Overview
What is Old Salt Fishing Foundation Inc?
Old Salt Fishing Foundation Inc is a nonprofit organization that primarily serves to support other charitable organizations by raising and distributing funds for their charitable causes. Additionally, it collaborates with governmental agencies and the scientific community to contribute to studies concerning fisheries off the Florida coast. The foundation also plays a role in educating the public about advancements in fisheries management and conservation. Its mission is multifaceted, aiming to assist various sectors and promote awareness in the field of fisheries.
Official website here: www.oldsaltfishing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Old Salt Fishing Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various governance and financial aspects. With an overall score of 66%, the organization demonstrates strong program expense efficiency, allocating 93.58% of its budget to programs. However, the lack of independent board members and missing financial statements significantly detracts from its accountability and transparency.
While the foundation has established important policies such as conflict of interest and whistleblower protections, these measures alone do not compensate for the absence of independent oversight. The board currently consists of no independent members, which raises concerns about the effectiveness of governance and decision-making processes. The organization has a relatively favorable liabilities to assets ratio of 0.73%, indicating sound financial health.
Overall, while the Old Salt Fishing Foundation shows commitment to its mission through substantial program spending, critical improvements are needed in its governance structure and financial transparency to enhance donor trust and organizational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Old Salt Fishing Foundation Inc legitimate?
Old Salt Fishing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Salt Fishing Foundation 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
Official website here: www.oldsaltfishing.org
What is the mission statement of Old Salt Fishing Foundation Inc?
The Old Salt Fishing Foundation Inc is primarily dedicated to supporting charitable organizations by raising and distributing funds for their charitable purposes. Additionally, it collaborates with governmental agencies and the scientific community in studies related to fisheries off the Florida coast. The foundation also plays a role in educating the general public about fisheries management and conservation issues.
Official website here: www.oldsaltfishing.org
Who is the CEO of Old Salt Fishing Foundation Inc?
Thomas Verdensky is the Board Member of Old Salt Fishing Foundation Inc.
Official website here: www.oldsaltfishing.org
What is the revenue of Old Salt Fishing Foundation Inc?
Old Salt Fishing Foundation Inc's revenue in 2021 was $981,160.
Official website here: www.oldsaltfishing.org
Who are the executives of Old Salt Fishing Foundation Inc and what are their salaries?
There 597 volunteers at Old Salt Fishing Foundation Inc.
Here are 8 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.oldsaltfishing.org
Where can I find the form 990 for Old Salt Fishing Foundation Inc?
Old Salt Fishing Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.oldsaltfishing.org
Learn more at the official website: www.oldsaltfishing.org
Mission Statement of Old Salt Fishing Foundation Inc
Old Salt Fishing Foundation Inc, a nonprofit organization, is committed to serving a triple role. Firstly, it assists other 501(c)(3) charitable organizations by gathering and distributing funds to support their charitable endeavors. Secondly, the foundation collaborates with governmental agencies and the scientific community, contributing to fisheries studies along the Florida coast. Lastly, Old Salt Fishing Foundation Inc takes on the responsibility of educating the fishing public about advancements in fisheries management and conservation. This organization plays a crucial role in supporting charitable causes, contributing to scientific research, and promoting awareness on fisheries management and conservation.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Old Salt Fishing Foundation Inc has a significant impact on aiding and assisting charitable organizations by raising and distributing funds for their charitable purposes. Additionally, they play a crucial role in cooperating with scientific studies of fisheries off the Florida coast, supporting governmental agencies, and educating the fishing public on developments in fisheries management and conservation. Through these efforts, Old Salt Fishing Foundation Inc positively contributes to the conservation and sustainability of fisheries while supporting the broader community and scientific advancements in the field.
This information is meant to be a general summary of Old Salt Fishing Foundation 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 2021.
- Investment Income: $2
- Program Service Revenue: $805,156
- Gross Receipts: $981,160
Assets and Liabilities:
- Total Assets: $62,604
- Total Liabilities: $19,287
- Net Assets: $43,317
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tournament Registration
Revenue
$488,974
Apparel Sales
Revenue
$40,601
Raffle Income
Revenue
$66,385
Bar Sales
Revenue
$44,884
Beer Sales
Revenue
$24,998
Organization Details
Founding Year
2004
Principal Officer
Thomas Verdensky
Main Address
PO BOX 8564, MADEIRA BEACH, FL, 33738
Website
www.oldsaltfishing.orgNTEE Category
Code: A80 - Arts
If you are a representative of Old Salt Fishing Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.