Overview
What is Colorado Youth Basketball Inc?
Colorado Youth Basketball Inc is a nonprofit organization situated in Highlands Ranch, Colorado. With a membership base of over 2,000 student athletes, they are dedicated to promoting youth development through basketball. They've partnered with the Gold Crown Foundation, allowing them to provide scholarships for kids who might otherwise be unable to participate in their events. This collaboration has expanded their reach to include participants from Northern Colorado and Colorado Springs. Colorado Youth Basketball Inc's mission is to keep children engaged in activities, which often leads to improved academic performance. They offer various basketball-related activities such as leagues, tournaments, and clinics, catering to middle school boys and girls across the state.
Official website here: www.csahoops.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Star rating, Overall score: 52%
Colorado Youth Basketball Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its financial practices and transparency. While the organization scores full marks for having a majority independent board and a strong liabilities to assets ratio, it falls short in several critical areas, particularly in its accountability and finance practices.
The nonprofit's weaknesses include a lack of essential policies such as a conflict of interest policy and a whistleblower policy, both of which scored zero points. Additionally, the organization has not made important documents like board meeting minutes or its tax form accessible on its website, which reflects a lack of transparency that may concern potential donors and stakeholders.
On the positive side, the nonprofit does allocate a notable portion of its expenses toward its programs, although this score is low compared to overall expenses. The compensation for key personnel appears minimal, with the president earning $22,500, which may reflect an effort to keep administrative costs down. However, the combination of low accountability scores and reduced program expense ratio suggests that the organization has substantial room for improvement in governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Youth Basketball Inc legitimate?
Colorado Youth Basketball Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Youth Basketball 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: $28,580
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,900
For more financial information, click here
Official website here: www.csahoops.com
What is the mission statement of Colorado Youth Basketball Inc?
Colorado Youth Basketball Inc's mission is centered around the belief that participation in activities, particularly basketball, can positively impact a child's academic performance. They offer various basketball-related activities such as leagues, tournaments, and clinics for middle school students across the state. The organization emphasizes the importance of education and encourages its members to stay in school and perform well academically. By partnering with the Gold Crown Foundation, they have been able to increase their membership to over 2,000 student athletes, providing scholarships to those who cannot afford to participate. This partnership has also allowed them to expand their reach to Northern Colorado and the Colorado Springs area, thereby impacting more lives.
Official website here: www.csahoops.com
Who is the CEO of Colorado Youth Basketball Inc?
Cassidy Bednark is the President of Colorado Youth Basketball Inc.
Official website here: www.csahoops.com
What is the revenue of Colorado Youth Basketball Inc?
Colorado Youth Basketball Inc's revenue in 2022 was $78,691.
Official website here: www.csahoops.com
Who are the executives of Colorado Youth Basketball Inc and what are their salaries?
The average compensation at Colorado Youth Basketball Inc during 2022 was $9,120. There are 4 employees and 12 volunteers at Colorado Youth Basketball Inc.
Here are 3 key members and their salaries:
- Compensation: $16,446
- Related: $0
- Other: $0
- Compensation: $5,962
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
Official website here: www.csahoops.com
Where can I find the form 990 for Colorado Youth Basketball Inc?
Colorado Youth Basketball Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.csahoops.com
Learn more at the official website: www.csahoops.com
Mission Statement of Colorado Youth Basketball Inc
Colorado Youth Basketball Inc, recognizing the positive impact of extracurricular activities on children's academic performance and overall well-being, is committed to promoting basketball-related activities for middle school students across the state. Their mission is twofold: providing leagues, tournaments, and clinics for both boys and girls, and emphasizing youth development through membership with USA Basketball. This membership enables Colorado Youth Basketball Inc to educate parents, coaches, and players about the importance of nurturing young athletes.
Partnering with the Gold Crown Foundation, the organization has expanded its reach and influence, boosting its membership to over 2,000 student athletes. This partnership has also allowed Colorado Youth Basketball Inc to direct its funding towards scholarships, ensuring that children who might otherwise be unable to participate in their events have an opportunity to do so. The organization's outreach has extended beyond its initial base, drawing in participants from Northern Colorado and the Colorado Springs area, thereby broadening its impact andreach.
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Impact
August, 2024
Colorado Youth Basketball Inc's impact is significant, reaching over 2,000 student athletes through its partnership with the Gold Crown Foundation. By providing scholarships to those in need, the organization ensures that all kids, regardless of financial means, can participate in basketball events. This not only promotes physical activity but also contributes to improved academic performance and school retention. The organization's dedication to youth development is evident in its expansion to include participants from Northern Colorado and Colorado Springs, ultimately reaching and teaching more individuals than ever before.
This information is meant to be a general summary of Colorado Youth Basketball 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: $3
- Gross Receipts: $1,218,837
Assets and Liabilities:
- Total Assets: $5,256
- Total Liabilities: $50,855
- Net Assets: -$45,599
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Organization Details
Founding Year
1991
Phone
(720) 933-2591Principal Officer
Cassidy Bednark
Main Address
1188 ENGLISH SPARROW TRAIL, HIGHLANDS RANCH, CO, 80129
Website
www.csahoops.comNTEE Category
Code: O20Z - Youth development
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