Overview
What is Boys & Girls Club Of Magnolia Inc?
Boys & Girls Club of Magnolia Inc is a nonprofit youth organization situated in Magnolia, Arkansas. Their primary mission is the development of young individuals, which they achieve through various programs such as basketball and baseball. The organization provides a supportive environment for local youth, fostering their growth and personal development.
Official website here: www.boysandgirlsclubofmagnolia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
The Boys & Girls Club of Magnolia Inc has received a low rating of 44%, which indicates significant concerns regarding its accountability and financial practices. A zero-star rating suggests that the organization may not meet the necessary standards of transparency and management expected by donors and stakeholders.
Despite having a fully independent board and good financial oversight, the charity has numerous policy deficiencies. Specifically, it lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for maintaining ethical governance and accountability. Additionally, the organization's financial ratios, including a program expense ratio of only 45.72%, raise concerns about the efficiency of its resource allocation to direct programs.
Overall, while the Boys & Girls Club of Magnolia Inc demonstrates some strengths in board independence and oversight, the lack of essential policies and low program expense ratio highlight significant areas for improvement. Donors may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Boys & Girls Club Of Magnolia Inc legitimate?
Boys & Girls Club Of Magnolia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boys & Girls Club Of Magnolia 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: $185,619
For more financial information, click here
Official website here: www.boysandgirlsclubofmagnolia.org
What is the mission statement of Boys & Girls Club Of Magnolia Inc?
The Boys & Girls Club of Magnolia is an organization dedicated to the development of youth. Its mission, in essence, is to provide a platform for young individuals, fostering programs such as basketball and baseball. While the provided information does not delve into specific details, it implies a focus on nurturing and engaging young people, fostering their growth and development through various activities.
Official website here: www.boysandgirlsclubofmagnolia.org
Who is the CEO of Boys & Girls Club Of Magnolia Inc?
Kristy Smith is the President of Boys & Girls Club Of Magnolia Inc.
Official website here: www.boysandgirlsclubofmagnolia.org
What is the revenue of Boys & Girls Club Of Magnolia Inc?
Boys & Girls Club Of Magnolia Inc's revenue in 2023 was $515,955.
Official website here: www.boysandgirlsclubofmagnolia.org
Who are the executives of Boys & Girls Club Of Magnolia Inc and what are their salaries?
The average compensation at Boys & Girls Club Of Magnolia Inc during 2023 was $10,919. There are 17 employees at Boys & Girls Club Of Magnolia Inc.
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Official website here: www.boysandgirlsclubofmagnolia.org
Where can I find the form 990 for Boys & Girls Club Of Magnolia Inc?
Boys & Girls Club Of Magnolia Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.boysandgirlsclubofmagnolia.org
Learn more at the official website: www.boysandgirlsclubofmagnolia.org
Mission Statement of Boys & Girls Club Of Magnolia Inc
Boys & Girls Club of Magnolia is a dedicated organization that focuses on the development of youth. Its mission is centered around providing programs that foster personal growth and skill development, as exemplified by its offerings of basketball and baseball activities. By engaging in these activities, the club aims to empower young individuals, helping them shape their talents and build strong character traits.
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Impact
July, 2024
The Boys & Girls Club of Magnolia Inc positively impacts the youth in Magnolia, AR by providing a nurturing environment where they can engage in developmental programs such as basketball and baseball. The organization's mission is to empower young individuals through various activities, promoting their physical, social, and emotional growth. By offering these programs, the Boys & Girls Club of Magnolia contributes to the overall development and well-being of the youth in the community.
This information is meant to be a general summary of Boys & Girls Club Of Magnolia 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.
- Investment Income: $466
- Program Service Revenue: $73,127
- Gross Receipts: $520,848
Assets and Liabilities:
- Total Assets: $944,570
- Total Liabilities: $82,094
- Net Assets: $862,476
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACTIVITY FEES
Revenue
$57,955
SUSTAINING MEMBERSHIP
Revenue
$11,700
MEMBERSHIP DUES
Revenue
$3,472
Organization Details
Principal Officer
Kristy Smith
Main Address
1600 HOLLENSWORTH, MAGNOLIA, AR, 71753
NTEE Category
Code: O23Z - Youth development
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