Overview
What is Vegas Golden Knights Foundation Inc?
Established as the charitable arm of the Las Vegas Golden Knights hockey team, Vegas Golden Knights Foundation Inc is a 501(c)(3) organization dedicated to supporting local non-profits in Las Vegas. Through direct grants and fundraising partnerships, the foundation aims to make a positive impact on the community every day. The foundation's efforts are primarily funded through various sources, including corporate sponsorships, ticket sales, signature events, in-game programs, and merchandise sales. By serving as the primary link between the team and the community, the Vegas Golden Knights Foundation strives to inspire and strengthen Las Vegas, with their players, coaches, and staff setting a positive example for their loyal fans.
Official website here: www.nhl.com/goldenknights/community/vg
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Vegas Golden Knights Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 67%. This rating indicates that while the organization is performing adequately in certain financial aspects, there are significant areas that require attention, particularly in governance and accountability.
The foundation demonstrates strengths in its financial management, including a solid program expense ratio of 83.52% and efficient fundraising with a low cost of $0.12 per dollar raised. Additionally, the organization has no liabilities to assets ratio concerns and maintains a healthy working capital ratio of 1.77 years, suggesting good liquidity and resource management.
However, the nonprofit faces critical challenges regarding transparency and governance practices, as evidenced by the absence of an independent board and missing policies on conflicts of interest and whistleblower protections. These limitations may hinder the foundation's overall effectiveness and trustworthiness in the eyes of potential donors and community stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Vegas Golden Knights Foundation Inc legitimate?
Vegas Golden Knights Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vegas Golden Knights 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $341,012
For more financial information, click here
Official website here: www.nhl.com/goldenknights/community/vg
What is the mission statement of Vegas Golden Knights Foundation Inc?
The Vegas Golden Knights Foundation serves as the primary charitable link between the National Hockey League's newest team and the local community. Their mission, as a 501(C)(3) organization, involves supporting various non-profits that significantly impact the community through direct grants and fundraising partnerships. The foundation sources its funds through corporate sponsorships, ticket sales, signature events, in-game programs, and merchandise sales. The Vegas Golden Knights, recognizing their role as Las Vegas' first major professional sports team, strive to strengthen and inspire the community. The team and its staff set an example for their loyal fans, encouraging them to become agents of growth and change within themselves.
Official website here: www.nhl.com/goldenknights/community/vg
Who is the CEO of Vegas Golden Knights Foundation Inc?
Kerry Bubolz is the Trustee of Vegas Golden Knights Foundation Inc.
Official website here: www.nhl.com/goldenknights/community/vg
What is the revenue of Vegas Golden Knights Foundation Inc?
Vegas Golden Knights Foundation Inc's revenue in 2022 was $4,237,650.
Official website here: www.nhl.com/goldenknights/community/vg
Who are the executives of Vegas Golden Knights Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $77,700
- Other: $3,842
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nhl.com/goldenknights/community/vg
Where can I find the form 990 for Vegas Golden Knights Foundation Inc?
Vegas Golden Knights Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhl.com/goldenknights/community/vg
Learn more at the official website: www.nhl.com/goldenknights/community/vg
Mission Statement of Vegas Golden Knights Foundation Inc
The Vegas Golden Knights Foundation Inc serves as the primary charitable link between the National Hockey League's newest team and the community. This 501(c)(3) organization, named after the Vegas Golden Knights, supports various Las Vegas non-profits that make a significant impact everyday. They achieve this through direct grants and funding partnerships, which are primarily funded by corporate sponsorships, ticket sales, signature events, in-game programs, and merchandise sales. The Vegas Golden Knights, being Las Vegas' first major professional sports team, recognize and embrace their duty to strengthen and inspire their community. Their players, coaches, and staff set an exemplary tone, encouraging their loyal fans to become agents of growth and change. The foundation's mission is to uplift the community by supporting worthy causes and promoting positive change.
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Impact
July, 2024
The Vegas Golden Knights Foundation Inc positively impacts the Las Vegas community by supporting local nonprofits through direct grants and fundraising partnerships. By leveraging corporate sponsorships, ticket sales, signature events, in-game programs, and merchandise sales, the foundation ensures that deserving organizations receive the necessary resources to make a difference every day. As the first major professional sports team in Las Vegas, the Vegas Golden Knights take pride in their role as a charitable link between the team and the community, inspiring fans to become agents of growth and change. Their dedication to philanthropy sets an example for others to follow, strengthening and uplifting the community at large.
This information is meant to be a general summary of Vegas Golden Knights 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.
- Investment Income: $19,024
- Gross Receipts: $5,382,022
Assets and Liabilities:
- Total Assets: $5,137,335
- Total Liabilities: $543,680
- Net Assets: $4,593,655
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Organization Details
Founding Year
2017
Phone
(702) 790-2654Principal Officer
Kerry Bubolz
Main Address
1550 S PAVILION CENTER DRIVE, LAS VEGAS, NV, 89135
NTEE Category
Code: T30 - Philanthropy
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