Overview
What is The Banner Lake Club Inc?
The Banner Lake Club Inc, situated in Hobe Sound, Florida, is a nonprofit organization dedicated to improving the lives of its local residents, particularly those in the Banner Lake community, who may require financial, social, or educational assistance. One of their main initiatives is BLAST (Banner Lake After School Time), an after-school and summer program for children aged 5 to 18. This program focuses on nurturing academic growth, promoting physical fitness through sports like soccer, golf, and tennis, offering tutoring and gardening workshops, encouraging artistic expression, and addressing behavioral needs. Moreover, the teen program includes a standalone teen center. By providing these opportunities, The Banner Lake Club Inc aims to enhance the overall quality of life in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Banner Lake Club Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 95% in this category, showcasing effective governance and transparent financial practices. Key strengths include a fully independent board and no reported material diversion of assets, indicating a commitment to integrity.
The organization excels in maintaining high standards for financial oversight, with an audit and oversight committee that received top marks. Other notable practices include comprehensive policies on conflict of interest and document retention, as well as the distribution of tax forms to board members prior to filing. These factors contribute to an overall strong organizational framework.
While the program expense ratio is commendable at nearly 90%, indicating a significant portion of funds directed towards its programs, the fundraising efficiency ratio reflects an area for improvement. Despite this, the overall financial health appears robust with a favorable working capital ratio, ensuring sustainability for future initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Banner Lake Club Inc legitimate?
The Banner Lake Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Banner Lake 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: $65,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $724,249
For more financial information, click here
What is the mission statement of The Banner Lake Club Inc?
The Banner Lake Club Inc's mission is centered around enhancing the quality of life for individuals residing in the community, with a particular focus on those who require financial, social, and educational support. Their mission is to be proactive in addressing these needs, striving to improve living conditions for these individuals.
One of their initiatives is BLAST (Banner Lake After School Time), an after-school and summer program catering to children aged 5 to 18. This program encompasses various aspects, including academics, physical fitness and sports, tutoring, gardening and nutrition, arts, behavior modification, and a teen program featuring a separate teen center.
Who is the CEO of The Banner Lake Club Inc?
Wendy Reynoso is the President of The Banner Lake Club Inc. The CEO's salary of The Banner Lake Club Inc is $65,850 and their total compensation is $65,850.
What is the revenue of The Banner Lake Club Inc?
The Banner Lake Club Inc's revenue in 2022 was $1,988,225.
Who are the executives of The Banner Lake Club Inc and what are their salaries?
The average compensation at The Banner Lake Club Inc during 2022 was $18,374. There are 43 employees and 60 volunteers at The Banner Lake Club Inc.
Here are 15 key members and their salaries (The Banner Lake Club Inc's CEO's salary is $65,850 and their total compensation is $65,850):
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Where can I find the form 990 for The Banner Lake Club Inc?
The Banner Lake Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Banner Lake Club Inc
The Banner Lake Club Inc, a nonprofit organization, is committed to enhancing the lives of Hobe Sound residents, with a particular focus on those residing in the Banner Lake community who may require financial, social, and educational support. Their mission is to improve the overall quality of life for this community by providing essential resources and opportunities.
The Banner Lake Club Inc embodies this mission through various initiatives, one of which is BLAST (Banner Lake After School Time). This program caters to children aged 5 to 18, offering a comprehensive approach to their development. The curriculum includes academic support, physical fitness activities such as soccer, golf, tennis, and PE, tutoring, gardening, and nutrition classes, artistic pursuits, behavioral modification programs, and a teen program with its own dedicated teen center. This multifaceted approach aims to enrich the lives of the children in the community, addressing their educational, physical, and social needs.
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Impact
July, 2024
The Banner Lake Club Inc positively impacts the Hobe Sound community, particularly the residents in the Banner Lake neighborhood, by providing essential support and opportunities for children and teenagers. Through programs like BLAST (Banner Lake After School Time), which offers a wide range of activities including academics, physical fitness, tutoring, gardening, nutrition, arts, and behavior modification, the organization helps enhance the quality of life for these individuals. Additionally, the presence of a dedicated teen center demonstrates a commitment to serving the needs of older youth in the community. Overall, The Banner Lake Club Inc plays a crucial role in fostering youth development and creating a supportive environment for the residents of Hobe Sound.
This information is meant to be a general summary of The Banner Lake 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 2022.
- Investment Income: $196,728
- Gross Receipts: $3,075,732
Assets and Liabilities:
- Total Assets: $9,245,707
- Total Liabilities: $14,944
- Net Assets: $9,230,763
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Organization Details
Founding Year
1977
Phone
(772) 402-5167Principal Officer
Wendy Reynoso
Main Address
PO BOX 1875, HOBE SOUND, FL, 33475
NTEE Category
Code: O50 - Youth development
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