Overview
What is Gator Boosters Inc?
Gator Boosters Inc, located in Gainesville, Florida, is a dedicated nonprofit organization with a mission to support the University of Florida Athletic Association. Their primary focus is on providing scholarships to students participating in the university's athletic programs and contributing to endowments. Additionally, they allocate funds for capital improvements to facilities utilized by University of Florida students. Gator Boosters aims to fortify the athletic program through private giving and volunteer leadership from Gators worldwide, adhering to the National Collegiate Athletic Association's rules and regulations. The organization's team consists of 14 employees.
Official website here: www.gatorboosters.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star rating)
Gator Boosters Inc has received a 72% rating, which reflects a solid performance in accountability and finance. This rating is derived solely from their financial metrics, indicating a strong emphasis on transparency and responsible financial management. The organization boasts an independent board with a high percentage of independent members and has received full points for various governance practices, including having a whistleblower policy and ensuring no loans to officers.
The nonprofit's financial metrics are notably strong, with an impressive program expense ratio of 94.34% and a fundraising efficiency ratio of $0.03, demonstrating effective use of funds towards its mission. Additionally, Gator Boosters Inc has made all required financial documents publicly accessible, which supports their commitment to transparency.
However, despite these strengths, the overall two-star rating suggests there may be room for improvement in areas that contribute to a higher rating. Stakeholders may want to monitor the organization’s future performance and initiatives to ensure they continue to uphold high standards of accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Gator Boosters Inc legitimate?
Gator Boosters Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gator Boosters 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: $521,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,112,376
For more financial information, click here
Official website here: www.gatorboosters.org
What is the mission statement of Gator Boosters Inc?
Gator Boosters Inc is a non-profit organization dedicated to strengthening the University of Florida's athletic program. It accomplishes this goal by encouraging private giving and volunteer leadership from Gators worldwide, adhering to the rules and regulations of the National Collegiate Athletic Association. The organization provides scholarships to students participating in athletic programs at the university and funds capital improvements for facilities used by these students. In the previous year, 546 student athletes and managers received scholarships from the athletic association through this organization.
Official website here: www.gatorboosters.org
What is the revenue of Gator Boosters Inc?
Gator Boosters Inc's revenue in 2024 was $52,881,320.
Official website here: www.gatorboosters.org
Who are the executives of Gator Boosters Inc and what are their salaries?
The average compensation at Gator Boosters Inc during 2024 was $102,097. There are 16 employees and 78 volunteers at Gator Boosters Inc.
Here are 84 key members and their salaries:
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Official website here: www.gatorboosters.org
Where can I find the form 990 for Gator Boosters Inc?
Gator Boosters Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.gatorboosters.org
Learn more at the official website: www.gatorboosters.org
Mission Statement of Gator Boosters Inc
Gator Boosters Inc, a prominent organization, is dedicated to strengthening the University of Florida's athletic program through private giving and volunteer leadership from Gators worldwide. The mission of this esteemed group is strictly aligned with the rules and regulations of the National Collegiate Athletic Association.
Gator Boosters Inc provides essential funds to the University of Florida Athletic Association for scholarships given to students participating in the athletic programs at the University. By doing so, they enable talented and deserving students to pursue their dreams, both academically and athletically. Additionally, the organization contributes funds for capital improvements to facilities utilized by students enrolled at the University of Florida.
The organization's efforts have had a profound impact, as evidenced by the 546 student athletes and managers who received scholarships from the Athletic Association. These scholarships not only cover the financial cost of education but also empower young athletes to excel in their chosen sports while focusing on their academic pursuits. The commitment of Gator Boosters Inc to the University of Florida's athletic program is truly commendable, and its continued support plays a vital role in the success and growth of the institution.
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Impact
October, 2024
Gator Boosters Inc has a profound impact on the University of Florida's athletic programs by providing essential funding for scholarships and capital improvements. Their efforts ensure that student-athletes can pursue their academic and athletic dreams without the burden of financial strain. In total, 546 student-athletes and managers have benefitted from scholarships, enabling them to participate actively in their sports while receiving an education.
By investing in the athletic infrastructure, Gator Boosters Inc enhances the overall experience for athletes and improves the facilities they use, contributing to the university's competitive edge in collegiate sports. The organization fosters a culture of support and engagement among alumni and community members, encouraging private giving and volunteer leadership. This collaborative effort strengthens the athletic program and reinforces a sense of pride and connection among the Gator community. Overall, Gator Boosters Inc plays a vital role in sustaining and enhancing the athletic legacy at the University of Florida.
This information is meant to be a general summary of Gator Boosters 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.
- Investment Income: $2,813,797
- Program Service Revenue: $1,843,304
- Gross Receipts: $52,891,934
Assets and Liabilities:
- Total Assets: $39,469,799
- Total Liabilities: $39,922,809
- Net Assets: -$453,010
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP SERVICES
Revenue
$1,780,554
HALL OF FAME BANQUET
Revenue
$62,750
Organization Details
Founding Year
1970
Principal Officer
Philip T Pharr
Website
www.gatorboosters.orgNTEE Category
Code: N40 - Recreation
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