Overview
What is Rum River Bmx Association?
The Rum River Bmx Association, located at 101 Isanti Parkway NW, Isanti, Minnesota 55040, is a nonprofit organization that serves both youth and adults. Their primary mission is to provide an educational and competitive program for individuals who uphold good values and prioritize family preparation. The association's activities are centered around promoting a supportive environment for personal growth and skill development in BMX racing. While specific details about their reach, research, or funded initiatives were not provided, the Rum River Bmx Association appears to be committed to fostering a positive and inclusive community for BMX enthusiasts.
Official website here: www.rumriverbmx.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating.
The Rum River BMX Association has earned a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. While the organization demonstrates strong governance with 100% independent board members and a favorable liabilities to assets ratio of 0.00%, it faces significant challenges in transparency and documentation. The absence of financial statements and key policies, such as conflict of interest and whistleblower policies, has negatively impacted its overall score.
Strengths of the organization include a high program expense ratio of 97.82%, indicating that the majority of its funds are directed towards its mission rather than administrative costs. Additionally, the board's independence and the maintenance of meeting minutes are positive aspects that reflect good governance practices. However, the lack of comprehensive financial documentation and essential policies raises concerns about its operational transparency and adherence to best practices.
Overall, while Rum River BMX Association shows potential through its strong programmatic spending and independent governance, it must address its shortcomings in financial reporting and policy implementation to enhance its credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Rum River Bmx Association legitimate?
Rum River Bmx Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rum River Bmx Association 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rumriverbmx.com
What is the mission statement of Rum River Bmx Association?
The Rum River BMX Association's mission involves engaging both youth and adults in an educational and competitive program. This organization welcomes individuals who uphold good values and are committed to family preparation. Their goal is to provide a platform where these individuals can learn and compete, fostering personal growth and strengthening family bonds.
Official website here: www.rumriverbmx.com
Who is the CEO of Rum River Bmx Association?
Jay Bossen is the President of Rum River Bmx Association.
Official website here: www.rumriverbmx.com
What is the revenue of Rum River Bmx Association?
Rum River Bmx Association's revenue in 2022 was $511,535.
Official website here: www.rumriverbmx.com
Who are the executives of Rum River Bmx Association and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.rumriverbmx.com
Where can I find the form 990 for Rum River Bmx Association?
Rum River Bmx Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rumriverbmx.com
Learn more at the official website: www.rumriverbmx.com
Mission Statement of Rum River Bmx Association
Rum River BMX Association, a nonprofit organization, is committed to engaging both youth and adults in an educational and competitive program. Their mission is to provide an inclusive environment where individuals with good values and family preparations can participate. The association aims to foster a sense of community and personal growth through BMX biking, emphasizing the importance of strong family values. By offering a balanced mix of education and competition, Rum River BMX Association seeks to empower its members and promote positive development.
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Impact
July, 2024
Rum River BMX Association provides a valuable platform for youth and adults to engage in educational and competitive BMX programs, instilling important values and fostering a sense of family unity. Through their activities, they offer participants the opportunity to learn new skills, build confidence, and form lasting connections with others in the community. Their impact is evident in the positive growth and development seen in the individuals who participate in their programs.
This information is meant to be a general summary of Rum River Bmx Association. 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: $444
- Program Service Revenue: $370,619
- Gross Receipts: $609,207
Assets and Liabilities:
- Total Assets: $385,385
- Total Liabilities: $0
- Net Assets: $385,385
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACE REVENUE
Revenue
$252,040
PRACTICE REVENUE
Revenue
$103,065
TRAINING CLASSES
Revenue
$15,514
Organization Details
Founding Year
2015
Principal Officer
Jay Bossen
Main Address
101 ISANTI PARKWAY NW, ISANTI, MN, 55040
Website
www.rumriverbmx.comNTEE Category
Code: N60 - Recreation
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