Overview
What is Lakes United Futbol Club Inc?
Lakes United Futbol Club Inc is a nonprofit organization, situated in Lindstrom, Minnesota. With a small team of just two individuals, their primary focus is on fostering the holistic growth of local youth through the engaging and empowering medium of soccer. Their mission is deeply rooted in the belief that soccer can significantly contribute to the physical, mental, and emotional development of young individuals, thereby offering them a well-rounded upbringing. The club's activities align with this goal, ensuring that they are continually promoting the sport and its benefits to the youth in their community.
Official website here: www.lakesunitedfc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Lakes United Futbol Club Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating is based entirely on the Accountability & Finance category, where the organization shows strong performance, particularly in areas like having a fully independent board and no material diversion of assets.
The club excels with a high program expense ratio of 90.30%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. However, there are notable gaps in governance policies, as the organization is missing a conflict of interest policy, a whistleblower policy, and a document retention policy, which could affect its overall accountability.
Despite these limitations, the club maintains a transparent approach by having its tax forms available on its website and documenting board meeting minutes. The absence of critical governance policies is a consideration for potential donors and stakeholders, but the club's strong financial management and effective program allocation are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Lakes United Futbol Club Inc legitimate?
Lakes United Futbol Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakes United Futbol 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: $40,935
For more financial information, click here
Official website here: www.lakesunitedfc.org
What is the mission statement of Lakes United Futbol Club Inc?
Lakes United Futbol Club Inc's mission is centered around the development of local youth. Through the sport of soccer, they aim to foster physical, mental, and emotional growth in these young individuals. The club serves as a platform to promote these aspects of a child's development, utilizing soccer as a medium. Their goal is to provide a comprehensive and holistic experience for the youth, utilizing the sport as a tool for personal growth.
Official website here: www.lakesunitedfc.org
What is the revenue of Lakes United Futbol Club Inc?
Lakes United Futbol Club Inc's revenue in 2023 was $249,905.
Official website here: www.lakesunitedfc.org
Who are the executives of Lakes United Futbol Club Inc and what are their salaries?
The average compensation at Lakes United Futbol Club Inc during 2023 was $40,935. There is 1 employee and 200 volunteers at Lakes United Futbol Club Inc.
Here are 8 key members and their salaries:
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Official website here: www.lakesunitedfc.org
Where can I find the form 990 for Lakes United Futbol Club Inc?
Lakes United Futbol Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakesunitedfc.org
Learn more at the official website: www.lakesunitedfc.org
Mission Statement of Lakes United Futbol Club Inc
Lakes United Futbol Club Inc, a nonprofit organization, is committed to fostering the holistic growth of local youth through the sport of soccer. Their mission is centered around promoting the physical, mental, and emotional development of young individuals in the area. By engaging in soccer activities, the club aims to contribute to the overall well-being of these youngsters, helping them to grow both on and off the field.
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Impact
October, 2024
Lakes United Futbol Club Inc significantly enhances the community of Lindstrom, MN, by fostering the physical, mental, and emotional development of youth through soccer. The club provides a structured environment where young athletes can build their skills, learn teamwork, and develop resilience. By engaging in soccer, participants gain vital life skills, such as discipline, communication, and leadership.
The club not only promotes physical fitness but also emphasizes mental well-being by encouraging social interactions and building friendships among team members. This holistic approach helps youth manage stress, boosts their confidence, and nurtures a sense of belonging within the community. By prioritizing the overall development of children and teens, Lakes United plays a crucial role in shaping well-rounded individuals who contribute positively to society.
This information is meant to be a general summary of Lakes United Futbol 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 2023.
- Investment Income: $4,039
- Program Service Revenue: $237,212
- Gross Receipts: $257,317
Assets and Liabilities:
- Total Assets: $230,255
- Total Liabilities: $0
- Net Assets: $230,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION
Revenue
$237,212
Organization Details
Founding Year
1996
Phone
(651) 331-0565Principal Officer
Mark Kroll
Main Address
PO BOX 701, LINDSTROM, MN, 55045
Website
www.lakesunitedfc.orgNTEE Category
Code: N64 - Recreation
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