Overview
What is Central City Boxing & Barbell Inc?
Central City Boxing & Barbell Inc, based in Springfield, Massachusetts, is a nonprofit organization that provides structured programs of boxing and weight training for at-risk youth. The organization covers the costs of training and event fees for these young individuals, aiming to offer them opportunities for personal growth and development. The mission of Central City Boxing & Barbell Inc is deeply rooted in creating a supportive environment where young people can learn discipline, resilience, and teamwork through the sport of boxing. This nonprofit contributes positively to the community by providing essential resources and fostering a sense of belonging for its participants.
Official website here: www.centralcitygym.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Central City Boxing & Barbell Inc shows a commendable commitment to financial health and program expenses, with an 86.30% program expense ratio indicating that a significant portion of their funding is directed towards their programs. The organization also boasts excellent governance metrics, including a fully independent board and no reported material diversion of assets.
However, the organization faces notable governance challenges, as it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which received low scores. Additionally, the absence of publicly available board meeting minutes and the nonprofit's tax forms on its website raises concerns about transparency. These limitations contribute to the overall Two-Star rating, suggesting that while the organization performs well in certain areas, improvements in governance and transparency are necessary.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Central City Boxing & Barbell Inc?
84% of the 11 reviewers on Facebook recommend Central City Boxing & Barbell Inc. Here is a summary of their reviews:
Many patrons appreciate the positive impact that Central City Boxing & Barbell has on youth and the community. One reviewer fondly recalls how similar programs in their past offered guidance away from trouble, highlighting the nonprofit's potential to inspire young boxers and promote personal growth. The sentiments suggest that the organization effectively carries on this legacy under the leadership of Dean, who is viewed as a dedicated and classy individual.
Overall, the organization appears to be making a meaningful difference in the lives of its participants, with supporters expressing pride in its mission and accomplishments. The community sentiment reflects a respect for the work being done to foster skills, discipline, and a sense of belonging among those involved.
This AI summary has been generated from reviews found on Facebook.
Is Central City Boxing & Barbell Inc legitimate?
Central City Boxing & Barbell Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central City Boxing & Barbell 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
Official website here: www.centralcitygym.com
What is the mission statement of Central City Boxing & Barbell Inc?
Central City Boxing & Barbell Inc's mission is centered around providing opportunities for at-risk youth. They accomplish this through structured programs that incorporate both boxing and weight training. By sponsoring youth boxers, they cover their training costs and event fees, thereby offering these young individuals a chance to participate and grow within this context. The organization's activities aim to empower and support these at-risk youth, fostering personal growth and development.
Official website here: www.centralcitygym.com
Who is the CEO of Central City Boxing & Barbell Inc?
Dean Fay is the President of Central City Boxing & Barbell Inc.
Official website here: www.centralcitygym.com
What is the revenue of Central City Boxing & Barbell Inc?
Central City Boxing & Barbell Inc's revenue in 2022 was $1,195,052.
Official website here: www.centralcitygym.com
Who are the executives of Central City Boxing & Barbell Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.centralcitygym.com
Where can I find the form 990 for Central City Boxing & Barbell Inc?
Central City Boxing & Barbell Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centralcitygym.com
Learn more at the official website: www.centralcitygym.com
Mission Statement of Central City Boxing & Barbell Inc
Central City Boxing & Barbell Inc is committed to creating opportunities for at-risk youth by providing structured programs in boxing and weight training. This nonprofit organization's mission is to empower these young individuals, offering sponsorships to cover their training costs and event fees. By engaging in these activities, the youth can develop discipline, confidence, and resilience, providing them with valuable tools for overcoming challenges in their lives.
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Impact
July, 2024
Central City Boxing & Barbell Inc's impact is significant in providing opportunities for at-risk youth through structured programs of boxing and weight training. By sponsoring youth boxers' training costs and event fees, the organization is not only helping these young individuals develop physically but also instilling discipline, focus, and determination. Through their mission to create opportunities for at-risk youth, Central City Boxing & Barbell Inc is making a positive impact in Springfield, MA, by offering a productive and constructive outlet for young individuals facing adversity. Their focus on education, discipline, and fitness is shaping the lives of these youth and empowering them to overcome challenges and reach their potential.
This information is meant to be a general summary of Central City Boxing & Barbell 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: $121,603
- Program Service Revenue: $41,758
- Gross Receipts: $1,427,982
Assets and Liabilities:
- Total Assets: $1,264,251
- Total Liabilities: $284,989
- Net Assets: $979,262
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT PROCEEDS
Revenue
$41,758
Organization Details
Founding Year
2014
Phone
(413) 348-9092Principal Officer
Dean Fay
Main Address
355 BERKSHIRE AVENUE, SPRINGFIELD, MA, 01109
Website
www.centralcitygym.comNTEE Category
Code: B82 - Education
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