Overview
What is Placer Valley Sports Complex Inc?
Placer Valley Sports Complex Inc, doing business as The Grounds, is a nonprofit organization situated in Roseville, California. Its primary mission is to construct and manage public facilities, including a multi-purpose sports complex, on land owned by the City of Roseville. By assuming this responsibility, the organization alleviates the City's burden of providing recreational facilities for the public. Operating with a staff of 85 individuals, Placer Valley Sports Complex Inc. operates and manages the sports complex on behalf of the City, contributing to the local community's recreational needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Placer Valley Sports Complex Inc, operating as The Grounds, has secured a Three-Star rating on Charity Navigator, scoring 76%. This score is derived solely from their Accountability & Finance metrics, indicating a solid foundation in financial integrity and governance. The organization demonstrates a strong commitment to transparency, with a fully independent board and robust financial oversight practices.
The nonprofit excels in various accountability measures, showcasing 100% independent board membership and a high level of financial scrutiny through its Audit and Oversight Committee. Furthermore, their liabilities to assets ratio is favorable at 21.25%, suggesting prudent financial management. The program expense ratio stands at 67.06%, which indicates that a significant portion of their funds is directed towards their programs.
However, while the organization demonstrates strong accountability and finance practices, the overall score reflects the absence of additional beacons that could enhance their rating. Potential donors may want to consider this when assessing the nonprofit’s overall impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Placer Valley Sports Complex Inc legitimate?
Placer Valley Sports Complex Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Placer Valley Sports Complex 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: $1,162,021
For more financial information, click here
What is the mission statement of Placer Valley Sports Complex Inc?
The mission of Placer Valley Sports Complex Inc, functioning as The Grounds, is centered around constructing and maintaining public facilities, specifically a sprawling sports complex. This complex is built on land owned by The City of Roseville. The primary objective is to manage and operate this sports complex, thereby alleviating the responsibility of the city to provide recreational facilities for the public. In essence, Placer Valley Sports Complex Inc aims to contribute to the community by offering a well-maintained sports complex for public enjoyment.
Who is the CEO of Placer Valley Sports Complex Inc?
Kim Summers is the Ceo of Placer Valley Sports Complex Inc. The CEO's salary of Placer Valley Sports Complex Inc is $0 and their total compensation is $163,453.
What is the revenue of Placer Valley Sports Complex Inc?
Placer Valley Sports Complex Inc's revenue in 2022 was $4,795,806.
Who are the executives of Placer Valley Sports Complex Inc and what are their salaries?
The average compensation at Placer Valley Sports Complex Inc during 2022 was $13,671. There are 85 employees and 16 volunteers at Placer Valley Sports Complex Inc.
Here are 17 key members and their salaries (Placer Valley Sports Complex Inc's CEO's salary is $0 and their total compensation is $163,453):
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- Related: $151,001
- Other: $12,452
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Where can I find the form 990 for Placer Valley Sports Complex Inc?
Placer Valley Sports Complex Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Placer Valley Sports Complex Inc
Placer Valley Sports Complex Inc, commonly known as The Grounds, is a nonprofit organization with a mission to construct and manage a public sports complex. This complex is situated on land owned by The City of Roseville and is operated on behalf of the city. The primary objective of Placer Valley Sports Complex Inc is to lessen the burden on the city in providing recreational facilities for the public. By erecting and maintaining this long field sports complex, the organization contributes to the provision of recreational facilities for the public, thereby enhancing community engagement and leisure activities.
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Impact
October, 2024
Placer Valley Sports Complex Inc significantly contributes to the community by developing and maintaining a long field sporting complex in Roseville, California. By operating this facility, the organization plays a vital role in enhancing recreational opportunities for residents and visitors, promoting healthy lifestyles, and fostering a sense of community through sports and outdoor activities.
The complex serves as a hub for various athletic events, drawing participants and spectators that support local businesses and boost the city's economy. By reducing the City of Roseville's burden to provide these recreational facilities, Placer Valley Sports Complex ensures that public resources are effectively utilized for community well-being. This initiative not only enhances the quality of life for residents but also positions Roseville as a destination for sporting events, creating lasting positive impacts on the community.
This information is meant to be a general summary of Placer Valley Sports Complex 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.
- Program Service Revenue: $4,667,239
- Gross Receipts: $4,795,806
Assets and Liabilities:
- Total Assets: $4,412,014
- Total Liabilities: $937,954
- Net Assets: $3,474,060
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Concessions and Parking
Revenue
$1,303,697
Fairground Gate Admission
Revenue
$718,930
Rental Income
Revenue
$2,474,662
Sponsorships
Revenue
$169,950
Organization Details
Founding Year
2014
Phone
(916) 773-5400Principal Officer
Kim Summers
Main Address
451 Los Vegas Avenue, Roseville, CA, 95678
NTEE Category
Code: N31 - Recreation
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