Overview
What is Royals Charities Inc?
Royals Charities Inc, located in Kansas City, Missouri, serves as a charitable organization dedicated to raising funds for various initiatives within the local community. Their primary focus areas include supporting children, promoting education, enhancing youth baseball and softball facilities, and assisting the military. Through their fundraising efforts, they aim to make a positive impact in these sectors, thereby enriching the lives of those residing in the greater Kansas City area.
Official website here: www.royals.com/royalscharities
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
Royals Charities Inc has received a low rating of 52%, indicating significant concerns regarding its accountability and financial management. The organization demonstrates some strengths, such as a fully independent board and a high program expense ratio, which suggests that a large portion of its expenditures directly support its programs. However, the charity faces critical weaknesses in areas such as financial statements, transparency, and adherence to governance policies, which are reflected in its overall score.
The charity's independent board members are a positive aspect, but the size of the board raises concerns about its effectiveness and governance. Additionally, the lack of conflict of interest and whistleblower policies signifies potential vulnerabilities in ethical oversight. The financial health of the organization appears strained, with a high liabilities-to-assets ratio and low working capital ratio, which could pose challenges for sustainability and operational stability.
Overall, while Royals Charities Inc commits a significant amount to its programs, the financial and governance issues highlighted by its rating suggest potential risks that donors and stakeholders should consider carefully. Improvements in financial reporting and governance practices would be crucial for enhancing its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Royals Charities Inc legitimate?
Royals Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Royals Charities 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: $78,855
For more financial information, click here
Official website here: www.royals.com/royalscharities
What is the mission statement of Royals Charities Inc?
Royals Charities Inc, through its fundraising efforts, is committed to supporting various causes within the greater Kansas City community. Their mission encompasses three main areas: children's welfare, education, and youth baseball/softball, as well as providing assistance to the military. The organization conducts fundraising programs and projects to make a positive impact in these areas, with a particular focus on renovating youth baseball/softball fields and offering support to the military.
Official website here: www.royals.com/royalscharities
Who is the CEO of Royals Charities Inc?
John Sherman is the President of Royals Charities Inc.
Official website here: www.royals.com/royalscharities
What is the revenue of Royals Charities Inc?
Royals Charities Inc's revenue in 2022 was $4,074,358.
Official website here: www.royals.com/royalscharities
Who are the executives of Royals Charities Inc and what are their salaries?
There 4 volunteers at Royals Charities Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.royals.com/royalscharities
Where can I find the form 990 for Royals Charities Inc?
Royals Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.royals.com/royalscharities
Learn more at the official website: www.royals.com/royalscharities
Mission Statement of Royals Charities Inc
Royals Charities Inc, a nonprofit organization, is dedicated to raising funds to support various causes within the greater Kansas City community. Their mission encompasses three key areas: children, education, and military, as well as youth baseball and softball. Through their fundraising efforts, they aim to make a positive impact in these areas, providing essential support and resources where needed. They participate in numerous projects and programs, including the renovation of youth baseball and softball fields, and offer their support to military personnel and their families. Royals Charities Inc plays a vital role in contributing to the well-being of their community by addressing these important issues.
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Impact
July, 2024
Royals Charities Inc's impact is significant in the Greater Kansas City community, particularly in the areas of supporting children, education, youth baseball/softball, and the military. Through fundraising programs and projects, Royals Charities Inc contributes to the betterment of the community by providing resources for children, enhancing educational opportunities, renovating youth baseball/softball fields, and supporting military initiatives. Their efforts exemplify a commitment to philanthropy and making a positive difference in the lives of those they serve.
This information is meant to be a general summary of Royals Charities 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.
- Gross Receipts: $5,245,832
Assets and Liabilities:
- Total Assets: $1,290,695
- Total Liabilities: $883,884
- Net Assets: $406,811
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Organization Details
Founding Year
2010
Phone
(816) 921-8000Principal Officer
John Sherman
Main Address
ONE ROYAL WAY, KANSAS CITY, MO, 64129
NTEE Category
Code: T12 - Philanthropy
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