Overview
What is Newark Sport And Event Commissions Inc?
Newark Sport and Event Commissions Inc, with its operational base at 936 Sharon Valley Road, Newark, Ohio, is a dedicated nonprofit organization. Their primary mission involves operating an ice arena, serving as a platform for local youth and citizens to engage in various ice activities and contribute to community events. The organization, known as Lou & Gib Reese Ice Arena, is committed to promoting skating as an affordable family recreation, nurturing participation in ice sports such as hockey, figure skating, and speed skating. They offer opportunities for beginners and advanced skaters to enhance their skills, providing a suitable environment for training and competition. In addition to sporting activities, the nonprofit hosts community events and activities, contributing to economic development by creating jobs, hosting skating competitions and hockey tournaments. They also promote shows and events to boost general tourism, aiming to make the arena economically viable through the sale of ice time, goods, products, and services, as well as leasing dry floor space. The organization's operations are supported by a team of 45 employees, demonstrating its commitment to the community and ice sports enthusiasts in Licking County.
Official website here: www.newarkicearena.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Newark Sport And Event Commissions Inc has received a two-star rating from Charity Navigator, indicating some concerns regarding its overall transparency and governance practices. The organization exhibits strengths in having a fully independent board and a strong program expense ratio, with 81.48% of its expenses directly supporting its programs. The accountability and finance score of 73 highlights some positive aspects but also suggests areas needing improvement.
Despite having a high percentage of independent board members and no reported material diversion of assets, the organization is lacking in specific policies that support accountability, such as a whistleblower policy and document retention policy. Additionally, the absence of tax forms on the nonprofit's website raises questions about transparency and access to financial information for potential donors and stakeholders.
While the organization demonstrates financial responsibility and effective program spending, it is essential for Newark Sport And Event Commissions Inc to address its governance deficiencies to strengthen its overall rating and bolster trust among its supporters. Improving its policies and enhancing transparency could significantly improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Newark Sport And Event Commissions Inc?
86% of 450 reviewers on Facebook recommend Newark Sport And Event Commissions Inc. Here is a summary of their reviews:
The organization has been praised for providing a fantastic skating experience, particularly for families. Many users expressed their enjoyment and highlighted the welcoming atmosphere, making it an ideal spot for recreational activities. The positive experiences shared by visitors suggest that the nonprofit successfully creates enjoyable events and spaces for the community.
Overall, it seems that Newark Sport And Event Commissions Inc. is committed to delivering fun and engaging events, which resonates well with families looking for leisure activities.
This AI summary has been generated from reviews found on Facebook.
Is Newark Sport And Event Commissions Inc legitimate?
Newark Sport And Event Commissions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newark Sport And Event Commissions 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: $73,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,610
For more financial information, click here
Official website here: www.newarkicearena.com
What is the mission statement of Newark Sport And Event Commissions Inc?
Newark Sport and Event Commissions Inc's mission is centered around the operation of an ice arena to offer local youth and citizens the opportunity to engage in various ice activities and serve community purposes. The organization's primary goal is to stimulate interest in skating as an affordable family recreation and foster participation in ice sports such as hockey, figure skating, and speed skating. Newark Sport and Event Commissions Inc also aims to provide a suitable environment for skilled skaters and hockey players to train and compete, while hosting community events and activities that require a clear span space to achieve their objectives. Furthermore, the commission aims to contribute to economic development by providing jobs, hosting competitions and tournaments, promoting shows and events, and ensuring the arena's financial sustainability through various means.
Official website here: www.newarkicearena.com
Who is the CEO of Newark Sport And Event Commissions Inc?
Alan Hoffmann is the Chair of Newark Sport And Event Commissions Inc.
Official website here: www.newarkicearena.com
What is the revenue of Newark Sport And Event Commissions Inc?
Newark Sport And Event Commissions Inc's revenue in 2022 was $783,333.
Official website here: www.newarkicearena.com
Who are the executives of Newark Sport And Event Commissions Inc and what are their salaries?
The average compensation at Newark Sport And Event Commissions Inc during 2022 was $5,163. There are 45 employees and 20 volunteers at Newark Sport And Event Commissions Inc.
Here are 15 key members and their salaries:
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Official website here: www.newarkicearena.com
Where can I find the form 990 for Newark Sport And Event Commissions Inc?
Newark Sport And Event Commissions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newarkicearena.com
Learn more at the official website: www.newarkicearena.com
Mission Statement of Newark Sport And Event Commissions Inc
Newark Sport and Event Commissions Inc, as an organization, is committed to operating an ice arena that provides local youth and citizens with opportunities to participate in various ice activities and contribute to community purposes. Their mission is multifaceted, aiming to develop and encourage interest in skating as an affordable family recreation. They strive to maintain and increase participation in ice sports such as hockey, figure skating, and speed skating at all levels within Licking County.
Beyond this, Newark Sport and Event Commissions Inc seeks to create opportunities for individuals wanting to learn how to skate and for those wishing to pursue skating beyond an introductory level. The organization provides a suitable environment for the training and competition of talented skaters and hockey players. In addition to hosting community events and activities, they contribute to economic development in the area through job creation, hosting skating competitions, hockey tournaments, promoting shows, and events to enhance general tourism. The arena's financial sustainability is ensured through the sale of ice time, goods, products, and services, as well as leasing of dry floor space. To secure the facility's long-term good operation, the organization sets aside escrow funds for capital improvement and equipment replacement.
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Impact
October, 2024
Newark Sport And Event Commissions Inc significantly impacts the local community by operating an ice arena that fosters participation in ice sports such as hockey, figure skating, and speed skating. This initiative encourages local youth and citizens to engage in affordable family recreation while promoting healthy, active lifestyles.
The organization plays a vital role in developing interest in skating, providing opportunities for beginners and advanced skaters alike. By offering a suitable environment for training and competitions, it enhances the skill levels of talented athletes and facilitates their progression in the sports community.
Moreover, Newark Sport And Event Commissions Inc hosts various community events, creating a flexible space for diverse activities that serve different organizational objectives. This not only enriches the local culture but also stimulates the economy through job creation and the attraction of visitors for skating competitions and tournaments.
By promoting events that enhance general tourism and ensuring the facility’s long-term sustainability through strategic financial management, the commission contributes to the economic development of Newark and its surrounding areas. Ultimately, it cultivates a vibrant community hub centered around ice sports, fostering enthusiasm and participation among residents while driving economic growth.
This information is meant to be a general summary of Newark Sport And Event Commissions 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.
- Program Service Revenue: $554,537
- Gross Receipts: $830,917
Assets and Liabilities:
- Total Assets: $1,188,194
- Total Liabilities: $140,525
- Net Assets: $1,047,669
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ICE PROGRAM FEES
Revenue
$355,537
CLINICS & CLASSES
Revenue
$181,365
BIRTHDAY PARTIES & PAR
Revenue
$7,885
PROPERTY MANAGEMENT
Revenue
$6,000
DRY FLOOR
Revenue
$3,750
Organization Details
Founding Year
2005
Phone
(740) 349-6784Principal Officer
Alan Hoffmann
Main Address
936 SHARON VALLEY ROAD, NEWARK, OH, 43055
Website
www.newarkicearena.comNTEE Category
Code: A90 - Arts
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