Overview
What is Stamford Peace Youth Foundation Inc?
Stamford Peace Youth Foundation Inc, a community-based organization situated in Stamford, Connecticut, utilizes basketball as a catalyst for positive youth development. With a focus on youth between the ages of 6 and 17, the foundation emphasizes teamwork, self-discipline, leadership, and sportsmanship. Positioned at 925 Long Ridge Road, Stamford, CT 06902, the organization offers high-level basketball instruction, training, and competition, alongside academic support to empower young individuals, aiding them in realizing their full potential both on and off the court. The foundation's commitment to this mission is further demonstrated through an in-kind donation of $60,000 in the form of rent for the building's use. With a team of 5 dedicated individuals, Stamford Peace Youth Foundation Inc strives to make a lasting impact in the lives of its young participants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating. This rating indicates that the Stamford Peace Youth Foundation Inc has room for improvement in its accountability and financial practices. While the organization has a commendable program expense ratio of 89.58%, suggesting that a significant portion of its funds is directed toward its mission, it falls short in several governance aspects.
The organization boasts a strong independent board composition, with 80% of its members being independent. This is a positive indicator of governance, alongside a commitment to proper documentation, as seen in the availability of board meeting minutes and a document retention policy. However, the absence of a conflict of interest policy and a whistleblower policy raises concerns about transparency and ethical oversight.
Additionally, the organization's liabilities to assets ratio is concerning at 100.98%, indicating potential financial vulnerabilities. The lack of posted tax forms on the nonprofit's website further complicates transparency efforts, which could affect donor confidence. Overall, while there are strengths in program spending and governance structure, significant improvements are needed in policy implementation and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Stamford Peace Youth Foundation Inc legitimate?
Stamford Peace Youth Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stamford Peace Youth Foundation 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Stamford Peace Youth Foundation Inc?
The Stamford Peace Youth Foundation Inc utilizes high-level basketball instruction, training, and competitions, alongside academic support, to positively influence young individuals. Their primary goal is to help these young people realize their full potential, not just on the basketball court, but also in their personal lives. The organization emphasizes teamwork, self-discipline, leadership, and sportsmanship as key elements in their programming, catering to youths between the ages of 6 and 17. As a demonstration of their commitment, the foundation considers the waived rental fee for their facility located at 925 Long Ridge Road, Stamford, CT 06902, as an in-kind donation of $60,000.
Who is the CEO of Stamford Peace Youth Foundation Inc?
Brian Kriftcher is the President/Director of Stamford Peace Youth Foundation Inc.
What is the revenue of Stamford Peace Youth Foundation Inc?
Stamford Peace Youth Foundation Inc's revenue in 2022 was $671,783.
Who are the executives of Stamford Peace Youth Foundation Inc and what are their salaries?
The average compensation at Stamford Peace Youth Foundation Inc during 2022 was $20,000. There are 5 employees and 20 volunteers at Stamford Peace Youth Foundation Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Stamford Peace Youth Foundation Inc?
Stamford Peace Youth Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stamford Peace Youth Foundation Inc
The Stamford Peace Youth Foundation Inc utilizes advanced basketball instruction, training, and competition, alongside academic support, to positively impact young people and aid them in realizing their full potential both on and off the court. The organization's mission is geared towards youth aged between 6 and 17 years, emphasizing teamwork, self-discipline, leadership, and sportsmanship. The foundation's approach to community-based basketball programming serves as a powerful tool for fostering positive youth development. In doing so, it helps shape well-rounded individuals who can thrive in various aspects of life.
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Impact
July, 2024
The impact of Stamford Peace Youth Foundation Inc is significant, as it provides high-level basketball instruction, training, and competition to youth, while also offering academic support to help them achieve their full potential on and off the court. Through community-based basketball programming, the foundation promotes positive youth development by emphasizing teamwork, self-discipline, leadership, and sportsmanship among youths aged 6 to 17. Additionally, the foundation's commitment to providing access to its facilities by forgoing rent demonstrates its dedication to supporting the growth and development of young people in the Stamford area. The foundation's efforts align with its mission to positively influence youth and help them reach their full potential in various aspects of their lives.
This information is meant to be a general summary of Stamford Peace Youth Foundation 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: $2,180
- Program Service Revenue: $435,028
- Gross Receipts: $671,783
Assets and Liabilities:
- Total Assets: $180,055
- Total Liabilities: $183,817
- Net Assets: -$3,762
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT FEES
Revenue
$386,841
TUTOR FEES
Revenue
$48,187
Organization Details
Founding Year
2009
Phone
(203) 588-9020Principal Officer
Brian Kriftcher
Main Address
925 LONG RIDGE ROAD, STAMFORD, CT, 06903
NTEE Category
Code: O50 - Youth development
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