Overview
What is Peconic Hockey Foundation Inc?
The Peconic Hockey Foundation Inc, based on Long Island's east end, is a nonprofit organization with a mission to broaden the accessibility of hockey. They achieve this by providing scholarships, training, and various programs. Their primary strategy involves establishing a year-round community hockey rink, which will alleviate financial burdens for families unable to cover rink access or youth hockey participation costs. In essence, Peconic Hockey Foundation aims to make the joy of hockey available to a wider audience, regardless of financial constraints.
Official website here: www.peconichockey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement), Score: 71%
The Peconic Hockey Foundation Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in certain areas. While it demonstrates strong accountability in terms of having a fully independent board and no material diversion of assets, it lacks essential policies like a whistleblower policy and document retention procedures, which detracts from its overall score.
Financially, the foundation maintains a solid program expense ratio of 72.61%, suggesting that a significant portion of its resources is directed toward its mission. Additionally, it has a favorable liabilities to assets ratio of 0.00%, indicating sound financial health. However, the absence of meeting minutes and missing policies raises concerns about transparency and governance practices.
Overall, while the Peconic Hockey Foundation Inc shows promise with its financial metrics and full independent board, the lack of critical governance policies and documentation could hinder its effectiveness and accountability, warranting attention for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Peconic Hockey Foundation Inc legitimate?
Peconic Hockey Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peconic Hockey Foundation 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.
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For more financial information, click here
Official website here: www.peconichockey.org
What is the mission statement of Peconic Hockey Foundation Inc?
The Peconic Hockey Foundation's mission is centered around expanding the popularity of hockey. They achieve this by providing scholarships, training, and various programs. Their primary objective is to establish a year-round community hockey rink on Long Island, New York. This initiative aims to alleviate financial burdens for families who find rink access or youth hockey participation expensive. The foundation's efforts are geared towards making the sport more accessible and inclusive for a wider audience.
Official website here: www.peconichockey.org
Who is the CEO of Peconic Hockey Foundation Inc?
Troy Albert is the President of Peconic Hockey Foundation Inc.
Official website here: www.peconichockey.org
What is the revenue of Peconic Hockey Foundation Inc?
Peconic Hockey Foundation Inc's revenue in 2022 was $902,010.
Official website here: www.peconichockey.org
Who are the executives of Peconic Hockey Foundation Inc and what are their salaries?
There 10 volunteers at Peconic Hockey Foundation Inc.
Here are 10 key members and their salaries:
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Official website here: www.peconichockey.org
Where can I find the form 990 for Peconic Hockey Foundation Inc?
Peconic Hockey Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.peconichockey.org
Learn more at the official website: www.peconichockey.org
Mission Statement of Peconic Hockey Foundation Inc
The Peconic Hockey Foundation, a nonprofit organization, is dedicated to extending the popularity of hockey by providing scholarships, training, and various programs. Their primary mission is to establish a year-round community hockey rink on Long Island's east end. This initiative aims to alleviate financial burdens for families who struggle with the cost of rink access and youth hockey participation. By establishing this rink, the Peconic Hockey Foundation hopes to broaden the reach of the sport and make it more accessible to a wider audience.
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Impact
July, 2024
Peconic Hockey Foundation Inc's impact lies in its commitment to growing the game of hockey through various initiatives such as scholarships, training programs, and other offerings. By focusing on expanding the reach of hockey, particularly on the east end of Long Island, NY, the foundation aims to make the sport more accessible to a wider range of individuals. Through its mission to establish a year-round community hockey rink, Peconic Hockey Foundation Inc is working to alleviate financial barriers for families who may struggle to afford rink access or youth hockey participation. In doing so, the foundation is not only promoting the sport of hockey but also fostering a more inclusive and diverse hockey community.
This information is meant to be a general summary of Peconic Hockey Foundation 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: $221
- Program Service Revenue: $172,687
- Gross Receipts: $1,018,766
Assets and Liabilities:
- Total Assets: $1,998,527
- Total Liabilities: $0
- Net Assets: $1,998,527
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOCKEY LEAGUE FEES
Revenue
$172,687
Organization Details
Founding Year
2015
Phone
(631) 287-4444Principal Officer
Troy Albert
Main Address
PO BOX 374, WADING RIVER, NY, 11792
Website
www.peconichockey.orgNTEE Category
Code: T30 - Philanthropy
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