Overview
What is Jacket Backers Inc?
Jacket Backers Inc, based in Cambridge, Minnesota, is a dedicated nonprofit organization that supports and promotes the local football program for 9th-12th graders in the Cambridge-Isanti area. They accomplish this by hosting various events to raise funds, providing new uniforms and equipment for the teams, and investing in coaching resources to enhance player safety, knowledge, and skill development. In 2021, they even funded new helmets for the football program and offered monetary assistance for a youth passing league, where over 250 student-athletes participated.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that while Jacket Backers Inc demonstrates a commitment to program expenditures, there are notable weaknesses in governance and transparency practices. The organization has a strong accountability score, particularly in areas such as board independence and material asset management.
Jacket Backers Inc has a high program expense ratio of 97.15%, suggesting that a significant portion of its resources is allocated directly to its programs. The organization also scores well on various financial metrics, including a perfect liability-to-assets ratio. However, the lack of essential policies such as a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about governance practices and internal controls.
Additionally, the charity's website is not listed on its tax forms, and important documents such as the tax form are not posted on its website. These omissions contribute to the low transparency rating, highlighting areas that require improvement to enhance accountability and public trust. Overall, while Jacket Backers Inc shows strong financial management in some areas, improving its governance practices would be beneficial for its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Jacket Backers Inc legitimate?
Jacket Backers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jacket Backers 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
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What is the mission statement of Jacket Backers Inc?
Jacket Backers Inc, as an organization, is dedicated to supporting and promoting the local high school football program in the Cambridge-Isanti area. To achieve this, they engage in various activities. One of their initiatives is hosting fundraising events to support the football players in the communities of Cambridge and Isanti. They also invest in new uniforms and equipment for the teams, ensuring that the athletes have the necessary resources. In 2021, they went a step further by purchasing helmets for the football program. Furthermore, Jacket Backers Inc funds coaches to help teach the fundamentals of the game, thereby increasing safety, knowledge, and decreasing injuries among players. Additionally, they provide financial assistance for the Youth Passing League, which saw over 250 student-athletes participate in 2021.
Who is the CEO of Jacket Backers Inc?
Jose Clemente is the President of Jacket Backers Inc.
What is the revenue of Jacket Backers Inc?
Jacket Backers Inc's revenue in 2021 was $52,031.
Who are the executives of Jacket Backers Inc and what are their salaries?
There 35 volunteers at Jacket Backers Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Jacket Backers Inc?
Jacket Backers Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Jacket Backers Inc
Jacket Backers Inc, a dedicated organization, is committed to supporting and promoting the football program in the Cambridge-Isanti area. Their mission is centered around fostering a love for the sport among 9th-12th graders in the community. To accomplish this, they engage in various activities. One of their key initiatives is hosting numerous events to raise funds for the football players in both Cambridge and Isanti. Beyond financial support, Jacket Backers Inc also ensures that the teams have the necessary equipment, including purchasing helmets for the football program in 2021.
Recognizing the importance of proper coaching in enhancing players' skills and safety, Jacket Backers Inc funds three coaches to instruct the young athletes on the fundamentals of the game. This not only helps in improving their performance but also decreases the likelihood of injuries. Furthermore, the organization extends its support to the Youth Passing League, providing monetary assistance for over 250 student-athletes who participated in the event in 2021. In essence, Jacket Backers Inc plays a significant role in nurturing the football community in the Cambridge-Isanti area, ensuring that both the players and the sport thrive.
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Impact
August, 2024
Jacket Backers Inc's impact can be seen in its unwavering support and promotion of the Cambridge-Isanti area football program. Through hosting numerous events and benefits, providing new uniforms and equipment, funding coaching staff, and offering monetary assistance for youth programs, the organization plays a vital role in enhancing the football experience for 9th-12th graders in the communities of Cambridge and Isanti. By prioritizing player safety, knowledge enhancement, and skill development, Jacket Backers Inc contributes significantly to the growth and success of the football program, ultimately enriching the lives of student-athletes and the community as a whole.
This information is meant to be a general summary of Jacket Backers 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 2021.
- Program Service Revenue: $27,259
- Gross Receipts: $61,458
Assets and Liabilities:
- Total Assets: $40,260
- Total Liabilities: $0
- Net Assets: $40,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FANTASY CARDS
Revenue
$11,335
ADVERTISING
Revenue
$5,405
FOOTBALL CAMP/TOURNAMENTS
Revenue
$4,970
OTHER
Revenue
$3,032
CONCESSIONS
Revenue
$2,517
Organization Details
Founding Year
1910
Phone
(763) 689-1102Principal Officer
Jose Clemente
Main Address
PO BOX 23, CAMBRIDGE, MN, 55008
NTEE Category
Code: N65Z - Recreation
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