Overview
What is Carolina Hurricanes Foundation?
The Carolina Hurricanes Foundation is a charitable nonprofit organization, situated in Raleigh, North Carolina, specifically at 1400 Edwards Mill Road. Its primary mission is to contribute funds to various organizations within the local community, thereby fostering goodwill and supporting local causes. The foundation achieves this mission by raising money and distributing it to numerous organizations, thereby extending its reach and support to the community where the Carolina Hurricanes are based.
Official website here: www.hurricanes.nhl.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Carolina Hurricanes Foundation has achieved a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. The organization scores 80% overall, indicating a commitment to transparency and responsible financial practices, which is crucial for donor trust and long-term sustainability.
One of the foundation's notable strengths is its governance structure, with 100% of board members being independent. This suggests that decisions are made without conflicts of interest, ensuring that the foundation's resources are used effectively and in alignment with its mission. The organization also demonstrates strong financial health, with a low liabilities-to-assets ratio and a high program expense ratio, showing that most of its funding goes directly to its programs.
However, while the foundation scores well in various accountability metrics, the overall rating is based solely on financial aspects. There may be other areas of performance or impact not captured in this rating, indicating potential limitations in understanding the full scope of the charity's work. Overall, the Carolina Hurricanes Foundation appears to be a responsible and well-managed organization dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Carolina Hurricanes Foundation legitimate?
Carolina Hurricanes Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carolina Hurricanes Foundation 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.
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Official website here: www.hurricanes.nhl.com/foundation
What is the mission statement of Carolina Hurricanes Foundation?
The Carolina Hurricanes Foundation's mission involves raising and donating funds to various organizations. This endeavor is aimed at supporting the local community. The foundation contributes primarily to charitable organizations, endeavoring to support local causes and foster goodwill within the community associated with the Carolina Hurricanes. The donations made by the foundation serve to bolster initiatives that contribute positively to the community.
Official website here: www.hurricanes.nhl.com/foundation
Who is the CEO of Carolina Hurricanes Foundation?
Don Waddell is the President of Carolina Hurricanes Foundation.
Official website here: www.hurricanes.nhl.com/foundation
What is the revenue of Carolina Hurricanes Foundation?
Carolina Hurricanes Foundation's revenue in 2022 was $743,119.
Official website here: www.hurricanes.nhl.com/foundation
Who are the executives of Carolina Hurricanes Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.hurricanes.nhl.com/foundation
Where can I find the form 990 for Carolina Hurricanes Foundation?
Carolina Hurricanes Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hurricanes.nhl.com/foundation
Learn more at the official website: www.hurricanes.nhl.com/foundation
Mission Statement of Carolina Hurricanes Foundation
The Carolina Hurricanes Foundation, a charitable organization, is committed to raising and donating funds to various organizations. Its primary objective is to support the local community by making contributions to charitable causes. Through these donations, the foundation aims to generate goodwill in the community where the Carolina Hurricanes are based. The foundation's mission is to positively impact the local community by providing financial support to numerous organizations.
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Impact
October, 2024
The Carolina Hurricanes Foundation plays a vital role in enhancing the local community by raising and donating funds to various organizations. Through its contributions, the Foundation supports a range of charitable causes, fostering goodwill and strengthening community ties in Raleigh, NC, and surrounding areas. Their commitment to philanthropy enables them to make a meaningful impact, ensuring that those in need receive vital assistance and resources. The Foundation's efforts not only provide financial support but also inspire community engagement and solidarity among residents.
This information is meant to be a general summary of Carolina Hurricanes Foundation. 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: $417
- Gross Receipts: $1,068,799
Assets and Liabilities:
- Total Assets: $900,723
- Total Liabilities: $233,020
- Net Assets: $667,703
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Organization Details
Founding Year
1986
Phone
(919) 861-5467Principal Officer
Don Waddell
Main Address
1400 EDWARDS MILL ROAD, RALEIGH, NC, 27607
NTEE Category
Code: T22Z - Philanthropy
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