Overview
What is Pioneer Valley Riverfront Club Inc?
Pioneer Valley Riverfront Club Inc, located in Springfield, Massachusetts, operates as a nonprofit organization with a focus on promoting river-based sports as a means of achieving physical fitness. They offer rowing lessons for both amateurs and youths, and their mission extends beyond just sports. They aim to develop river access, provide education, and train amateur athletes. With a dedicated workforce of 18 individuals, this club is committed to fostering a healthy and active community around the rivers of Springfield.
Official website here: www.pvriverfront.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Stars
Pioneer Valley Riverfront Club Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 74% in Accountability & Finance. This rating is based entirely on the charity's financial practices, indicating that while the organization performs well in certain areas, there are significant shortcomings in governance policies that have impacted its overall rating.
The organization demonstrates solid financial health with a low liabilities to assets ratio of 5.50% and a program expense ratio of 68.04%, signifying a commitment to allocating funds toward its mission. Additionally, the board is composed of a majority of independent members, showcasing a commitment to governance and oversight. However, the absence of key governance policies such as a conflict of interest policy and a whistleblower policy raises concerns about transparency and accountability.
Overall, while Pioneer Valley Riverfront Club Inc shows strength in financial management and independent oversight, the missing governance policies suggest areas for improvement. Enhancing these policies could potentially elevate the organization's rating and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Pioneer Valley Riverfront Club Inc legitimate?
Pioneer Valley Riverfront Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pioneer Valley Riverfront 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: $66,185
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,835
For more financial information, click here
Official website here: www.pvriverfront.org
What is the mission statement of Pioneer Valley Riverfront Club Inc?
The Pioneer Valley Riverfront Club Inc is dedicated to promoting river-based sports as a means of achieving physical fitness. Their mission encompasses training amateur athletes, developing river access, and providing educational opportunities. The primary objective is to utilize the river as a platform for fitness and sporting activities. The club also offers rowing lessons for both amateurs and young individuals.
Official website here: www.pvriverfront.org
What is the revenue of Pioneer Valley Riverfront Club Inc?
Pioneer Valley Riverfront Club Inc's revenue in 2023 was $263,281.
Official website here: www.pvriverfront.org
Who are the executives of Pioneer Valley Riverfront Club Inc and what are their salaries?
The average compensation at Pioneer Valley Riverfront Club Inc during 2023 was $8,101. There are 20 employees at Pioneer Valley Riverfront Club Inc.
Here are 9 key members and their salaries:
- Compensation: $66,185
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.pvriverfront.org
Where can I find the form 990 for Pioneer Valley Riverfront Club Inc?
Pioneer Valley Riverfront Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pvriverfront.org
Learn more at the official website: www.pvriverfront.org
Mission Statement of Pioneer Valley Riverfront Club Inc
Pioneer Valley Riverfront Club Inc is committed to promoting river-based sports as a means to attain physical fitness and develop amateur athletes. This mission-driven organization goes beyond just promoting sports; it also focuses on developing river access and providing education. By offering rowing lessons for both amateurs and youth, Pioneer Valley Riverfront Club Inc is contributing to the fitness and skill development of its community members. The club's primary goal is to make river sports accessible and enjoyable for all, while fostering a sense of physical well-being and camaraderie.
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Impact
October, 2024
Pioneer Valley Riverfront Club Inc significantly enhances community well-being through its commitment to river-based sports, particularly rowing. By providing lessons for amateurs and youth, it fosters physical fitness and instills a sense of discipline and teamwork among participants. The club actively trains amateur athletes, offering them opportunities to develop their skills and potentially pursue competitive rowing.
Additionally, the organization plays a vital role in improving access to the river, ensuring that more community members can engage in recreational activities. Its focus on education further empowers individuals by teaching them not only the mechanics of the sport but also the importance of environmental stewardship and safety on the water. Overall, Pioneer Valley Riverfront Club Inc enriches the Springfield community by promoting a healthy lifestyle and encouraging outdoor participation in a beautiful natural setting.
This information is meant to be a general summary of Pioneer Valley Riverfront 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: $1,684
- Program Service Revenue: $188,030
- Gross Receipts: $263,281
Assets and Liabilities:
- Total Assets: $253,198
- Total Liabilities: $13,949
- Net Assets: $239,249
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Revenue
Revenue
$136,240
Hosted Events
Revenue
$50,877
Kayak Rental
Revenue
$913
Organization Details
Founding Year
2007
Principal Officer
Charles Hines
Website
www.pvriverfront.orgNTEE Category
Code: N67 - Recreation
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