Overview
What is Cornbelt Running Club?
Cornbelt Running Club is a nonprofit organization with a mission to foster running participation across various age groups and skill levels. While the provided information is limited, it suggests that the club promotes running as an activity, encouraging engagement regardless of one's proficiency. The specific activities or initiatives undertaken by the club remain undisclosed, but the mission statement hints at a broad spectrum of involvement opportunities. It is essential to note that the availability of more comprehensive details about the club might be restricted due to the mentioned profile view limit for unregistered users.
Official website here: www.cornbelt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two Stars)
The Cornbelt Running Club has received a Two-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 73%. This rating indicates that while the organization is performing adequately, there are significant areas needing improvement. Notably, the club boasts a fully independent board with 100% of its members meeting this criterion, which is a strong indicator of accountability and governance.
On the financial front, the Cornbelt Running Club exhibits a high program expense ratio of 97.62%, suggesting that almost all funds are directed towards its programs rather than administrative costs. However, it has received a score of zero for missing key financial policies, such as a whistleblower policy and document retention procedures, which raises concerns about its operational transparency and governance practices.
While the organization has strengths in terms of board independence and financial ratios, the absence of crucial documentation and policies points to potential governance weaknesses. Improving these areas could enhance the club's overall accountability and effectiveness, ultimately helping it achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Cornbelt Running Club legitimate?
Cornbelt Running Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornbelt Running Club 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.cornbelt.org
What is the mission statement of Cornbelt Running Club?
The Cornbelt Running Club's mission is centered around promoting running as a recreational activity, catering to individuals of all ages and skill levels. Their objective is to foster an inclusive environment where everyone can engage in running, regardless of their experience or ability.
Official website here: www.cornbelt.org
Who is the CEO of Cornbelt Running Club?
Paul Schmidt is the President of Cornbelt Running Club.
Official website here: www.cornbelt.org
What is the revenue of Cornbelt Running Club?
Cornbelt Running Club's revenue in 2022 was $776,644.
Official website here: www.cornbelt.org
Who are the executives of Cornbelt Running Club and what are their salaries?
There 1200 volunteers at Cornbelt Running Club.
Here are 11 key members and their salaries:
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Official website here: www.cornbelt.org
Where can I find the form 990 for Cornbelt Running Club?
Cornbelt Running Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornbelt.org
Learn more at the official website: www.cornbelt.org
Mission Statement of Cornbelt Running Club
Cornbelt Running Club, as its name suggests, is an organization dedicated to promoting running at various ages and skill levels. Their mission is to encourage and foster a love for running among individuals, regardless of their experience or ability. By doing so, they aim to create a community that celebrates and supports one another in their running journeys. This mission is reflected in their activities and initiatives, which are designed to engage and inspire runners at all stages of their running careers.
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Impact
July, 2024
Cornbelt Running Club's impact is evident in the way it promotes running at all ages and skill levels in Davenport, IA. Through its activities and events, the club encourages individuals to embrace the benefits of running, fostering a sense of community and wellness among its members. The club's dedication to recreational running contributes to the overall health and fitness of its participants, inspiring them to lead active and balanced lifestyles.
This information is meant to be a general summary of Cornbelt Running Club. 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: $2,999
- Program Service Revenue: $438,599
- Gross Receipts: $787,691
Assets and Liabilities:
- Total Assets: $1,041,679
- Total Liabilities: $7,418
- Net Assets: $1,034,261
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACE ENTRY FEES
Revenue
$438,599
Organization Details
Founding Year
1978
Principal Officer
Paul Schmidt
Main Address
315 E GEORGE WASHINGTON BLVD, DAVENPORT, IA, 52803
Website
www.cornbelt.orgNTEE Category
Code: N60 - Recreation
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