Overview
What is Buffalo Golden Gloves Academy?
Buffalo Golden Gloves Academy is a nonprofit organization dedicated to the overall development of young athletes. Their primary mission is to foster a secure and stimulating environment, encouraging physical and emotional well-being while promoting the sport of boxing. By providing this activity, they aim to enhance the social development of these young individuals. The organization's objective is to promote boxing as a beneficial pastime for young athletes, contributing positively to their personal growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
Buffalo Golden Gloves Academy has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. With an overall score of 50%, the organization lacks independent board members, which can affect governance and oversight. Key policies such as conflict of interest and whistleblower protections are missing, which raises questions about the organization's commitment to transparency and ethical management.
On a positive note, the academy has reported a 100% program expense ratio, suggesting that all of its expenses are directed towards its programs. Additionally, the organization maintains a favorable liabilities to assets ratio of 0.00%. However, the absence of essential documents like board meeting minutes and tax forms on its website points to a lack of transparency that could inhibit donor confidence.
Overall, while Buffalo Golden Gloves Academy is effectively utilizing its resources for programming, the significant deficiencies in its governance and transparency practices are concerning. Prospective donors and supporters should consider these factors when evaluating the organization's overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Buffalo Golden Gloves Academy legitimate?
Buffalo Golden Gloves Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo Golden Gloves Academy 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: $0
For more financial information, click here
What is the mission statement of Buffalo Golden Gloves Academy?
The Buffalo Golden Gloves Academy's mission, as outlined by the Golden Gloves of America, Inc., is to offer a secure and stimulating environment where young athletes can engage in the activity of boxing. This mission is designed to boost the physical and emotional well-being, as well as social development, of these young individuals. The primary objective is to promote boxing as an activity, thereby providing a beneficial outlet for young athletes.
Who is the CEO of Buffalo Golden Gloves Academy?
Donald Patterson is the Pres of Buffalo Golden Gloves Academy.
What is the revenue of Buffalo Golden Gloves Academy?
Buffalo Golden Gloves Academy's revenue in 2022 was $32,048.
Who are the executives of Buffalo Golden Gloves Academy and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Buffalo Golden Gloves Academy?
Buffalo Golden Gloves Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Buffalo Golden Gloves Academy
Buffalo Golden Gloves Academy, as a mission, strives to offer a conducive and secure setting that encourages and enhances the physical and emotional well-being, as well as the social development of young athletes. Their primary objective is to promote the sport of boxing among these young individuals, providing them with a beneficial activity.
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Impact
August, 2024
Buffalo Golden Gloves Academy plays a crucial role in promoting boxing to young athletes in Buffalo, NY. By providing a safe environment that fosters physical and emotional well-being, the academy contributes to the social development of its participants. Through their dedication to youth development, Buffalo Golden Gloves Academy helps aspiring boxers build character, discipline, and athletic skills that can positively impact their lives both inside and outside the ring. The academy's impact extends beyond boxing skills, instilling valuable life lessons and creating a supportive community for young athletes to thrive.
This information is meant to be a general summary of Buffalo Golden Gloves Academy. 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: $32,048
- Gross Receipts: $32,048
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOLDEN GLOVES
Revenue
$32,048
Organization Details
Principal Officer
Donald Patterson
Main Address
389 LAFAYETTE AVE, BUFFALO, NY, 14213
NTEE Category
Code: O50 - Youth development
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