Overview
What is Fury Legacy Fund Inc?
Fury Legacy Fund Inc, situated in Georgetown, Texas, is a nonprofit organization with a single employee. Their mission is centered around providing competitive opportunities for athletes, allowing them to excel beyond their school settings. Through organized competitions and rigorous training, the fund strives to foster growth and development in these athletes, ensuring they have a platform for showcasing their skills. The organization's activities are geared towards offering an alternative arena for athletes to sharpen their skills and talents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Fury Legacy Fund Inc has received a low rating of 56%, which indicates significant concerns related to its accountability and financial practices. The charity is particularly lacking in independent board members, with 0% of its board being independent, which raises questions about governance and oversight. Additionally, the charity has not provided publicly accessible financial statements and has missing policies for whistleblower protection and document retention, which are critical for maintaining transparency and trust.
Despite these weaknesses, the organization has demonstrated a strong program expense ratio of 100%, suggesting that all of its expenses are directed toward its programs, which is a positive aspect. It also has a good ratio of liabilities to assets at 6.74%, indicating that financial obligations are manageable. The presence of board meeting minutes points to some level of operational transparency, but the overall lack of essential financial documentation and policies is a significant limitation.
In summary, while the Fury Legacy Fund Inc shows some strengths in program spending, the overall governance, financial transparency, and accountability issues reflected in its score are concerning. Potential donors and stakeholders may want to consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Fury Legacy Fund Inc legitimate?
Fury Legacy Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fury Legacy Fund 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: $66,780
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fury Legacy Fund Inc?
Fury Legacy Fund Inc's mission is centered around providing competitive opportunities for athletes beyond their school settings. Through organized competitions and training sessions, the organization aims to empower these athletes, fostering their growth and skill development outside of the traditional educational environment.
Who is the CEO of Fury Legacy Fund Inc?
Nicole Krieg is the Director of Fury Legacy Fund Inc.
What is the revenue of Fury Legacy Fund Inc?
Fury Legacy Fund Inc's revenue in 2022 was $1,429,462.
Who are the executives of Fury Legacy Fund Inc and what are their salaries?
The average compensation at Fury Legacy Fund Inc during 2022 was $66,780. There is 1 employee at Fury Legacy Fund Inc.
There is 1 key member and their salary:
- Compensation: $66,780
- Related: $0
- Other: $0
Where can I find the form 990 for Fury Legacy Fund Inc?
Fury Legacy Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fury Legacy Fund Inc
Fury Legacy Fund Inc, as a nonprofit organization, is committed to providing a unique opportunity for athletes. Their mission, in simple terms, is to facilitate competitions and training programs for these athletes. This mission serves a significant purpose, allowing athletes to continue honing their skills beyond the confines of their school environments. By offering these competitive platforms, Fury Legacy Fund Inc empowers athletes to push their limits, improve their abilities, and potentially pursue their passions at a higher level.
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Impact
July, 2024
Fury Legacy Fund Inc provides a platform for athletes to participate in competitive sports and receive training beyond the school environment. Through their activities, they offer opportunities for athletes to enhance their skills and compete at a higher level. Their focus on education through sports can inspire young athletes to achieve their full potential and pursue their athletic dreams.
This information is meant to be a general summary of Fury Legacy Fund 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: $6
- Program Service Revenue: $1,402,356
- Gross Receipts: $1,429,462
Assets and Liabilities:
- Total Assets: $463,377
- Total Liabilities: $31,267
- Net Assets: $432,110
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$1,402,356
Organization Details
Founding Year
2018
Principal Officer
Nicole Krieg
Main Address
110 Ridgewood Dr, Georgetown, TX, 78628
NTEE Category
Code: B11 - Education
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