Overview
What is Ribeyre Gymnasium Restoration Group?
The Ribeyre Gymnasium Restoration Group is a nonprofit organization situated in New Harmony, Indiana. Their primary objective is to enhance the community's quality of life by restoring the historic Ribeyre Gymnasium. This restoration project aims to preserve a significant part of New Harmony's heritage, ultimately contributing to the local area's cultural and social vitality. The group's mission is deeply rooted in the redevelopment and revival of the gymnasium, which serves as a symbol of community preservation and progress in New Harmony, Indiana.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Ribeyre Gymnasium Restoration Group has received a Two-Star rating from Charity Navigator, indicating an overall score of 73%. This rating reflects the organization’s strengths in governance, with 100% of board members being independent and a well-structured independent board size. The absence of material diversion of assets further enhances their accountability profile.
Despite these strengths, the organization has several notable weaknesses that contributed to its "Needs Improvement" assessment. It lacks key policies such as a whistleblower policy and document retention procedures, which are critical for maintaining transparency and accountability. Additionally, the nonprofit does not post its tax form on its website, which could limit accessibility and oversight for stakeholders.
Financially, the Ribeyre Gymnasium Restoration Group has a low liabilities-to-assets ratio of 0.08%, indicating strong financial health. However, the program expense ratio of 64.70% suggests that there might be room for improvement in how funds are allocated towards programmatic efforts. Addressing the identified gaps could enhance the organization's overall standing and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ribeyre Gymnasium Restoration Group legitimate?
Ribeyre Gymnasium Restoration Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ribeyre Gymnasium Restoration Group 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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What is the mission statement of Ribeyre Gymnasium Restoration Group?
The Ribeyre Gymnasium Restoration Group's mission is centered around enhancing the quality of life for a community. They aim to achieve this by restoring and redeveloping the historic Ribeyre Gymnasium. The group's objective is to revitalize this historical landmark, which in turn, contributes positively to the community's wellbeing. The restoration process is likely to include various aspects, such as structural repairs, preservation of historical features, and possibly the transformation of the gymnasium into a community facility. This undertaking may foster a sense of pride and community spirit among its residents.
Who is the CEO of Ribeyre Gymnasium Restoration Group?
Jim Scarafia is the President of Ribeyre Gymnasium Restoration Group.
What is the revenue of Ribeyre Gymnasium Restoration Group?
Ribeyre Gymnasium Restoration Group's revenue in 2022 was $65,618.
Who are the executives of Ribeyre Gymnasium Restoration Group and what are their salaries?
There 30 volunteers at Ribeyre Gymnasium Restoration Group.
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Where can I find the form 990 for Ribeyre Gymnasium Restoration Group?
Ribeyre Gymnasium Restoration Group's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ribeyre Gymnasium Restoration Group
The Ribeyre Gymnasium Restoration Group is committed to restoring the historic Ribeyre Gymnasium with the primary objective of enhancing the quality of life for the community. This nonprofit organization aims to achieve this goal through the redevelopment and restoration of the historical gymnasium. The ultimate objective is to revitalize the community by bringing back this iconic landmark, thereby contributing to its overall growth and development. The Ribeyre Gymnasium Restoration Group's mission is centered around the preservation of history while simultaneously focusing on the betterment of the community's well-being.
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Impact
August, 2024
The Ribeyre Gymnasium Restoration Group has significantly impacted the community of New Harmony, Indiana by leading the charge in restoring the historic Ribeyre Gymnasium. Through their efforts, they have not only preserved a piece of the town's history but have also enhanced the quality of life for the residents of New Harmony. By redeveloping and restoring this important cultural landmark, the Ribeyre Gymnasium Restoration Group has created a space for recreation and community engagement, improving the overall well-being of the town's inhabitants. Their dedication to this project showcases their commitment to preserving and revitalizing the heritage of New Harmony for current and future generations.
This information is meant to be a general summary of Ribeyre Gymnasium Restoration Group. 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.
- Program Service Revenue: $22,362
- Gross Receipts: $65,618
Assets and Liabilities:
- Total Assets: $730,110
- Total Liabilities: $33
- Net Assets: $730,077
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$22,362
Organization Details
Phone
(812) 682-3050Principal Officer
Jim Scarafia
Main Address
PO BOX 162, New Harmony, IN, 47631
NTEE Category
Code: N31 - Recreation
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