Overview
What is Usa Track And Field Foundation Inc?
Usa Track And Field Foundation Inc, based in Salem, Ohio, is a nonprofit organization dedicated to fostering world-class athletic performance. They achieve this by providing grants to over 70 elite athletes who meet specific criteria, including performance standards and income levels. Additionally, the foundation supports coaching for these athletes. Beyond direct financial aid, the foundation plays a role in attracting and guiding funds to innovative track and field programs with the aim of promoting competitive excellence and increasing public involvement in the sport. Their primary activity is grant-making, contributing to the growth and development of the track and field community in the United States.
Official website here: www.usatffoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Usa Track And Field Foundation Inc has achieved a commendable Three-Star rating from Charity Navigator, primarily based on its strong accountability and financial management. With an overall score of 89%, the organization demonstrates effective governance, highlighted by its fully independent board and a lack of material asset diversion. The financial oversight is supported by a well-structured audit committee, ensuring transparency and integrity in their operations.
Strengths of the organization include a high program expense ratio of 88.50%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the low fundraising efficiency ratio suggests that the foundation raises funds cost-effectively, maximizing the impact of donations received. The organization also maintains a healthy working capital ratio of 1.41 years, reflecting good financial health and sustainability.
However, there are some limitations noted, particularly concerning missing policies on whistleblowing and document retention. These gaps indicate areas where the organization could enhance its governance framework. Despite these shortcomings, the overall financial health and accountability practices position Usa Track And Field Foundation Inc as a reliable nonprofit in the sports sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Usa Track And Field Foundation Inc?
100% of the 13 reviewers on Facebook recommend the USA Track and Field Foundation Inc. Here’s a summary of their sentiments:
Many patrons emphasize the organization's commitment to supporting athletes and their aspirations. The positive feedback underscores the foundation's focus on understanding the needs and challenges faced by athletes, which resonates well with the community it serves.
Overall, supporters appreciate the dedication and passion the foundation brings to promoting track and field sports, highlighting a strong alignment with athletes' goals and dreams. The consensus is that this nonprofit truly makes a positive impact on the lives of its beneficiaries.
This AI summary has been generated from reviews found on Facebook.
Is Usa Track And Field Foundation Inc legitimate?
Usa Track And Field Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usa Track And Field Foundation 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: $290,501
Professional Fundraising Fees: $28,208
Other Salaries and Wages: $11,637
For more financial information, click here
Official website here: www.usatffoundation.org
What is the mission statement of Usa Track And Field Foundation Inc?
The U.S.A. Track and Field Foundation's mission is to facilitate the attraction and direction of funds towards innovative and competitive track and field programs. Their primary activities involve grant-making, with a goal to promote excellence in the sport and expand its involvement. They support eligible athletes through grants, contributing to their pursuit of world-class performance. Additionally, they provide funding for elite athlete coaching, contributing to the overall development and success of the sport.
Official website here: www.usatffoundation.org
Who is the CEO of Usa Track And Field Foundation Inc?
Thomas Jackovic is the Executive Di of Usa Track And Field Foundation Inc.
Official website here: www.usatffoundation.org
What is the revenue of Usa Track And Field Foundation Inc?
Usa Track And Field Foundation Inc's revenue in 2022 was $4,009,737.
Official website here: www.usatffoundation.org
Who are the executives of Usa Track And Field Foundation Inc and what are their salaries?
The average compensation at Usa Track And Field Foundation Inc during 2022 was $100,713. There are 3 employees and 42 volunteers at Usa Track And Field Foundation Inc.
Here are 46 key members and their salaries:
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Official website here: www.usatffoundation.org
Where can I find the form 990 for Usa Track And Field Foundation Inc?
Usa Track And Field Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usatffoundation.org
Learn more at the official website: www.usatffoundation.org
Mission Statement of Usa Track And Field Foundation Inc
The USA Track & Field Foundation serves a unique role in the realm of athletics by acting as a conduit to draw and manage funds towards pioneering track and field programs. This nonprofit organization's primary objective is to foster competitive excellence and expand participation in the sport. It accomplishes this mission predominantly through grant-making activities.
In essence, the USA Track & Field Foundation functions as a catalyst, attracting and guiding financial resources to innovative track and field initiatives. By doing so, it seeks to promote world-class performance and boost involvement in the sport. As part of this mission, the foundation provides grants to more than 70 elite athletes who meet specific criteria, such as performance standards and income thresholds. Additionally, the foundation offers grants to support the coaching of these elite athletes, contributing to their pursuit of exceptional athletic achievements.
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Impact
July, 2024
The impact of Usa Track And Field Foundation Inc is significant as it provides a means to attract and guide funds to new and innovative track and field programs. This helps promote competitive excellence and expand involvement in the sport. The foundation's activities, primarily grant-making, support elite athlete programs by providing grants to over 70 athletes who meet specific performance, income, and other criteria. Additionally, grants are also provided to support elite athlete coaching. Overall, Usa Track And Field Foundation Inc plays a crucial role in fostering the pursuit of world-class performance and advancing the sport of track and field.
This information is meant to be a general summary of Usa Track And Field Foundation 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: $11,210
- Program Service Revenue: $235,409
- Gross Receipts: $4,009,737
Assets and Liabilities:
- Total Assets: $4,133,269
- Total Liabilities: $85,620
- Net Assets: $4,047,649
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OLYMPIC PACKAGES
Revenue
$207,269
EVENT TICKETS
Revenue
$28,140
Organization Details
Founding Year
2002
Phone
(317) 713-4681Principal Officer
Thomas Jackovic
Main Address
217 N LINCOLN AVE, SALEM, OH, 44460
Website
www.usatffoundation.orgNTEE Category
Code: N60 - Recreation
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