Overview
What is Jefferson Athletic Foundation?
The Jefferson Athletic Foundation is a nonprofit organization situated in Bloomington, Minnesota. Its primary purpose is to support local sports teams by distributing funds for various expenses, such as player development, team building, recognition programs, special events, equipment purchases, uniforms, travel, general supplies, and other related expenses. This funding aims to alleviate the financial burden on the Bloomington School District in funding athletic teams and encourage greater participation from the student body. With an estimated 7,250 volunteer hours contributed annually by student athletes and over 400 volunteers, the foundation plays a significant role in the local community. The organization currently employs 19 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
The Jefferson Athletic Foundation has received a 67% rating from Charity Navigator, indicating a need for improvement in several key areas while demonstrating strengths in governance and financial management. The organization boasts a high percentage of independent board members and maintains a low material diversion of assets, which highlights a commitment to accountability.
However, significant concerns arise from the lack of financial statements and missing policies, such as those regarding conflicts of interest and whistleblower protections. These deficiencies contribute to a lower score in the Accountability & Finance category, suggesting potential risks in transparency and operational oversight.
On a positive note, the foundation shows a commendable program expense ratio of 98.72%, indicating that the vast majority of its expenses go directly toward its mission-related activities. This focus on program spending is a strong point, but the absence of essential documentation and policies could hinder donor confidence and organizational effectiveness in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Jefferson Athletic Foundation legitimate?
Jefferson Athletic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jefferson Athletic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Jefferson Athletic Foundation?
The Jefferson Athletic Foundation provides financial assistance to various sports teams, utilizing the funds for player development, team building activities, recognition programs, special events, equipment purchases, uniforms, travel expenses, and general supplies. The primary objective of this funding is to alleviate the financial burden on the Bloomington School District in supporting athletic teams and encourage wider participation from the student body. The organization's initiatives have led to significant volunteer contributions, with over 400 volunteers annually contributing more than 7,250 volunteer hours.
Who is the CEO of Jefferson Athletic Foundation?
Colleen Stocker is the Gambling Man of Jefferson Athletic Foundation.
What is the revenue of Jefferson Athletic Foundation?
Jefferson Athletic Foundation's revenue in 2022 was $773,637.
Who are the executives of Jefferson Athletic Foundation and what are their salaries?
There are 19 employees at Jefferson Athletic Foundation.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Jefferson Athletic Foundation?
Jefferson Athletic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jefferson Athletic Foundation
The Jefferson Athletic Foundation, a nonprofit organization, allocates funds to its member sports teams. This financial aid is primarily utilized for player development, team-building activities, recognition programs, special events, equipment purchases, uniforms, travel, general supplies, and other related expenses. The objective behind this funding is twofold: firstly, to alleviate the financial burden on the Bloomington School District in funding athletic teams, and secondly, to encourage increased participation from the student body. Due to the support provided by the Jefferson Athletic Foundation, student athletes and over 400 volunteers collectively contribute over 7,250 volunteer hours annually.
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Impact
July, 2024
The Jefferson Athletic Foundation's impact is significant in Bloomington, MN, as it supports member sports teams by distributing funds for player development, team building, recognition programs, special events, equipment purchases, uniforms, travel, general supplies, and other expenses. By doing so, the organization helps reduce the burden on the Bloomington School District for funding athletic programs and enables greater participation from the student body. Additionally, the foundation's efforts contribute to over 7,250 volunteer hours annually, involving student athletes and over 400 volunteers in various activities and initiatives.
This information is meant to be a general summary of Jefferson Athletic 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: $36
- Program Service Revenue: $350,937
- Gross Receipts: $6,807,614
Assets and Liabilities:
- Total Assets: $462,361
- Total Liabilities: $16,694
- Net Assets: $445,667
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GAMBLING FUND SUPPORT
Revenue
$193,580
PLAYER DEVELOPMENT
Revenue
$61,060
SEASON PASS SALES
Revenue
$29,455
CONCESSIONS REVENUE
Revenue
$25,690
BANQUET REVENUE
Revenue
$25,571
Organization Details
Founding Year
2014
Phone
(952) 220-4756Principal Officer
Colleen Stocker
Main Address
8100 PENN AVENUE SOUTH, BLOOMINGTON, MN, 55431
NTEE Category
Code: B11 - Education
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