Overview
What is Lake Norman High School Band Boosters Association?
The Lake Norman High School Band Boosters Association is a dedicated nonprofit organization based in Mooresville, North Carolina. Their primary mission is to support the school's band program financially and through volunteer efforts. This includes facilitating the band's travel expenses, funding for events such as football games and winter drumline performances, covering show and concert costs, and managing transportation needs. Additionally, the association contributes to various band activities by volunteering at sports events and annual fundraisers, with all revenue directly benefiting the band program.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The Lake Norman High School Band Boosters Association has a solid accountability and finance score, reflecting strong governance practices, particularly with an entirely independent board and no reported diversion of assets. They consistently document meeting minutes and maintain a favorable liabilities to assets ratio, indicating financial stability.
However, the organization has notable limitations that have contributed to its lower overall rating. The absence of certain policies, such as a conflict of interest policy, whistleblower policy, and document retention policies, raises concerns about transparency and operational protocols. Furthermore, the nonprofit's tax form is not available on their website, which may hinder potential donors from fully assessing their financial practices.
Overall, while the Lake Norman High School Band Boosters Association demonstrates strengths in governance and financial management, addressing the noted deficiencies in policy documentation and compliance could enhance their credibility and trustworthiness among supporters and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Norman High School Band Boosters Association legitimate?
Lake Norman High School Band Boosters Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Norman High School Band Boosters Association 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: $0
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What is the mission statement of Lake Norman High School Band Boosters Association?
The Lake Norman High School Band Boosters Association serves a mission to aid and financially support the school's band program. Their primary goal is to assist the band in participating in various events such as camps, shows, and football games. They accomplish this through volunteer efforts and the collection of service fees. The collected funds are utilized for various band-related expenses, including travel, meals, show and concert expenses, transportation, and other band activities. Besides financial support, the association also contributes volunteer hours, providing concessions at sporting events and organizing annual fundraisers. These revenues are exclusively dedicated to supporting the band activities.
Who is the CEO of Lake Norman High School Band Boosters Association?
Bridgette Loughnane is the President of Lake Norman High School Band Boosters Association.
What is the revenue of Lake Norman High School Band Boosters Association?
Lake Norman High School Band Boosters Association's revenue in 2023 was $75,242.
Who are the executives of Lake Norman High School Band Boosters Association and what are their salaries?
There 30 volunteers at Lake Norman High School Band Boosters Association.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Lake Norman High School Band Boosters Association?
Lake Norman High School Band Boosters Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lake Norman High School Band Boosters Association
Lake Norman High School Band Boosters, as an organization, plays a vital role in supporting the school's Band. Their mission is centered around providing financial aid and resources to enhance the Band's participation in various activities. This includes camps, shows, and football games. The Boosters help cover the Band's travel expenses, catering during games and at camps, show and concert costs, transportation fees, and other Band-related activities. They accomplish this through volunteer work and revenue generated from program service fees. Furthermore, the Boosters dedicate significant volunteer hours to operate concession stands at sporting events and participate in annual fundraisers, all of which contribute exclusively to the Band's activities.
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Impact
August, 2024
The impact of the Lake Norman High School Band Boosters Association is significant in providing essential funds and support for the school's band program. This assistance allows the band to participate in camps, shows, and football games by covering various expenses such as travel, meals, show and concert costs, transportation, and other band activities. Through the dedication of volunteers and program service fees, the Band Boosters ensure that the band has the necessary resources to thrive. Additionally, their efforts in organizing fundraisers and concessions at sporting events generate revenue exclusively for band activities, contributing to the overall success and development of the school band.
This information is meant to be a general summary of Lake Norman High School Band Boosters Association. 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.
- Program Service Revenue: $35,228
- Gross Receipts: $75,242
Assets and Liabilities:
- Total Assets: $42,205
- Total Liabilities: $0
- Net Assets: $42,205
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Fees
Revenue
$35,228
Misc Trip Fees
Organization Details
Founding Year
2004
Principal Officer
Bridgette Loughnane
Main Address
PO Box 3471, Mooresville, NC, 28117
NTEE Category
Code: B11 - Education
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