Overview
What is Cincinnati Cyclones Foundation?
The Cincinnati Cyclones Foundation is a nonprofit organization situated in Cincinnati, Ohio. Their primary mission is to positively impact children and youth within the local community by providing hockey equipment, instruction, training, and donated ice rink time. This initiative aims to foster physical health, teamwork, education, and essential life skills in the young recipients. The foundation's activities are centered around promoting these attributes, significantly contributing to the personal growth and development of the children and youth in the greater Cincinnati area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating.
The Cincinnati Cyclones Foundation has received a 65% rating from Charity Navigator, indicating areas for improvement regarding accountability and financial transparency. While the organization excels in several aspects, such as having a fully independent board and a strong program expense ratio, it faces significant challenges due to missing financial statements and various essential policies that are not publicly available.
Strengths of the foundation include a high program expense ratio of 98.19%, which suggests that a large portion of its resources is directed towards its programs rather than administrative costs. Additionally, the foundation demonstrates strong governance through its independent board structure, with no material diversion of assets noted. However, the lack of required financial documentation and transparency practices raises concerns about its accountability to donors and the public.
The foundation's missing conflict of interest policy, whistleblower policy, and the absence of posted financial statements on its website indicate a need for improved governance practices. Overall, while the Cincinnati Cyclones Foundation shows promise in its commitment to its mission, enhancing transparency and accountability would significantly strengthen its standing and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Cincinnati Cyclones Foundation legitimate?
Cincinnati Cyclones Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cincinnati Cyclones 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: $14,600
For more financial information, click here
What is the mission statement of Cincinnati Cyclones Foundation?
The Cincinnati Cyclones Foundation's mission is centered around promoting physical health, teamwork, education, and life skills primarily for children and youth in their community. They strive to accomplish this by providing hockey equipment, instruction, training, and donated ice rink time for the benefit of these young individuals. The foundation aims to contribute positively to their overall development, fostering a sense of teamwork and personal growth.
Who is the CEO of Cincinnati Cyclones Foundation?
Kristin Ropp is the President & Director of Cincinnati Cyclones Foundation.
What is the revenue of Cincinnati Cyclones Foundation?
Cincinnati Cyclones Foundation's revenue in 2022 was $644,724.
Who are the executives of Cincinnati Cyclones Foundation and what are their salaries?
There 3 volunteers at Cincinnati Cyclones Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cincinnati Cyclones Foundation?
Cincinnati Cyclones Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cincinnati Cyclones Foundation
The Cincinnati Cyclones Foundation is committed to fostering physical health, teamwork, education, and essential life skills primarily among children and youth residing in the broader Cincinnati community. Their mission, as stated, is to promote these fundamental aspects, thereby contributing positively to the growth and development of these young individuals.
To actualize this mission, the Cincinnati Cyclones Foundation provides essential hockey equipment, guidance, and training, in addition to donating valuable ice rink time. These resources are tailored to benefit young individuals, thereby empowering them with the practical skills and confidence necessary to thrive. Through this approach, the foundation aims to contribute to a healthier and more capable generation of individuals within the Cincinnati community.
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Impact
July, 2024
The Cincinnati Cyclones Foundation has a significant impact on the Greater Cincinnati community by promoting physical health, teamwork, education, and life skills for children and youth. Through providing hockey equipment, instruction, training, and donated ice rink time, the foundation enhances the lives of young individuals in the area. Their focus on youth development helps create opportunities for growth and development among children, positively influencing their overall well-being and future prospects.
This information is meant to be a general summary of Cincinnati Cyclones 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.
- Program Service Revenue: $99,230
- Gross Receipts: $827,398
Assets and Liabilities:
- Total Assets: $623,646
- Total Liabilities: $7,111
- Net Assets: $616,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOCKEY CAMP INCOME
Revenue
$50,468
TICKET SALES
Revenue
$48,762
Organization Details
Founding Year
2017
Phone
(513) 421-3222Principal Officer
Kristin Ropp
Main Address
100 BROADWAY, CINCINNATI, OH, 45202
NTEE Category
Code: O50 - Youth development
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