Overview
What is Wys Inc?
Wys Inc, based in Westfield, Indiana, is a nonprofit organization with a mission to promote amateur youth sports among school-age children residing within the Westfield Washington School District of Hamilton County. They achieve this by fostering competition through affiliations with local and national amateur athletic governing bodies. Over a thousand children from the age of 5 to 15 participate in the sports competitions they organize. The organization operates within the given postal address.
Official website here: www.wysi.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
Wys Inc has been assigned a low score of 54%, indicating significant concerns regarding its accountability and financial management. The organization has no independent board members, which raises questions about governance and oversight. Additionally, it lacks crucial policies such as a conflict of interest policy and a whistleblower policy, which are vital for ensuring transparency and ethical operations.
On a positive note, Wys Inc demonstrates a high program expense ratio of 98.16%, suggesting that the majority of its expenditures are directed towards its programs rather than administrative costs. Its low liabilities to assets ratio of 5.16% indicates that the organization is not heavily indebted, which is a favorable sign of financial health. However, the absence of financial statements and missing tax forms on its website significantly detracts from its transparency.
In summary, while Wys Inc appears to allocate most of its resources towards its mission, the lack of independent oversight and key governance policies casts a shadow on its operations. Prospective donors and supporters may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Wys Inc legitimate?
Wys Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wys 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: $32,409
For more financial information, click here
Official website here: www.wysi.net
What is the mission statement of Wys Inc?
Wys Inc's mission is centered around promoting amateur youth sports among school-aged children. This organization aims to foster competition among these children by establishing affiliations with local and national amateur athletic governing bodies. Their primary objective is to provide an avenue for these children to participate in sports competitions, which ultimately encourages camaraderie and skill development. As of their record, over 1,000 children between the ages of 5 and 15 have participated in the sports activities they promote.
Official website here: www.wysi.net
What is the revenue of Wys Inc?
Wys Inc's revenue in 2023 was $804,635.
Official website here: www.wysi.net
Who are the executives of Wys Inc and what are their salaries?
There 250 volunteers at Wys Inc.
Here are 10 key members and their salaries:
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Official website here: www.wysi.net
Where can I find the form 990 for Wys Inc?
Wys Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wysi.net
Learn more at the official website: www.wysi.net
Mission Statement of Wys Inc
Wys Inc, an organization dedicated to promoting youth sports, aims to encourage competition among school-aged children residing within the Westfield Washington School District in Hamilton County, Indiana. They achieve this goal by establishing affiliations with both local and national amateur athletic governing bodies. Wys Inc's mission is to foster a sense of camaraderie and healthy competition among these young individuals, providing them with the opportunity to participate in various sports activities. As a result, over 1,000 children, ranging from ages 5 to 15, have engaged in these sports competitions, fostering a spirit of sportsmanship and teamwork.
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Impact
July, 2024
Wys Inc's impact can be seen in the positive influence it has on the development of school-age children within the Westfield Washington School District of Hamilton County, Indiana. By promoting amateur youth sports and fostering healthy competition through affiliations with local and national amateur athletic governing organizations, Wys Inc has engaged over 1,000 children between the ages of 5 and 15 in sports competitions. This direct involvement in sports not only provides these children with physical activity and skills development but also promotes teamwork, discipline, and sportsmanship in their formative years. In essence, Wys Inc's efforts contribute to the overall well-being and development of youth in the community, shaping them into well-rounded individuals.
This information is meant to be a general summary of Wys 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: $61
- Program Service Revenue: $737,798
- Gross Receipts: $804,635
Assets and Liabilities:
- Total Assets: $693,382
- Total Liabilities: $35,836
- Net Assets: $657,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATIONS
Revenue
$568,346
MEMBERSHIP DUES
Revenue
$89,852
SPONSORSHIPS
Revenue
$51,931
TOURNAMENT REVENUE
Revenue
$23,815
CONCESSIONS
Revenue
$3,854
Organization Details
Founding Year
1993
Principal Officer
Steve Kovecsi
Website
www.wysi.netNTEE Category
Code: O50 - Youth development
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