Overview
What is The Lake Athletic Booster Club Inc?
The Lake Athletic Booster Club Inc is a dedicated nonprofit organization that wholeheartedly supports the athletic programs of local public schools. By raising funds, they contribute towards facility enhancements, procure necessary equipment, and cover special expenses such as team meals and uniforms. Moreover, the organization extends its support by offering college scholarships and hosting the Lake township hall of fame banquet for distinguished athletes who have graduated from the local high school.
Official website here: www.lakeathleticboosterclub.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 69%)
The Lake Athletic Booster Club Inc has received a Two-Star rating from Charity Navigator, indicating that the organization has several areas needing improvement. While the club achieved a high program expense ratio of 96.97%, reflecting its commitment to using funds for its intended programs, it lacks essential financial transparency due to missing financial statements and other key policies such as conflict of interest and whistleblower protections.
The organization's governance appears strong with 100% independent board members, which is a positive aspect. However, the absence of documented policies around conflict of interest, whistleblower protection, and document retention raises concerns about accountability. Furthermore, the tax form is not posted on the nonprofit's website, which diminishes transparency for potential donors and stakeholders.
Overall, while the Lake Athletic Booster Club Inc demonstrates dedication to its mission through efficient program spending, improvements in financial documentation and governance policies are necessary for enhancing trust and accountability within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is The Lake Athletic Booster Club Inc legitimate?
The Lake Athletic Booster Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lake Athletic Booster 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lakeathleticboosterclub.com
What is the mission statement of The Lake Athletic Booster Club Inc?
The Lake Athletic Booster Club Inc's mission is centered around supporting public school athletic programs. The organization achieves this by providing financial assistance for facility enhancements, purchasing necessary equipment, and covering additional expenses such as team meals and uniforms. Furthermore, The Lake Athletic Booster Club Inc extends its support by offering college scholarships and hosting the Lake township hall of fame banquet for athletes who have graduated from the local high school.
Official website here: www.lakeathleticboosterclub.com
Who is the CEO of The Lake Athletic Booster Club Inc?
Claudia Yoder is the President of The Lake Athletic Booster Club Inc.
Official website here: www.lakeathleticboosterclub.com
What is the revenue of The Lake Athletic Booster Club Inc?
The Lake Athletic Booster Club Inc's revenue in 2023 was $608,206.
Official website here: www.lakeathleticboosterclub.com
Who are the executives of The Lake Athletic Booster Club Inc and what are their salaries?
There 125 volunteers at The Lake Athletic Booster Club Inc.
Here are 17 key members and their salaries:
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Official website here: www.lakeathleticboosterclub.com
Where can I find the form 990 for The Lake Athletic Booster Club Inc?
The Lake Athletic Booster Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakeathleticboosterclub.com
Learn more at the official website: www.lakeathleticboosterclub.com
Mission Statement of The Lake Athletic Booster Club Inc
The Lake Athletic Booster Club Inc is an organization dedicated to supporting public school athletic programs. Their mission is multifaceted, encompassing various aspects that contribute to the enhancement of athletic activities within these educational institutions. Primarily, they provide financial aid for facility improvements, ensuring that the necessary infrastructure is in place to support the athletes' training and competitions. Additionally, they invest in equipment, ensuring that the students have the necessary tools to excel in their sports.
Beyond material support, The Lake Athletic Booster Club Inc also covers special operating expenses, such as team meals and uniforms. These seemingly minor expenses can significantly impact the overall experience of the athletes and the morale of the team. Furthermore, the organization goes beyond the realm of athletics by offering college scholarships to deserving students. This initiative not only recognizes the academic achievements of these athletes but also provides them with the financial support necessary to pursue higher education.
In addition to these tangible contributions, The Lake Athletic Booster Club Inc also organizes the Lake township hall of fame banquet for athletes graduated from Lake local high school. This event serves as a celebration of the achievements and contributions of these athletes to their school and community, providing a platform for recognition and appreciation. In essence, the mission of The Lake Athletic Booster Club Inc is centered around supporting and uplifting public school athletic programs, ensuring that they operate at their best and that the athletes who participate in them are given every opportunity to succeed.
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Impact
July, 2024
The Lake Athletic Booster Club Inc plays a critical role in enhancing the experience and opportunities for student-athletes within the Lake local high school community. By providing essential funds for facility improvements, equipment, team meals, uniforms, college scholarships, and sponsoring recognition events like the Lake township hall of fame banquet, the organization significantly enriches the athletic programs and overall educational experience for students. Their dedicated support ensures that athletes have the necessary resources to succeed both on and off the field, contributing to a thriving and impactful school athletic community in Hartville, Ohio.
This information is meant to be a general summary of The Lake Athletic Booster 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: $80
- Program Service Revenue: $291,916
- Gross Receipts: $697,161
Assets and Liabilities:
- Total Assets: $466,777
- Total Liabilities: $0
- Net Assets: $466,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAMP & RELATED PROGRAM REV
Revenue
$289,137
SPORTS PROGRAMS/TICKET SALE
Revenue
$2,779
Organization Details
Founding Year
1976
Phone
(330) 354-8243Principal Officer
Claudia Yoder
Main Address
1025 LAKE CENTER PO BOX 1057, HARTVILLE, OH, 44632
NTEE Category
Code: B25I - Education
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