Overview
What is Destin Charity Wine Auction Foundation Inc?
Destin Charity Wine Auction Foundation Inc, based in Miramar Beach, Florida, is a nonprofit organization with a mission to support charities that primarily focus on aiding children in distress. With a dedicated team of five individuals, the foundation raises funds through various means, including auctions, to contribute to these noble causes. Their work has led to increased awareness and financial support for these charities, thereby making a significant impact on the lives of those in need. The foundation's activities are centered around raising funds, thereby expanding the reach and capacity of these charitable organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars
Destin Charity Wine Auction Foundation Inc has received a One-Star rating from Charity Navigator, indicating concerns regarding its accountability and financial practices. With a score of 56%, the charity demonstrates strengths in governance, with 100% of board members being independent and a solid size of 29 members. While the organization has a clear conflict of interest policy and accurately documents board meeting minutes, significant gaps remain in its financial transparency.
The nonprofit's financial statements are absent, which has severely impacted its score in this area, resulting in a zero out of fifteen points. Additionally, the absence of a whistleblower policy and a document retention and destruction policy further contribute to its low rating. Despite these weaknesses, the charity maintains a high program expense ratio of 89.80%, indicating that a substantial portion of its funds is directed toward its programs.
Overall, while the Destin Charity Wine Auction Foundation Inc showcases strong governance practices, the lack of financial documentation and essential policies raises red flags for potential donors. It is crucial for the organization to address these issues to improve transparency and accountability moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Destin Charity Wine Auction Foundation Inc legitimate?
Destin Charity Wine Auction Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Destin Charity Wine Auction 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: $146,562
Professional Fundraising Fees: $0
Other Salaries and Wages: $186,552
For more financial information, click here
What is the mission statement of Destin Charity Wine Auction Foundation Inc?
The Destin Charity Wine Auction Foundation Inc's mission is centered around raising funds for charitable organizations. These organizations have a primary focus on providing care for children who are in distress and in need. By undertaking this mission, the foundation aims to increase the visibility and financial support for these charities. The ultimate goal is to make a positive impact on the lives of these children. Through their activities, the foundation has successfully raised awareness and generated additional funding for the charities they assist.
Who is the CEO of Destin Charity Wine Auction Foundation Inc?
Karah Fridley-Young is the Principal Officer of Destin Charity Wine Auction Foundation Inc.
What is the revenue of Destin Charity Wine Auction Foundation Inc?
Destin Charity Wine Auction Foundation Inc's revenue in 2023 was $3,827,801.
Who are the executives of Destin Charity Wine Auction Foundation Inc and what are their salaries?
The average compensation at Destin Charity Wine Auction Foundation Inc during 2023 was $66,623. There are 5 employees and 200 volunteers at Destin Charity Wine Auction Foundation Inc.
Here are 30 key members and their salaries:
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Where can I find the form 990 for Destin Charity Wine Auction Foundation Inc?
Destin Charity Wine Auction Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Destin Charity Wine Auction Foundation Inc
Destin Charity Wine Auction Foundation Inc is committed to a noble mission. This organization aims to raise funds for charitable organizations that primarily focus on providing care and support to children in distress and need. By undertaking this task, the foundation contributes significantly to the betterment of underprivileged children, ensuring they receive the necessary aid and assistance. The primary objective of Destin Charity Wine Auction Foundation Inc is to bring about increased awareness and financial support for these charitable entities. This mission is vital in enabling these organizations to continue their crucial work, ensuring a brighter future for vulnerable children.
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Impact
October, 2024
Destin Charity Wine Auction Foundation Inc has made a significant impact by raising funds for organizations focused on caring for children in distress and need. Through its initiatives, it has successfully increased both awareness and financial support for these charitable organizations in Miramar Beach, Florida, and beyond. By fostering connections and encouraging community involvement, the foundation plays a crucial role in improving the lives of vulnerable children, ensuring they receive the assistance and resources necessary for a better future.
This information is meant to be a general summary of Destin Charity Wine Auction 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 2023.
- Investment Income: $80,865
- Gross Receipts: $5,640,299
Assets and Liabilities:
- Total Assets: $4,427,064
- Total Liabilities: $3,376,717
- Net Assets: $1,050,347
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Organization Details
Founding Year
2006
Principal Officer
Karah Fridley-Young
Main Address
600 GRAND BLVD STE 206, MIRAMAR BEACH, FL, 325501403
NTEE Category
Code: Y12 - Mutual benefit
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