Overview
What is Head-Of-The Charles Regatta Inc?
Head-Of-The-Charles Regatta Inc is a distinguished nonprofit organization situated in Cambridge, Massachusetts. Each year, they host an annual rowing event known as the Head-Of-The-Charles Regatta, which attracts both national and international amateur rowers. This competition includes individual and team events, with participants ranging from high school and college students to master rowers. Over a 3-mile course in Boston, these athletes display their skill and determination. The organization is staffed by a dedicated team of eight individuals.
Official website here: www.hocr.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Head-Of-The Charles Regatta Inc has achieved a high accountability and finance score of 96%, which is indicative of strong financial health and governance. The organization boasts a fully independent board of directors, ensuring unbiased decision-making and oversight, as evidenced by its perfect scores across various categories related to governance.
The charity maintains transparency with its financial statements and has implemented essential policies such as whistleblower and conflict of interest policies. Furthermore, its program expenses are commendable, with 89.34% of its expenditures directed towards its mission-related activities, reflecting a commitment to maximizing the impact of its funds.
While the data reflects robust operational practices, there may be limited feedback from program beneficiaries or community perceptions available for further insight. Nonetheless, the organization's financial integrity and governance structure stand out as significant strengths.
This AI summary has been generated from information found on Charity Navigator.
Is Head-Of-The Charles Regatta Inc legitimate?
Head-Of-The Charles Regatta Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Head-Of-The Charles Regatta 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: $439,652
Professional Fundraising Fees: $0
Other Salaries and Wages: $360,792
For more financial information, click here
Official website here: www.hocr.org
What is the mission statement of Head-Of-The Charles Regatta Inc?
The Head-Of-The Charles Regatta Inc, recognized as America's Fall Rowing Festival, hosts an annual competition that welcomes amateur rowers from high schools, colleges, clubs, and masters categories. Participants race over a 3-mile course in Boston. The organization's mission is to provide a platform for this international amateur competition, fostering a spirit of camaraderie and sportsmanship within the rowing community. This event serves as a celebration of rowing skills and a testament to the athletes' dedication and passion for the sport.
Official website here: www.hocr.org
Who is the CEO of Head-Of-The Charles Regatta Inc?
Thomas Martin is the Executive Direc of Head-Of-The Charles Regatta Inc.
Official website here: www.hocr.org
What is the revenue of Head-Of-The Charles Regatta Inc?
Head-Of-The Charles Regatta Inc's revenue in 2022 was $3,839,305.
Official website here: www.hocr.org
Who are the executives of Head-Of-The Charles Regatta Inc and what are their salaries?
The average compensation at Head-Of-The Charles Regatta Inc during 2022 was $100,056. There are 8 employees and 2000 volunteers at Head-Of-The Charles Regatta Inc.
Here are 18 key members and their salaries:
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Official website here: www.hocr.org
Where can I find the form 990 for Head-Of-The Charles Regatta Inc?
Head-Of-The Charles Regatta Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hocr.org
Learn more at the official website: www.hocr.org
Mission Statement of Head-Of-The Charles Regatta Inc
Head-Of-The-Charles Regatta Inc, famously known as America's Fall Rowing Festival, is dedicated to hosting an annual event that showcases amateur international competition. This competition is open to high school, college, club, and master rowers, who challenge each other over a 3-mile course in Boston. The organization's mission is to provide a platform for both individual and team rowers to demonstrate their skills and passion for the sport. The Head-Of-The-Charles Regatta event is not just about competition; it also serves as a celebration of rowing, attracting rowers from various parts of the world to Boston.
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Impact
July, 2024
The Head Of The Charles Regatta Inc has a significant impact on the world of rowing and the communities it serves. Through its annual rowing event, the organization brings together high school, college, club, and master rowers from around the world to compete in a challenging and prestigious competition held in Boston. This event not only promotes the sport of rowing but also fosters camaraderie among participants and spectators.
Additionally, the Head Of The Charles Regatta Inc contributes to the local economy by attracting visitors to the city of Cambridge, Massachusetts, and generating revenue for businesses in the area. The event also provides opportunities for amateur rowers to showcase their skills on a national and international stage, furthering their development in the sport.
Overall, the Head Of The Charles Regatta Inc plays a crucial role in promoting recreation, competition, and community within the world of rowing, making it a highly anticipated event each year.
This information is meant to be a general summary of Head-Of-The Charles Regatta 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.
- Investment Income: $282,715
- Program Service Revenue: $3,136,231
- Gross Receipts: $10,034,180
Assets and Liabilities:
- Total Assets: $9,248,813
- Total Liabilities: $936,219
- Net Assets: $8,312,594
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCESSION AND EVENTS
Revenue
$559,146
ENTRY FEES
Revenue
$930,299
SPONSOR CONTRIBUTIONS
Revenue
$1,646,786
Organization Details
Founding Year
1996
Phone
(617) 868-6200Principal Officer
Thomas Martin
Main Address
PO BOX 380052, CAMBRIDGE, MA, 02238
Website
www.hocr.orgNTEE Category
Code: N20Z - Recreation
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