Overview
What is Seminole Boosters Inc?
Seminole Boosters Inc is a nonprofit organization based in Tallahassee, Florida. Its primary mission is to support the students and intercollegiate athletic programs at Florida State University. The organization's financial contributions include disbursements to Florida State University's Department of Athletics and the university itself, as well as transfers to FSU Financial Assistance. These funds enable the supplementation of athletic department salaries, student athlete scholarships, and various sport needs. Additionally, Seminole Boosters, Inc. facilitates transfers to help the University President's fundraising efforts, restricted disbursements made by individual sports, and payments of the debt service for FSU Financial Assistance. The organization had 67 employees.
Official website here: www.seminole-boosters.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Seminole Boosters Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an overall score of 96%, the organization demonstrates exceptional performance in various categories, including financial oversight and governance, highlighted by a majority independent board members and a well-functioning audit and oversight committee.
The nonprofit shows a robust financial structure, with 82.22% of its expenses directed towards programs, indicating effective use of funds. Additionally, its fundraising efficiency is notably high at $0.08, which suggests that the organization is able to generate significant programmatic impact relative to its fundraising costs. The metrics for liabilities to assets and working capital also point to a sound financial position.
While the organization has excelled in many areas, it remains essential for potential donors and stakeholders to continually monitor its operations and community impact. However, based on the available data, Seminole Boosters Inc emerges as a trustworthy and effective nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Seminole Boosters Inc legitimate?
Seminole Boosters Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seminole 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: $309,684
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,969,475
For more financial information, click here
Official website here: www.seminole-boosters.com
What is the mission statement of Seminole Boosters Inc?
Seminole Boosters Inc is a not-for-profit organization established with the goal of enhancing the educational experience and overall well-being of Florida State University (FSU) students by providing financial support for their intercollegiate athletic program. The organization aims to stimulate and promote the academic, health, and physical welfare of FSU students through monetary contributions to various aspects of the athletic department.
The organization's expenditures primarily consist of disbursements made directly to Florida State University, disbursements to the athletic department, and financial assistance transfers. These contributions help supplement athletic department salaries, pay student athlete scholarships, and support various other sport-related needs. Furthermore, the organization assists the university president in fundraising efforts and facilitates restricted disbursements made by individual sports, enabling them to achieve improved performance in each sport. Overall, Seminole Boosters Inc plays a crucial role in providing essential financial support, allowing the intercollegiate athletic program at FSU to thrive.
Official website here: www.seminole-boosters.com
Who is the CEO of Seminole Boosters Inc?
Jp Sinclair is the Ceo (Starting 6/20/22) of Seminole Boosters Inc. The CEO's salary of Seminole Boosters Inc is $0 and their total compensation is $0.
Official website here: www.seminole-boosters.com
What is the revenue of Seminole Boosters Inc?
Seminole Boosters Inc's revenue in 2022 was $51,910,244.
Official website here: www.seminole-boosters.com
Who are the executives of Seminole Boosters Inc and what are their salaries?
The average compensation at Seminole Boosters Inc during 2022 was $63,868. There are 67 employees and 115 volunteers at Seminole Boosters Inc.
Here are 63 key members and their salaries (Seminole Boosters Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $213,249
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- Compensation: $180,226
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- Other: $8,735
- Compensation: $917,714
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Official website here: www.seminole-boosters.com
Where can I find the form 990 for Seminole Boosters Inc?
Seminole Boosters Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seminole-boosters.com
Learn more at the official website: www.seminole-boosters.com
Mission Statement of Seminole Boosters Inc
Seminole Boosters, Inc., a not-for-profit organization, was established with the mission to stimulate and promote the education, health, and physical welfare of Florida State University (FSU) students. The organization achieves this by providing financial support for the intercollegiate athletic program at FSU.
Through its various expenditures, Seminole Boosters, Inc. plays a significant role in enhancing the athletic department at Florida State University. Disbursements made to FSU's Department of Athletics contribute to supplementing athletic department salaries. Operating transfers help pay for student athlete scholarships, ensuring talented individuals can attend FSU and excel both academically and athletically. The organization also provides financial assistance for various other sport needs to enable the continued increased performance in each sport.
Furthermore, Seminole Boosters, Inc. makes presidential transfers to supplement the fundraising efforts of the university president, enhancing the overall resources available for FSU. Restricted disbursements made by individual sports from specific restricted accounts allow for continued success and growth within each sport. Transfers of funds collected are used to pay the debt service of FSU's financial assistance, ensuring the stability and sustainability of the financial aid program.
In summary, Seminole Boosters, Inc. strengthens the Florida State University community by offering financial support for student athletes and athletic programs. Through its various financial contributions, the organization enables the continued growth and success of FSU's intercollegiate athletics.
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Impact
October, 2024
Seminole Boosters Inc significantly enhances the educational and athletic landscape at Florida State University by providing crucial financial support for its student-athletes and intercollegiate athletic programs. Through various disbursements, the organization contributes to the operational success of the athletics department and directly impacts student scholarships, ensuring that talented athletes can pursue their academic and athletic ambitions without financial burdens.
The financial contributions include payments that supplement athletic department salaries, which help retain quality coaching and staff, and operating transfers that facilitate the funding of student athlete scholarships. Additionally, Seminole Boosters supports diverse athletic needs by making restricted disbursements to specific sports, fostering an environment where each team can perform at its highest level.
Moreover, the organization's commitment extends to strengthening the overall fundraising efforts of the university, aiding the president in enriching the university's community. Ultimately, Seminole Boosters Inc plays a pivotal role in the educational, athletic, and overall student experience at Florida State University, contributing to both individual growth and the institution's prestigious reputation.
This information is meant to be a general summary of Seminole 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 2022.
- Investment Income: $4,006,184
- Program Service Revenue: $7,067,014
- Gross Receipts: $84,020,354
Assets and Liabilities:
- Total Assets: $213,756,436
- Total Liabilities: $69,301,101
- Net Assets: $144,455,335
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNIV. CENTER CLUB
Revenue
$5,224,061
STADIUM CONCESSION
Revenue
$827,916
DUNLAP CHAMPIONS CLUB REV
Revenue
$432,441
VARSITY CLUB REVENUE
Revenue
$410,038
51 ON MADISON INCOME
Revenue
$170,058
Organization Details
Founding Year
1974
Phone
(850) 644-8803Principal Officer
Jp Sinclair
Main Address
PO BOX 1353, TALLAHASSEE, FL, 323021353
Website
www.seminole-boosters.comNTEE Category
Code: B110 - Education
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