Overview
What is Ultrafit Usa?
Ultrafit USA, situated in Hilliard, Ohio, serves as a nonprofit organization that specializes in organizing, promoting, and managing various amateur sporting events. Their mission primarily revolves around supporting and fostering the growth of amateur sports clubs and leagues. Ultrafit USA's initiatives play a significant role in the amateur sports community, contributing to the development and enjoyment of sports activities across the nation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating.
Ultrafit USA received a 63% rating from Charity Navigator, reflecting its performance in the Accountability & Finance category. This score indicates some concerns regarding transparency and governance, as the overall rating is solely based on one beacon score. The organization has a strong liability to assets ratio, signaling sound financial management, but other areas need improvement.
The nonprofit excels in having a fully independent board, which is a significant strength, but it is limited by its small size with only two independent members. Additionally, the charity faces criticism for missing key policies such as conflict of interest and whistleblower protections, which are essential for maintaining ethical governance and trustworthiness. The absence of these policies could raise concerns among potential donors and stakeholders.
Despite these limitations, Ultrafit USA demonstrates a commitment to program expenses, achieving a 100% program expense ratio. However, the missing elements regarding transparency and policy documentation suggest that the organization has room for growth to improve its overall governance and accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Ultrafit Usa legitimate?
Ultrafit Usa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ultrafit Usa 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: $62,650
For more financial information, click here
What is the mission statement of Ultrafit Usa?
Ultrafit USA, as an organization, is dedicated to orchestrating, promoting, and overseeing various amateur sporting events. This mission is fulfilled through their focus on supporting amateur sports clubs and leagues. Ultrafit USA operates with a goal to facilitate and encourage participation in these events, fostering a community around amateur sports.
Who is the CEO of Ultrafit Usa?
James J Sheard is the V.P. of Ultrafit Usa.
What is the revenue of Ultrafit Usa?
Ultrafit Usa's revenue in 2022 was $464,402.
Who are the executives of Ultrafit Usa and what are their salaries?
The average compensation at Ultrafit Usa during 2022 was $31,325. There are 2 employees at Ultrafit Usa.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ultrafit Usa?
Ultrafit Usa's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ultrafit Usa
Ultrafit USA, a nonprofit organization, is dedicated to the organization, promotion, and management of amateur sporting events. With a focus on amateur sports clubs and leagues, Ultrafit USA plays a significant role in the amateur sports community. By organizing and promoting these events, the organization contributes to the enthusiasm and development of various sports among amateur participants.
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Impact
July, 2024
Ultrafit USA's impact can be seen in the way it organizes, promotes, and manages amateur sporting events. By focusing on amateur sports clubs and leagues, this organization plays a crucial role in bringing together individuals who are passionate about sports. Through its activities, Ultrafit USA not only encourages physical activity and healthy competition but also fosters a sense of community and camaraderie among participants. Their dedication to promoting amateur sports contributes to the overall well-being and development of individuals involved in their programs.
This information is meant to be a general summary of Ultrafit Usa. 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: $464,402
- Gross Receipts: $464,402
Assets and Liabilities:
- Total Assets: $60,448
- Total Liabilities: $20,060
- Net Assets: $40,388
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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
$464,402
Organization Details
Phone
(614) 332-5205Principal Officer
James J Sheard
Main Address
PO BOX 629, HILLIARD, OH, 430260629
NTEE Category
Code: N6XZ - Recreation
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