Overview
What is Cvs Health Charity Classic Inc?
Cvs Health Charity Classic Inc is a distinguished nonprofit organization that orchestrates a golf tournament annually. Established in 1999, its primary mission is to generate funds for various non-profit agencies located across New England. Over the years, the tournament has successfully allocated an impressive sum of $24.80 million towards charitable donations. By supporting this event, the community plays a significant role in contributing to the welfare of numerous non-profit organizations within the region.
Official website here: www.cvshealthcharityclassic.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Cvs Health Charity Classic Inc has achieved an impressive score of 97%, indicating strong performance in accountability and finance. The organization’s rating is solely based on its fiscal responsibility, showcasing its commitment to transparency and effective governance, which is crucial for donor trust.
One of the notable strengths of the charity is its board composition, with 75% of its members being independent, which enhances objectivity in decision-making. The charity has no material asset diversion and maintains comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention, all of which contribute to its high accountability standards.
Additionally, the organization demonstrates a robust program expense ratio of 100%, indicating that all its expenses are directed towards programmatic activities rather than administrative costs. This strong financial positioning, combined with low liabilities, paints a positive picture of the charity's operational health. Overall, Cvs Health Charity Classic Inc exemplifies effective fiscal management and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cvs Health Charity Classic Inc legitimate?
Cvs Health Charity Classic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cvs Health Charity Classic 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.
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Official website here: www.cvshealthcharityclassic.com
What is the mission statement of Cvs Health Charity Classic Inc?
The CVS Health Charity Classic Inc, as a non-profit entity, is primarily known for organizing a golf tournament. This tournament serves as a platform to raise funds for various charitable organizations across New England. Since its establishment in 1999, the event has successfully allocated over $24.8 million in charitable donations. The primary objective of CVS Health Charity Classic Inc is to support other non-profit agencies by raising substantial funds through its annual golf tournament. The organization's mission can be summarized as contributing to the betterment of communities in New England by leveraging the popularity of golf and mobilizing generous donations.
Official website here: www.cvshealthcharityclassic.com
Who is the CEO of Cvs Health Charity Classic Inc?
Eileen H Boone is the President/Director (Thru 4/15/22) of Cvs Health Charity Classic Inc.
Official website here: www.cvshealthcharityclassic.com
What is the revenue of Cvs Health Charity Classic Inc?
Cvs Health Charity Classic Inc's revenue in 2022 was $6,856.
Official website here: www.cvshealthcharityclassic.com
Who are the executives of Cvs Health Charity Classic Inc and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.cvshealthcharityclassic.com
Where can I find the form 990 for Cvs Health Charity Classic Inc?
Cvs Health Charity Classic Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cvshealthcharityclassic.com
Learn more at the official website: www.cvshealthcharityclassic.com
Mission Statement of Cvs Health Charity Classic Inc
CVS Health Charity Classic, as a renowned golf tournament, serves as a platform to raise substantial funds for various non-profit agencies situated in New England. Established in 1999, this event has demonstrated an impressive commitment to charity, allocating over $24.8 million in donations towards worthy causes. The primary mission of CVS Health Charity Classic is to leverage the power of golf to make a positive impact on the community, supporting a multitude of non-profit organizations in their efforts to uplift society.
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Impact
August, 2024
Cvs Health Charity Classic Inc's impact can be seen in its allocation of over $24.80 million in charitable donations since its establishment in 1999. This golf tournament raises money for other non-profit agencies throughout New England, making a significant contribution to philanthropy in the region.
This information is meant to be a general summary of Cvs Health Charity Classic 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.
- Gross Receipts: $6,856
Assets and Liabilities:
- Total Assets: $1,018,799
- Total Liabilities: $135,613
- Net Assets: $883,186
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Organization Details
Founding Year
1999
Phone
(401) 765-1500Principal Officer
Eileen H Boone
Main Address
ONE CVS DRIVE, WOONSOCKET, RI, 028956146
NTEE Category
Code: T20 - Philanthropy
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