Overview
What is Highland Park Sports Club?
Highland Park Sports Club is a charitable organization, registered under Section 501(c)(3) of the Internal Revenue Code, situated in Dallas, Texas. Its primary goal is to support amateur youth athletic programs within the Highland Park Independent School District (HPISD). The club contributes funds towards equipment, related items, and any budget shortfalls, amounting to $670,206 for HPISD and $32,300 for scholarships. Additionally, a portion of its funds goes towards the Highland Park Education Trust Fund, which provides college scholarships to children of faculty members employed by HPISD. The organization's mission is to enrich the educational experience of young athletes in the district.
Official website here: www.hp-scots.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (Needs Improvement)
Highland Park Sports Club has received a two-star rating from Charity Navigator, indicating that the organization needs improvement. With an overall score of 69%, the club demonstrates a strong commitment to program expenses, with an impressive program expense ratio of 99.44%. This suggests a high percentage of funds are allocated directly to their programs, which is a positive aspect of their financial management.
However, the organization faces significant challenges in areas related to governance and accountability. While it boasts a fully independent board, several key policies and financial statements are missing, including a conflict of interest policy, a whistleblower policy, and a document retention policy. The absence of these important governance frameworks raises concerns about transparency and oversight.
Additionally, the lack of financial statements posted on the organization's website limits public access to vital financial information, which is essential for building trust with donors and stakeholders. Despite these shortcomings, the organization has no reported material diversions of assets, which is a positive note for its financial integrity. Overall, Highland Park Sports Club has strengths in program allocation but needs to address governance and accountability issues to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Highland Park Sports Club legitimate?
Highland Park Sports Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highland Park Sports Club 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hp-scots.com
What is the mission statement of Highland Park Sports Club?
The Highland Park Sports Club is established with charitable and educational purposes, adhering to Section 501(C)(3) of the Internal Revenue Code. Its primary objective is to support athletic programs within the Highland Park Independent School District (HPISD) and related extracurricular activities. Additionally, the club aims to contribute funds to the Highland Park Education Trust Fund, which is primarily used for granting college scholarships to children of faculty members employed by HPISD. The corporation's assets and properties are pledged for performing its exempt functions.
Official website here: www.hp-scots.com
Who is the CEO of Highland Park Sports Club?
Mark Malnory is the President of Highland Park Sports Club.
Official website here: www.hp-scots.com
What is the revenue of Highland Park Sports Club?
Highland Park Sports Club's revenue in 2023 was $1,179,218.
Official website here: www.hp-scots.com
Who are the executives of Highland Park Sports Club and what are their salaries?
Here are 25 key members and their salaries:
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Official website here: www.hp-scots.com
Where can I find the form 990 for Highland Park Sports Club?
Highland Park Sports Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hp-scots.com
Learn more at the official website: www.hp-scots.com
Mission Statement of Highland Park Sports Club
Highland Park Sports Club, a nonprofit organization, is dedicated to supporting the charitable and educational purposes within the Internal Revenue Code. Its primary focus is on amplifying youth athletic programs within the Highland Park Independent School District (HPISD). Additionally, the club provides funds for the Highland Park Education Trust Fund, which aims to advance education by granting college scholarships to children of faculty members employed by HPISD. The corporation operates with the intention of supporting extracurricular activities related to athletics within HPISD and boosting the school district's educational initiatives.
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Impact
July, 2024
Highland Park Sports Club has a significant impact on the Highland Park Independent School District in Dallas, Texas. The club supports amateur youth athletic programs by providing gifts of equipment, related items, and financial assistance to the athletic department. This support has helped bridge budget shortfalls, totaling $670,206 for the school district and providing $32,300 in scholarships.
By promoting and funding athletic programs at HPISD, the Highland Park Sports Club contributes to the overall development and success of student-athletes. Additionally, the club's involvement in the Highland Park Education Trust Fund further advances education by granting college scholarships to children of faculty members employed by HPISD.
Overall, Highland Park Sports Club's dedication to supporting athletic and educational initiatives within the community aligns with their mission to promote the holistic development of young individuals through sports and education.
This information is meant to be a general summary of Highland Park Sports Club. 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: $5,770
- Program Service Revenue: $175,923
- Gross Receipts: $1,845,845
Assets and Liabilities:
- Total Assets: $760,726
- Total Liabilities: $87,331
- Net Assets: $673,395
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT PROGRAMS
Revenue
$175,923
Organization Details
Founding Year
1985
Phone
(214) 559-0784Principal Officer
Mark Malnory
Main Address
4228 N CENTRAL EXPY 320, DALLAS, TX, 75206
Website
www.hp-scots.comNTEE Category
Code: B25I - Education
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