|6/4/2021 2:44:00 PM|
No Star Ratings report this year
The Minnesota Gambling Control Board is not attaching a ‘Star’ assignment to local charitable gambling organizations for 2020. The Star Rating usually comes out a few months into the following year; once fiscal reports are reviewed and calculations have been done.
Stars range from Five to Two Stars.
The number of stars is a tool, created by the state legislature. Those who support charitable gambling by way of playing bingo, pull tabs or other fundraiser activities can look to the Star rating to understand how much of the organization’s proceeds are spent on lawful purposes. Organizations want to achieve a Five Star designation of 50 percent of proceeds spent on lawful purposes. Four Star is 40 percent, etc.
There is a report from the charitable gambling license holders posted on-line but it should only be used for data and informational uses.
The state regulators consider a list of 26 categories of allowed “charitable’ expenditures in estimating the percentage of charitable expenses.
The Gambling Control Board states there was not a good basis from 2020 because of slowed operations due to COVID-19, plus outside income from government loans to organizations, and varying problems which “significantly disrupted” activities.