Overview
What is Goals Foundation?
Goals Foundation is a nonprofit organization situated in Wilkes-Barre, Pennsylvania, specifically at 40 Coal Street. Their primary mission is to support various youth programs by offering financial contributions and Wilkes-Barre/Scranton Penguins hockey tickets. The foundation collaborates with youth sports organizations and community leaders, offering incentives for community service as a means of fundraising support. Their work aims to positively impact local youth, fostering a sense of community engagement and service.
Official website here: www.wbspenguins.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Goals Foundation has achieved a strong overall score of 90%, which reflects its commitment to accountability and finance, earning it a prestigious Four-Star rating. This rating is derived from a singular beacon score, indicating a focus on financial health rather than multiple performance areas. The organization maintains a fully independent board, which is a positive sign of governance and transparency.
Strengths highlighted in the analysis include the foundation's effective management of program expenses, with 79.36% allocated to programs, showcasing a dedication to its mission. Additionally, the foundation has implemented key policies, such as conflict of interest and whistleblower policies, ensuring ethical practices within its operations. The lack of material diversion of assets further reinforces its financial integrity.
However, there are areas for improvement, particularly in its liabilities to assets ratio, which stands at 58.70%. While this is a relatively moderate figure, it suggests that there may be potential concerns regarding financial leverage that the organization may want to address. Overall, the Goals Foundation demonstrates strong accountability and a solid operational foundation, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Goals Foundation legitimate?
Goals Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goals Foundation 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: $43,911
For more financial information, click here
Official website here: www.wbspenguins.com
What is the mission statement of Goals Foundation?
The Goals Foundation collaborates with youth sports organizations and community leaders to offer fundraising support as an incentive for community service. Their mission is to encourage young individuals to engage in community service activities. They achieve this by donating funds and Wilkes-Barre/Scranton Penguins hockey tickets to youth programs that meet the specified criteria outlined in their mission statement. This approach motivates young people to contribute to their communities, thereby fostering a sense of civic responsibility.
Official website here: www.wbspenguins.com
What is the revenue of Goals Foundation?
Goals Foundation's revenue in 2024 was $252,341.
Official website here: www.wbspenguins.com
Who are the executives of Goals Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.wbspenguins.com
Where can I find the form 990 for Goals Foundation?
Goals Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wbspenguins.com
Learn more at the official website: www.wbspenguins.com
Mission Statement of Goals Foundation
The Goals Foundation collaborates with youth sports organizations and community leaders to offer funding as a motivator for community service involvement. This mission-driven organization provides financial support and Wilkes-Barre/Scranton Penguins hockey tickets to various youth programs that meet the criteria outlined in their mission statement. By doing so, they incentivize young individuals to engage in community service activities, thereby fostering a sense of responsibility and engagement within their communities.
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Impact
October, 2024
The Goals Foundation significantly impacts the community by partnering with youth sports organizations and local leaders to enhance community service efforts. By providing fundraising support, the foundation creates incentives for young athletes to engage in service projects, fostering a sense of responsibility and pride in their community.
Additionally, the foundation donates money and tickets to Wilkes-Barre/Scranton Penguins hockey games to youth programs that fulfill specific community service criteria. This not only rewards participation but also encourages more programs to take an active role in service. Overall, the Goals Foundation cultivates a culture of giving back that strengthens both youth sports and the local community in Wilkes-Barre, PA.
This information is meant to be a general summary of Goals Foundation. 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 2024.
- Program Service Revenue: $106,624
- Gross Receipts: $368,503
Assets and Liabilities:
- Total Assets: $28,687
- Total Liabilities: $24,733
- Net Assets: $3,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEK HOCKEY PROGRAMMING
Revenue
$46,088
MISCELLANEOUS
Revenue
$40,536
CORPORATE SPONSORSHIPS
Revenue
$20,000
Organization Details
Founding Year
2001
Principal Officer
Greg Petorak
Website
www.wbspenguins.comNTEE Category
Code: N99 - Recreation
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