Overview
What is Td Beach To Beacon 10K Inc?
Td Beach To Beacon 10K Inc is a nonprofit organization located in South Portland, Maine. Their primary mission is to advocate for and promote long-distance running, while educating the public about its benefits. They achieve this through an annual 10-kilometer road race, a high school mile, and a kids' fun run. In addition to these events, the organization collaborates with its primary sponsor, TD Bank, to contribute funds to a selected local charity. For instance, in 2022, the beneficiary was the Cromwell Center for Disability Awareness. The organization supports the chosen charity financially and helps promote its cause.
Official website here: www.beach2beacon.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Td Beach To Beacon 10K Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in several areas. While the organization has a strong accountability score due to a fully independent board and a high program expense ratio, significant weaknesses are evident in their financial transparency, particularly the absence of financial statements and missing policies regarding whistleblower protections and document retention.
The organization showcases a commitment to governance, with 94% of its board members being independent and an excellent track record in managing its liabilities and assets. However, the lack of essential financial documentation and policies can raise concerns among donors regarding the nonprofit's overall transparency and operational practices.
For potential supporters and stakeholders, these limitations suggest a need for the organization to enhance its financial reporting and governance policies to boost accountability and trust. Addressing these critical areas could significantly improve their standing and donor confidence in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Td Beach To Beacon 10K Inc legitimate?
Td Beach To Beacon 10K Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Td Beach To Beacon 10K Inc 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: $12,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.beach2beacon.org
What is the mission statement of Td Beach To Beacon 10K Inc?
The mission of Td Beach To Beacon 10K Inc. is centered around promoting and encouraging long-distance running. They achieve this by organizing an annual 10-kilometer road race, a high school mile, and a kids' fun run. The primary objective is to educate the public about the benefits of long-distance running through these events. In association with the race, the organization's primary sponsor, TD Bank, donates funds to a chosen local charity. Td Beach To Beacon 10K Inc. then supports and promotes the chosen charity financially, as TD Bank's charity of choice was the Cromwell Center for Disability Awareness in 2022.
Official website here: www.beach2beacon.org
Who is the CEO of Td Beach To Beacon 10K Inc?
David Backer is the Director/President of Td Beach To Beacon 10K Inc.
Official website here: www.beach2beacon.org
What is the revenue of Td Beach To Beacon 10K Inc?
Td Beach To Beacon 10K Inc's revenue in 2022 was $1,196,829.
Official website here: www.beach2beacon.org
Who are the executives of Td Beach To Beacon 10K Inc and what are their salaries?
There 850 volunteers at Td Beach To Beacon 10K Inc.
Here are 18 key members and their salaries:
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Official website here: www.beach2beacon.org
Where can I find the form 990 for Td Beach To Beacon 10K Inc?
Td Beach To Beacon 10K Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beach2beacon.org
Learn more at the official website: www.beach2beacon.org
Mission Statement of Td Beach To Beacon 10K Inc
Td Beach To Beacon 10K Inc is dedicated to promoting and encouraging long-distance running while educating the public on its benefits. The organization achieves this objective through an annual 10-kilometer road race, a high school mile, and a kids' fun run. By organizing these events, the nonprofit not only fosters a love for running but also raises awareness of its advantages.
In addition to its annual events, Td Beach To Beacon 10K Inc plays a significant role in supporting a local charity chosen by its primary sponsor, TD Bank. Each year, the organization contributes financially to the selected charity, which in 2022 was the Cromwell Center for Disability Awareness. By providing financial assistance and promoting the chosen charity, Td Beach To Beacon 10K Inc demonstrates its commitment to giving back to the community and making a positive impact.
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Impact
July, 2024
Td Beach To Beacon 10K Inc has a significant impact on promoting and encouraging long-distance running within the community through its annual 10 kilometer road race, high school mile, and kids fun run. By organizing these events, the organization raises awareness about the benefits of long-distance running and educates the public on its importance.
Additionally, Td Beach To Beacon 10K Inc collaborates with its primary sponsor, TD Bank, to support a local charity selected by TD Bank. In 2022, the selected charity was the Cromwell Center for Disability Awareness, to which TD Bank donated funds. Through this collaboration, the organization not only promotes and provides financial assistance to local charities but also strengthens community engagement and support for important causes.
Overall, Td Beach To Beacon 10K Inc's impact extends beyond promoting physical activity and running events; it also fosters a sense of community involvement and charitable giving, making a positive difference in the lives of individuals and the broader community.
This information is meant to be a general summary of Td Beach To Beacon 10K Inc. 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.
- Program Service Revenue: $465,621
- Gross Receipts: $1,196,829
Assets and Liabilities:
- Total Assets: $387,845
- Total Liabilities: $0
- Net Assets: $387,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACE ENTRY FEES
Revenue
$465,621
Organization Details
Founding Year
1997
Phone
(207) 650-0053Principal Officer
David Backer
Main Address
PO BOX 2313, SOUTH PORTLAND, ME, 04116
Website
www.beach2beacon.orgNTEE Category
Code: N60 - Recreation
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