Overview
What is Vasaloppet Inc?
Vasaloppet Inc is a dedicated nonprofit organization located in Mora, Minnesota. Their primary mission is to foster an active and health-conscious lifestyle through cross-country skiing, catering to both recreational participants and serious competitors. The organization hosts an annual race with various classes based on ski style, length, and age of participants. Despite the changing weather and snow conditions, they manage to attract around 1,000 participants each year. The success of the event relies heavily on the volunteer efforts of the local community and other organizations. Beyond the race, Vasaloppet Inc offers programs that engage youth and families in outdoor activities, providing both social and economic benefits.
Official website here: www.vasaloppet.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
Vasaloppet Inc has received a solid Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The rating reflects a strong emphasis on accountability, with a perfect score for the independence of its board members and no material diversion of assets. This suggests the organization is well-managed at a governance level, which is crucial for donor confidence.
However, the organization has some limitations in its policies, as it lacks several important governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy. These missing elements can raise questions about the organization's commitment to transparency and ethical standards, which are vital for trust among stakeholders.
On a positive note, Vasaloppet Inc maintains an impressive program expense ratio of 98.40%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. This efficiency in program spending can be seen as a strength for potential donors looking to support effective initiatives. However, addressing the noted governance policy gaps would enhance the organization’s overall standing.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Vasaloppet Inc?
100% of 20 reviewers on Facebook recommend Vasaloppet Inc. Here is a summary of their reviews:
The overwhelming sentiment is genuinely positive, with patrons highlighting the exceptional organization of events. Participants appreciate the friendly atmosphere created by the staff and volunteers, which contributes significantly to the overall experience.
Many users feel that Vasaloppet Inc excels in hosting well-structured events that foster community spirit and camaraderie among attendees. Overall, individuals express a strong sense of satisfaction with their experiences and encourage others to get involved.
This AI summary has been generated from reviews found on Facebook.
Is Vasaloppet Inc legitimate?
Vasaloppet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vasaloppet 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: $16,058
For more financial information, click here
Official website here: www.vasaloppet.us
What is the mission statement of Vasaloppet Inc?
Vasaloppet Inc's mission is centered around promoting a healthy and active outdoor lifestyle. They achieve this through cross-country skiing and related programs, benefiting youth, families, and serious competitors. The organization aims to provide economic and social advantages associated with this lifestyle. Vasaloppet Inc organizes an annual cross-country ski race, offering various race classes based on ski style, race length, and participant age. They engage local community members and other organizations for volunteer support in promoting, organizing, and running the races. Additionally, maintaining the trails used for the race is a task undertaken by numerous volunteers.
Official website here: www.vasaloppet.us
Who is the CEO of Vasaloppet Inc?
Katie Kerr is the President of Vasaloppet Inc.
Official website here: www.vasaloppet.us
What is the revenue of Vasaloppet Inc?
Vasaloppet Inc's revenue in 2023 was $214,388.
Official website here: www.vasaloppet.us
Who are the executives of Vasaloppet Inc and what are their salaries?
The average compensation at Vasaloppet Inc during 2023 was $16,058. There is 1 employee and 400 volunteers at Vasaloppet Inc.
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Official website here: www.vasaloppet.us
Where can I find the form 990 for Vasaloppet Inc?
Vasaloppet Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vasaloppet.us
Learn more at the official website: www.vasaloppet.us
Mission Statement of Vasaloppet Inc
Vasaloppet Inc, as a nonprofit organization, is committed to promoting a healthy and active outdoor lifestyle. They achieve this goal by focusing on cross-country skiing and related programs, catering to youth, families, and serious competitors alike. Their mission is multifaceted, aiming to deliver both economic and social benefits through these activities.
Vasaloppet Inc strives to foster a community that values an active lifestyle, recognizing the various benefits it brings. By organizing annual cross-country ski races and offering numerous activities to engage youth, they encourage participation in a fun and rewarding pastime. These races feature different classes based on ski style, race length, and participant age, ensuring inclusivity and providing opportunities for individuals at various skill levels.
The organization's mission goes beyond just organizing races. Volunteer efforts from local community members and other organizations are integral to the success of these events. Countless hours are invested in promoting, organizing, and running the races, with the maintenance of the trails also relying on dedicated volunteers. By doing so, Vasaloppet Inc not only provides a platform for competitive skiing but also strengthens its local community and fosters a sense of camaraderie among participants.
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Impact
October, 2024
Vasaloppet Inc effectively promotes a healthy and active outdoor lifestyle through its organization of annual cross-country ski races and related programs. By catering to a diverse range of participants, including youth, families, and serious competitors, the organization fosters community engagement and encourages physical fitness.
The annual events typically attract around 1,000 participants, contributing to the local economy and social fabric of Mora, MN. The variety of race classes based on ski style, distance, and age allows individuals of all skill levels to participate, thereby enhancing inclusivity and promoting the sport of cross-country skiing.
Community involvement is a cornerstone of Vasaloppet Inc's impact, as countless local volunteers dedicate their time and effort to help organize, promote, and execute these races. This volunteerism not only strengthens community bonds but also cultivates a shared passion for outdoor activities. Additionally, maintaining the trails used for the races relies on the commitment of local organizations and individuals, highlighting a collective effort to ensure the sustainability of outdoor recreational spaces.
Overall, Vasaloppet Inc serves as a catalyst for economic development, social cohesion, and the promotion of health and wellness through outdoor activities, making a significant impact on the local community.
This information is meant to be a general summary of Vasaloppet 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 2023.
- Investment Income: $33
- Program Service Revenue: $130,141
- Gross Receipts: $248,802
Assets and Liabilities:
- Total Assets: $774,072
- Total Liabilities: $47,099
- Net Assets: $726,973
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACE ENTRY FEES
Revenue
$121,503
NORDIC CENTER
Revenue
$8,638
Organization Details
Founding Year
1976
Phone
(320) 679-2629Principal Officer
Katie Kerr
Main Address
100 UNION ST, MORA, MN, 55051
Website
www.vasaloppet.usNTEE Category
Code: T70Z - Philanthropy
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