Overview
What is Cruisin Morro Bay Car Show Inc?
Cruisin Morro Bay Car Show Inc is a charitable organization situated in Morro Bay, California (93443). Their primary mission involves hosting a car show as their primary fundraiser, distributing donations to various community-needy organizations. This nonprofit organization is committed to addressing the community's needs by strategically allocating these funds. Their activities contribute to enhancing the lives of local residents by supporting numerous organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 60%)
Cruisin Morro Bay Car Show Inc has received a Two-Star rating from Charity Navigator, indicating that the organization has significant areas for improvement, particularly in accountability and transparency. The organization's overall score of 60% reflects both strengths and weaknesses in its operations. While the organization boasts a fully independent board, it falls short in several key disclosure areas.
The charity scored full points for having a majority of independent board members and has no reported material diversion of assets, which are positive indicators of governance and financial management. However, serious gaps in transparency are evident, with missing policies on conflict of interest, whistleblowing, and document retention. Additionally, essential documents like board meeting minutes are not available, and the organization has not posted its tax form on its website.
Financial metrics show that the organization has a solid liabilities to assets ratio at 0.00%, suggesting a strong financial position. However, its program expense ratio of 61.74% is below the average benchmark for nonprofits, indicating that a smaller percentage of its expenses are being directed towards its programs compared to administrative costs. This highlights the need for Cruisin Morro Bay Car Show Inc to enhance its operational practices and improve its overall accountability to better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cruisin Morro Bay Car Show Inc legitimate?
Cruisin Morro Bay Car Show Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cruisin Morro Bay Car Show 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: $0
For more financial information, click here
What is the mission statement of Cruisin Morro Bay Car Show Inc?
Cruisin Morro Bay Car Show Inc, as an organization, utilizes a car show as its primary fundraiser. This strategy allows them to distribute charitable donations to various organizations, tailored to the community's specific needs. Their mission is centered around supporting the community by providing financial aid to numerous organizations based on their requirements. This approach aims to address diverse needs within the community, thereby contributing to its overall well-being.
Who is the CEO of Cruisin Morro Bay Car Show Inc?
Scott Mace is the President of Cruisin Morro Bay Car Show Inc.
What is the revenue of Cruisin Morro Bay Car Show Inc?
Cruisin Morro Bay Car Show Inc's revenue in 2022 was $69,243.
Who are the executives of Cruisin Morro Bay Car Show Inc and what are their salaries?
There 15 volunteers at Cruisin Morro Bay Car Show Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cruisin Morro Bay Car Show Inc?
Cruisin Morro Bay Car Show Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cruisin Morro Bay Car Show Inc
Cruisin Morro Bay Car Show Inc, a charitable organization, utilizes a car show as its primary fundraiser. The organization's mission is to distribute charitable donations to various community organizations based on their specific needs. By hosting this annual car show, Cruisin Morro Bay Car Show Inc is able to raise funds and subsequently allocate them to organizations that can make a significant impact within their community. This philanthropic approach allows the organization to support a wide range of initiatives and contribute to the betterment of their community as a whole.
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Impact
August, 2024
Cruisin Morro Bay Car Show Inc's impact lies in its philanthropic endeavors. Through its main fundraiser, the car show, the organization provides charitable donations to various organizations based on the needs of the community. This initiative allows the organization to make a positive difference by supporting causes that benefit the community at large.
This information is meant to be a general summary of Cruisin Morro Bay Car Show 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: $69,243
Assets and Liabilities:
- Total Assets: $19,310
- Total Liabilities: $0
- Net Assets: $19,310
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Organization Details
Founding Year
2003
Phone
(805) 704-7097Principal Officer
Scott Mace
Main Address
P O BOX 1712, MORRO BAY, CA, 93443
NTEE Category
Code: T30 - Philanthropy
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