Overview
What is Champions For Education Inc?
Champions For Education Inc is a North Carolina-based nonprofit organization, located at 3700 Gleneagles Road in Charlotte. Established for the sole purpose of fundraising, they primarily achieve this goal by organizing and hosting the annual Wells Fargo Championship, a PGA tournament. The most recent tournament took place from May 4 to May 7, 2023, raising substantial funds for Atrium Health Foundation, DreamKey, and The First Tee. The organization's mission is to support other charities dedicated to enhancing the quality of education across the nation by providing grants from the proceeds generated by their fundraising activities.
Official website here: www.wellsfargochampionship.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80%, Three-Star out of Four Star rating.
Champions For Education Inc has achieved an 80% score, reflecting a solid commitment to accountability and financial practices. The charity's high marks in several areas, such as having a fully independent board and maintaining robust financial oversight, indicate a well-structured organization that prioritizes transparency and ethical governance.
The organization shows a strong focus on program expenses, with an impressive 97.46% of its budget directed toward its programs. This commitment suggests that the majority of funds raised are effectively utilized for their intended purpose, enhancing their impact in the education sector. However, the absence of a whistleblower policy, along with some areas receiving lower scores, signals potential areas for improvement in governance practices.
While the overall financial health of the organization appears stable, with a liabilities to assets ratio of 61.06%, the charity could benefit from addressing the noted weaknesses in areas like policy documentation. Overall, Champions For Education Inc is recognized for its dedication to educational initiatives while also having opportunities to enhance its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Champions For Education Inc legitimate?
Champions For Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Champions For Education 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: $389,047
Professional Fundraising Fees: $0
Other Salaries and Wages: $651,019
For more financial information, click here
Official website here: www.wellsfargochampionship.com
What is the mission statement of Champions For Education Inc?
Champions For Education Inc is a charitable organization dedicated to raising funds for other entities striving to enhance the standard of education nationwide. Through its primary fundraising activity, the hosting of a PGA Championship, the organization generates proceeds to support various charities. The 2023 tournament, held from May 4- May 7, primarily benefited Atrium Health Foundation, Dreamkey, and The First Tee. Champions For Education Inc serves as a significant contributor to the education sector by providing financial grants to deserving organizations.
Official website here: www.wellsfargochampionship.com
Who is the CEO of Champions For Education Inc?
Gary Sobba is the Director of Champions For Education Inc.
Official website here: www.wellsfargochampionship.com
What is the revenue of Champions For Education Inc?
Champions For Education Inc's revenue in 2023 was $24,301,704.
Official website here: www.wellsfargochampionship.com
Who are the executives of Champions For Education Inc and what are their salaries?
There 1900 volunteers at Champions For Education Inc.
Here are 13 key members and their salaries:
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- Compensation: $389,047
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- Other: $29,900
Official website here: www.wellsfargochampionship.com
Where can I find the form 990 for Champions For Education Inc?
Champions For Education Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wellsfargochampionship.com
Learn more at the official website: www.wellsfargochampionship.com
Mission Statement of Champions For Education Inc
Champions For Education Inc, a renowned organization, was established with a singular focus on raising funds to support charities dedicated to enhancing education quality across the nation. The organization's mission is twofold: to generate resources and distribute them to deserving educational organizations. By doing so, Champions For Education Inc aims to make a profound impact on the educational landscape and the lives of students.
The organization's primary method of fundraising is through the hosting of a prestigious PGA Championship, known as the Wells Fargo Championship. This high-profile event, which took place from May 4-May 7, 2023, attracts thousands of spectators and golf enthusiasts each year. The proceeds from this annual tournament primarily benefit charities such as Atrium Health Foundation, Dreamkey, and The First Tee. These organizations share Champions For Education Inc's commitment to improving education and providing opportunities for young learners to thrive.
In addition to hosting the golf tournament, Champions For Education Inc plays an essential role in the broader philanthropic community by providing substantial financial support to numerous charities striving to advance education in various ways. Through its fundraising efforts, the organization empowers these charities to expand their reach and intensify their impact on communities nationwide. Champions For Education Inc's unwavering dedication to education and its innovative approach to fundraising has positioned it as a respected and influential player in the philanthropic sphere.
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Impact
October, 2024
Champions For Education Inc has made a significant impact on the quality of education across the nation by raising funds to support various educational charities. Through its primary fundraising event, the Wells Fargo Championship, a PGA professional golf tournament hosted in Charlotte, NC, the organization generates substantial proceeds that benefit key partners like Atrium Health Foundation, DreamKey, and First Tee.
By directing resources to organizations focused on education, Champions For Education Inc facilitates access to vital programs and services that enhance learning opportunities for students. This commitment not only fosters academic growth but also promotes community engagement and development, ultimately contributing to a more educated and empowered society. The funds raised enable these partner organizations to implement initiatives that address educational needs, ensuring that a broader spectrum of children and communities can thrive.
This information is meant to be a general summary of Champions For Education 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 2023.
- Investment Income: $114,415
- Program Service Revenue: $18,788,241
- Gross Receipts: $24,301,704
Assets and Liabilities:
- Total Assets: $9,544,601
- Total Liabilities: $5,828,200
- Net Assets: $3,716,401
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOLF TOURNAMENT REV.
Revenue
$18,788,241
Organization Details
Founding Year
2002
Phone
(704) 554-8101Principal Officer
Gary Sobba
Main Address
3700 GLENEAGLES ROAD, CHARLOTTE, NC, 28209
NTEE Category
Code: B12 - Education
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