Overview
What is Golden Hobby Shop?
Golden Hobby Shop is a nonprofit establishment located at 549 Franklin Ave, Columbus, OH 43215. Their primary mission revolves around providing a platform for senior citizens to sell the artistic creations they have meticulously crafted. The shop's purpose is to facilitate sales of these handmade artifacts, thereby offering an avenue for these artists to share their talents and engage in a productive activity.
Official website here: www.columbus.gov/goldenhobbygiftshop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Golden Hobby Shop has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial health. The organization's score reflects a lack of transparency in its operations, particularly highlighted by missing policies such as a conflict of interest policy and a whistleblower policy. While the organization has a fully independent board and no material diversion of assets, these strengths are overshadowed by its overall low financial performance.
Despite having a high percentage of independent board members and good governance practices in certain areas, the financial ratios reveal troubling signs. The program expense ratio stands at only 23.92%, suggesting that a minimal portion of its resources is being allocated towards its stated mission. Additionally, the liabilities to assets ratio of 0.28% indicates potential financial instability.
Overall, while Golden Hobby Shop demonstrates strong governance practices, the lack of essential policies and low program expenditure raises red flags for potential donors and stakeholders. It may require significant improvements to its financial management and transparency to enhance its overall standing and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Hobby Shop legitimate?
Golden Hobby Shop is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Hobby Shop 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
Official website here: www.columbus.gov/goldenhobbygiftshop
What is the mission statement of Golden Hobby Shop?
The Golden Hobby Shop's mission is centered around facilitating the sale of arts and crafts products. This is primarily achieved by providing a platform for senior citizens to showcase and sell the handmade items they have creatively produced. By doing so, the shop contributes to supporting these elderly individuals, allowing them to monetize their crafting skills. The sales at Golden Hobby Shop not only provide a source of income for the senior artists but also promote the appreciation of art and crafts created by the elderly population.
Official website here: www.columbus.gov/goldenhobbygiftshop
Who is the CEO of Golden Hobby Shop?
Andrea O'Neal is the President of Golden Hobby Shop.
Official website here: www.columbus.gov/goldenhobbygiftshop
What is the revenue of Golden Hobby Shop?
Golden Hobby Shop's revenue in 2023 was $25,090.
Official website here: www.columbus.gov/goldenhobbygiftshop
Who are the executives of Golden Hobby Shop and what are their salaries?
There 198 volunteers at Golden Hobby Shop.
Here are 7 key members and their salaries:
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Official website here: www.columbus.gov/goldenhobbygiftshop
Where can I find the form 990 for Golden Hobby Shop?
Golden Hobby Shop's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.columbus.gov/goldenhobbygiftshop
Learn more at the official website: www.columbus.gov/goldenhobbygiftshop
Mission Statement of Golden Hobby Shop
Golden Hobby Shop, a noteworthy entity, is dedicated to serving senior citizens by providing a platform for the sale of their handcrafted arts and crafts. The organization's mission is centered around showcasing and promoting these artisan creations, thereby offering elderly individuals an opportunity to monetize their talents and skills. By fostering this sales environment, Golden Hobby Shop contributes to the empowerment and financial independence of senior citizens, allowing them to continue pursuing their creative passions.
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Impact
August, 2024
Golden Hobby Shop's impact lies in providing a platform for senior citizens to showcase and sell the arts and crafts they have created. By facilitating this opportunity, the organization not only supports the seniors in showcasing their talents but also helps generate income for them. This initiative contributes to the overall well-being and financial stability of the senior citizens in the community, while also fostering creativity and a sense of fulfillment in their lives. The Golden Hobby Shop's work stands as a valuable example of how small-scale initiatives can make a significant difference in the lives of individuals, particularly in the realm of human services.
This information is meant to be a general summary of Golden Hobby Shop. 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: $788
- Program Service Revenue: $8,083
- Gross Receipts: $96,731
Assets and Liabilities:
- Total Assets: $108,129
- Total Liabilities: $302
- Net Assets: $107,827
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$7,530
DONATIONS
Revenue
$553
Organization Details
Founding Year
1981
Phone
(614) 645-8330Principal Officer
Andrea O'Neal
Main Address
549 FRANKLIN AVE, COLUMBUS, OH, 43215
NTEE Category
Code: P81 - Human services
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