Overview
What is Prentice Cup Foundation Inc C/O Andersen Tax?
Prentice Cup Foundation Inc C/O Andersen Tax is a nonprofit organization primarily focused on preserving the historic clubhouse and related contents of the Seabright Lawn Tennis and Cricket Club. This venue is significant as the location where the renowned U.S. Prentice Cup tennis matches have been held. The foundation's mission is to promote cultural and educational exchanges between the United States and the United Kingdom through these tennis matches. Based in New York City, it operates with the support of Andersen Tax.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Prentice Cup Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 53%, the organization fell short primarily due to a lack of independent board members and missing key policies that promote transparency and governance.
Strengths of the foundation include a very high program expense ratio of 91.53%, suggesting that a substantial portion of its expenditures is directed towards its programs and initiatives. Additionally, there are no reported material diversions of assets, which reflects positively on its financial integrity. However, the absence of independent oversight and critical governance documents is a notable weakness.
Further limitations include the nonprofit's failure to maintain a visible online presence, as its website is not listed on its tax form and necessary financial documents have not been made publicly available. This lack of transparency may hinder trust and accountability, affecting stakeholder confidence in the foundation's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Prentice Cup Foundation Inc C/O Andersen Tax legitimate?
Prentice Cup Foundation Inc C/O Andersen Tax is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prentice Cup Foundation Inc C/O Andersen Tax 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
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What is the mission statement of Prentice Cup Foundation Inc C/O Andersen Tax?
The Prentice Cup Foundation Inc., under the umbrella of Andersen Tax, aims to foster student and cultural exchanges between the United States and the United Kingdom. They accomplish this objective through the organization and hosting of the Prentice Cup Tennis Matches. Additionally, the foundation is currently involved in a capital campaign to preserve the historic clubhouse and contents of the Seabright Lawn Tennis and Cricket Club, a venue known for hosting the U.S. Prentice Cup Tennis Matches.
Who is the CEO of Prentice Cup Foundation Inc C/O Andersen Tax?
Shaun Chaudhuri is the Treasurer of Prentice Cup Foundation Inc C/O Andersen Tax.
What is the revenue of Prentice Cup Foundation Inc C/O Andersen Tax?
Prentice Cup Foundation Inc C/O Andersen Tax's revenue in 2022 was $48,635.
Who are the executives of Prentice Cup Foundation Inc C/O Andersen Tax and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Prentice Cup Foundation Inc C/O Andersen Tax?
Prentice Cup Foundation Inc C/O Andersen Tax's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prentice Cup Foundation Inc C/O Andersen Tax
Prentice Cup Foundation Inc, in its mission, focuses on fostering student and cultural exchanges between the United States and the United Kingdom. They achieve this objective through the organization of the Prentice Cup Tennis Matches. By promoting these competitions, the foundation aims to bridge the cultural gap between the two nations, fostering understanding and unity among young individuals. The foundation's activities are not limited to tennis matches alone; its mission extends to the promotion of cultural exchange as a whole. This mission is a testament to Prentice Cup Foundation Inc's commitment to international harmony and mutual understanding. Additionally, the foundation is currently engaged in a capital campaign to preserve the historic clubhouse and contents of the Seabright Lawn Tennis and Cricket Club, the venue where the U.S. Prentice Cup Tennis Matches have been held in the past. This initiative underscores the foundation's dedication to preserving historical sites and traditions that have played a significant role in fostering the spirit of sportsmanship and cultural exchange.
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Impact
August, 2024
The Prentice Cup Foundation Inc C/O Andersen Tax's impact is focused on promoting student and cultural exchanges between the US and UK through the playing of the Prentice Cup tennis matches. They are currently involved in a capital campaign to preserve the historic clubhouse and contents of the Seabright Lawn Tennis and Cricket Club, where the U.S. Prentice Cup tennis matches have been held. Their mission is centered around fostering international connections and providing opportunities for exchange through tennis, highlighting their commitment to bridging cultural gaps and promoting global understanding.
This information is meant to be a general summary of Prentice Cup Foundation Inc C/O Andersen Tax. 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: -$2,912
- Program Service Revenue: $3,447
- Gross Receipts: $117,534
Assets and Liabilities:
- Total Assets: $111,998
- Total Liabilities: $0
- Net Assets: $111,998
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Organization Details
Founding Year
2001
Phone
(646) 213-5100Principal Officer
Shaun Chaudhuri
Main Address
1177 AVENUE OF THE AMERICAS 18FL, NEW YORK, NY, 10036
NTEE Category
Code: Q21 - International
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