Overview
What is Sports Authority Foundation?
The Sports Authority Foundation, situated in Houston, Texas, is a charitable organization with a mission to support and empower individuals involved in amateur athletics. Established by three prominent Houston quarterbacks who were raised by single mothers, the foundation emphasizes the significance of education. It achieves this by offering scholarships to student athletes raised in single-parent households. The Sports Authority Foundation sponsors various athletic workshops, activities, and competitions, providing opportunities for both able-bodied and disabled individuals. Additionally, the foundation participates in mentoring programs for students, teachers, and coaches, aiming to combat juvenile delinquency by offering recreational outlets for young people.
Official website here: www.sportsauthorityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%, Zero-Star out of Four Star rating.
The Sports Authority Foundation has received a low rating of 48% from Charity Navigator, indicating significant concerns regarding its financial health and accountability. While the foundation has a fully independent board and maintains proper audit practices, several critical policies, such as those for conflict of interest and whistleblower protections, are missing. This raises questions about the organization's governance and overall transparency.
Financially, the foundation struggles with a high liabilities-to-assets ratio of 80.73%, suggesting potential solvency issues. Additionally, its program expense ratio is only 22.18%, which means that a substantial portion of its resources may not be directed toward its intended programs or mission. These financial metrics contribute to the organization’s overall low score and raise concerns about its effectiveness in delivering on its charitable objectives.
While the foundation has certain strengths in governance structure, the lack of essential policies and poor financial ratios highlight significant limitations that potential donors or supporters should consider. Engaging with an organization that has such a low accountability and finance score may not align with the expectations of those looking to make a positive impact through their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Sports Authority Foundation legitimate?
Sports Authority Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sports Authority 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.
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Official website here: www.sportsauthorityfoundation.org
What is the mission statement of Sports Authority Foundation?
The Sports Authority Foundation (SAF) is dedicated to supporting amateur athletics by sponsoring workshops, activities, and competitions. This includes initiatives for individuals with disabilities or special needs. Furthermore, SAF offers scholarships for student athletes and amateur competitive events. The foundation also engages in mentoring programs for students, teachers, and coaches to foster personal growth. In an effort to combat juvenile delinquency, SAF sponsors recreational outlets for young people, providing them with positive alternatives.
Official website here: www.sportsauthorityfoundation.org
Who is the CEO of Sports Authority Foundation?
Tom Waggoner is the Chairman of Sports Authority Foundation.
Official website here: www.sportsauthorityfoundation.org
What is the revenue of Sports Authority Foundation?
Sports Authority Foundation's revenue in 2022 was $1,277,804.
Official website here: www.sportsauthorityfoundation.org
Who are the executives of Sports Authority Foundation and what are their salaries?
There 25 volunteers at Sports Authority Foundation.
Here are 7 key members and their salaries:
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Official website here: www.sportsauthorityfoundation.org
Where can I find the form 990 for Sports Authority Foundation?
Sports Authority Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sportsauthorityfoundation.org
Learn more at the official website: www.sportsauthorityfoundation.org
Mission Statement of Sports Authority Foundation
The Sports Authority Foundation, in its mission, sponsors and supports various amateur athletic workshops, activities, and competitions. It extends its aid to student activities and scholarly pursuits, as well as to amateur competitive athletics. The organization also offers educational support and opportunities to students, student athletes, and amateur competitive athletes, among others. In addition to this, the Foundation participates in mentoring programs for students, teachers, and coaches. It plays a role in combating juvenile delinquency by providing recreational outlets for young people. Furthermore, the Sports Authority Foundation is committed to supporting amateur athletic associations and their workshops, activities, and competitions, including those specifically designed for individuals with disabilities and special needs.
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Impact
July, 2024
The Sports Authority Foundation's impact includes sponsoring, conducting, and supporting amateur athletic workshops, activities, and competitions. They also provide scholarships for student athletes and amateur competitive athletics, as well as offer educational support and opportunities for students, student athletes, coaches, and more. One notable program is the Brothers In Arms Scholarship Program, which offers financial assistance and scholarships to student athletes who are raised in single-parent environments. Additionally, the foundation sponsors workshops and activities for disabled and special needs individuals, participates in mentoring programs for students, teachers, and coaches, and helps combat juvenile delinquency by providing recreational outlets for young people. Overall, the Sports Authority Foundation has a significant impact on promoting amateur athletics, education, and community engagement in Houston, TX.
This information is meant to be a general summary of Sports Authority 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.
- Gross Receipts: $1,277,804
Assets and Liabilities:
- Total Assets: $2,562,257
- Total Liabilities: $2,068,697
- Net Assets: $493,560
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Organization Details
Founding Year
2017
Phone
(713) 308-5910Principal Officer
Tom Waggoner
Main Address
701 Avenida de las Americas Ste 450, Houston, TX, 77010
NTEE Category
Code: N70 - Recreation
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