Overview
What is Vaisakhi 5K Inc?
Vaisakhi 5K Inc is a nonprofit organization situated in Jamaica, New York, specifically at 168 29c Hillside Avenue. Their primary focus lies in the realm of recreational activities, athletics, and fitness awareness, aiming to promote health and fitness. The organization has been operating and incurring expenses in the usual course of business. Although the information provided is limited, it suggests that Vaisakhi 5K Inc may be involved in organizing events or initiatives related to sports and fitness. However, without more detailed information, it is challenging to specify their exact activities or the impact they have in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
Vaisakhi 5K Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization shows some strengths, there are significant areas needing attention. The organization has a solid program expense ratio of 91.85%, demonstrating a strong commitment to directing funds towards its programs. It also boasts a fully independent board, which is a positive indicator for governance.
However, the nonprofit faces critical deficiencies in several governance and transparency areas. Notably, it lacks essential policies such as conflict of interest, whistleblower, and document retention policies. Furthermore, it has failed to provide basic transparency measures, including a missing website on its tax form and the absence of board meeting minutes. These shortcomings contribute to its overall rating of 'Needs Improvement.'
To enhance its accountability and trustworthiness, Vaisakhi 5K Inc will need to address these governance issues and improve its transparency to better inform stakeholders about its operations and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Vaisakhi 5K Inc legitimate?
Vaisakhi 5K Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vaisakhi 5K 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Vaisakhi 5K Inc?
Vaisakhi 5K Inc's mission is centered around promoting recreational activities, athletics, and fostering awareness about fitness. Their primary objective is to encourage an active lifestyle and enhance public understanding of the importance of physical fitness. The organization's activities are geared towards engaging individuals in various recreational and athletic pursuits, thereby promoting a healthier and more active society. Their mission does not specifically focus on research or advocacy, but rather on encouraging participation in recreational activities and raising awareness about fitness.
Who is the CEO of Vaisakhi 5K Inc?
Dr Tinna is the President of Vaisakhi 5K Inc.
What is the revenue of Vaisakhi 5K Inc?
Vaisakhi 5K Inc's revenue in 2022 was $9,171.
Who are the executives of Vaisakhi 5K Inc and what are their salaries?
There 25 volunteers at Vaisakhi 5K Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Vaisakhi 5K Inc?
Vaisakhi 5K Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vaisakhi 5K Inc
Vaisakhi 5K Inc is dedicated to promoting recreational activities, athletics, and fostering an awareness of fitness. Their mission, as stated, revolves around these three facets, aiming to make a significant impact in this area. Through their activities, they strive to engage individuals in physical pursuits and encourage a proactive approach towards maintaining fitness. The organization's mission reflects a commitment to fostering a healthier and more active community, thereby contributing positively to the overall well-being of its participants.
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Impact
August, 2024
Vaisakhi 5K Inc has made a significant impact by promoting recreational activities, athletics, and fitness awareness in the community. Through their mission to encourage healthy lifestyles and physical activity, they have inspired individuals to participate in events that prioritize health and well-being. Their efforts have not only brought people together for exercise and fun but have also raised awareness about the importance of fitness in maintaining a balanced and active lifestyle. Overall, Vaisakhi 5K Inc has actively contributed to the promotion of recreation and fitness in the Jamaica, NY area.
This information is meant to be a general summary of Vaisakhi 5K 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.
- Gross Receipts: $9,171
Assets and Liabilities:
- Total Assets: $8,482
- Total Liabilities: $0
- Net Assets: $8,482
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Organization Details
Founding Year
2014
Phone
(917) 373-1234Principal Officer
Dr Tinna
Main Address
168 29c HILLSIDE AVENUE, JAMAICA, NY, 11432
NTEE Category
Code: N99 - Recreation
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