Overview
What is Olympic Club Foundation?
The Olympic Club Foundation, situated in San Francisco, California, is a nonprofit organization dedicated to fostering athletic programs that enrich young lives and nurture future community leaders. In 2022, they aided 68 nonprofit organizations, allowing youth aged 8 to 18 to engage in organized sports. The foundation's mission is to financially support these initiatives, aligning with their belief in the transformative impact of sports participation on young individuals. With a modest workforce of just two individuals, this charitable entity plays a significant role in promoting the growth and development of young athletes in the community.
Official website here: www.olympicclubfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Olympic Club Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid performance in its Accountability and Finance metrics. With an overall score of 81%, the foundation demonstrates good governance and transparency, benefiting from a fully independent board and no material diversions of assets.
The foundation excels in its financial health, indicated by a program expense ratio of 73.76%, which shows a significant portion of its funds allocated to its programs. Additionally, it has implemented essential policies, such as conflict of interest and whistleblower protections, which contribute to its strong accountability framework.
However, while its financial metrics are solid, potential donors may want to consider other aspects of the foundation's impact and program effectiveness. The rating primarily focuses on financial accountability, so insights into program outcomes and community impact are less emphasized in the current assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Olympic Club Foundation legitimate?
Olympic Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olympic Club Foundation 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: $246,236
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,950
For more financial information, click here
Official website here: www.olympicclubfoundation.org/
What is the mission statement of Olympic Club Foundation?
The Olympic Club Foundation's mission is centered around financially supporting programs that align with their belief in the enriching impact of organized athletics on young lives and the development of future community leaders. Their mission is to contribute financially to initiatives that foster this belief. In 2022, the foundation supported 68 nonprofit organizations offering organized sports to youth between the ages of 8 and 18.
Official website here: www.olympicclubfoundation.org/
Who is the CEO of Olympic Club Foundation?
Stephen Wynne is the President of Olympic Club Foundation.
Official website here: www.olympicclubfoundation.org/
What is the revenue of Olympic Club Foundation?
Olympic Club Foundation's revenue in 2022 was $1,774,921.
Official website here: www.olympicclubfoundation.org/
Who are the executives of Olympic Club Foundation and what are their salaries?
The average compensation at Olympic Club Foundation during 2022 was $162,593. There are 2 employees and 100 volunteers at Olympic Club Foundation.
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- Compensation: $245,000
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- Other: $11,468
Official website here: www.olympicclubfoundation.org/
Where can I find the form 990 for Olympic Club Foundation?
Olympic Club Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.olympicclubfoundation.org/
Learn more at the official website: www.olympicclubfoundation.org/
Mission Statement of Olympic Club Foundation
The Olympic Club Foundation, a philanthropic organization, is dedicated to financially backing programs that align with its belief that organized athletics significantly enrich the lives of young individuals and aid in the development of future community leaders. The mission of the Olympic Club Foundation is to foster and support such programs, thereby contributing to the personal growth and leadership potential of young people aged between 8 and 18. In 2022, the foundation extended its support to 68 nonprofit organizations, each offering organized sports opportunities for this age group.
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Impact
July, 2024
The Olympic Club Foundation's impact is significant in supporting athletic programs that enrich young lives and develop future community leaders. In 2022, the foundation funded 68 organizations affiliated with the Olympic Club Foundation, providing organized sports activities to youth between the ages of 8 and 18. By financially supporting programs that emphasize the positive impact of participation in organized athletics, the foundation is contributing to the personal growth and leadership development of young individuals in the San Francisco area.
This information is meant to be a general summary of Olympic Club Foundation. 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: $11,998
- Gross Receipts: $4,444,805
Assets and Liabilities:
- Total Assets: $6,106,634
- Total Liabilities: $85,839
- Net Assets: $6,020,795
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Organization Details
Founding Year
1992
Phone
(415) 345-5230Principal Officer
Stephen Wynne
Main Address
524 POST STREET, SAN FRANCISCO, CA, 94102
NTEE Category
Code: X117 - Religion related
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