Overview
What is Lgkm?
Lgkm, also known as Vegas United Volleyball Club, is a nonprofit organization situated in Las Vegas, Nevada. With a staff of 45 individuals, their mission is to support and foster the growth of athletes in the Las Vegas Valley. They provide essential resources such as coaching, facilities, uniforms, and supplies, enabling volleyball players to enhance their skills and teamwork. Furthermore, they arrange transportation and lodging for tournaments, offering opportunities for players to showcase their talents. Their primary activity revolves around contributing to the athletic development of local youth, offering training and mentorship.
Official website here: www.vegasunitedvc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51%, One-Star out of Four Star rating.
This nonprofit's performance is rated at 51%, which indicates significant room for improvement in accountability and financial transparency. While the organization has a majority of independent board members, it lacks sufficient independent board size, and critical financial documentation is missing, contributing to its low score. The financial statements are not provided, which raises concerns about its financial health and oversight.
On a positive note, the organization has demonstrated a high program expense ratio of nearly 90%, suggesting that a substantial portion of its resources is dedicated to its mission-related activities. Additionally, there are no reported issues with the diversion of assets, which is a positive indicator of financial integrity. The presence of a conflict of interest policy and proper documentation of board meeting minutes also reflect some adherence to governance best practices.
However, the absence of a whistleblower policy and missing financial documents on its website are significant shortcomings. The liabilities to assets ratio of over 147% raises alarms regarding its financial stability, indicating that the organization may be operating with a high level of debt relative to its assets. Overall, while Lgkm shows a commitment to its programs, the lack of transparency and governance practices presents challenges that need urgent attention.
This AI summary has been generated from information found on Charity Navigator.
Is Lgkm legitimate?
Lgkm is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lgkm 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: $36,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $264,255
For more financial information, click here
Official website here: www.vegasunitedvc.com
What is the mission statement of Lgkm?
Lgkm, an organization dedicated to athletics, aims to foster the ongoing growth and achievement of athletes in a specific region. They accomplish this by offering support, training, and mentorship. Specifically, they provide essential resources such as coaches, facilities, uniforms, and supplies, and they facilitate opportunities for athletes by arranging transportation and lodging for tournaments. This enables athletes to enhance their skills and develop strong teamwork abilities.
Official website here: www.vegasunitedvc.com
Who is the CEO of Lgkm?
Robert Rios is the Statement of Lgkm.
Official website here: www.vegasunitedvc.com
What is the revenue of Lgkm?
Lgkm's revenue in 2023 was $1,270,472.
Official website here: www.vegasunitedvc.com
Who are the executives of Lgkm and what are their salaries?
The average compensation at Lgkm during 2023 was $6,693. There are 45 employees and 10 volunteers at Lgkm.
There is 1 key member and their salary:
- Compensation: $36,950
- Related: $0
- Other: $0
Official website here: www.vegasunitedvc.com
Where can I find the form 990 for Lgkm?
Lgkm's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vegasunitedvc.com
Learn more at the official website: www.vegasunitedvc.com
Mission Statement of Lgkm
Lgkm, short for Las Vegas Valley's athletic nonprofit organization, is committed to fostering the growth and success of local athletes. Their mission is to provide vital support, training, and mentorship to the athletes of Las Vegas Valley. By offering coaches, facilities, uniforms, and essential supplies, Lgkm empowers volleyball players to enhance their athletic abilities and develop strong teamwork skills. Furthermore, the organization goes beyond the basic needs by offering transportation and lodging for tournaments, creating ample opportunities for athletes to showcase their talents and expand their horizons. In essence, Lgkm plays an essential role in nurturing and developing the athletic potential of Las Vegas Valley's youth.
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Impact
July, 2024
Lgkm's impact can be seen in the significant growth and success of Las Vegas Valley's athletes. By providing essential support, training, and mentorship to volleyball players, Lgkm has enabled individuals to enhance their athletic skills and develop strong teamwork abilities. Through the provision of coaches, facilities, uniforms, supplies, transportation, and lodging for tournaments, Lgkm has created valuable opportunities for athletes to thrive. This has not only contributed to the individual growth of players but has also fostered a strong sense of community and camaraderie among those involved in the program. The impact of Lgkm extends beyond the volleyball court, inspiring individuals to reach their full potential and make positive contributions to the community.
This information is meant to be a general summary of Lgkm. 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: $4,754
- Program Service Revenue: $1,265,718
- Gross Receipts: $1,270,472
Assets and Liabilities:
- Total Assets: $372,592
- Total Liabilities: $548,605
- Net Assets: -$176,013
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VUVC Club Dues
Revenue
$1,231,503
Clubs/Clinics
Revenue
$34,215
Organization Details
Founding Year
2016
Phone
(702) 481-0816Principal Officer
Robert Rios
Main Address
PO Box 93621, Las Vegas, NV, 89193
Website
www.vegasunitedvc.comNTEE Category
Code: N60 - Recreation
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