Overview
What is The Shark Club Inc?
The Shark Club Inc, located in Murrells Inlet, South Carolina, is a nonprofit organization that prioritizes supporting the athletic programs at St. James High School. Their mission lies within the guidelines set by the Horry County Department of Education and St. James High School administration, focusing on extracurricular activities. By promoting and backing the school's athletic program, they aim to boost the morale and school spirit among the athletes and student body. Their work also contributes to the well-being, stability, and development of the students at St. James High School, ensuring a comprehensive and supportive learning environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
The Shark Club Inc has received a low rating of 52%, which translates to a One-Star evaluation. This score indicates significant concerns in the areas of accountability and finance, particularly due to the absence of independent board members and missing critical policies such as conflict of interest and whistleblower protections. The organization has also failed to provide financial statements, which is a significant red flag for transparency.
Despite these limitations, The Shark Club Inc demonstrates some strengths, particularly in its program expense ratio, which stands at an impressive 92.55%. This suggests that a substantial portion of its expenses is directed toward program services rather than administrative costs. Additionally, the organization has a reasonable liabilities to assets ratio of 27.62%, indicating manageable financial obligations.
However, the overall lack of financial documentation and independent oversight raises serious questions about the governance and operational transparency of The Shark Club Inc. Potential donors and stakeholders should consider these factors carefully when evaluating the organization's reliability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Shark Club Inc legitimate?
The Shark Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Shark Club 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: $0
For more financial information, click here
What is the mission statement of The Shark Club Inc?
The Shark Club Inc's mission is centered around supporting and promoting the athletic program of St. James High School, adhering to the guidelines set by the Horry County Department of Education and the school's administration. This support extends to extracurricular activities, aiming to boost the morale and school spirit of the athletes and student body. Additionally, the organization works towards enhancing the overall well-being, stability, and development of students within St. James High School.
What is the revenue of The Shark Club Inc?
The Shark Club Inc's revenue in 2023 was $519,055.
Who are the executives of The Shark Club Inc and what are their salaries?
There 22 volunteers at The Shark Club Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Shark Club Inc?
The Shark Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Shark Club Inc
The Shark Club Inc, a nonprofit organization, is dedicated to promoting and supporting St. James High School's athletic program within the guidelines set by the Horry County Department of Education and the administration of St. James High School in relation to extracurricular activities. Their mission is multifaceted, aiming to boost the morale and school spirit of the athletes and the student body while simultaneously promoting the welfare, stability, and development of the students within St. James High School. The Shark Club Inc plays a significant role in enhancing the overall educational experience of the students by fostering a sense of community and camaraderie through their support of the school's athletic program.
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Impact
July, 2024
The Shark Club Inc's impact is primarily focused on promoting and supporting St. James High School's athletic program. By providing financial assistance for the expenses related to athletic programs at the school, the organization helps enhance the morale and school spirit of the athletes and student body. Moreover, The Shark Club contributes to the overall educational welfare, stability, and development of students within St. James High School. Their efforts align with the guidelines of the Horry County Department of Education and the administration of the school, ensuring a positive impact on the extracurricular activities and educational environment of the students.
This information is meant to be a general summary of The Shark Club 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.
- Investment Income: $16
- Gross Receipts: $595,299
Assets and Liabilities:
- Total Assets: $834,099
- Total Liabilities: $230,443
- Net Assets: $603,656
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Organization Details
Founding Year
2003
Principal Officer
Chip Squires
NTEE Category
Code: B94 - Education
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