Overview
What is Bismarck Figure Skating Club Inc?
Bismarck Figure Skating Club Inc is a nonprofit organization that primarily focuses on educating young individuals in the art of figure skating. By providing comprehensive support, they cover additional expenses related to competing at a high level, such as competition fees, travel expenses, and judge costs. Furthermore, they cater to the essential clothing needs for skating performances and competitions by covering uniform expenses. The organization's mission extends beyond teaching figure skating, aiming to ensure that every talented youth has the opportunity to excel in this sport.
Official website here: www.bismarckfigureskatingclub.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement). The Bismarck Figure Skating Club Inc received an overall score of 69%, indicating significant areas for improvement in its accountability and financial practices. The rating reflects a commitment to transparency in certain areas such as board independence and program expenses, but critical weaknesses in financial reporting and governance policies.
The organization demonstrates a high program expense ratio at 95.09%, suggesting that a substantial portion of its resources is directed towards its mission-related activities. Additionally, it scores well on board independence, with all members being independent, which is a positive aspect of its governance structure. However, the nonprofit faces challenges in financial accountability, evidenced by a score of 0 in multiple financial policy areas including conflict of interest and whistleblower policies.
Limitations highlighted in the evaluation include a lack of comprehensive financial statements and a need for improved governance policies, which may raise concerns among stakeholders regarding the proper handling of the organization’s finances. Overall, while the Bismarck Figure Skating Club shows promise in program effectiveness, addressing the noted deficiencies in governance and financial reporting is essential for future improvement and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Bismarck Figure Skating Club Inc legitimate?
Bismarck Figure Skating Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bismarck Figure Skating 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: $153,637
For more financial information, click here
Official website here: www.bismarckfigureskatingclub.com
What is the mission statement of Bismarck Figure Skating Club Inc?
The Bismarck Figure Skating Club Inc's mission is centered around teaching figure skating to young individuals. Beyond just instruction, the club also aims to cover various expenses related to excelling in the sport. These expenses include competition fees, travel costs, judge expenses, and the necessary clothing for skating performances and competitions through uniform expenses. In essence, the club is committed to fostering the growth of young figure skaters, providing them with the necessary resources to excel in their sport.
Official website here: www.bismarckfigureskatingclub.com
Who is the CEO of Bismarck Figure Skating Club Inc?
Missy Seifert is the Director At of Bismarck Figure Skating Club Inc.
Official website here: www.bismarckfigureskatingclub.com
What is the revenue of Bismarck Figure Skating Club Inc?
Bismarck Figure Skating Club Inc's revenue in 2023 was $739,360.
Official website here: www.bismarckfigureskatingclub.com
Who are the executives of Bismarck Figure Skating Club Inc and what are their salaries?
The average compensation at Bismarck Figure Skating Club Inc during 2023 was $5,690. There are 27 employees at Bismarck Figure Skating Club Inc.
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Official website here: www.bismarckfigureskatingclub.com
Where can I find the form 990 for Bismarck Figure Skating Club Inc?
Bismarck Figure Skating Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bismarckfigureskatingclub.com
Learn more at the official website: www.bismarckfigureskatingclub.com
Mission Statement of Bismarck Figure Skating Club Inc
Bismarck Figure Skating Club, a nonprofit organization, is dedicated to educating young individuals in the art of figure skating. Beyond just teaching the basics, the club goes the extra mile to cover various expenses related to excelling in this sport. These expenses include competition fees, travel costs, and judge charges. Furthermore, the club also takes care of the necessary clothing for skating performances and competitions by catering to uniform expenses. In essence, Bismarck Figure Skating Club aims to nurture young figure skaters, providing them with the necessary means to excel in their chosen sport.
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Impact
July, 2024
The Bismarck Figure Skating Club Inc is making a significant impact by teaching youth how to figure skate while also covering various expenses related to excelling in the sport. This includes competition fees, travel expenses, judge costs, and uniform expenses for skating performances and competitions. Through these efforts, the club is not only promoting the physical activity of figure skating but also providing support for young athletes to pursue their passion and potential in the sport.
This information is meant to be a general summary of Bismarck Figure Skating 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: $25
- Program Service Revenue: $444,849
- Gross Receipts: $794,135
Assets and Liabilities:
- Total Assets: $291,560
- Total Liabilities: $20,856
- Net Assets: $270,704
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$444,391
MISCELLANEOUS
Revenue
$458
Organization Details
Principal Officer
Missy Seifert
Main Address
PO BOX 7372, BISMARCK, ND, 58507
NTEE Category
Code: N68Z - Recreation
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