Overview
What is Wellesley Youth Hockey Association Inc?
The Wellesley Youth Hockey Association Inc, located in Wellesley, Massachusetts, is a nonprofit organization dedicated to fostering a youth hockey program for individuals under the age of 20. Their primary objective includes developing, promoting, and governing this program, ensuring a nurturing environment for its participants. The association's activities extend beyond just organizing games; they play a crucial role in promoting the sport and setting guidelines for its operation in their community.
Official website here: www.wellesleyyouthhockey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Wellesley Youth Hockey Association Inc has received a One-Star rating from Charity Navigator, which indicates concerns regarding its accountability and financial practices. The organization scored a low 54% overall, primarily due to the absence of financial statements, which significantly impacted its score in this area. While the charity does maintain a majority independent board, other critical governance policies such as conflict of interest and whistleblower policies are missing.
Despite these governance shortcomings, Wellesley Youth Hockey Association demonstrates a strong commitment to using its resources effectively, as indicated by a program expense ratio of 91.19%. This suggests that a significant portion of its expenditures is allocated towards its programs rather than administrative costs. However, the high liabilities to assets ratio of 138.58% raises red flags regarding its financial stability and sustainability.
Overall, while Wellesley Youth Hockey Association has some strengths in program execution, its lack of transparency and governance policies is a concern for potential donors and stakeholders. Addressing these issues could enhance its accountability and improve its standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Wellesley Youth Hockey Association Inc legitimate?
Wellesley Youth Hockey Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellesley Youth Hockey Association 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: $36,372
For more financial information, click here
Official website here: www.wellesleyyouthhockey.org
What is the mission statement of Wellesley Youth Hockey Association Inc?
The Wellesley Youth Hockey Association's mission is to foster and encourage the growth of a youth hockey program for individuals under the age of 20. They are committed to developing, promoting, and overseeing this program, ensuring it serves as an engaging and enriching experience for all participating youth. The association's goal is to nurture a love for the sport, enhance skills, and provide a supportive environment that encourages teamwork and sportsmanship.
Official website here: www.wellesleyyouthhockey.org
Who is the CEO of Wellesley Youth Hockey Association Inc?
Scott Duddy is the President of Wellesley Youth Hockey Association Inc.
Official website here: www.wellesleyyouthhockey.org
What is the revenue of Wellesley Youth Hockey Association Inc?
Wellesley Youth Hockey Association Inc's revenue in 2022 was $889,852.
Official website here: www.wellesleyyouthhockey.org
Who are the executives of Wellesley Youth Hockey Association Inc and what are their salaries?
The average compensation at Wellesley Youth Hockey Association Inc during 2022 was $18,186. There are 2 employees at Wellesley Youth Hockey Association Inc.
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Official website here: www.wellesleyyouthhockey.org
Where can I find the form 990 for Wellesley Youth Hockey Association Inc?
Wellesley Youth Hockey Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wellesleyyouthhockey.org
Learn more at the official website: www.wellesleyyouthhockey.org
Mission Statement of Wellesley Youth Hockey Association Inc
The Wellesley Youth Hockey Association, in its mission, works tirelessly to foster, promote, and oversee a comprehensive youth hockey program. This organization is dedicated to catering to individuals who are under the age of 20. By assuming this role, the Wellesley Youth Hockey Association seeks to provide a platform where these young individuals can hone their hockey skills, gain exposure, and enjoy the sport in a structured and supportive environment.
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Impact
October, 2024
Wellesley Youth Hockey Association Inc plays a significant role in fostering youth engagement through sports in the Wellesley community. By developing, promoting, and governing a hockey program for individuals under 20 years of age, the organization helps young athletes enhance their skills and develop teamwork and discipline.
The hockey program not only provides recreational opportunities but also promotes important values such as sportsmanship and perseverance. Through its structured activities, young participants gain physical fitness, build self-esteem, and create lasting friendships. The association serves as a cornerstone for community involvement, encouraging families to engage and support local sports initiatives, which strengthens community bonds.
Overall, Wellesley Youth Hockey Association Inc has a positive impact on the youth of Wellesley by encouraging a healthy, active lifestyle and providing a platform for personal and athletic development.
This information is meant to be a general summary of Wellesley Youth Hockey Association 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: $203
- Program Service Revenue: $886,565
- Gross Receipts: $889,852
Assets and Liabilities:
- Total Assets: $131,722
- Total Liabilities: $149,420
- Net Assets: -$17,698
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOCKEY REVENUE
Revenue
$886,565
Organization Details
Founding Year
1996
Phone
(617) 722-4727Principal Officer
Scott Duddy
Main Address
PO BOX 812182, WELLESLEY, MA, 02482
Website
www.wellesleyyouthhockey.orgNTEE Category
Code: N68 - Recreation
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