Overview
What is Kentucky Cobras Inc?
Kentucky Cobras Inc, based in Florence, Kentucky, is a nonprofit organization that focuses on basketball development. They offer a wide range of programs, from beginner leagues to individual trainings, catering to various skill levels. Their mission is to educate, inspire, and encourage young people through training and team competitions in basketball. With a passionate staff of trainers and coaches, they strive to provide a fun, safe, and memorable experience for all involved. Their community impact programs, funded through donations, extend their reach beyond the court, positively impacting over 1,000 families annually in the Northern Kentucky and Cincinnati area.
Official website here: www.kentuckycobras.leagueapps
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59%, One-Star out of Four Star rating.
Kentucky Cobras Inc has received a low overall score of 59%, reflecting concerns primarily in financial transparency and accountability. While the organization has an independent board with 100% of members being independent and strong program expense ratios at 92.51%, the lack of financial statements and missing critical policies such as whistleblower and document retention raise significant red flags.
The organization shows some strengths, including a lack of material diversion of assets and the existence of documented board meeting minutes, which indicates a level of operational integrity. However, the absence of financial documentation and other governance policies severely limits their accountability and makes it challenging for donors to assess the organization's financial health. Overall, potential supporters might want to consider these factors before engaging with Kentucky Cobras Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Cobras Inc legitimate?
Kentucky Cobras Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Cobras 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,925
For more financial information, click here
Official website here: www.kentuckycobras.leagueapps
What is the mission statement of Kentucky Cobras Inc?
Kentucky Cobras Inc, through its fundraising efforts, supports community impact programs with the aim of educating, inspiring, and encouraging children and young adults primarily through basketball training and team competition. The organization's activities focus on providing a fun, safe, and memorable experience for all involved, including developmental leagues, individual trainings, and AAU teams. With a team of passionate professional trainers and coaches, the foundation brings high-quality players and teams together, offering an unique atmosphere for basketball enthusiasts. Each year, the foundation positively impacts over 1,000 families in the Northern Kentucky and Cincinnati area.
Official website here: www.kentuckycobras.leagueapps
What is the revenue of Kentucky Cobras Inc?
Kentucky Cobras Inc's revenue in 2023 was $587,272.
Official website here: www.kentuckycobras.leagueapps
Who are the executives of Kentucky Cobras Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $42,925
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.kentuckycobras.leagueapps
Where can I find the form 990 for Kentucky Cobras Inc?
Kentucky Cobras Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kentuckycobras.leagueapps
Learn more at the official website: www.kentuckycobras.leagueapps
Mission Statement of Kentucky Cobras Inc
Kentucky Cobras Inc, a nonprofit organization, is dedicated to supporting community impact programs with the primary goal of educating, inspiring, and encouraging children and young adults throughout Kentucky primarily through basketball training and team competition. The mission of Kentucky Cobras Inc is to raise funds for these initiatives, aiming to foster personal growth in young individuals through the sport of basketball.
The organization offers a range of basketball-related programs, catering to various skill levels. These include developmental leagues, individual trainings, and AAU teams. The Kentucky Cobras Inc experience is characterized by a team of passionate professional trainers and coaches who are committed to seeing children develop not only as basketball players but also as individuals. The organization provides a fun, safe, and memorable experience for all parties involved, bringing together high-quality players and teams for basketball games. This creates an atmosphere unlike any other in the Northern Kentucky and Cincinnati area.
Every year, the Kentucky Cobras Inc impacts over 1,000 families in the region, contributing positively to their lives through basketball. The organization's mission is to provide a platform for children and young adults to learn the values of teamwork, discipline, and sportsmanship, while also promoting physical fitness and enjoyment of the sport.
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Impact
July, 2024
Kentucky Cobras Inc's impact can be seen in the way it educates, inspires, and encourages children and young adults throughout the Commonwealth of Kentucky. Through its basketball training and team competition programs, the organization positively influences over 1,000 families in the NKY and Cincinnati area every year. By providing a safe, fun, and high-quality experience, Kentucky Cobras Inc helps young players grow not only in their skills on the court but also as individuals. With a dedicated staff of professional trainers and coaches, the organization creates an atmosphere that is unlike any other, fostering personal and athletic development among its participants.
This information is meant to be a general summary of Kentucky Cobras 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.
- Program Service Revenue: $583,926
- Gross Receipts: $587,272
Assets and Liabilities:
- Total Assets: $34,467
- Total Liabilities: $10,463
- Net Assets: $24,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATIONS
Revenue
$403,436
ADMISSION/CONCESSIONS
Revenue
$180,490
Organization Details
Founding Year
2018
Principal Officer
Ty Simpson
NTEE Category
Code: N62 - Recreation
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