Overview
What is Somerset Youth Hockey Association?
The Somerset Youth Hockey Association, situated in Somerset, Wisconsin, is a nonprofit organization committed to fostering hockey skills in children of all ages. Established at a PO Box location, it offers a dedicated hockey arena for local residents and various hockey teams to hone their hockey abilities. The association serves as a platform for community engagement, providing an opportunity for both young and experienced players to develop their skills in the sport. With a team of 10 dedicated individuals, Somerset Youth Hockey Association plays a significant role in promoting hockey culture and nurturing the talent of future hockey enthusiasts in the region.
Official website here: www.somersethockey.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Somerset Youth Hockey Association has received a low rating due to significant issues in its accountability and finance practices. While the organization boasts a fully independent board, which is a positive aspect, it struggles with transparency, particularly regarding financial statements and the presence of essential policies. The absence of a conflict of interest policy and a whistleblower policy raises concerns about governance practices.
Strengths include a high program expense ratio of 100%, indicating that all of its funds are directed toward its programs. However, the lack of required financial documentation and policies hinders its overall standing. The organization’s liabilities to assets ratio is notably high at 86.44%, which could suggest financial instability.
Overall, while the Somerset Youth Hockey Association is committed to its programming, the serious gaps in financial transparency and governance policies must be addressed to improve its accountability and build trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Somerset Youth Hockey Association legitimate?
Somerset Youth Hockey Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Youth Hockey Association 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: $148,556
For more financial information, click here
Official website here: www.somersethockey.com
What is the mission statement of Somerset Youth Hockey Association?
The Somerset Youth Hockey Association's mission is centered around offering local communities and diverse hockey teams an opportunity to learn and improve their hockey skills. By maintaining a local school hockey team and providing a hockey arena, they facilitate the teaching of hockey to children of all ages. This association serves as a platform for the growth and development of hockey talent within the community.
Official website here: www.somersethockey.com
Who is the CEO of Somerset Youth Hockey Association?
Shannon Ducklow is the President of Somerset Youth Hockey Association.
Official website here: www.somersethockey.com
What is the revenue of Somerset Youth Hockey Association?
Somerset Youth Hockey Association's revenue in 2022 was $675,470.
Official website here: www.somersethockey.com
Who are the executives of Somerset Youth Hockey Association and what are their salaries?
The average compensation at Somerset Youth Hockey Association during 2022 was $14,856. There are 10 employees and 50 volunteers at Somerset Youth Hockey Association.
Here are 9 key members and their salaries:
- Compensation: $103,051
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.somersethockey.com
Where can I find the form 990 for Somerset Youth Hockey Association?
Somerset Youth Hockey Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.somersethockey.com
Learn more at the official website: www.somersethockey.com
Mission Statement of Somerset Youth Hockey Association
The Somerset Youth Hockey Association serves as a platform, providing local residents and various local hockey teams with the chance to learn and hone their hockey skills. By maintaining a local school hockey team and offering a hockey arena, this organization offers a space for children of all ages to engage in the sport. The association's mission is not just about teaching the fundamentals of hockey but also fostering a community where local hockey teams can grow and thrive.
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Impact
July, 2024
Somerset Youth Hockey Association has provided a vital platform for local residents in Somerset, WI, and various local hockey teams to learn and enjoy the sport of hockey. By maintaining a local school hockey team and offering a dedicated arena for hockey training, the organization has empowered children of all ages to develop their skills and passion for the game. Through its efforts, Somerset Youth Hockey Association has made a significant impact on the community by fostering a love for the sport and promoting physical activity among youth.
This information is meant to be a general summary of Somerset Youth Hockey Association. 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
- Program Service Revenue: $210,673
- Gross Receipts: $738,865
Assets and Liabilities:
- Total Assets: $1,029,804
- Total Liabilities: $854,579
- Net Assets: $175,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ICE RENTAL - PRIME TIME
Revenue
$124,937
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$85,736
Organization Details
Founding Year
1993
Phone
(715) 247-4445Principal Officer
Shannon Ducklow
Main Address
PO BOX 385, SOMERSET, WI, 54025
Website
www.somersethockey.comNTEE Category
Code: N680 - Recreation
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