Overview
What is Falmouth Road Race Inc?
Falmouth Road Race Inc, situated in Falmouth, Massachusetts, is a dedicated nonprofit organization. Its primary focus is to organize and promote the annual Falmouth Road Race, a renowned event that attracts participants globally. The organization's mission extends beyond sports, as it also donates proceeds to various community and school organizations to enhance the welfare of all sports and promote goodwill in the community of Falmouth. Moreover, Falmouth Road Race Inc actively engages with the local community through health and fitness initiatives and philanthropic giving. With a team of three dedicated individuals, the organization positively impacts individuals and businesses in Falmouth, fostering a healthier and more connected community.
Official website here: www.falmouthroadrace.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84% (Three-Star out of Four Star rating)
Falmouth Road Race Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The charity scored particularly well in areas such as program expense ratio, with an impressive 92.74%, and demonstrated effective fundraising efficiency, showing no fundraising costs in their analysis.
The organization benefits from a fully independent board, receiving top scores in governance metrics, including conflict of interest and whistleblower policies. These elements contribute to a transparent operational framework, ensuring that the organization's resources are utilized effectively for their mission.
However, the working capital ratio is somewhat low at 0.33 years, which may pose challenges for financial stability in the long run. While the organization excels in many areas, addressing this limitation could enhance its overall financial resilience and capacity to sustain operations during unforeseen circumstances.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Falmouth Road Race Inc?
92% of 790 reviewers on Facebook recommend Falmouth Road Race Inc. Here's a summary of their comments:
Many participants highlight the incredible atmosphere surrounding the event, noting the enthusiastic crowd support that brings energy to the race. The thoughtful touches, such as water sprays from volunteers and playful interactions with kids, enhance the experience, making it enjoyable for runners of all levels. Even those who consider themselves slow runners find the spirit of the event encouraging and uplifting.
Overall, it appears that the nonprofit successfully creates a positive and supportive environment, encouraging repeat participation and fostering a sense of community among runners. Many reviewers express an eagerness to join again next year, which demonstrates a strong appreciation for the event and the organization that hosts it.
This AI summary has been generated from reviews found on Facebook.
Is Falmouth Road Race Inc legitimate?
Falmouth Road Race Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Falmouth Road Race 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,325
For more financial information, click here
Official website here: www.falmouthroadrace.com
What is the mission statement of Falmouth Road Race Inc?
Falmouth Road Race Inc is dedicated to positively impacting individuals and businesses within their community through consistent involvement and annual philanthropic giving. The organization emphasizes health and fitness by organizing community programs and its renowned annual road race. Proceeds from the race are donated to various community and school organizations, aiming to enhance the well-being of sports in general, particularly track and running. Additionally, non-sports organizations receive donations if their mission is to promote goodwill and serve the community.
Official website here: www.falmouthroadrace.com
Who is the CEO of Falmouth Road Race Inc?
Scott Ghelfi is the Executive Di of Falmouth Road Race Inc.
Official website here: www.falmouthroadrace.com
What is the revenue of Falmouth Road Race Inc?
Falmouth Road Race Inc's revenue in 2023 was $2,526,898.
Official website here: www.falmouthroadrace.com
Who are the executives of Falmouth Road Race Inc and what are their salaries?
The average compensation at Falmouth Road Race Inc during 2023 was $96,775. There are 3 employees and 1500 volunteers at Falmouth Road Race Inc.
Here are 8 key members and their salaries:
- Compensation: $114,815
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.falmouthroadrace.com
Where can I find the form 990 for Falmouth Road Race Inc?
Falmouth Road Race Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.falmouthroadrace.com
Learn more at the official website: www.falmouthroadrace.com
Mission Statement of Falmouth Road Race Inc
Falmouth Road Race Inc, a distinguished organization, is dedicated to positively influencing individuals and businesses within its community through consistent engagement and annual philanthropic contributions. The organization's mission is multifaceted, encompassing the promotion of health and fitness through various community programs and its renowned annual road race. By organizing the Falmouth Road Race, a prestigious event, the organization generously donates proceeds to a myriad of community and school organizations. These donations aim to enhance the overall well-being of sports, with a particular focus on track and running. Falmouth Road Race Inc also extends its philanthropy to non-sports organizations, provided they contribute to the community's goodwill and provide essential services.
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Impact
July, 2024
Falmouth Road Race Inc has a significant impact on the town of Falmouth by promoting health and fitness through community programs and its annual road race. The organization not only encourages physical activity but also supports various community and school organizations through its philanthropic giving. The annual Falmouth Road Race, a world-class event organized by the nonprofit, serves as a platform to advance the welfare of all sports, with a particular focus on track and running. Additionally, Falmouth Road Race Inc extends its support to non-sports organizations that promote goodwill and provide essential services to the Falmouth community. Through consistent involvement with the community and generous donations, the organization plays a vital role in positively impacting individuals and businesses in Falmouth.
This information is meant to be a general summary of Falmouth Road Race 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.
- Program Service Revenue: $1,386,926
- Gross Receipts: $2,526,898
Assets and Liabilities:
- Total Assets: $1,579,423
- Total Liabilities: $898,735
- Net Assets: $680,688
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACE REGISTRATION FEES
Revenue
$1,386,926
Organization Details
Founding Year
1980
Phone
(508) 540-7000Principal Officer
Scott Ghelfi
Main Address
155 KATHARINE LEE BATES ROAD, FALMOUTH, MA, 02540
Website
www.falmouthroadrace.comNTEE Category
Code: N6XZ - Recreation
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