Overview
What is Zap Fitness Foundation Inc?
Zap Fitness Foundation Inc, located in Blowing Rock, North Carolina, is a nonprofit organization dedicated to fostering the growth of amateur athletes. Their primary objective is to prepare these athletes for national and international competitions, offering them complimentary resources and facilities. While competitive athletes can participate in camps free of charge, recreational athletes are required to pay a fee, which contributes to the foundation's primary mission. The foundation employs a team of nine individuals, all working towards supporting and developing the athletic skills of aspiring competitors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. The rating reflects a focus primarily on accountability and finance, indicating that while the organization has strengths in these areas, it may need improvement in other aspects of operational effectiveness. A two-star rating suggests that there are notable areas for improvement.
The Zap Fitness Foundation Inc demonstrates strong governance practices, as evidenced by having a fully independent board of directors and maintaining clear documentation of board meeting minutes. The organization excels in its financial management, maintaining a high program expense ratio of 93.69%, which indicates that a significant portion of its resources is directed towards its mission-related activities rather than administrative costs.
However, the overall rating indicates that while financial practices are solid, there may be other performance indicators or operational metrics that could be enhanced. The reliance on a single category for the overall score suggests that a broader evaluation of the organization's effectiveness might be warranted for a more comprehensive understanding of its impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Zap Fitness Foundation Inc legitimate?
Zap Fitness Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zap Fitness 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $141,019
For more financial information, click here
What is the mission statement of Zap Fitness Foundation Inc?
The Zap Fitness Foundation Inc's mission is centered around supporting and developing amateur athletes, preparing them for national and international competitions. The organization provides necessary services and facilities free of charge for these competitive athletes. Recreational athletes, however, are required to pay a fee to participate in the foundation's camps. These fees contribute to the primary purpose of the organization.
What is the revenue of Zap Fitness Foundation Inc?
Zap Fitness Foundation Inc's revenue in 2024 was $688,032.
Who are the executives of Zap Fitness Foundation Inc and what are their salaries?
The average compensation at Zap Fitness Foundation Inc during 2024 was $70,510. There are 2 employees and 1 volunteer at Zap Fitness Foundation Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Zap Fitness Foundation Inc?
Zap Fitness Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Zap Fitness Foundation Inc
Zap Fitness Foundation Inc is committed to supporting and developing amateur athletes, with the ultimate goal of preparing them for national and international competitions. The organization's primary mission is to provide resources and facilities to competitive athletes at no cost. Recreational athletes, on the other hand, are charged a fee for participating in camps, and these funds contribute to the overall mission of the foundation. In essence, Zap Fitness Foundation Inc seeks to foster the athletic potential of aspiring athletes, equipping them with the necessary skills and opportunities to excel in their respective sports on a national and international stage.
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Impact
July, 2024
Zap Fitness Foundation Inc has a significant impact on amateur athletes by providing support and development opportunities for them to compete on national and international levels. Through its services and facilities offered free of charge to competitive athletes, the organization plays a crucial role in nurturing talent and fostering a competitive spirit. Additionally, by charging fees for participation in camps for recreational athletes, Zap Fitness Foundation Inc generates resources to further support its mission of developing and promoting amateur athletes.
This information is meant to be a general summary of Zap Fitness 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 2024.
- Program Service Revenue: $197,477
- Gross Receipts: $688,032
Assets and Liabilities:
- Total Assets: $293,616
- Total Liabilities: $3,575
- Net Assets: $290,041
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAMP FEES
Revenue
$197,477
Organization Details
Founding Year
2001
Principal Officer
Franziska Rea
NTEE Category
Code: N30 - Recreation
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