Overview
What is Mgm Resorts Foundation?
The MGM Resorts Foundation serves as a platform for consolidating charitable contributions made by MGM Resorts International employees. Based in Las Vegas, Nevada, this nonprofit organization aims to maximize resources and benefits for the communities where its employees reside, work, and raise their families. This is achieved through grant distributions and charitable donations to local organizations. The foundation encourages employee involvement in volunteer work and charitable contributions, providing them with greater control and impact over their donations. By focusing on non-profit agencies and community organizations, the MGM Resorts Foundation allows employees to support causes that matter to them, thereby fostering a sense of community and collective action.
Official website here: www.mgmresortsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating from Charity Navigator.
The MGM Resorts Foundation has achieved a 95% rating, indicating strong accountability and financial practices. The organization benefits from a fully independent board and demonstrates effective oversight through its audit committee. The foundation’s commitment to transparency is evident as all required financial statements and documents are accessible, contributing to its high score in these areas.
A notable strength is the foundation's program expense ratio, which stands at an impressive 99.68%, indicating that the vast majority of its resources are directed towards its programs. However, the foundation has a limitation in its fundraising efficiency, with a ratio of $0.002, suggesting that it may not be maximizing its fundraising efforts effectively.
Overall, the MGM Resorts Foundation exemplifies strong governance and financial health, though it may need to address its fundraising strategies to improve efficiency. The absence of a whistleblower policy could also be a concern for transparency advocates, highlighting an area for potential development.
This AI summary has been generated from information found on Charity Navigator.
Is Mgm Resorts Foundation legitimate?
Mgm Resorts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mgm Resorts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mgmresortsfoundation.org
What is the mission statement of Mgm Resorts Foundation?
The MGM Resorts Foundation encourages and amplifies the charitable contributions of its employees, channeling their donations towards non-profit agencies and community organizations. This approach allows employees who support the foundation to have a greater influence over their contributions and to aid organizations within the communities they reside, work, and care for their families. By bringing together employee volunteer and charitable efforts, the foundation aims to increase the impact and choice of its contributions.
Official website here: www.mgmresortsfoundation.org
Who is the CEO of Mgm Resorts Foundation?
Maria Gatti is the Director of Mgm Resorts Foundation.
Official website here: www.mgmresortsfoundation.org
What is the revenue of Mgm Resorts Foundation?
Mgm Resorts Foundation's revenue in 2022 was $3,899,875.
Official website here: www.mgmresortsfoundation.org
Who are the executives of Mgm Resorts Foundation and what are their salaries?
There 1110 volunteers at Mgm Resorts Foundation.
Here are 7 key members and their salaries:
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Official website here: www.mgmresortsfoundation.org
Where can I find the form 990 for Mgm Resorts Foundation?
Mgm Resorts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mgmresortsfoundation.org
Learn more at the official website: www.mgmresortsfoundation.org
Mission Statement of Mgm Resorts Foundation
The MGM Resorts Foundation, a non-profit organization, aims to unite and amplify the charitable efforts and volunteer work of its employees. By pooling resources and providing employees with greater control over their donations, the foundation enables them to support various non-profit agencies and community organizations that are significant to their communities. This approach empowers employees to make a more substantial impact on the causes they care about, thereby benefiting a broader range of communities where they live, work, and raise their families.
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Impact
July, 2024
The MGM Resorts Foundation focuses on maximizing the impact of charitable giving efforts by consolidating resources and benefits for the communities where employees live, work, and care for their families. By providing grants and charitable donations to nonprofit agencies and community organizations, the foundation empowers employees to have greater control over their donations and support organizations in their local communities. This approach ensures that employee contributions have a significant and meaningful impact on the causes they care about, fostering a culture of philanthropy within MGM Resorts International.
This information is meant to be a general summary of Mgm Resorts 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: $5,334
- Gross Receipts: $3,899,875
Assets and Liabilities:
- Total Assets: $8,412,690
- Total Liabilities: $1,018,457
- Net Assets: $7,394,233
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Organization Details
Founding Year
2002
Phone
(702) 650-7415Principal Officer
Maria Gatti
Main Address
980 KELLY JOHNSON DR, LAS VEGAS, NV, 89119
Website
www.mgmresortsfoundation.orgNTEE Category
Code: T30 - Philanthropy
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