Vegas Golden Knights Foundation Inc
Nonprofit profile at a glance
- EIN
- 815478336
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Las Vegas, NV, USA
- Phone
- 7027902654
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $5,194,001
- Expenses
- $2,625,366
- Assets
- $9,844,581
- Liabilities
- $259,652
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- KIM FRANK (PRESIDENT)
Highest reported compensation
- KIM FRANK (PRESIDENT): $257,965 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The vegas golden knights foundation is a 501(c)(3) organization that serves as the primary charitable link between the nhl team and the las vegas community.through our namesake foundation, the vegas golden knights support las vegas non-profits that make a difference every day via direct grants and fundraising partnerships. These iniatives are funded through corporate sponsorships, ticket sales, signature events, in-game programs, and merchandise sales. As las vegas' first major professional sports team, the vegas golden knights recognize and embrace our duty to stregthen and inspire our community.our players, coaches and staff enthusiastically set the example for our loyal fans, whom we hope to encourage to become agents of growth and change themselves.
What it reported doing in 2024
The foundation also focuses on a) securing the future of las vegas military, first responders, and their families, especially those who have suffered a sacrifice for the greater good and b) fostering the physical, social, and emotional growth of las vegas youth, with emphasis on sports.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 68
- Accountability: 5
- Sustainability: 76
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 46.1%; rating input score 46
- Program expense ratio: 82%; rating input score 82
- Fundraising efficiency: $7.74 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 96.3%; rating input score 96; 31st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 49.5%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 3.75; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -14.5% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 31.3% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 46.1% of revenue deployed · 82% of spending went to programs
- Governance: 0 of 5 board members independent · 1 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $2.2M in reported program spending
- Leadership: top reported pay $258K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 59 filed money-flow records
- Related organizations: 63 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 29/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.