Overview
What is Dallas Stars Foundation Inc?
Dallas Stars Foundation Inc, based in Frisco, Texas, is a nonprofit organization affiliated with the Dallas Stars and the NHL. They aim to serve their community and various causes through various initiatives. These initiatives often involve themed nights, such as Hockey Fights Cancer and Military Appreciation Night, which raise funds for organizations that share their mission. Fundraising activities include jersey and hockey stick auctions, 50/50 raffles, mystery pucks, and T-shirt sales. The Dallas Stars Foundation's core mission lies in investing in their communities, creating programs that enrich and uplift those in need.
Official website here: www.nhl.com/stars/community
What are the reviews and ratings of this charity?
Charity Navigator Rating: 46% (Zero-Star out of Four Star rating)
The Dallas Stars Foundation Inc has received a low score of 46% from Charity Navigator, resulting in a Zero-Star rating. This score reflects significant concerns in its accountability and financial practices, despite the charity demonstrating some strengths, such as having a fully independent board and a well-documented conflict of interest policy.
While the organization scores well in areas like independent board size and the absence of asset diversion, it falls short in critical areas such as the whistleblower policy and document retention practices, both receiving zero points. Additionally, the program expense ratio is relatively low, suggesting that a smaller portion of the funds raised is directed towards actual programs and services compared to administrative costs.
Furthermore, the liabilities to assets ratio indicates potential financial risks, which may affect the charity's long-term viability. The salary of key personnel, particularly the President and Chairman, raises questions about the allocation of funds, especially in light of the foundation's overall performance. Overall, the Dallas Stars Foundation Inc has significant room for improvement in its governance and financial management practices.
This AI summary has been generated from information found on Charity Navigator.
Is Dallas Stars Foundation Inc legitimate?
Dallas Stars Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dallas Stars Foundation 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: $177,717
Professional Fundraising Fees: $0
Other Salaries and Wages: $218,206
For more financial information, click here
Official website here: www.nhl.com/stars/community
What is the mission statement of Dallas Stars Foundation Inc?
The Dallas Stars Foundation's mission lies in investing in communities by creating unique programs that enrich and improve the lives of those in need. They achieve this through partnerships with the NHL and various initiatives. Their theme nights, such as Hockey Fights Cancer and Military Appreciation Night, are designed to support causes that align with each theme. Fundraisers during these events include jersey and hockey stick auctions, 50/50 raffles, mystery pucks, and T-shirt sales, among others, contributing to the organizations associated with each theme night. In essence, the Dallas Stars Foundation aims to make a positive impact on its community through these initiatives.
Official website here: www.nhl.com/stars/community
Who is the CEO of Dallas Stars Foundation Inc?
Marty Turco is the President & Chairman of Dallas Stars Foundation Inc.
Official website here: www.nhl.com/stars/community
What is the revenue of Dallas Stars Foundation Inc?
Dallas Stars Foundation Inc's revenue in 2022 was $2,942,341.
Official website here: www.nhl.com/stars/community
Who are the executives of Dallas Stars Foundation Inc and what are their salaries?
There 422 volunteers at Dallas Stars Foundation Inc.
Here are 9 key members and their salaries:
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- Related: $177,717
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Official website here: www.nhl.com/stars/community
Where can I find the form 990 for Dallas Stars Foundation Inc?
Dallas Stars Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhl.com/stars/community
Learn more at the official website: www.nhl.com/stars/community
Mission Statement of Dallas Stars Foundation Inc
The Dallas Stars Foundation Inc, with the Dallas Stars and the National Hockey League as its partners, is dedicated to making a positive impact in communities by establishing unique programs that enhance and enrich the lives of those in need. Their mission is centered around investing in the communities, focusing on creating programs that cater to various causes and individuals who are struggling.
Throughout the year, the Dallas Stars Foundation Inc hosts theme nights, such as Hockey Fights Cancer, Military Appreciation Night, and Hockey is for Everyone, to name a few. During these events, multiple fundraisers take place, benefiting organizations whose missions align with the theme of the night. These fundraisers include jersey and hockey stick auctions, 50/50 raffles, mystery pucks, t-shirts, and more. Each theme night offers a unique opportunity to raise funds and support worthy causes.
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Impact
July, 2024
The impact of the Dallas Stars Foundation Inc is significant as it works closely with the Dallas Stars and the NHL to partner on initiatives that serve the community and support various causes. Through theme nights like Hockey Fights Cancer, Military Appreciation Night, and Hockey Is For Everyone, the foundation hosts multiple fundraisers such as jersey and hockey stick auctions, 50/50 raffles, mystery pucks, and t-shirt sales that benefit organizations whose missions align with the theme of the night. The foundation's mission is to invest in communities by creating unique programs that nurture and enrich the lives of those in need, with a focus on education.
This information is meant to be a general summary of Dallas Stars Foundation 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.
- Gross Receipts: $3,535,019
Assets and Liabilities:
- Total Assets: $435,519
- Total Liabilities: -$41,882
- Net Assets: $477,401
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Organization Details
Founding Year
1998
Phone
(214) 387-5500Principal Officer
Marty Turco
Main Address
2601 AVENUE OF THE STARS, FRISCO, TX, 75034
Website
www.nhl.com/stars/communityNTEE Category
Code: B12 - Education
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