Overview
What is Central Minn Basketball Club Inc?
Central Minn Basketball Club Inc, a nonprofit organization, is dedicated to fostering a love for basketball among amateurs. Their primary mission is to educate and promote the sport, ensuring its continued growth within their community. By teaching the fundamentals of the game, they aim to inspire enthusiasm and skill development among participants. The club's activities are geared towards amateur players, ensuring a level playing field for all involved. Through their initiatives, Central Minn Basketball Club Inc contributes to the enrichment of local basketball culture.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Central Minn Basketball Club Inc has demonstrated strengths in several key areas of accountability and finance, reflected in its high scores for independent board composition and the absence of material diversion of assets. Notably, the organization maintains a perfect program expense ratio of 100%, indicating that all its funding is directed towards its programs, which is a significant positive for potential donors.
However, despite these strengths, the overall rating of 73% places the organization in the Two-Star category, suggesting room for improvement. While the board is fully independent and effectively documents meeting minutes, the organization's overall financial and operational transparency could be enhanced to elevate its standing further. Prospective supporters may want to consider these factors when evaluating their potential contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Central Minn Basketball Club Inc legitimate?
Central Minn Basketball Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Minn Basketball Club 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 Central Minn Basketball Club Inc?
The Central Minn Basketball Club Inc, in its mission, focuses on teaching and advocating for amateur basketball. Their objective is to foster an environment where the sport is widely embraced and understood at an amateur level. The club's activities are geared towards promoting basketball, aiming to cultivate a passion for the sport and encourage participation among individuals. By doing so, they aim to contribute to the development of basketball skills and talents within their community.
What is the revenue of Central Minn Basketball Club Inc?
Central Minn Basketball Club Inc's revenue in 2024 was $523,163.
Who are the executives of Central Minn Basketball Club Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Central Minn Basketball Club Inc?
Central Minn Basketball Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Central Minn Basketball Club Inc
Central Minn Basketball Club Inc is dedicated to the instruction and advancement of amateur basketball. The organization's mission is centered around teaching and promoting this sport at an amateur level. By doing so, they contribute to the development of basketball skills and passion in individuals, fostering a love for the game.
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Impact
July, 2024
Central Minn Basketball Club Inc's impact is felt through its dedication to teaching and promoting amateur basketball in Sartell, MN. By offering opportunities for individuals to participate in recreational basketball activities and develop their skills, the club contributes to the overall well-being of the local community by promoting physical fitness, teamwork, and sportsmanship. It serves as a platform for aspiring basketball players to hone their talents and foster a love for the game, ultimately enhancing the quality of sports engagement in the area.
This information is meant to be a general summary of Central Minn Basketball Club 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: $457
- Program Service Revenue: $522,706
- Gross Receipts: $523,163
Assets and Liabilities:
- Total Assets: $102,107
- Total Liabilities: $0
- Net Assets: $102,107
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME
Revenue
$522,706
Organization Details
Principal Officer
Corey Nellis
NTEE Category
Code: N62 - Recreation
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