Overview
What is Clutch City Foundation?
The Clutch City Foundation is a benevolent organization, headquartered unspecified, dedicated to enhancing its community. Their primary focus lies in supporting youth initiatives and education programs, aiming to foster growth and development among the younger generation. Additionally, they extend their reach to underserved individuals by granting charitable funds and hosting home game auctions, offering financial assistance and opportunities to those in need. Their mission encompasses improving the community through these three key areas: youth initiatives, education programs, and aid to the underprivileged.
Official website here: www.nba.com/rockets/community
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Clutch City Foundation has earned a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The rating reflects a solid overall score derived entirely from its accountability and finance metrics. The foundation achieved a score of 77%, which showcases its commitment to transparent financial practices.
Among its strengths, the foundation boasts a fully independent board with eight out of eight members, ensuring unbiased governance. It demonstrates effective asset management with no material diversion of assets, along with a high program expense ratio of 100%, indicating that all funds are directed towards its programs. Furthermore, it maintains comprehensive policies for conflict of interest, document retention, and provides accessible board meeting minutes.
However, while the ratings underscore the organization's financial responsibility, the rating is solely based on financial metrics without considering other potential areas such as impact or community feedback. Therefore, while the Clutch City Foundation shows strong governance and financial health, further information on its programmatic outcomes may be beneficial for a complete assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Clutch City Foundation legitimate?
Clutch City Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clutch City Foundation 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
For more financial information, click here
Official website here: www.nba.com/rockets/community
What is the mission statement of Clutch City Foundation?
The Clutch City Foundation endeavors to enhance the community by focusing on youth initiatives and educational programs. Additionally, it extends its support to underserved individuals through charitable grants and fundraising activities, such as home game auctions. In essence, the foundation's mission is to contribute positively to the community by investing in youth development, education, and the well-being of underprivileged individuals.
Official website here: www.nba.com/rockets/community
Who is the CEO of Clutch City Foundation?
Larry Kaiser is the Board Of Director & Treasu of Clutch City Foundation. The CEO's salary of Clutch City Foundation is $0 and their total compensation is $0.
Official website here: www.nba.com/rockets/community
What is the revenue of Clutch City Foundation?
Clutch City Foundation's revenue in 2022 was $1,247,511.
Official website here: www.nba.com/rockets/community
Who are the executives of Clutch City Foundation and what are their salaries?
There 25 volunteers at Clutch City Foundation.
Here are 6 key members and their salaries (Clutch City Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nba.com/rockets/community
Where can I find the form 990 for Clutch City Foundation?
Clutch City Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nba.com/rockets/community
Learn more at the official website: www.nba.com/rockets/community
Mission Statement of Clutch City Foundation
The Clutch City Foundation is committed to enhancing its community by engaging in youth initiatives, education programs, and initiatives that support underserved individuals. This nonprofit organization seeks to make a significant impact by providing charitable grants and hosting home game auctions. Through these efforts, the Clutch City Foundation aims to contribute to the betterment of its community, ensuring a brighter future for its youth and supporting those in need.
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Impact
July, 2024
Clutch City Foundation's impact includes improving the community through youth initiatives and education programs. They support underserved individuals by providing charitable grants and hosting home game auctions. Their mission is to continue enhancing the community through these initiatives.
This information is meant to be a general summary of Clutch City Foundation. 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: $184
- Gross Receipts: $1,360,497
Assets and Liabilities:
- Total Assets: $1,214,344
- Total Liabilities: $264,286
- Net Assets: $950,058
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Organization Details
Founding Year
1996
Phone
(713) 758-7200Principal Officer
Larry Kaiser
Main Address
1510 POLK STREET, HOUSTON, TX, 77002
NTEE Category
Code: S20Z - Community improvement
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