Overview
What is Bluegrass Sports Commission Inc?
Bluegrass Sports Commission Inc, located in Lexington, Kentucky, serves as a driving force in promoting and administering various sporting events in the central Kentucky region. Established with a mission to attract and support new and existing sports events at all levels, it is a key contributor to the local sports scene. The commission is particularly renowned for its signature event, the Bluegrass State Games. Additionally, the organization actively supports the development of youth sports programs and events in the Bluegrass State. With a team of two dedicated individuals, Bluegrass Sports Commission Inc plays an essential role in positioning central Kentucky as a desirable destination for state, regional, national, and even international competitions across various performance levels.
Official website here: www.bluegrasssports.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
The Bluegrass Sports Commission Inc has received a low rating of 54%, earning it a One-Star designation due to concerns regarding its accountability and finance practices. While the organization has a fully independent board, scoring 100% in that area, it falls short in other critical aspects such as financial transparency, as it has not provided financial statements. This lack of documentation significantly impacts its overall score.
Strengths noted include a high program expense ratio of 85.21%, indicating that a large portion of its budget is allocated toward its programs rather than administrative costs. Additionally, the organization has demonstrated a commitment to governance by maintaining proper documentation of board meeting minutes and ensuring no material diversion of assets. However, the absence of crucial policies like a conflict of interest policy and a whistleblower policy raises concerns about oversight and accountability.
The organization also struggles with transparency regarding its financial health, shown by an liabilities to assets ratio of 86%, which signifies potential financial risk. These limitations in financial reporting and policy development detract from the nonprofit's overall effectiveness and trustworthiness, highlighting the need for improvements in governance practices to enhance public confidence and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Bluegrass Sports Commission Inc legitimate?
Bluegrass Sports Commission Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bluegrass Sports Commission 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: $64,000
For more financial information, click here
Official website here: www.bluegrasssports.org
What is the mission statement of Bluegrass Sports Commission Inc?
The Bluegrass Sports Commission Inc's mission is centered around promoting the Central Kentucky area as a competitive destination for sports events at various levels. They actively support the development of youth sports programs and events, with the Bluegrass State Games serving as their signature event. The commission's primary goal is to attract and support new and existing sports events, such as the Bluegrass State Games, in the Central Kentucky area. The organization also manages and administers various sporting events in Central Kentucky, including the Midsummer Night's Run and the Breeders' Cup.
Official website here: www.bluegrasssports.org
Who is the CEO of Bluegrass Sports Commission Inc?
Kris Zander is the Chair of Bluegrass Sports Commission Inc.
Official website here: www.bluegrasssports.org
What is the revenue of Bluegrass Sports Commission Inc?
Bluegrass Sports Commission Inc's revenue in 2022 was $874,573.
Official website here: www.bluegrasssports.org
Who are the executives of Bluegrass Sports Commission Inc and what are their salaries?
The average compensation at Bluegrass Sports Commission Inc during 2022 was $32,000. There are 2 employees and 10 volunteers at Bluegrass Sports Commission Inc.
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Official website here: www.bluegrasssports.org
Where can I find the form 990 for Bluegrass Sports Commission Inc?
Bluegrass Sports Commission Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bluegrasssports.org
Learn more at the official website: www.bluegrasssports.org
Mission Statement of Bluegrass Sports Commission Inc
Bluegrass Sports Commission Inc, an organization dedicated to promoting the central Kentucky area, aims to attract and support sports events of various levels, such as the Bluegrass State Games, to this region. Their mission is to position the central Kentucky area as a renowned destination for state, regional, national, and international competitions across various performance levels. In addition to this, the Commission actively supports the development of youth sports programs and events, with the Bluegrass State Games serving as their signature event. By promoting and administering various sporting events in central Kentucky, including the Midsummer Night's Run and the Breeder's Cup, the Bluegrass Sports Commission Inc contributes to the growth and recognition of the sports scene in the region.
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Impact
July, 2024
Bluegrass Sports Commission Inc's impact lies in its commitment to promoting the Central Kentucky area as a premier destination for various sports competitions at local, state, regional, national, and international levels. Through its efforts, the organization actively supports the development of youth sports programs and events, with the Bluegrass State Games serving as a prominent flagship event. By promoting and administering a range of sporting events in Central Kentucky, such as the Midsummer Night's Run and the Breeders' Cup, the Commission plays a vital role in enhancing the region's sports landscape and attracting diverse sporting activities. In fulfilling its mission to attract and support new and existing sports events to the Central Kentucky area, Bluegrass Sports Commission Inc contributes significantly to the community's recreation and athletic opportunities.
This information is meant to be a general summary of Bluegrass Sports Commission 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: $132
- Program Service Revenue: $759,219
- Gross Receipts: $874,573
Assets and Liabilities:
- Total Assets: $393,497
- Total Liabilities: $338,439
- Net Assets: $55,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
A Midsummer Night's Run
Revenue
$49,327
BGSG Entry & Vendor Fees
Revenue
$209,682
Breeder's Cup
Revenue
$500,210
Organization Details
Founding Year
1997
Phone
(859) 255-8710Principal Officer
Kris Zander
Main Address
333 W Vine St 300, Lexington, KY, 40507
Website
www.bluegrasssports.orgNTEE Category
Code: N60 - Recreation
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