Overview
What is The Tux Club Inc?
The Tux Club Inc, located in Norfolk, Virginia, is a nonprofit organization dedicated to enhancing the lives of disadvantaged and low-income youth. Their primary mission involves improving their quality of life through various initiatives. These endeavors primarily focus on raising funds to grant scholarships and other forms of support. By doing so, The Tux Club Inc aims to empower and uplift these youth, contributing positively to their overall development. The organization's activities can be found at their postal address in Norfolk, VA.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating)
The Tux Club Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement despite a high Accountability & Finance score of 100%. The organization demonstrates strong financial stability with a program expense ratio of 94.13%, suggesting that a significant portion of its funds is directed towards its programs. Additionally, there are no noted material diversions of assets, enhancing the trustworthiness of its financial practices.
However, the nonprofit faces several governance challenges, including a complete lack of independent board members, which can impact oversight and accountability. Furthermore, the absence of a conflict of interest policy and a whistleblower policy raises concerns regarding transparency and risk management. The organization's website is also missing from the tax form, which detracts from its accessibility for potential donors and stakeholders.
Overall, while The Tux Club Inc excels in financial management, it must address its governance shortcomings to improve its rating and enhance stakeholder confidence. Implementing the missing policies and ensuring an independent board could significantly strengthen its operations and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is The Tux Club Inc legitimate?
The Tux Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tux Club 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
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What is the mission statement of The Tux Club Inc?
The Tux Club Inc's mission is centered around enhancing the quality of life for underprivileged and low-income youth. They accomplish this by designing various activities, primarily focused on raising funds for scholarships and other beneficial programs. This non-profit organization strives to make a significant impact in the lives of these young individuals, providing them with opportunities to improve their circumstances.
Who is the CEO of The Tux Club Inc?
W Frank Clemons is the Principal Officer of The Tux Club Inc.
What is the revenue of The Tux Club Inc?
The Tux Club Inc's revenue in 2021 was $3,822.
Who are the executives of The Tux Club Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Tux Club Inc?
The Tux Club Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Tux Club Inc
The Tux Club Inc is committed to enhancing the lives of underprivileged and economically disadvantaged youth. Their mission is accomplished by designing and implementing various activities that aim to uplift these young individuals. The organization focuses on raising funds to offer scholarships and other resources, ultimately working towards improving their overall quality of life.
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Impact
August, 2024
The Tux Club Inc's impact lies in its efforts to improve the quality of life for disadvantaged and low-income youth in Norfolk, VA. Their activities and programs are designed to raise money for scholarships and provide support for those in need. Through their mission, The Tux Club Inc is making a positive difference in the lives of the local youth community, offering opportunities for a better future.
This information is meant to be a general summary of The Tux Club 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 2021.
- Program Service Revenue: $3,822
- Gross Receipts: $3,822
Assets and Liabilities:
- Total Assets: $11,564
- Total Liabilities: $0
- Net Assets: $11,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES AND ASSESSMENTS
Revenue
$3,822
Organization Details
Founding Year
1920
Phone
(757) 692-3109Principal Officer
W Frank Clemons
Main Address
P O BOX 1952, NORFOLK, VA, 23501
NTEE Category
Code: P20 - Human services
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