Overview
What is Laser Class Association Inc?
Laser Class Association Inc, based in Austin, Texas, is a nonprofit organization dedicated to promoting and managing sailing competitions on an international scale. They have a strong focus on organizing and executing world championship events, catering to over 425 athletes hailing from over 110 countries. These competitions serve as qualifiers for the Olympic Games, providing equal opportunities for athletes through custom-built web applications. The association also arranges for volunteer race officials, judges, and measurers to support these events, ensuring their successful conduct. Their mission is to foster national and international amateur athletic competition in the sport of sailing, particularly for the Laser class sailboats, while preserving their distinctive one-design nature.
Official website here: www.laserinternational.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Laser Class Association Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization has an overall score of 73%, with notable strengths including a fully independent board and no material diversion of assets. Additionally, the program expense ratio is commendable at 76.20%, suggesting that a substantial portion of its funds is directed towards its programs.
However, the organization faces significant challenges, particularly with its missing policies on whistleblower protection and document retention. These shortcomings can raise concerns about the organization's governance and transparency. While the board's independence and financial health are positive aspects, these procedural gaps highlight areas that require immediate attention to enhance trust and accountability.
Overall, while the Laser Class Association Inc demonstrates a solid financial framework and operational focus, it must address its governance policies to improve its rating and ensure better practices moving forward. Ensuring these policies are in place would contribute to a more transparent and accountable organizational structure.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Laser Class Association Inc?
94% of 37 reviewers on Facebook recommend the Laser Class Association Inc. Here is a summary of their reviews:
The feedback highlights a strong endorsement for the organization, particularly in relation to events like the New Zealand ILCA National Championships. Users appreciate the opportunity to participate in organized sailing competitions and find the event details and stream information helpful for engagement. The association evidently brings together the sailing community effectively, fostering enthusiasm for sailing events.
Overall, the sentiment towards Laser Class Association Inc is overwhelmingly positive. Participants feel supported and informed, reflecting satisfaction with the events organized and the community atmosphere cultivated by the nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Laser Class Association Inc legitimate?
Laser Class Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laser Class Association 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:
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For more financial information, click here
Official website here: www.laserinternational.org
What is the mission statement of Laser Class Association Inc?
The Laser Class Association Inc is dedicated to promoting national and international amateur athletic competition in the sport of sailing, specifically focusing on Laser class sailboats. This includes organizing and hosting both national and international sports competitions for Olympic athletes and individuals aiming to qualify for the Olympic Games. The association also works to preserve the "one-design" nature of the Laser class sailboat and encourages communication among its members.
Official website here: www.laserinternational.org
Who is the CEO of Laser Class Association Inc?
Eric Faust is the President of Laser Class Association Inc.
Official website here: www.laserinternational.org
What is the revenue of Laser Class Association Inc?
Laser Class Association Inc's revenue in 2022 was $2,085,191.
Official website here: www.laserinternational.org
Who are the executives of Laser Class Association Inc and what are their salaries?
There 500 volunteers at Laser Class Association Inc.
Here are 11 key members and their salaries:
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Official website here: www.laserinternational.org
Where can I find the form 990 for Laser Class Association Inc?
Laser Class Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laserinternational.org
Learn more at the official website: www.laserinternational.org
Mission Statement of Laser Class Association Inc
The Laser Class Association Inc, in its mission, focuses on fostering national and international competitive spirit in the sport of sailing, specifically for the Laser class sailboats. This nonprofit organization plays a pivotal role in organizing and conducting national and international sports competitions, providing opportunities for Olympic athletes and those striving to qualify for the Olympic Games. Beyond the sporting aspect, Laser Class Association Inc ensures the preservation of the 'one-design' nature of the Laser class sailboat, maintaining uniformity in its design. Furthermore, the organization encourages communication among its members, promoting a sense of community within the Laser class sailing community.
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Impact
July, 2024
The Laser Class Association Inc plays a significant role in fostering national and international amateur athletic competition in the sport of sailing, particularly for those competing in Laser class sailboats. By organizing and managing world championship sailing competitions, including Olympic qualification events, the association provides a platform for athletes from around the world to showcase their skills and qualify for the prestigious Olympic Games. With a commitment to uphold the "one-design" nature of the Laser class sailboat, the association promotes fair competition and communication among its members. Through its efforts, the Laser Class Association Inc not only supports the growth of sailing as a recreational activity but also contributes to the development of top-tier athletes on the international stage.
This information is meant to be a general summary of Laser Class Association 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: $1,560
- Program Service Revenue: $1,787,517
- Gross Receipts: $2,120,326
Assets and Liabilities:
- Total Assets: $1,638,931
- Total Liabilities: $598,757
- Net Assets: $1,040,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Organization and Management of Sailing Competitions
Revenue
$1,384,545
Equipment Certification
Revenue
$402,972
Media and Publications
Organization Details
Founding Year
2013
Phone
(512) 270-6727Principal Officer
Eric Faust
Main Address
PO Box 49250, Austin, TX, 78765
Website
www.laserinternational.orgNTEE Category
Code: N67 - Recreation
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