Overview
What is Franklin High School Athletic Boost?
Franklin High School Athletic Boost is a nonprofit organization situated in Franklin, Tennessee, specifically at 801 Hillsboro Road, 37064. Its primary mission is to provide financial assistance to the school's athletic teams and aid in fundraising for facility improvements. Additionally, the organization works towards fostering a sense of unity and encourages public interest in sports activities. Their operational expenditures include expenses like rent, food purchases, and various other expenses, totaling $529,856. The nonprofit's primary goal is to support the student athletes of Franklin High School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
Franklin High School Athletic Boost has earned a One-Star rating, indicating significant concerns regarding its accountability and financial practices. The organization has a notably low score in the accountability and finance category, reflecting a lack of independent board members and missing key governance policies, such as conflict of interest and whistleblower policies. Moreover, the nonprofit's website does not include essential documents like the tax form, which detracts from transparency.
On a positive note, Franklin High School Athletic Boost shows strong performance in its program expense ratio, which is 100%. This indicates that all its expenses are allocated towards programs, suggesting a commitment to its mission and effective use of funds in supporting athletic initiatives. Additionally, the organization has a perfect score for its liabilities to assets ratio, indicating no liabilities at this time.
However, the significant gaps in governance and transparency practices raise concerns about the overall management of the nonprofit. The absence of independent oversight and critical policy documentation may impact stakeholders' trust and the organization's long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin High School Athletic Boost legitimate?
Franklin High School Athletic Boost is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin High School Athletic Boost 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: $0
For more financial information, click here
What is the mission statement of Franklin High School Athletic Boost?
The mission of Franklin High School Athletic Boost, in its role as a fundraising entity, is to support the student athletes. This is achieved by providing supplementary financial aid for the school teams, assisting in fundraising for necessary facilities, fostering a sense of cooperation among stakeholders, and promoting sports activities to the wider public. The organization's activities also include managing expenses related to facilities, food purchases, and software, among other operational costs.
Who is the CEO of Franklin High School Athletic Boost?
Nate King is the President of Franklin High School Athletic Boost.
What is the revenue of Franklin High School Athletic Boost?
Franklin High School Athletic Boost's revenue in 2022 was $579,773.
Who are the executives of Franklin High School Athletic Boost and what are their salaries?
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
Where can I find the form 990 for Franklin High School Athletic Boost?
Franklin High School Athletic Boost's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Franklin High School Athletic Boost
The Franklin High School Athletic Boost, as a nonprofit entity, is dedicated to supporting the student athletes of Franklin High School. Its primary mission is to serve as a fundraising resource for the institution, ensuring that the school teams have the necessary financial backing. Beyond this, the Boost also focuses on assisting in the fundraising for sports facilities, fostering a sense of camaraderie among its members, and promoting the importance of sports within the community at large. The Boost's efforts extend to covering expenses such as fuel, bank fees, and software purchases, totalling over half a million dollars, to contribute to the overall success and well-being of the school's athletic programs.
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Impact
July, 2024
Franklin High School Athletic Boost facilitates supplementary financial support for the school's sports teams, assists in fundraising for facilities, promotes a spirit of cooperation, and showcases sports activities to the general public. Through their efforts, they have made a significant impact on the athletic programs at Franklin High School, providing essential resources and opportunities for student athletes to excel.
This information is meant to be a general summary of Franklin High School Athletic Boost. 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: $579,773
Assets and Liabilities:
- Total Assets: $282,632
- Total Liabilities: $0
- Net Assets: $282,632
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Organization Details
Founding Year
2014
Principal Officer
Nate King
Main Address
801 HILLSBORO RD, Franklin, TN, 37064
NTEE Category
Code: B112 - Education
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