Overview
What is Minnesota Fastpitch Academy Foundation?
The Minnesota Fastpitch Academy Foundation, established in New Brighton, Minnesota, is a nonprofit organization dedicated to instructing and organizing youth in athletics. With a workforce of 119 individuals, they provide a structured environment for young athletes, fostering teamwork and skill development. The foundation's mission encompasses guiding and preparing individuals for participation in athletic activities, ultimately contributing to their personal growth and enjoyment of sports.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48% (Zero-Star out of Four Star rating)
The Minnesota Fastpitch Academy Foundation has received a low rating of 48% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The foundation's score reflects a lack of independent board members, which suggests potential governance issues, as well as inadequate financial statement transparency. The organization has also failed to implement several essential policies, including conflict of interest and whistleblower policies.
Despite these weaknesses, the foundation does demonstrate a strong program expense ratio, indicating that it allocates a significant portion of its budget to direct program services. Additionally, the foundation has shown compliance with document retention practices and has kept board meeting minutes, which are positive signs of internal governance structure. However, the absence of critical transparency measures raises red flags for potential donors.
Overall, while the Minnesota Fastpitch Academy Foundation may be actively engaging in its mission, the substantial governance and financial reporting deficiencies highlighted by its low rating suggest that potential supporters should exercise caution and seek further information before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Fastpitch Academy Foundation legitimate?
Minnesota Fastpitch Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Fastpitch Academy 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: $321,751
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,758
For more financial information, click here
What is the mission statement of Minnesota Fastpitch Academy Foundation?
The Minnesota Fastpitch Academy Foundation's mission is centered around instructing and organizing individuals and teams for youth athletics. They strive to provide a structured environment for young athletes, fostering their growth and development in the realm of fastpitch softball. By doing so, they contribute to the overall development of these young individuals, both on and off the field.
Who is the CEO of Minnesota Fastpitch Academy Foundation?
Lisa Bernstein is the President/Ceo of Minnesota Fastpitch Academy Foundation. The CEO's salary of Minnesota Fastpitch Academy Foundation is $107,000 and their total compensation is $107,000.
What is the revenue of Minnesota Fastpitch Academy Foundation?
Minnesota Fastpitch Academy Foundation's revenue in 2022 was $849,381.
Who are the executives of Minnesota Fastpitch Academy Foundation and what are their salaries?
The average compensation at Minnesota Fastpitch Academy Foundation during 2022 was $3,618. There are 119 employees and 10 volunteers at Minnesota Fastpitch Academy Foundation.
Here are 19 key members and their salaries (Minnesota Fastpitch Academy Foundation's CEO's salary is $107,000 and their total compensation is $107,000):
- Compensation: $107,000
- Related: $0
- Other: $0
- Compensation: $9,020
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $15,555
- Related: $0
- Other: $0
- Compensation: $83,615
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $10,039
- Related: $0
- Other: $0
- Compensation: $17,778
- Related: $0
- Other: $0
- Compensation: $10,829
- Related: $0
- Other: $0
- Compensation: $24,742
- Related: $0
- Other: $0
- Compensation: $8,459
- Related: $0
- Other: $0
- Compensation: $10,134
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,675
- Related: $0
- Other: $0
- Compensation: $12,267
- Related: $0
- Other: $0
- Compensation: $10,638
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $119,000
- Related: $0
- Other: $0
Where can I find the form 990 for Minnesota Fastpitch Academy Foundation?
Minnesota Fastpitch Academy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minnesota Fastpitch Academy Foundation
The Minnesota Fastpitch Academy Foundation is dedicated to instructing and organizing individuals and teams involved in youth athletics. Their mission, in essence, is to foster a nurturing environment where young athletes can learn, grow, and thrive through team sports. The foundation plays a significant role in shaping the athletic journey of these young individuals, providing them with the necessary guidance and structure to excel in their chosen sport.
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Impact
July, 2024
Minnesota Fastpitch Academy Foundation has made a significant impact by providing instruction and organization for youth athletes in the field of fastpitch softball. Through their activities, they have helped develop young players' skills and fostered a sense of teamwork and sportsmanship. The foundation's commitment to youth athletics has contributed to the overall growth and development of young athletes in the New Brighton, MN community.
This information is meant to be a general summary of Minnesota Fastpitch Academy 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 2022.
- Investment Income: $3,425
- Program Service Revenue: $763,881
- Gross Receipts: $11,043,075
Assets and Liabilities:
- Total Assets: $330,811
- Total Liabilities: $11,379
- Net Assets: $319,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$763,881
Organization Details
Founding Year
2012
Phone
(612) 741-4097Principal Officer
Lisa Bernstein
Main Address
899 3RD STREET SW, NEW BRIGHTON, MN, 55112
NTEE Category
Code: N63 - Recreation
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