Overview
What is Addison Community Athletics Foundation Inc?
Addison Community Athletics Foundation Inc, located in Middlebury, Vermont, is a nonprofit organization with a mission to promote athletics and healthy behaviors in the Greater Addison County region. They achieve this by offering tennis and various athletic activities at their indoor tennis facility, local schools, and community courts. The foundation aims to enhance the health and well-being of children and adults in the area. In 2022, they awarded scholarships to six students and provided complimentary services to local schools and programs to further their cause. The organization is led by a team of 17 dedicated individuals.
Official website here: www.middleburytennis.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
The Addison Community Athletics Foundation Inc has received a low overall rating of 57%, which indicates significant issues in its accountability and financial management. While the organization has strengths in governance, such as having a fully independent board and a lack of material asset diversion, it falls short in areas like financial transparency and program efficiency.
The foundation demonstrates strong adherence to governance policies, with an independent board comprising 83% of its members and various necessary policies in place, including a conflict of interest and whistleblower policy. However, it has a concerning program expense ratio of only 42.96%, suggesting that a substantial portion of its funds may not be directed towards its intended programs. Additionally, the absence of the nonprofit's tax form on its website raises transparency concerns.
Overall, while there are positive governance elements, the low score reflects significant limitations in financial accountability and programmatic effectiveness that potential donors and supporters should carefully consider.
This AI summary has been generated from information found on Charity Navigator.
Is Addison Community Athletics Foundation Inc legitimate?
Addison Community Athletics Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Addison Community Athletics Foundation 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: $42,188
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,331
For more financial information, click here
Official website here: www.middleburytennis.com
What is the mission statement of Addison Community Athletics Foundation Inc?
The Addison Community Athletics Foundation Inc is committed to promoting athletics and fostering healthy behaviors within the wider Addison County region of Vermont. They accomplish this goal by sponsoring tennis and health education programs for both youth and adults. The foundation develops and supports various initiatives, including offering athletic activities at their indoor tennis facility, local schools, and community courts. These programs aim to enhance the health and well-being of children and adults residing in the Addison County region of Vermont. In 2022, the foundation granted access to these programs for six students, providing them with $5,948 in scholarship aid, as well as offering $2,719 worth of complimentary services to local schools and programs.
Official website here: www.middleburytennis.com
Who is the CEO of Addison Community Athletics Foundation Inc?
David W Ignat is the President of Addison Community Athletics Foundation Inc.
Official website here: www.middleburytennis.com
What is the revenue of Addison Community Athletics Foundation Inc?
Addison Community Athletics Foundation Inc's revenue in 2022 was $465,438.
Official website here: www.middleburytennis.com
Who are the executives of Addison Community Athletics Foundation Inc and what are their salaries?
The average compensation at Addison Community Athletics Foundation Inc during 2022 was $11,913. There are 17 employees and 4 volunteers at Addison Community Athletics Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $23,409
- Other: $7,181
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $69,334
- Other: $23,786
- Compensation: $42,188
- Related: $0
- Other: $0
Official website here: www.middleburytennis.com
Where can I find the form 990 for Addison Community Athletics Foundation Inc?
Addison Community Athletics Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.middleburytennis.com
Learn more at the official website: www.middleburytennis.com
Mission Statement of Addison Community Athletics Foundation Inc
Addison Community Athletics Foundation Inc is committed to promoting athletics and fostering healthy behaviors within the greater Addison County region of Vermont. They achieve this by supporting tennis and various health education programs for both youth and adults. The organization's mission is to engage communities by offering tennis and athletic activities at their indoor tennis facility, local schools, and community courts. By doing so, they aim to enhance the health and well-being of children and adults residing in the greater Addison County region of Vermont. In 2022, the foundation demonstrated its commitment by granting scholarship aid to six students, totaling $5,948, allowing them to participate in these programs. Additionally, the foundation provided complimentary services worth $2,719 to local schools and programs.
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Impact
July, 2024
Addison Community Athletics Foundation Inc's impact is centered on promoting athletics and healthful behaviors throughout the greater Addison County region of Vermont. By supporting tennis and other health education programs for youth and adults, the foundation engages communities through various athletic activities at its indoor tennis facility, local schools, and community courts. Through these initiatives, the foundation aims to enhance the health and well-being of children and adults in the region. In 2022, the foundation awarded scholarship aid to six students, totaling $5,948, and provided $2,719 worth of complimentary services to local schools and programs. This direct support has helped broaden access to athletic opportunities and health education in the community, contributing to a positive impact on individuals' physical and mental well-being.
This information is meant to be a general summary of Addison Community Athletics Foundation 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.
- Investment Income: $15,315
- Program Service Revenue: $184,216
- Gross Receipts: $739,658
Assets and Liabilities:
- Total Assets: $1,611,492
- Total Liabilities: $11,049
- Net Assets: $1,600,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS
Revenue
$75,935
TEACHING/ TENNIS LESSO
Revenue
$55,924
COURT FEES
Revenue
$37,402
FACILITY OPERATION
Revenue
$14,955
Organization Details
Founding Year
2012
Phone
(802) 388-3355Principal Officer
David W Ignat
Main Address
CO VCF 3 COURT STREET, MIDDLEBURY, VT, 05753
Website
www.middleburytennis.comNTEE Category
Code: P99 - Human services
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