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Platinum Cheer Association

EIN 82-3738225 · Homer Glen, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair51 out of 100GovernanceWeak33 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Platinum Cheer is an organization offering competitive recreational cheer. Cheerleading enhances character, independence and social interaction in addition to maximizing each individuals potential. It is the mission of Platinum Cheer to develop each athlete physically and socially through competitive recreational cheer and to create role models and individuals with a sense of leadership within the surrounding communities. We now run full year to keep the athletes in the gym and active.

Income
$635,009
Spending
$568,682
Spent on programs
100%
Reserves
0 months of spending
Largest source of income
fees for its services, 96%
Employees
0
Highest pay
$17,220, director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 51 out of 100. Higher than 13% of charities in its peer group (recreation and sports, $250k to $1m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.0 months of spending.

  • Debt

    2 of 20

    It owes 78% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 10% of income.

  • Income trend

    15 of 15

    Income rose 48% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 33 out of 100. Higher than 10% of charities in its peer group (recreation and sports, $250k to $1m).

  • Independent board

    5 of 25

    0 of 6 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    0 of 5

    Reports that it does not keep minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $118,344 spent. Uniforms, jackets, warmups, backpacks
  2. $66,920 spent. ICA Competition Fees
  3. $88,650 spent. Space rent
  4. ICA State Competition Fees - $35,201 ICA Summer Camp Costs - $30,797 Choreography - $32,860 Practice Wear for athletes - bows, tees, tanks, shoes - $34,565 skills camps & classes - $12,050 head coach stipends - $46,760 competition music - $7,136 coach training, background checks, and end of year gifts - $2,683 End of Year Banquet & Events - $13,683 Gym Supplies (soap, garbage cans, tables, chairs, cleaning supplies, decorations, storage, cameras - $5,910 5 Panel Cheer Mat - $5230 Gym Deep Clean and Mat Clean - $1,178 Utilities (ComEd, Comcast, Garbage, Nicor, Orkin) - $12,596 Board, Coach and mat Insurance - $3,322 Meeting Expenses - $372 First Aid Supplies - $67 Office Supplies - $939 Marketing - $1,873 Website URL and Hosting fees - $1,1117 Sponsorship payout - $750 Corporate fees (business license, filing fees - $520

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.