Overview
What is Clt-One Inc?
Clt-One Inc, a nonprofit organization, is dedicated to fostering the growth of amateur basketball teams, players, and volunteers. They accomplish this through their Boys & Girls Basketball Amateur Athletic Union (AAU) Team Youth Sports Program. Typically, they maintain around 20-30 active teams, involving approximately 200-250 participants annually. Despite these numbers, the ongoing COVID-19 restrictions have significantly limited their activities. Regrettably, no activities are planned for 2022. Clt-One Inc's mission emphasizes the holistic development of its members, focusing on their physical, mental, and moral well-being.
Official website here: www.clt-one.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Clt-One Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns in its accountability and finance practices. The organization achieved a score of 58%, primarily reflecting issues in governance and transparency. While it does excel in certain areas, such as having a fully independent board and a high program expense ratio, it faces serious limitations due to missing policies and information on its website.
Strengths of Clt-One Inc include a 96.22% program expense ratio, suggesting that a large portion of its funds is allocated directly to its programs. Additionally, the organization has demonstrated good governance with an entirely independent board and has documented board meeting minutes. However, the organization's financial health raises red flags, particularly with a liabilities to assets ratio of 181.53%, indicating potential financial instability.
On the other hand, the absence of essential policies like a conflict of interest policy, a whistleblower policy, and a documented retention and destruction policy, along with missing website disclosures, contributes to its low accountability score. These factors collectively hinder Clt-One Inc's rating and suggest a need for improvement in governance practices to enhance transparency and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Clt-One Inc legitimate?
Clt-One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clt-One Inc submitted a form 990EZ, 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.
Official website here: www.clt-one.com
What is the mission statement of Clt-One Inc?
Clt-One Inc's mission is centered around fostering the physical, mental, and ethical growth of young amateur basketball players and their supporting volunteers. They achieve this through their Boys & Girls Basketball Amateur Athletic Union (AAU) Team Youth Sports Program. Typically, they manage between 20 to 30 active teams, engaging approximately 200 to 250 players annually. Due to COVID-related restrictions, their activities have been significantly limited. Regrettably, there will be no activities planned for 2022.
Official website here: www.clt-one.com
Who is the CEO of Clt-One Inc?
Rico Grier is the President of Clt-One Inc.
Official website here: www.clt-one.com
What is the revenue of Clt-One Inc?
Clt-One Inc's revenue in 2022 was $0.
Official website here: www.clt-one.com
Who are the executives of Clt-One Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.clt-one.com
Where can I find the form 990EZ for Clt-One Inc?
Clt-One Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.clt-one.com
Learn more at the official website: www.clt-one.com
Mission Statement of Clt-One Inc
Clt-One Inc, a nonprofit organization, is dedicated to fostering the overall growth and development of amateur basketball teams, players, and volunteers. Their primary focus lies in nurturing the physical, mental, and moral aspects of these individuals through their Boys & Girls Basketball Amateur Athletic Union (AAU) Team Youth Sports Program. With about 20-30 active teams and around 200-250 players annually, Clt-One Inc plays a significant role in the basketball community. However, due to COVID-19 restrictions, their activities are currently limited, and there will be no activity scheduled for 2022. Despite these setbacks, Clt-One Inc continues to prioritize the well-being and development of its youth participants, aiming to create a supportive environment where they can grow both on and off the court.
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Impact
October, 2024
Clt-One Inc significantly impacts the local community by focusing on the holistic development of amateur basketball players and volunteers. Through its Boys & Girls Basketball Amateur Athletic Union (AAU) Team Youth Sports Program, Clt-One enhances the physical, mental, and moral growth of young athletes. With 20-30 active teams comprised of approximately 200-250 players annually, the organization not only fosters athletic skills but also cultivates teamwork, discipline, and resilience among youth.
Despite challenges posed by COVID-19, the commitment to youth sports remains a priority, aiming to provide a structured and supportive environment for participants. By emphasizing the importance of sportsmanship and community engagement, Clt-One plays a vital role in shaping the character and future of young individuals in Charlotte, NC, promoting a culture of health and active living.
This information is meant to be a general summary of Clt-One 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Phone
(704) 614-9073Principal Officer
Rico Grier
Main Address
11212 DEER STAND CR, CHARLOTTE, NC, 28214
Website
www.clt-one.comNTEE Category
Code: N62 - Recreation
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