Overview
What is Orlando Magic Youth Foundation Inc?
Orlando Magic Youth Foundation Inc, based in Orlando, Florida, is a dedicated nonprofit organization that prioritizes supporting Central Florida's children, with a special focus on those in need. Their mission is to empower families and transform lives, achieving this goal through various programs and partnerships. The foundation's primary activities include fundraising events such as a wine festival, golf tournament, and auction, which help generate resources for their cause. By providing financial assistance to organizations that align with their mission, the Orlando Magic Youth Foundation is making a significant impact in their community, aiming to ensure every child in Central Florida has the opportunity to reach their full potential.
Official website here: www.nba.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Orlando Magic Youth Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization has demonstrated strengths in board independence, with all members being independent, and it has a commendable program expense ratio of 79.61%, suggesting that it directs a significant portion of its resources toward its mission-driven programs.
However, the foundation faces notable limitations, particularly in transparency and policy implementation. It received no points for its financial statements and lacks both a conflict of interest policy and a document retention policy. Additionally, the absence of financial documentation on its website raises concerns about overall transparency with stakeholders.
While the organization has made positive strides with its programmatic focus and board governance, addressing these critical gaps in financial accountability and policy could enhance its trustworthiness and performance in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Orlando Magic Youth Foundation Inc legitimate?
Orlando Magic Youth Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orlando Magic Youth 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: $349,653
For more financial information, click here
Official website here: www.nba.com
What is the mission statement of Orlando Magic Youth Foundation Inc?
The Orlando Magic Youth Foundation is dedicated to assisting children in Central Florida, with a particular focus on those at risk, in realizing their full potential. This is achieved by backing programs and partnerships that strengthen families and bring about life-changing impacts. The foundation's primary approach is through fundraising events such as wine festivals, golf tournaments, and auctions. All their activities are geared towards raising funds. The grants they provide are given to organizations that align with their mission.
Official website here: www.nba.com
What is the revenue of Orlando Magic Youth Foundation Inc?
Orlando Magic Youth Foundation Inc's revenue in 2024 was $1,913,093.
Official website here: www.nba.com
Who are the executives of Orlando Magic Youth Foundation Inc and what are their salaries?
There 60 volunteers at Orlando Magic Youth Foundation Inc.
Here are 17 key members and their salaries:
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Official website here: www.nba.com
Where can I find the form 990 for Orlando Magic Youth Foundation Inc?
Orlando Magic Youth Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nba.com
Learn more at the official website: www.nba.com
Mission Statement of Orlando Magic Youth Foundation Inc
The Orlando Magic Youth Foundation is dedicated to aiding every child in Central Florida, particularly those most vulnerable, in realizing their full potential. This nonprofit organization accomplishes this by supporting programs and partnerships that empower families and drive transformative changes in lives. Its mission is multifaceted, encompassing the provision of resources to organizations that align with its objectives, with a focus on uplifting families and fostering growth. The foundation's approach to achieving its goals is primarily through fundraising activities, such as the Wine Festival, Golf Tournament, and Auction. These events serve as crucial sources of financial support, enabling the foundation to make a significant impact in the lives of Central Florida's children.
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Impact
July, 2024
Orlando Magic Youth Foundation Inc is dedicated to helping every child in Central Florida realize their full potential, particularly those most at risk. By supporting programs and partnerships that empower families and change lives, their impact is evident in the community. Through fundraising initiatives like the wine festival, golf tournament, and auction, the foundation raises funds to provide grants to organizations that align with their mission. Their commitment to youth development shines through in their efforts to create positive change and opportunities for children in the region.
This information is meant to be a general summary of Orlando Magic Youth 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.
- Gross Receipts: $3,161,105
Assets and Liabilities:
- Total Assets: $1,327,140
- Total Liabilities: $125,710
- Net Assets: $1,201,430
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Organization Details
Founding Year
1988
Principal Officer
Linda Landman Gonzalez
Website
www.nba.comNTEE Category
Code: O12 - Youth development
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