Overview
What is New Ulm Turnverein?
New Ulm Turnverein is a nonprofit organization, established in 1856, located at 102 S STATE ST, NEW ULM, MN, 56073. Their primary focus is on providing a non-competitive athletic program through gymnastics training. This program aims to foster a balanced mind and body for approximately 200 students aged between 3 and 18 years old, with classes held four times a week from November to February and March to May. The organization's historic building serves as a hub for cultural, educational, physical, and social activities within the community, continuing its original mission of promoting a healthy mind and body for its members. The New Ulm Turnverein is staffed by a team of 15 dedicated individuals.
Official website here: www.newulmturnerhall.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
New Ulm Turnverein has earned a Three-Star rating from Charity Navigator, which reflects a solid performance in accountability and finance. The charity's overall score is derived entirely from its financial management, demonstrating an impressive ability to maintain a balanced budget and minimal liabilities. The organization shows a strong commitment to transparency, as all board members are independent and there are no reported diversions of assets.
However, there are some notable areas for improvement. The charity lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for promoting ethical practices and safeguarding against potential mismanagement. This absence may raise concerns about governance standards among stakeholders.
On a positive note, the organization allocates a significant portion of its budget (81.16%) to program expenses, indicating a strong focus on fulfilling its mission. Additionally, the board meeting minutes are documented and accessible, contributing to overall transparency. While the organization has strengths in financial management, addressing the noted governance deficiencies could enhance its overall efficacy and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is New Ulm Turnverein legitimate?
New Ulm Turnverein is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Ulm Turnverein 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: $31,009
For more financial information, click here
Official website here: www.newulmturnerhall.org
What is the mission statement of New Ulm Turnverein?
The New Ulm Turnverein, established in 1856, upholds its original mission of fostering a balanced mind and body within its membership and the community. Their historic building serves as a hub for various cultural, educational, physical, and social activities. The organization supports this mission through a non-competitive athletic program, offering gymnastic training to approximately 200 students aged 3 to 18 years old. The training sessions are held four times a week during specific periods of the year.
Official website here: www.newulmturnerhall.org
Who is the CEO of New Ulm Turnverein?
Matthew Berger is the President of New Ulm Turnverein.
Official website here: www.newulmturnerhall.org
What is the revenue of New Ulm Turnverein?
New Ulm Turnverein's revenue in 2022 was $143,362.
Official website here: www.newulmturnerhall.org
Who are the executives of New Ulm Turnverein and what are their salaries?
The average compensation at New Ulm Turnverein during 2022 was $2,067. There are 15 employees and 100 volunteers at New Ulm Turnverein.
Here are 13 key members and their salaries:
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Official website here: www.newulmturnerhall.org
Where can I find the form 990 for New Ulm Turnverein?
New Ulm Turnverein's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newulmturnerhall.org
Learn more at the official website: www.newulmturnerhall.org
Mission Statement of New Ulm Turnverein
The New Ulm Turnverein, established in 1856, upholds its original mission of fostering both physical and mental wellbeing within its membership and the wider community. As a historic building, it serves as a hub for cultural, educational, physical, and social activities, offering a diverse range of opportunities for community engagement.
At the heart of its mission, the New Ulm Turnverein runs a non-competitive athletic program focused on gymnastic training. This program caters to approximately 200 students aged between 3 and 18 years, providing them with the opportunity to develop a balanced mind and body. Classes are held four times a week during specific seasons, nurturing young individuals and instilling the values of good health and sound mental fortitude.
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Impact
October, 2024
New Ulm Turnverein plays a vital role in enhancing the cultural, educational, physical, and social landscape of the New Ulm community. Established in 1856, it has consistently focused on developing a "sound mind and sound body," fulfilling its mission through a non-competitive athletic program that emphasizes gymnastics training.
The organization serves approximately 200 students aged 3 to 18, offering classes four times a week from November through May. This commitment to youth development fosters not only physical fitness but also mental discipline and resilience. By providing a welcoming environment for gymnastics, New Ulm Turnverein encourages social interaction and community engagement, extending its impact beyond physical health to strengthen community bonds.
In maintaining its historic building, the Turnverein also preserves a piece of local heritage, creating a gathering space for various events and activities. This enhances the community's cultural fabric, ensuring that residents have access to diverse educational and recreational opportunities year-round. The Turnverein stands as a pillar in New Ulm, nurturing generations of individuals while promoting a healthy, active lifestyle within the community.
This information is meant to be a general summary of New Ulm Turnverein. 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: -$2,843
- Program Service Revenue: $69,875
- Gross Receipts: $150,075
Assets and Liabilities:
- Total Assets: $1,328,196
- Total Liabilities: $3,827
- Net Assets: $1,324,369
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GYMNASTIC FEES
Revenue
$68,744
FOOD SALES
Revenue
$1,131
Organization Details
Founding Year
1856
Phone
(507) 354-4916Principal Officer
Matthew Berger
Main Address
102 S STATE ST, NEW ULM, MN, 56073
Website
www.newulmturnerhall.orgNTEE Category
Code: N31 - Recreation
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