Overview
What is Hit The Books Inc?
Hit The Books Inc is a nonprofit organization situated in New York City, specifically at 145 E 57th ST FL 11, NY 10022. They are committed to uplifting underprivileged youth by offering after-school boxing classes, academic tutoring, and mentorship programs. Their primary goal is to help these young individuals excel beyond the classroom, fostering their physical, intellectual, and emotional growth. The organization strives to bridge the educational gap, providing opportunities that may otherwise be unattainable. Hit The Books Inc aims to create a nurturing environment where these youth feel safe and view the gym as a second home. The nonprofit employs 11 individuals to carry out its mission.
Official website here: www.hitthebooksnyc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star Rating
Hit The Books Inc has a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. This rating is primarily based on its Accountability & Finance score of 75%. The organization demonstrates strong governance with a fully independent board and effective audit oversight, reflecting a commitment to responsible management of funds.
However, there are critical areas needing improvement. Although the organization excels in its program expense ratio, allocating 91.58% of its funds to its programs, it lacks key policies such as a whistleblower policy and a document retention policy, which could improve transparency and governance. Additionally, the missing tax form on their website raises concerns about accessibility to financial information for stakeholders.
Overall, Hit The Books Inc shows strong financial commitment to its mission but should address its governance policies to enhance its accountability and public trust. Improving these areas could potentially enhance its rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Hit The Books Inc legitimate?
Hit The Books Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hit The Books 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: $37,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $252,303
For more financial information, click here
Official website here: www.hitthebooksnyc.org
What is the mission statement of Hit The Books Inc?
Hit The Books Inc, or HTB, is committed to serving underserved communities by offering supplementary educational resources. Their mission is achieved through a unique sports-based development approach, which includes after-school boxing classes, academic tutoring, and mentorship. The primary objective is to help underprivileged youth grow beyond the classroom, encompassing physical, intellectual, and emotional development. HTB also aims to provide opportunities that may otherwise be unattainable, fostering an atmosphere of educational equality. The organization strives to create a sense of belonging, with the gym serving as a second home where these young individuals feel secure and valued.
Official website here: www.hitthebooksnyc.org
Who is the CEO of Hit The Books Inc?
Justin Haber is the Board Member/Exec Dir-To 5/22 of Hit The Books Inc.
Official website here: www.hitthebooksnyc.org
What is the revenue of Hit The Books Inc?
Hit The Books Inc's revenue in 2022 was $750,134.
Official website here: www.hitthebooksnyc.org
Who are the executives of Hit The Books Inc and what are their salaries?
The average compensation at Hit The Books Inc during 2022 was $26,346. There are 11 employees and 11 volunteers at Hit The Books Inc.
Here are 6 key members and their salaries:
- Compensation: $35,553
- Related: $0
- Other: $1,947
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hitthebooksnyc.org
Where can I find the form 990 for Hit The Books Inc?
Hit The Books Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hitthebooksnyc.org
Learn more at the official website: www.hitthebooksnyc.org
Mission Statement of Hit The Books Inc
Hit The Books, or HTB, is a nonprofit organization with a mission to enrich underserved communities through an innovative sports-based development approach. Their primary goal is to offer after-school boxing classes to underprivileged youth, complemented by educational programs such as academic tutoring and mentorship. By doing so, Hit The Books aims to foster personal growth beyond the classroom, enabling these youth to excel in various aspects of life, including physical, intellectual, and emotional development.
Moreover, Hit The Books is dedicated to creating an environment of educational equality. This commitment involves providing opportunities that might otherwise be unattainable for these young individuals. By establishing a sense of community within the gym, Hit The Books aspires to make it a second home for these youth, where they feel secure and supported. This holistic approach to development is designed to empower these underprivileged youth, helping them overcome challenges and build a brighter future for themselves.
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Impact
July, 2024
Hit The Books Inc's impact is evident in its commitment to providing underprivileged youth with after-school boxing classes, academic tutoring, and mentorship opportunities. By focusing on physical, intellectual, and emotional development outside of the classroom, the organization helps these young individuals access educational and professional opportunities that they may not have otherwise encountered. Through fostering a sense of educational equality and creating a safe community within a community, Hit The Books Inc is making a tangible difference in the lives of those it serves.
This information is meant to be a general summary of Hit The Books 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.
- Gross Receipts: $750,134
Assets and Liabilities:
- Total Assets: $1,093,410
- Total Liabilities: $802,801
- Net Assets: $290,609
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Organization Details
Founding Year
2019
Phone
(212) 392-2660Principal Officer
Justin Haber
Main Address
145 E 57th ST FL 11, New York, NY, 10022
Website
www.hitthebooksnyc.orgNTEE Category
Code: O50 - Youth development
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