Overview
What is Louisville Urban League Sports And Learning Complex Inc?
Louisville Urban League Sports and Learning Complex Inc is a charitable and educational organization primarily focused on promoting amateur sports competitions. Based in Louisville, Kentucky, its mission is to contribute positively to the community of West Louisville by raising funds to transform toxic brownfields and abandoned properties into an affordable health and wellness facility, thereby fostering amateur sports competitions in a tax-exempt manner. This initiative aims to provide a lasting impact on community, economic, youth development, and health and well-being aspects of the area.
Official website here: www.sportsandlearningcomplex.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Louisville Urban League Sports and Learning Complex Inc has received a solid Three-Star rating from Charity Navigator, with an overall score of 89% based on its accountability and finance practices. This rating is particularly significant as it reflects the organization's strong commitment to financial transparency and effective governance, highlighting the presence of a predominantly independent board and robust oversight mechanisms.
One of the key strengths of the organization is its impressive program expense ratio at 96.35%, indicating that nearly all of its expenses are directed towards its programs rather than administrative costs. Additionally, the organization exhibits exceptional fundraising efficiency, with a ratio of only $0.04 spent to raise a dollar, showcasing effective use of resources. The lack of any material diversion of assets and the comprehensive suite of policies related to governance further reinforce the organization's credibility.
However, while the organization has strengths in accountability, the liabilities to assets ratio at 55.19% suggests a moderate level of debt compared to its assets. This metric could raise some concerns about financial stability in the long term. Overall, the Louisville Urban League Sports and Learning Complex Inc demonstrates a strong commitment to responsible financial management and program delivery, though potential donors might want to consider the implications of its liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Louisville Urban League Sports And Learning Complex Inc legitimate?
Louisville Urban League Sports And Learning Complex Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisville Urban League Sports And Learning Complex 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: $0
For more financial information, click here
Official website here: www.sportsandlearningcomplex.org
What is the mission statement of Louisville Urban League Sports And Learning Complex Inc?
The Louisville Urban League Sports and Learning Complex Inc is primarily organized and operated as a charitable and educational entity, with a focus on fostering national or international amateur sports competition. As a qualified amateur sports organization, its charitable and educational goals include providing a lasting community, economic, youth development, and health and well-being impact in a specific community. To achieve this, the organization raises funds to transform toxic brownfields and abandoned properties into an affordable health and wellness facility, promoting amateur sports competition in a tax-exempt manner. This facility is intended to proliferate sports activities, contributing positively to the community's overall development.
Official website here: www.sportsandlearningcomplex.org
Who is the CEO of Louisville Urban League Sports And Learning Complex Inc?
Sadiqa Reynolds is the Director of Louisville Urban League Sports And Learning Complex Inc. The CEO's salary of Louisville Urban League Sports And Learning Complex Inc is $0 and their total compensation is $286,909.
Official website here: www.sportsandlearningcomplex.org
What is the revenue of Louisville Urban League Sports And Learning Complex Inc?
Louisville Urban League Sports And Learning Complex Inc's revenue in 2022 was $4,082,137.
Official website here: www.sportsandlearningcomplex.org
Who are the executives of Louisville Urban League Sports And Learning Complex Inc and what are their salaries?
There 350 volunteers at Louisville Urban League Sports And Learning Complex Inc.
Here are 4 key members and their salaries (Louisville Urban League Sports And Learning Complex Inc's CEO's salary is $0 and their total compensation is $286,909):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $263,882
- Other: $23,027
Official website here: www.sportsandlearningcomplex.org
Where can I find the form 990 for Louisville Urban League Sports And Learning Complex Inc?
Louisville Urban League Sports And Learning Complex Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sportsandlearningcomplex.org
Learn more at the official website: www.sportsandlearningcomplex.org
Mission Statement of Louisville Urban League Sports And Learning Complex Inc
Louisville Urban League Sports and Learning Complex, Inc., a charitable and educational organization, is committed to fostering national or international amateur sports competition. Operating as a qualified amateur sports organization, its mission is to create a lasting impact on the community of West Louisville. The organization aims to raise funds to transform toxic brownfields and abandoned properties into an affordable health and wellness facility. This facility will serve as a platform for proliferating amateur sports competition in a tax-exempt manner. By doing so, Louisville Urban League Sports and Learning Complex, Inc., strives to contribute to the community's economic, youth development, and health and well-being. The organization's ultimate goal is to contribute positively to West Louisville, using sports competition as a means to achieve its charitable and educational objectives.
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Impact
July, 2024
Louisville Urban League Sports And Learning Complex Inc has a significant impact on the community of West Louisville by transforming toxic brownfields and abandoned properties into an affordable health and wellness facility. Through its efforts, the organization fosters national and international amateur sports competition, while also contributing to community development, economic growth, youth development, and overall health and well-being. This initiative creates a lasting positive impact on the community and provides opportunities for individuals to engage in sports and recreational activities in a tax-exempt manner.
This information is meant to be a general summary of Louisville Urban League Sports And Learning Complex 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: $870
- Program Service Revenue: $457,437
- Gross Receipts: $4,082,137
Assets and Liabilities:
- Total Assets: $67,024,425
- Total Liabilities: $38,517,946
- Net Assets: $28,506,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES & REBATES
Revenue
$357,437
SPONSORSHIPS
Revenue
$100,000
Organization Details
Founding Year
2019
Phone
(502) 585-4622Principal Officer
Sadiqa Reynolds
Main Address
1535 WEST BROADWAY, LOUISVILLE, KY, 40203
NTEE Category
Code: N70 - Recreation
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