Overview
What is International Soap Box Derby Inc?
International Soap Box Derby Inc is a nonprofit organization dedicated to youth education and leadership development, based at 1000 George Washington Blvd, Akron, Ohio 44312. Their mission involves building knowledge and character, fostering meaningful experiences through fair and honest racing competitions, STEM curriculums, and community-focused activities. They engage families by encouraging them to work together in preparing, building, and racing gravity-powered cars. With a strong focus on integrity, innovation, teamwork, and volunteerism, the organization promotes values like honesty, perseverance, mentoring, and commitment to community. With a team of 15 individuals, they serve approximately 7,500 children and adults through local races, leading to memorable experiences for all participants.
Official website here: www.soapboxderby.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
International Soap Box Derby Inc has received a 67% score on Charity Navigator, indicating a two-star rating which reflects a focus on accountability and finance. The rating is based solely on this area, which highlights the organization's commitment to maintaining a transparent and responsible financial structure.
The organization boasts a fully independent board, with 14 members and no material diversion of assets reported. This strong governance structure is supported by policies for conflict of interest and whistleblower protections, enhancing the organization’s overall accountability. Their website is compliant with tax form requirements, showcasing a level of transparency that is essential in the nonprofit sector.
However, the program expense ratio stands at 58.92%, which suggests that a considerable portion of funds may not be directly allocated to program activities. This aspect might raise questions about the efficiency of resource utilization within the organization, despite its strong governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is International Soap Box Derby Inc legitimate?
International Soap Box Derby Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Soap Box Derby 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: $132,766
Professional Fundraising Fees: $0
Other Salaries and Wages: $330,501
For more financial information, click here
Official website here: www.soapboxderby.org
What is the mission statement of International Soap Box Derby Inc?
The International Soap Box Derby Inc is a non-profit organization dedicated to youth education and leadership development. Its mission is to foster knowledge and character, creating meaningful experiences through fair and honest racing competitions, STEM curriculum, and various community-focused activities. The organization values youth education and leadership development, family engagement and enrichment, honesty, integrity, and perseverance, innovation and entrepreneurship, teamwork and collaboration, mentoring, volunteerism, and commitment to community.
Official website here: www.soapboxderby.org
Who is the CEO of International Soap Box Derby Inc?
Mark Gerberich is the Chairman of International Soap Box Derby Inc. The CEO's salary of International Soap Box Derby Inc is $124,417 and their total compensation is $130,536.
Official website here: www.soapboxderby.org
What is the revenue of International Soap Box Derby Inc?
International Soap Box Derby Inc's revenue in 2022 was $1,518,740.
Official website here: www.soapboxderby.org
Who are the executives of International Soap Box Derby Inc and what are their salaries?
The average compensation at International Soap Box Derby Inc during 2022 was $30,884. There are 15 employees and 1700 volunteers at International Soap Box Derby Inc.
Here are 15 key members and their salaries (International Soap Box Derby Inc's CEO's salary is $124,417 and their total compensation is $130,536):
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- Compensation: $124,417
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- Other: $6,119
Official website here: www.soapboxderby.org
Where can I find the form 990 for International Soap Box Derby Inc?
International Soap Box Derby Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.soapboxderby.org
Learn more at the official website: www.soapboxderby.org
Mission Statement of International Soap Box Derby Inc
The International Soap Box Derby Inc, a non-profit organization, is dedicated to fostering youth education and leadership development. Their mission is multifaceted, encompassing the construction of knowledge and character, and the creation of meaningful experiences through fair and honest racing competitions, STEM curriculums, and community-focused activities. This non-profit organization values youth education and leadership development, family engagement and enrichment, honesty, integrity, and perseverance, innovation and entrepreneurship, teamwork and collaboration, mentoring, volunteerism, and commitment to community. The International Soap Box Derby Inc aims to provide opportunities that not only engage but also educate young individuals, instilling in them values that will serve them throughout their lives.
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Impact
October, 2024
International Soap Box Derby Inc significantly impacts youth development and community engagement through its unique racing competitions and educational programs. By creating fair and honest racing environments, the organization fosters knowledge and character development among participants. Through hands-on experiences, children learn valuable lessons in teamwork, perseverance, and integrity, essential skills for personal and academic growth.
The program also incorporates STEM curriculums, enhancing participants' understanding of engineering and physics as they design and build their gravity-powered cars. Involving families in the preparation and racing process further strengthens community bonds, contributing to an enriching family experience that promotes collaboration and mentorship.
With events held locally and nationally, including the annual All-American Race in Akron, Ohio, International Soap Box Derby Inc engages around 7,500 children and adults. This community-focused approach not only cultivates future leaders but also encourages volunteerism and a commitment to service, reinforcing the organization’s values and broadening its positive impact on society.
This information is meant to be a general summary of International Soap Box Derby 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: $15,637
- Program Service Revenue: $321,737
- Gross Receipts: $1,996,981
Assets and Liabilities:
- Total Assets: $2,843,199
- Total Liabilities: $503,006
- Net Assets: $2,340,193
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACE CITY REVENUE
Revenue
$131,605
ANNUAL EVENT
Revenue
$91,507
RALLY FEES
Revenue
$78,460
OTHER RACE WEEK REVENU
Revenue
$20,165
Organization Details
Founding Year
1974
Phone
(330) 733-8723Principal Officer
Mark Gerberich
Main Address
1000 GEORGE WASHINGTON BLVD, AKRON, OH, 44312
Website
www.soapboxderby.orgNTEE Category
Code: O50 - Youth development
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