Dyn Bobsled Project Inc?
Bo-Dyn Bobsled Project Inc is a nonprofit organization dedicated to championing American design, technology, engineering, and manufacturing. They achieve this goal by constructing top-tier bobsleds for international competition, serving as a platform for public education and boosting awareness of bobsledding on a national and international scale. By offering state-of-the-art "Made in America" bobsleds to the USA Bobsled Team and its athletes, Bo-Dyn aims to provide a promotional platform for the sport, primarily in the United States but also globally.
Official website here: www.bodynbobsled.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
The Bo-Dyn Bobsled Project Inc has achieved a solid rating of 83%, reflecting its strong accountability and finance practices. This rating is based entirely on their Accountability & Finance score, which indicates that the organization is well-managed in terms of its financial practices, demonstrating a commitment to transparency and responsible management of resources.
One of the key strengths highlighted in the review is the organization's governance structure, with a fully independent board composed of 4 members. Additionally, the organization has shown no material diversion of assets and maintains a high program expense ratio of approximately 95.69%, indicating that a significant portion of its funding directly supports its mission-related activities.
However, there are some areas for improvement. The organization is noted to be missing a whistleblower policy and a document retention and destruction policy, which could enhance their governance framework. Addressing these gaps could further strengthen their accountability and foster greater confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Bo-Dyn Bobsled Project Inc legitimate?
Bo-Dyn Bobsled Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bo-Dyn Bobsled Project Inc submitted a form 990EZ, 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.
Official website here: www.bodynbobsled.com
What is the mission statement of Bo-Dyn Bobsled Project Inc?
Bo-Dyn Bobsled Project Inc's mission is centered around supporting and promoting American design, technology, engineering, and manufacturing in the field of bobsledding. The organization aims to construct bobsleds for international competition, serving as a platform for both national and international public education about the sport. Additionally, Bo-Dyn Bobsled Project Inc strives to provide the USA Bobsled Team with top-tier, American-made bobsleds. The organization also seeks to increase awareness of bobsledding and offers an educational and promotional platform for the sport on a national and international scale.
Official website here: www.bodynbobsled.com
Who is the CEO of Bo-Dyn Bobsled Project Inc?
John Vester is the President of Bo-Dyn Bobsled Project Inc.
Official website here: www.bodynbobsled.com
What is the revenue of Bo-Dyn Bobsled Project Inc?
Bo-Dyn Bobsled Project Inc's revenue in 2021 was $56.
Official website here: www.bodynbobsled.com
Who are the executives of Bo-Dyn Bobsled Project Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.bodynbobsled.com
Where can I find the form 990EZ for Bo-Dyn Bobsled Project Inc?
Bo-Dyn Bobsled Project Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.
Official website here: www.bodynbobsled.com
Learn more at the official website: www.bodynbobsled.com
Mission Statement of Bo-Dyn Bobsled Project Inc
Bo-Dyn Bobsled Project Inc is dedicated to fostering the design, technology, engineering, and manufacturing of products in the United States. They achieve this mission by constructing bobsleds for international competition. Beyond this, the organization serves as a platform for public education, aiming to increase awareness of bobsledding on both a national and international scale. Additionally, Bo-Dyn Bobsled Project Inc provides the USA Bobsled Teams and their athletes with top-tier, American-made bobsleds. Through the design and maintenance of world-class sleds, the project offers an educational and promotional platform for the sport, primarily within the United States, but extending its reach internationally.
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Impact
October, 2024
Bo-Dyn Bobsled Project Inc plays a significant role in the advancement of bobsledding in the United States by focusing on the design, engineering, and manufacturing of high-quality bobsleds. By creating state-of-the-art sleds made in the USA, the organization not only supports the USA Bobsled Teams and its athletes but also showcases American ingenuity and craftsmanship on the international stage.
The project enhances the competitive edge of U.S. bobsledders by providing them with world-class equipment, essential for success in international competitions. Its commitment to using American-made products fosters local manufacturing and strengthens the domestic economy while advocating for technological excellence and innovation.
In addition to its focus on bobsleds, Bo-Dyn serves as an educational platform, increasing public awareness of the sport both nationally and internationally. By organizing events and promoting the sport, it encourages participation and interest in bobsledding, which helps to cultivate the next generation of athletes and fans. This dual approach—enhancing the sport through technology while engaging the public—further solidifies its impact on American bobsledding and promotes a positive image of the sport.
This information is meant to be a general summary of Bo-Dyn Bobsled Project 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 2021.
- Program Service Revenue: $56
- Gross Receipts: $56
Assets and Liabilities:
- Total Assets: $19,560
- Total Liabilities: $0
- Net Assets: $19,560
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Organization Details
Phone
(518) 523-3593Principal Officer
John Vester
Main Address
PO Box 4337, Waterbury, CT, 06704
Website
www.bodynbobsled.comNTEE Category
Code: N70 - Recreation
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