Overview
What is The Louie Bing Athletic Scholarship Fund Inc?
The Louie Bing Athletic Scholarship Fund Inc is a nonprofit organization that primarily focuses on athletics. They organize various activities to engage both athletes and coaches, including football workshops, coaches clinics, seminars, college recruiting fairs, and track meets. By offering these events, they aim to foster learning and development within the athletic community. Additionally, the fund awards annual scholarships, providing financial assistance to deserving individuals. Through these initiatives, they reach out to approximately 6,200 youth and adults, making a significant impact in the realm of sports and education.
Official website here: www.bingscholarshipfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
The Louie Bing Athletic Scholarship Fund Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The charity scored only 16% in its Accountability & Finance category, primarily due to a lack of independent board members and missing key policies such as conflict of interest and whistleblower protection. This raises questions about the organization’s governance and operational transparency.
Despite these issues, the charity does not show any material diversion of assets and has documented meeting minutes available, which reflects some level of organizational structure. However, the absence of independent oversight and critical policies could hinder effective decision-making and accountability, potentially compromising donor trust and support.
Furthermore, the charity's financial ratios indicate that it has 100% liabilities compared to its assets and has no reported program expenses, which is concerning as it suggests that funds may not be directed toward charitable activities. Overall, these factors contribute to a troubling assessment of the organization's effectiveness and reliability in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Louie Bing Athletic Scholarship Fund Inc legitimate?
The Louie Bing Athletic Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Louie Bing Athletic Scholarship Fund 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.
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For more financial information, click here
Official website here: www.bingscholarshipfund.org
What is the mission statement of The Louie Bing Athletic Scholarship Fund Inc?
The Louie Bing Athletic Scholarship Fund Inc's mission is centered around providing various athletic opportunities and scholarships. They conduct football workshops, coaches clinics, and seminars for athletes and coaches. Additionally, they organize college recruiting fairs and track meets. A significant part of their mission involves offering annual scholarships to help around 6200 youth and adults in their athletic pursuits.
Official website here: www.bingscholarshipfund.org
What is the revenue of The Louie Bing Athletic Scholarship Fund Inc?
The Louie Bing Athletic Scholarship Fund Inc's revenue in 2023 was $26,657.
Official website here: www.bingscholarshipfund.org
Who are the executives of The Louie Bing Athletic Scholarship Fund Inc and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.bingscholarshipfund.org
Where can I find the form 990 for The Louie Bing Athletic Scholarship Fund Inc?
The Louie Bing Athletic Scholarship Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bingscholarshipfund.org
Learn more at the official website: www.bingscholarshipfund.org
Mission Statement of The Louie Bing Athletic Scholarship Fund Inc
The Louie Bing Athletic Scholarship Fund Inc is dedicated to offering a variety of educational and empowering opportunities for both athletes and coaches. Their mission encompasses conducting football workshops, organizing coaches clinics, and hosting seminars focused on athletic development. Moreover, they facilitate college recruiting fairs and track meets, providing a platform for talented individuals to showcase their skills and potentially secure scholarships. The organization annually awards scholarships to a substantial number of youth and adults, reaching approximately 6200 individuals through these initiatives. By providing these resources, The Louie Bing Athletic Scholarship Fund Inc seeks to foster the growth and success of aspiring athletes and coaches, thereby contributing to the broader athletic community.
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Impact
August, 2024
The Louie Bing Athletic Scholarship Fund Inc has a significant impact on the community by providing valuable resources and opportunities for youth and adults in Miami, Florida. Through football workshops, coaches clinics, seminars for athletes and coaches, college recruiting fairs, and track meets, the organization serves approximately 6200 individuals annually. Additionally, scholarships are awarded each year to support further education and athletic endeavors. By offering these programs and support, The Louie Bing Athletic Scholarship Fund Inc plays a crucial role in empowering individuals to excel in sports, education, and future career opportunities in the local community.
This information is meant to be a general summary of The Louie Bing Athletic Scholarship Fund 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 2023.
- Gross Receipts: $26,657
Assets and Liabilities:
- Total Assets: $50,544
- Total Liabilities: $50,544
- Net Assets: $0
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Organization Details
Founding Year
1997
Principal Officer
Viviloria Bing
Website
www.bingscholarshipfund.orgNTEE Category
Code: B82 - Education
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