Overview
What is Boys & Girls Club Of Detroit Lakes Endowment Fund Inc?
Boys & Girls Club Of Detroit Lakes Endowment Fund Inc is a 501(c)(3) nonprofit organization, headquartered in Detroit Lakes, Minnesota. The primary mission of this organization is to provide financial support to the Boys & Girls Club of Detroit Lakes Inc, another nonprofit entity. Their objective is to meet the needs and deliver essential services to this organization, thus contributing to its overall purpose and impact in the community. The Endowment Fund's activities are geared towards supporting the initiatives and programs of the Boys & Girls Club of Detroit Lakes Inc, thereby contributing to the well-being and development of its young members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Boys & Girls Club Of Detroit Lakes Endowment Fund Inc has received a low rating of 53%, indicating significant concerns regarding its accountability and finance practices. This rating is entirely based on its Accountability & Finance score, which reflects areas such as governance and transparency. The organization lacks independent board members, which raises questions about its oversight and decision-making processes.
On a positive note, the organization has demonstrated a strong commitment to its program expenses, with 93.20% of its expenditures directed towards programs. Additionally, there have been no material diversions of assets, suggesting a level of integrity in financial management. However, the absence of key policies and practices, such as a conflict of interest policy and a whistleblower policy, points to gaps in governance that could expose the organization to risks.
Overall, while the Boys & Girls Club Of Detroit Lakes Endowment Fund Inc shows effective use of its resources in delivering programs, its governance structure and lack of transparency are significant limitations that potential donors and stakeholders should consider. Addressing these issues could enhance its accountability and improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Boys & Girls Club Of Detroit Lakes Endowment Fund Inc legitimate?
Boys & Girls Club Of Detroit Lakes Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boys & Girls Club Of Detroit Lakes Endowment Fund 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Boys & Girls Club Of Detroit Lakes Endowment Fund Inc?
The Boys & Girls Club of Detroit Lakes Endowment Fund Inc's mission is centered around supporting the needs and services of the Boys & Girls Club of Detroit Lakes Inc. This organization provides financial assistance to this non-profit, 501(c)(3) entity, ensuring its continued operation and ability to serve its community. The Endowment Fund's goal is to contribute to the well-being and development of young people, aligning with the broader objectives of the Boys & Girls Club.
Who is the CEO of Boys & Girls Club Of Detroit Lakes Endowment Fund Inc?
Gary Thompson is the President of Boys & Girls Club Of Detroit Lakes Endowment Fund Inc.
What is the revenue of Boys & Girls Club Of Detroit Lakes Endowment Fund Inc?
Boys & Girls Club Of Detroit Lakes Endowment Fund Inc's revenue in 2022 was $100,721.
Who are the executives of Boys & Girls Club Of Detroit Lakes Endowment Fund Inc and what are their salaries?
There 10 volunteers at Boys & Girls Club Of Detroit Lakes Endowment Fund Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Boys & Girls Club Of Detroit Lakes Endowment Fund Inc?
Boys & Girls Club Of Detroit Lakes Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boys & Girls Club Of Detroit Lakes Endowment Fund Inc
Boys & Girls Club of Detroit Lakes Endowment Fund Inc is dedicated to supporting the needs and services of the Boys & Girls Club of Detroit Lakes Inc. This organization, functioning as an endowment fund, provides financial aid to the Boys & Girls Club of Detroit Lakes Inc, a 501(c)(3) nonprofit organization. Their mission is to contribute financially to the operations and activities of the Boys & Girls Club of Detroit Lakes Inc, thereby enabling it to continue its mission of providing a safe, engaging, and enriching environment for young people in the community. By supporting this club, Boys & Girls Club of Detroit Lakes Endowment Fund Inc aims to contribute to the overall development and well-being of these children, fostering their growth and potential.
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Impact
October, 2024
The Boys & Girls Club of Detroit Lakes Endowment Fund Inc significantly enhances the community by providing essential financial support to the Boys & Girls Club of Detroit Lakes Inc. This funding enables the organization to offer crucial services and programs that cater to the needs of local youth, fostering their development and well-being. By addressing various aspects of children's lives, such as education, recreation, and social skills, the fund not only supports individual growth but also strengthens the fabric of the Detroit Lakes community as a whole. Through its focused mission, it ensures that the club can continue to deliver vital resources and opportunities, empowering young people to thrive.
This information is meant to be a general summary of Boys & Girls Club Of Detroit Lakes Endowment Fund 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: $68,869
- Gross Receipts: $1,206,564
Assets and Liabilities:
- Total Assets: $1,373,321
- Total Liabilities: $0
- Net Assets: $1,373,321
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Organization Details
Founding Year
2000
Phone
(218) 847-9292Principal Officer
Gary Thompson
Main Address
PO BOX 83, DETROIT LAKES, MN, 56502
NTEE Category
Code: T113 - Philanthropy
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