Overview
What is The Penguin Club Inc?
The Penguin Club Inc, located in Youngstown, Ohio, is a nonprofit organization primarily committed to supporting the athletic programs and promoting Youngstown State University. They accomplish this by sponsoring various events, scholarships, publications, recognition dinners, and awards. Furthermore, they provide assistance to coaches and the athletic director, as well as engage in miscellaneous activities related to sports and the athletic department. The Penguin Club Inc is an independent, autonomous entity with a mission to promote and support Youngstown State University's athletic department, distributing resources predominantly for the Student Athlete Scholarship Fund, with a total staff of three individuals.
Official website here: www.ysusports.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Penguin Club Inc has received an 81% score, indicating a solid level of accountability and finance management, which contributes to its Three-Star rating. This score is derived solely from the Accountability & Finance beacon, emphasizing the organization's commitment to transparency and responsible financial practices.
The organization showcases significant strengths, such as having 95% of its board members being independent, which reflects a strong governance structure. Additionally, it maintains a low liabilities-to-assets ratio of 11.23% and a high program expense ratio of 80.54%, suggesting that most of its resources are directed towards its charitable programs rather than administrative costs.
While the charity's performance in accountability and finance is commendable, there's no detailed information on program outcomes or community impact in this summary. Nonetheless, the established policies related to conflict of interest, whistleblower protections, and document retention further enhance its credibility and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Penguin Club Inc legitimate?
The Penguin Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Penguin Club 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: $48,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ysusports.com
What is the mission statement of The Penguin Club Inc?
The Penguin Club Inc, as a non-profit organization, primarily focuses on supporting the Youngstown State University Student Athlete Scholarship Fund. Its purpose is to advocate and aid the Youngstown State University Athletic Department. The club utilizes its resources to enhance athletic programs and promote the university through various activities. These activities include sponsoring events, providing scholarships, publishing materials, hosting recognition dinners and award ceremonies, offering assistance to coaches and the athletic director, and engaging in various miscellaneous activities related to sports and the athletic department.
Official website here: www.ysusports.com
Who is the CEO of The Penguin Club Inc?
Jim Culcasi is the Trustee of The Penguin Club Inc.
Official website here: www.ysusports.com
What is the revenue of The Penguin Club Inc?
The Penguin Club Inc's revenue in 2023 was $1,035,985.
Official website here: www.ysusports.com
Who are the executives of The Penguin Club Inc and what are their salaries?
The average compensation at The Penguin Club Inc during 2023 was $16,000. There are 3 employees and 44 volunteers at The Penguin Club Inc.
Here are 46 key members and their salaries:
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Official website here: www.ysusports.com
Where can I find the form 990 for The Penguin Club Inc?
The Penguin Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ysusports.com
Learn more at the official website: www.ysusports.com
Mission Statement of The Penguin Club Inc
The Penguin Club Inc, a self-governing, non-profit organization, is primarily dedicated to managing and allocating resources to support the scholarship fund for student-athletes at Youngstown State University. The primary objective of this organization, known as The Penguin Club Inc., is to advocate for and boost the Youngstown State University Athletic Department. The funds raised by The Penguin Club Inc. are utilized to bolster athletic programs, sponsor events, award scholarships, finance publications, organize recognition dinners, and provide assistance to coaches and the athletic director, among other activities related to sports and the athletic department.
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Impact
October, 2024
The Penguin Club Inc. has a significant impact on the Youngstown State University athletic community and beyond. By focusing on the Youngstown State University Student Athlete Scholarship Fund, the organization ensures that talented student-athletes receive the financial support necessary to pursue their academic and athletic goals.
Through its efforts, The Penguin Club not only funds scholarships but also supports various athletic programs, enhancing the overall experience for athletes. This includes sponsoring events that foster school spirit and community involvement, organizing recognition dinners and awards that celebrate athlete achievements, and providing assistance to coaching staff and athletic directors.
The club's commitment to promoting and supporting the athletic department plays a crucial role in building a vibrant sports culture at Youngstown State University, while also contributing to the local community by encouraging engagement and pride in university athletics.
This information is meant to be a general summary of The Penguin Club 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.
- Investment Income: $104,078
- Program Service Revenue: $235,685
- Gross Receipts: $2,072,428
Assets and Liabilities:
- Total Assets: $3,460,734
- Total Liabilities: $388,770
- Net Assets: $3,071,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PORTION OF MEMBERSHIP DUES WHICH
Revenue
$235,685
Organization Details
Founding Year
1973
Phone
(330) 941-3720Principal Officer
Jim Culcasi
Main Address
ONE UNIVERSITY PLACE, YOUNGSTOWN, OH, 44555
Website
www.ysusports.comNTEE Category
Code: S80 - Community improvement
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