Overview
What is La Grange Celtics Sports Foundation?
La Grange Celtics Sports Foundation, located at 110 South Park Avenue, La Grange, Illinois 60525, is a nonprofit organization with a mission to promote, encourage, and foster the growth of athletics and social welfare within the community. They undertake various activities that align with the Illinois Not-for-Profit Corporation Act and fall under sections 501(C)(3) and 501(D) of the United States Internal Revenue Code. The foundation employs a small team of 6 individuals dedicated to this cause. Their work extends to encouraging the establishment and expansion of athletics, promoting social welfare, and undertaking additional activities that serve the community's needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%)
The La Grange Celtics Sports Foundation has received a two-star rating, indicating a need for improvement in areas of accountability and finance. While the charity boasts a strong independent board with 100% independent members and a well-structured audit process, it falls short in other critical governance practices. The absence of a whistleblower policy, document retention guidelines, and posted tax forms on its website highlight significant gaps in transparency.
On the financial side, the organization demonstrates a commendable program expense ratio of 93.73%, suggesting that a large majority of its funds are directed towards its programs. However, it also faces concerns regarding its liabilities to assets ratio, which stands at a high 93.99%. This indicates potential issues with financial stability, which could impact its long-term sustainability.
Overall, while La Grange Celtics Sports Foundation exhibits strengths in program spending and board independence, the lack of essential governance policies and financial management practices presents notable limitations that the organization must address to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is La Grange Celtics Sports Foundation legitimate?
La Grange Celtics Sports Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Grange Celtics Sports Foundation 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: $51,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $187,766
For more financial information, click here
What is the mission statement of La Grange Celtics Sports Foundation?
The La Grange Celtics Sports Foundation's mission is centered around promoting, encouraging, and fostering the growth of athletics within the community. The organization also aims to enhance social welfare. It is permitted to engage in activities that align with the Illinois Not-For-Profit Corporation Act and the sections 501(C)(3) and 501(D) of the United States Internal Revenue Code. The foundation's activities may evolve over time, adjusting to any amendments or supersession of these regulations. In essence, its purpose is to contribute positively to the athletic and social well-being of the community.
Who is the CEO of La Grange Celtics Sports Foundation?
David Rout is the President of La Grange Celtics Sports Foundation.
What is the revenue of La Grange Celtics Sports Foundation?
La Grange Celtics Sports Foundation's revenue in 2021 was $793,885.
Who are the executives of La Grange Celtics Sports Foundation and what are their salaries?
The average compensation at La Grange Celtics Sports Foundation during 2021 was $39,850. There are 6 employees and 30 volunteers at La Grange Celtics Sports Foundation.
Here are 5 key members and their salaries:
- Compensation: $54,295
- Related: $0
- Other: $0
- Compensation: $54,294
- 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 La Grange Celtics Sports Foundation?
La Grange Celtics Sports Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of La Grange Celtics Sports Foundation
The La Grange Celtics Sports Foundation is committed to promoting, encouraging, and fostering the development, establishment, and expansion of athletics within the community. Its mission extends beyond sports, also focusing on the promotion of social welfare. The organization is permitted to undertake various activities in line with the Illinois Not-for-Profit Corporation Act and the sections 501(C)(3) and 501(D) of the United States Internal Revenue Code, which may be amended or superseded over time. In essence, the La Grange Celtics Sports Foundation works towards enhancing community life through sports and social initiatives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The La Grange Celtics Sports Foundation plays a crucial role in promoting, encouraging, and fostering the development, establishment, and expansion of athletics in the community. Through its efforts, the foundation not only supports sports activities but also contributes to the promotion of social welfare. By providing opportunities for youth to engage in sports and fostering a sense of community through athletic endeavors, the La Grange Celtics Sports Foundation positively impacts the lives of individuals and contributes to the overall well-being of the community.
This information is meant to be a general summary of La Grange Celtics Sports Foundation. 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 2021.
- Program Service Revenue: $792,627
- Gross Receipts: $793,885
Assets and Liabilities:
- Total Assets: $636,058
- Total Liabilities: $565,502
- Net Assets: $70,556
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRASSHOPPER LEAGUE FEES
Revenue
$22,160
MEMBERSHIP DUES
Revenue
$770,467
Organization Details
Founding Year
2012
Phone
(773) 499-9261Principal Officer
David Rout
Main Address
110 SOUTH PARK AVENUE, LA GRANGE, IL, 60525
NTEE Category
Code: N64 - Recreation
If you are a representative of La Grange Celtics Sports Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.