Overview
What is Smithfield Recreation Association Inc?
Smithfield Recreation Association Inc is a nonprofit organization dedicated to offering athletic opportunities for youth. Functioning as an amateur sports club and league, their mission is to facilitate various athletic activities. Based on the provided information, they operate as a sports-focused organization, providing a platform for young individuals to engage in competitive and recreational athletics. The Smithfield Recreation Association is committed to fostering a sense of community and sportsmanship among its youth members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
The Smithfield Recreation Association Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement with an overall score of 70%. The organization demonstrates strong accountability and finance practices, notably maintaining 100% independent board members and no material diversion of assets. Its program expense ratio is also impressive at 99.21%, suggesting that a significant portion of funds are directed towards its programs.
However, there are several areas where the organization falls short, particularly regarding policy documentation. A whistleblower policy and a document retention and destruction policy are both missing, which may raise concerns about transparency and governance. While the organization has documented board meeting minutes and its tax form is publicly available, these gaps in policy could undermine trust among stakeholders.
Overall, while the Smithfield Recreation Association Inc shows strengths in board independence and financial management, the lack of critical governance policies indicates a need for improvement to enhance its overall accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Smithfield Recreation Association Inc legitimate?
Smithfield Recreation Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smithfield Recreation Association 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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What is the mission statement of Smithfield Recreation Association Inc?
The Smithfield Recreation Association Inc, functioning as an amateur sports club and league, is committed to providing athletic activities for youth. Its mission is centered around offering athletic opportunities to the youth, aiming to foster their engagement in sports and physical activities. The association serves as a platform for young individuals to participate in various athletic events, thereby promoting a healthy and active lifestyle.
Who is the CEO of Smithfield Recreation Association Inc?
Corey Hearn is the President, Director of Smithfield Recreation Association Inc.
What is the revenue of Smithfield Recreation Association Inc?
Smithfield Recreation Association Inc's revenue in 2022 was $167,744.
Who are the executives of Smithfield Recreation Association Inc and what are their salaries?
There 40 volunteers at Smithfield Recreation Association Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Smithfield Recreation Association Inc?
Smithfield Recreation Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Smithfield Recreation Association Inc
The Smithfield Recreation Association, a nonprofit organization, is dedicated to providing athletic activities for the youth. This mission is carried out through operating as an amateur sports club and league. The association aims to offer various athletic opportunities, fostering the development and enjoyment of sports among young individuals. By doing so, it contributes to their overall growth and well-being.
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Impact
October, 2024
Smithfield Recreation Association Inc significantly enhances the community by offering a range of athletic activities specifically designed for youth. By providing organized sports programs, it encourages physical fitness, teamwork, and personal development among young participants. The association fosters a sense of community and belonging, allowing children to build friendships and engage in healthy competition.
Through its operations as an amateur sports club and league, the organization creates structured environments where youth can learn valuable life skills, including discipline, leadership, and perseverance. This focus on athleticism not only promotes physical health but also contributes to mental well-being, helping participants develop confidence and resilience. Overall, Smithfield Recreation Association Inc plays a crucial role in shaping the lives of youth in Smithfield, VA, by nurturing their athletic talents and empowering them to become active, engaged members of their community.
This information is meant to be a general summary of Smithfield Recreation Association 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.
- Program Service Revenue: $102,990
- Gross Receipts: $194,149
Assets and Liabilities:
- Total Assets: $203,078
- Total Liabilities: $180,000
- Net Assets: $23,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership/registration fees
Revenue
$102,990
Organization Details
Founding Year
1968
Phone
(757) 365-0200Principal Officer
Corey Hearn
Main Address
P O Box 23, Smithfield, VA, 23431
NTEE Category
Code: N60 - Recreation
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