Overview
What is Fountain City Classic Inc?
Fountain City Classic Inc is a yearly event-based nonprofit organization situated in Columbus, Georgia. Its primary objective is to aid in the pursuit of higher education by generating funds to assist college students in accomplishing their academic goals and participating in collegiate sports activities. The organization fulfills this mission through various means, ultimately contributing to the betterment of education and athletics in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
Fountain City Classic Inc has been rated at 67%, indicating a need for improvement in its overall accountability and financial management. The organization demonstrates strengths in governance, with 100% of its board members being independent and a strong program expense ratio of 91.54%, suggesting that the majority of its funds are directed towards its programs rather than administrative costs.
However, the nonprofit faces significant limitations, particularly in its transparency and adherence to best practices. It has not provided financial statements or essential policies such as a conflict of interest policy and a whistleblower policy, which negatively impacts its accountability score. Additionally, the absence of its website on the tax form and missing documentation practices highlight areas where the organization could enhance its operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Fountain City Classic Inc legitimate?
Fountain City Classic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fountain City 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.
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 Fountain City Classic Inc?
The mission of Fountain City Classic Inc, an annual event, is centered around supporting higher education. Specifically, it aims to raise funds to aid college students in completing their academic pursuits and participating in collegiate athletics. This non-profit organization works towards providing financial assistance to these students, aiming to contribute to their educational journey.
Who is the CEO of Fountain City Classic Inc?
Calvin Smyre is the Chairman of Fountain City Classic Inc.
What is the revenue of Fountain City Classic Inc?
Fountain City Classic Inc's revenue in 2022 was $671,382.
Who are the executives of Fountain City Classic Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Compensation: $18,200
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Where can I find the form 990 for Fountain City Classic Inc?
Fountain City Classic Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fountain City Classic Inc
Fountain City Classic, a notable organization, is dedicated to supporting higher education. Its primary mission involves organizing an annual event in Columbus, Georgia. This event serves a dual purpose: to raise funds and aid college students in their pursuit of completing their academic journeys and participating in collegiate athletics. The organization's efforts aim to alleviate the financial burdens often associated with higher education, thereby enabling students to focus on their studies and athletic endeavors. By supporting Fountain City Classic, individuals contribute to the success of college students, ultimately playing a role in shaping the future leaders of various fields.
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Impact
July, 2024
Fountain City Classic Inc's impact is significant in supporting higher education by raising funds to assist college students in completing their college education and collegiate athletic activities. Through their annual event held in Columbus, GA, Fountain City Classic Inc plays a crucial role in providing financial support and resources to help students achieve their academic and athletic goals. This support not only benefits the individual students but also contributes to the overall development and success of the educational community in the region.
This information is meant to be a general summary of Fountain City 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.
- Investment Income: $95
- Program Service Revenue: $129,787
- Gross Receipts: $671,382
Assets and Liabilities:
- Total Assets: $528,596
- Total Liabilities: $94,000
- Net Assets: $434,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FCC INCOME
Revenue
$129,787
Organization Details
Founding Year
2002
Phone
(706) 649-5533Principal Officer
Calvin Smyre
Main Address
PO BOX 981, COLUMBUS, GA, 31902
NTEE Category
Code: N40 - Recreation
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