Overview
What is St Cloud Area Golden Gloves Inc?
St. Cloud Area Golden Gloves Inc. is a nonprofit organization situated in Saint Cloud, Minnesota, specifically at 101 Wilson Avenue NE, with 13 dedicated employees. Their mission is to foster and encourage youth boxing in Central Minnesota, ensuring adequate funding, coaching, and educational and athletic support for the sport and its associated programs. They provide the necessary facilities for training, events, and related activities, contributing to the development and growth of young boxers in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
St Cloud Area Golden Gloves Inc has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The organization fails to demonstrate strong governance, as evidenced by the lack of independent board members and critical policies such as conflict of interest and whistleblower protections. While it has received perfect scores for material diversion of assets and the liabilities to assets ratio, these strengths are overshadowed by the weaknesses in overall transparency and oversight.
The organization does have a positive aspect in terms of its program expense ratio, which suggests that funds are being allocated effectively towards its programs. However, the absence of key accountability measures and the lack of public disclosure on its website may hinder trust among potential donors and beneficiaries.
Overall, potential supporters and stakeholders may want to exercise caution and seek further information before engaging with St Cloud Area Golden Gloves Inc, given the significant areas for improvement highlighted in their rating. The emphasis on financial transparency and governance practices will be crucial for rebuilding confidence in the organization.
This AI summary has been generated from information found on Charity Navigator.
Is St Cloud Area Golden Gloves Inc legitimate?
St Cloud Area Golden Gloves Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Cloud Area Golden Gloves 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: $0
For more financial information, click here
What is the mission statement of St Cloud Area Golden Gloves Inc?
St. Cloud Area Golden Gloves Inc. is committed to advancing and fostering youth boxing in Central Minnesota. They strive to achieve this by offering adequate funding, coaching, and various educational and athletic benefits for the sport and its associated programs. Their mission encompasses providing the necessary gym and event spaces for training and related activities, ultimately aiming to support the growth and development of young boxers in the region.
Who is the CEO of St Cloud Area Golden Gloves Inc?
Cindy Schumacher is the Gambling Mgr of St Cloud Area Golden Gloves Inc.
What is the revenue of St Cloud Area Golden Gloves Inc?
St Cloud Area Golden Gloves Inc's revenue in 2022 was $77,090.
Who are the executives of St Cloud Area Golden Gloves Inc and what are their salaries?
There are 13 employees and 35 volunteers at St Cloud Area Golden Gloves Inc.
Here are 4 key members and their salaries:
- Compensation: $32,907
- Related: $0
- Other: $0
- Compensation: $24,098
- Related: $0
- Other: $0
- Compensation: $2,900
- Related: $0
- Other: $0
- Compensation: $1,435
- Related: $0
- Other: $0
Where can I find the form 990 for St Cloud Area Golden Gloves Inc?
St Cloud Area Golden Gloves Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Cloud Area Golden Gloves Inc
St. Cloud Area Golden Gloves Inc is committed to advancing and championing youth boxing by offering financial backing, coaching, and various educational and athletic advantages to young boxers, coaches, and the overall boxing program in Central Minnesota. The organization's mission is to ensure that young boxers have access to the necessary resources, guidance, and facilities to excel in their sport and personal development. By providing ample funding, coaching, and athletic benefits, St. Cloud Area Golden Gloves Inc aims to nurture the growth and success of youth boxing in the region. The nonprofit organization also offers suitable spaces, such as gyms and event venues, for training, competitions, and related activities, further supporting the development of young boxers and coaches in the field.
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Impact
August, 2024
St. Cloud Area Golden Gloves Inc has a significant impact on the youth boxing community in Central Minnesota by providing essential funding, coaching, and overall support to young athletes. Through their mission to promote and support youth boxing, they create opportunities for local youth to engage in a structured athletic program that fosters discipline, skill development, and a sense of community. By offering access to training facilities, events, and coaching, St. Cloud Area Golden Gloves Inc empowers young boxers to pursue their passion and develop their athletic abilities. Their dedication to youth boxing not only enriches the lives of individual athletes but also contributes to the overall well-being and vitality of the community.
This information is meant to be a general summary of St Cloud Area Golden Gloves 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: $72
- Program Service Revenue: $12,543
- Gross Receipts: $14,741,590
Assets and Liabilities:
- Total Assets: $179,489
- Total Liabilities: $4,450
- Net Assets: $175,039
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$4,645
Tournament Income
Revenue
$7,898
Organization Details
Founding Year
1975
Phone
(320) 255-1269Principal Officer
Cindy Schumacher
Main Address
101 Wilson Ave NE, Saint Cloud, MN, 56304
NTEE Category
Code: N60 - Recreation
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