Overview
What is Mcfarland Hockey Inc?
McFarland Hockey Inc, located at 4812 Marsh Road, McFarland, Wisconsin 53558, is a nonprofit organization with a mission to serve the local youth. Their primary goal is to maintain and operate an ice arena within the Village of McFarland, Wisconsin. This facility provides a valuable resource for the community, fostering youth engagement and development through hockey activities. The organization employs a team of eight individuals, demonstrating their commitment to this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 27%, Zero-Star out of Four Star rating.
Mcfarland Hockey Inc has received a very low rating of 27% from Charity Navigator, which is indicative of significant shortcomings in its accountability and financial transparency. The organization has a strong governance structure, with 90% of its board members being independent, but this is overshadowed by the absence of essential financial documentation and policies. The lack of financial statements and key governance policies such as conflict of interest and whistleblower policies has severely impacted its overall score.
Despite having some positive aspects, including documented board meeting minutes and no instances of asset diversion, the nonprofit fails to meet basic requirements in reporting and transparency. Its liabilities to assets ratio was noted at a concerning 1.04%, further suggesting potential financial stability issues. Additionally, the nonprofit's website does not provide necessary tax forms or relevant financial information, which contributes to its low accountability score.
In summary, while Mcfarland Hockey Inc demonstrates a commitment to independent governance, the lack of financial documentation and transparency poses serious concerns for potential donors and stakeholders. Improved financial practices and adherence to basic governance policies are crucial for this organization to enhance its credibility and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Mcfarland Hockey Inc legitimate?
Mcfarland Hockey Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcfarland Hockey 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: $8,000
Other Salaries and Wages: $196,264
For more financial information, click here
What is the mission statement of Mcfarland Hockey Inc?
McFarland Hockey Inc's mission is centered around maintaining and operating an ice arena, primarily for the benefit of local youth. This organization serves to provide a platform for youth in the area, fostering their involvement in hockey and other related activities. The primary goal is to create an environment that encourages youth development and engagement, contributing to their overall growth and enjoyment.
What is the revenue of Mcfarland Hockey Inc?
Mcfarland Hockey Inc's revenue in 2024 was $995,730.
Who are the executives of Mcfarland Hockey Inc and what are their salaries?
The average compensation at Mcfarland Hockey Inc during 2024 was $24,533. There are 8 employees and 11 volunteers at Mcfarland Hockey Inc.
Here are 11 key members and their salaries:
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- Compensation: $599
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Where can I find the form 990 for Mcfarland Hockey Inc?
Mcfarland Hockey Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Mcfarland Hockey Inc
McFarland Hockey Inc, as stated in its mission, is committed to maintaining and operating an ice arena in a beneficial manner for the youth residing in the area of McFarland, Wisconsin. The primary objective of this non-profit organization is to provide a suitable environment for the local youth, using an ice arena as its central platform. This initiative aims to contribute positively to the lives of young individuals in the community, fostering growth and development through this recreational activity.
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Impact
July, 2024
Mcfarland Hockey Inc's impact lies in providing a crucial space for area youth to engage in ice sports and recreation. By maintaining and operating an ice arena in the village of McFarland, Wisconsin, this organization offers opportunities for young individuals to develop crucial skills, foster teamwork, and stay active. The presence of Mcfarland Hockey Inc contributes significantly to the overall well-being and growth of the community, ensuring that the youth have a safe and supportive environment to pursue their passion for ice sports.
This information is meant to be a general summary of Mcfarland Hockey 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 2024.
- Investment Income: $3,344
- Program Service Revenue: $910,298
- Gross Receipts: $995,730
Assets and Liabilities:
- Total Assets: $990,108
- Total Liabilities: $16,348
- Net Assets: $973,760
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ICE TIME RENTAL
Revenue
$474,016
HOCKEY FACTORY
Revenue
$436,282
Organization Details
Founding Year
1986
Principal Officer
Barb Rosten
NTEE Category
Code: N19 - Recreation
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