Overview
What is Thunder Community Foundation?
Thunder Community Foundation is a charitable organization based in Oklahoma City, Oklahoma. Their primary focus is on community outreach and promoting health and fitness. They achieve this through various initiatives, such as their "Community Tickets" program. This program allows NBA Oklahoma City Thunder players to donate ticket blocks, along with food vouchers, to underprivileged community groups within Oklahoma City. This initiative allows children and adults who may not otherwise have the resources to attend Thunder home games to enjoy the experience. The foundation also funds community basketball court refurbishment projects across Oklahoma, provides periodic donations to local disaster relief efforts, and supports various causes of Thunder players. Overall, Thunder Community Foundation's mission is to contribute positively to its community by promoting health, fitness, and opportunities for underprivileged individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
The Thunder Community Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With a score of 56%, the foundation struggles particularly in the areas of board independence and financial disclosure, scoring zero points on several key metrics such as the majority of independent board members and the availability of financial statements on its website.
Despite these shortcomings, the organization does show strengths in specific areas, including a perfect score for material diversion of assets and a strong liabilities to assets ratio. Additionally, it has established policies for conflict of interest, demonstrating some level of governance. However, the lack of transparency in financial reporting and board composition raises concerns about its operational integrity.
Overall, while the Thunder Community Foundation has some positive aspects, the low accountability score and significant gaps in its governance and financial reporting practices suggest that potential donors and stakeholders should proceed with caution. The foundation's efforts to improve its practices could enhance its rating and community trust over time.
This AI summary has been generated from information found on Charity Navigator.
Is Thunder Community Foundation legitimate?
Thunder Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thunder Community 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: $0
For more financial information, click here
What is the mission statement of Thunder Community Foundation?
The Thunder Community Foundation is committed to community outreach and promoting health and fitness. Their activities encompass various programs, such as the Thunder's Community Tickets, where they donate tickets to underserved youth through organizations like the local Boys & Girls Club. Additionally, the foundation funds community basketball court refurbishment projects across Oklahoma, provides periodic donations to local disaster relief efforts, and supports various causes associated with Thunder basketball players.
Who is the CEO of Thunder Community Foundation?
Stacy Blomstrom is the Board Member of Thunder Community Foundation.
What is the revenue of Thunder Community Foundation?
Thunder Community Foundation's revenue in 2022 was $1,114,110.
Who are the executives of Thunder Community Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Thunder Community Foundation?
Thunder Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thunder Community Foundation
The Thunder Community Foundation is committed to engaging with the community and promoting health and fitness. This nonprofit organization carries out its mission through a variety of initiatives. One of its key programs is the Thunder's Community Tickets, where the foundation coordinates the distribution of tickets to underprivileged youth through public charities, such as local Boys & Girls Clubs. Additionally, the Thunder Foundation supports community basketball court refurbishment projects across Oklahoma. Furthermore, it periodically makes donations to local disaster relief efforts and assists various Thunder player causes. In essence, the Thunder Community Foundation is dedicated to enhancing community outreach and fostering an active lifestyle among its residents.
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Impact
October, 2024
Thunder Community Foundation significantly enhances community engagement and promotes health and fitness in Oklahoma City. Through innovative programs like Community Tickets, the Foundation facilitates access to Thunder home games for underserved youth, allowing those who might not otherwise have the opportunity to experience live sports. This initiative not only fosters a sense of belonging but also inspires young individuals to engage in sports and physical activities.
Additionally, the Foundation invests in the refurbishment of community basketball courts, ensuring that safe and accessible spaces for recreational activities are available throughout Oklahoma. The effort to support local disaster relief initiatives further demonstrates a commitment to community resilience. By aligning its resources with various Thunder player causes, the Foundation amplifies its impact, creating a network of support that reaches diverse segments of the community. Overall, the Thunder Community Foundation plays a vital role in enhancing health, wellness, and social connectivity within the Oklahoma City area.
This information is meant to be a general summary of Thunder Community 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 2022.
- Program Service Revenue: $13,110
- Gross Receipts: $1,114,110
Assets and Liabilities:
- Total Assets: $1,412,302
- Total Liabilities: $2,022
- Net Assets: $1,410,280
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME COURT SUPPORT
Revenue
$13,110
Organization Details
Founding Year
2009
Phone
(405) 208-4722Principal Officer
Stacy Blomstrom
Main Address
208 THUNDER DRIVE, OKLAHOMA CITY, OK, 73102
NTEE Category
Code: P30 - Human services
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