Overview
What is Elgin Sports Hall Of Fame Foundation?
The Elgin Sports Hall of Fame Foundation, based in Elgin, Illinois, is a distinguished nonprofit organization. Its primary objective is to honor exceptional athletic accomplishments by athletes, coaches, and sports enthusiasts through their induction into the Elgin Sports Hall of Fame. Additionally, the foundation extends its support to deserving high school and junior college student athletes by providing them with monetary scholarships. The organization's mission serves to celebrate the achievements and contributions of the sports community while investing in the future of young athletes.
Official website here: www.eshof.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59% (One-Star out of Four Stars)
The Elgin Sports Hall Of Fame Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its governance and financial accountability. The organization's overall score reflects weaknesses in board independence and the absence of critical policies, such as conflict of interest and whistleblower policies. Despite these challenges, the foundation demonstrates a strong program expense ratio of 84.01%, showing that a significant portion of its resources is directed towards its mission-related activities.
One notable strength is the foundation's lack of material diversion of assets, which indicates that it maintains proper stewardship of its resources. Additionally, the foundation ensures transparency by listing its tax form on its website, and it provides documented board meeting minutes, which are positive indicators of its operational practices. However, the overall lack of independent board members is a major concern, as it can affect the impartiality and effectiveness of governance.
Overall, while the Elgin Sports Hall Of Fame Foundation shows promise in its program expenses and transparency measures, significant improvements are needed in governance practices to enhance its accountability and credibility in the nonprofit sector. Addressing these weaknesses could potentially lead to better ratings and increased trust from the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Elgin Sports Hall Of Fame Foundation legitimate?
Elgin Sports Hall Of Fame Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elgin Sports Hall Of Fame Foundation 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.
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Official website here: www.eshof.org
What is the mission statement of Elgin Sports Hall Of Fame Foundation?
The Elgin Sports Hall Of Fame Foundation's mission is centered around recognizing distinguished athletic accomplishments. This recognition extends to athletes, coaches, and individuals who have significantly contributed to the realm of sports. The foundation accomplishes this by inducting these individuals into the Elgin Sports Hall of Fame. Moreover, the foundation is committed to supporting the educational pursuits of student athletes by providing them with monetary scholarships. These scholarships are extended to high school and junior college students, demonstrating the foundation's dedication to nurturing future athletic talent.
Official website here: www.eshof.org
Who is the CEO of Elgin Sports Hall Of Fame Foundation?
Mike Wahl is the Director of Elgin Sports Hall Of Fame Foundation.
Official website here: www.eshof.org
What is the revenue of Elgin Sports Hall Of Fame Foundation?
Elgin Sports Hall Of Fame Foundation's revenue in 2022 was $76,024.
Official website here: www.eshof.org
Who are the executives of Elgin Sports Hall Of Fame Foundation and what are their salaries?
Here are 22 key members and their salaries:
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Official website here: www.eshof.org
Where can I find the form 990 for Elgin Sports Hall Of Fame Foundation?
Elgin Sports Hall Of Fame Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eshof.org
Learn more at the official website: www.eshof.org
Mission Statement of Elgin Sports Hall Of Fame Foundation
The Elgin Sports Hall of Fame Foundation is dedicated to honoring exceptional athletic accomplishments. This nonprofit organization recognizes the achievements of athletes, coaches, and supporters of sports by inducting them into its esteemed Hall of Fame. Furthermore, the foundation extends its mission by providing monetary scholarships to high school and junior college student athletes. By doing so, it not only celebrates past successes but also invests in the future of talented athletes, empowering them to continue their educational and athletic journeys.
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Impact
August, 2024
The impact of the Elgin Sports Hall of Fame Foundation is significant as it recognizes outstanding athletic achievements by athletes, coaches, and friends of sports through induction into the Elgin Sports Hall of Fame. Additionally, the foundation awards monetary scholarships to high school and junior college student athletes. Through these efforts, the foundation not only honors past achievements in sports but also supports the development and success of student athletes in the community.
This information is meant to be a general summary of Elgin Sports Hall Of Fame Foundation. 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: $7,489
- Program Service Revenue: $11,693
- Gross Receipts: $99,178
Assets and Liabilities:
- Total Assets: $326,895
- Total Liabilities: $0
- Net Assets: $326,895
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$11,693
Organization Details
Phone
(847) 344-8147Principal Officer
Mike Wahl
Main Address
675 Canyon Lane, Elgin, IL, 60123
Website
www.eshof.orgNTEE Category
Code: A50 - Arts
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