Overview
What is Boys And Girls Club Of Sherman Inc?
Boys and Girls Club of Sherman Inc. is a nonprofit organization situated in Sherman, Texas. With a mission to empower youth, particularly those in need, it aims to help them realize their full potential as responsible, caring, and productive citizens. The organization, as stated in its description, is committed to engaging, inspiring, and empowering young people. With a workforce of 83 individuals, Boys and Girls Club of Sherman Inc. provides a supportive environment where young people can discover their own futures. The organization's activities are focused on enabling the youth to grow and develop, ensuring they become valuable contributors to their communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating. This rating is derived entirely from the Accountability & Finance beacon, indicating a strong emphasis on financial transparency and management practices. An 86% score suggests that Boys and Girls Club of Sherman Inc demonstrates a commendable commitment to ensuring responsible stewardship of its resources.
The organization shows particular strengths in its financial oversight, including a 100% score in audit and oversight practices, as well as a low liabilities to assets ratio of 0.32%. Additionally, the program expense ratio is notably high at 89.79%, indicating that a significant portion of its expenditures directly support its programs. This indicates a strong alignment of funds toward their mission.
However, the club has some room for improvement regarding governance, as only 47% of its board members are independent. This could affect the overall accountability of the organization. Despite this limitation, the club maintains robust policies, such as conflict of interest and whistleblower policies, contributing to its positive rating.
This AI summary has been generated from information found on Charity Navigator.
Is Boys And Girls Club Of Sherman Inc legitimate?
Boys And Girls Club Of Sherman Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boys And Girls Club Of Sherman 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $425,158
For more financial information, click here
What is the mission statement of Boys And Girls Club Of Sherman Inc?
The Boys and Girls Club of Sherman Inc. is committed to empowering young individuals to envision their future. Their mission is to assist all youth, particularly those who require additional support, in reaching their full potential as responsible, caring, and productive citizens. This organization strives to enable young people to unlock their full potential, fostering their growth into well-rounded members of society.
Who is the CEO of Boys And Girls Club Of Sherman Inc?
Zach Gladen is the President of Boys And Girls Club Of Sherman Inc.
What is the revenue of Boys And Girls Club Of Sherman Inc?
Boys And Girls Club Of Sherman Inc's revenue in 2022 was $703,394.
Who are the executives of Boys And Girls Club Of Sherman Inc and what are their salaries?
The average compensation at Boys And Girls Club Of Sherman Inc during 2022 was $5,122. There are 83 employees and 40 volunteers at Boys And Girls Club Of Sherman Inc.
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Where can I find the form 990 for Boys And Girls Club Of Sherman Inc?
Boys And Girls Club Of Sherman Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boys And Girls Club Of Sherman Inc
The Boys and Girls Club of Sherman Inc. is dedicated to empowering youth, encouraging them to discover their own futures. Their mission is to enable all young people, particularly those who require their support the most, to reach their full potential as responsible, caring, and productive citizens. This nonprofit organization strives to foster an environment that encourages personal growth, promotes positive values, and equips young individuals with the necessary skills to contribute to their communities and society as a whole.
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Impact
July, 2024
The Boys And Girls Club Of Sherman Inc is transforming the lives of youth in Sherman, TX. They are engaging, inspiring, and empowering young people to discover their own future. By enabling all youth, especially those who need them most, to reach their full potential as productive, caring, and responsible citizens, the organization is making a significant impact on the community.
This information is meant to be a general summary of Boys And Girls Club Of Sherman 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: $53,203
- Program Service Revenue: $148,943
- Gross Receipts: $710,054
Assets and Liabilities:
- Total Assets: $2,781,253
- Total Liabilities: $9,110
- Net Assets: $2,772,143
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$140,608
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$8,335
Organization Details
Founding Year
1966
Phone
(903) 892-9019Principal Officer
Zach Gladen
Main Address
PO BOX 452, SHERMAN, TX, 75090
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