Overview
What is Watkins Glen Promotions Inc?
Watkins Glen Promotions Inc, a nonprofit organization based in Watkins Glen, New York, is dedicated to enriching the local community and economy by organizing public events that celebrate the area's rich road racing history and picturesque waterfront. Their primary mission is to promote the well-being and improve the quality of life in the villages of Watkins Glen, Montour Falls, and Schuyler County. They achieve this by hosting festivals and events that attract visitors and support local businesses. With a small team of three individuals, Watkins Glen Promotions Inc plays an essential role in fostering a vibrant and engaging community in this region.
Official website here: www.watkinsglen.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Watkins Glen Promotions Inc has received a two-star rating from Charity Navigator, indicating that while it shows strengths in accountability and finance, there are significant areas needing improvement. The organization boasts a perfect score in key areas such as an independent board and no material diversion of assets, reflecting a strong governance structure.
However, the nonprofit has several critical shortcomings, notably the absence of essential policies such as conflict of interest, whistleblower, and document retention. This lack raises concerns about transparency and the potential for mismanagement. Furthermore, the organization does not provide its tax form on its website, which is a missed opportunity for enhancing public trust.
Despite these weaknesses, Watkins Glen Promotions maintains a solid program expense ratio of 67.76%, suggesting effective allocation of resources towards its mission. The salary of its Executive Director is noted to be $52,490, which appears reasonable within the context of its overall financial management. Overall, while the organization demonstrates financial responsibility, addressing its policy shortcomings will be crucial for improving its transparency and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Watkins Glen Promotions Inc legitimate?
Watkins Glen Promotions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watkins Glen Promotions 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: $52,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,124
For more financial information, click here
Official website here: www.watkinsglen.com
What is the mission statement of Watkins Glen Promotions Inc?
Watkins Glen Promotions Inc's mission is to enhance the overall economic, social, and community well-being and improve the quality of life in various areas. They achieve this by organizing public festivals and events that celebrate the region's rich history and scenic beauty. The organization also promotes the area to visitors and local businesses, aiming to contribute positively to the local economy and community.
Official website here: www.watkinsglen.com
What is the revenue of Watkins Glen Promotions Inc?
Watkins Glen Promotions Inc's revenue in 2023 was $245,999.
Official website here: www.watkinsglen.com
Who are the executives of Watkins Glen Promotions Inc and what are their salaries?
The average compensation at Watkins Glen Promotions Inc during 2023 was $19,154. There are 4 employees and 200 volunteers at Watkins Glen Promotions Inc.
Here are 9 key members and their salaries:
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- Compensation: $52,490
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Official website here: www.watkinsglen.com
Where can I find the form 990 for Watkins Glen Promotions Inc?
Watkins Glen Promotions Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.watkinsglen.com
Learn more at the official website: www.watkinsglen.com
Mission Statement of Watkins Glen Promotions Inc
Watkins Glen Promotions Inc, as a nonprofit organization, is dedicated to fostering the overall economic, social, and community well-being of various communities. Their mission is to enhance the quality of life in these areas, aiming to uplift the communities they serve. This is achieved by organizing public festivals and events that celebrate the region's rich road racing history and picturesque waterfront. By promoting the Watkins Glen/Montour Falls area to both visitors and local businesses, Watkins Glen Promotions Inc contributes to the economic growth and development of the communities it serves.
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Impact
October, 2024
Watkins Glen Promotions Inc plays a crucial role in enhancing the economic, social, and community well-being of Watkins Glen, Montour Falls, and Schuyler County. By organizing countywide festivals and events that celebrate the area's rich road racing history and stunning waterfront, the organization attracts visitors and encourages local engagement. These events not only promote tourism but also support local businesses, driving economic growth in the region.
Furthermore, by fostering a sense of community through various activities, Watkins Glen Promotions Inc improves the quality of life for residents. The organization’s efforts create vibrant community spaces where people can gather, connect, and celebrate their shared history and culture, thereby strengthening the local identity and fostering community pride. Overall, its impact is significant in building a thriving, interconnected community while preserving the unique heritage of the region.
This information is meant to be a general summary of Watkins Glen Promotions 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: $1,340
- Program Service Revenue: $160,335
- Gross Receipts: $321,633
Assets and Liabilities:
- Total Assets: $169,174
- Total Liabilities: $50,443
- Net Assets: $118,731
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FESTIVALS & EVENTS
Revenue
$160,335
Organization Details
Founding Year
1994
Principal Officer
Stacy Husted
Website
www.watkinsglen.comNTEE Category
Code: S21Z - Community improvement
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