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Presidential Challenge Charitable Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261480056 ✦ Key biscayne, FL ✦ Designated as a 501(c)(3)

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Overview

What is Presidential Challenge Charitable Foundation Inc?

The Presidential Challenge Charitable Foundation Inc, based on the provided information, is a nonprofit organization dedicated to advancing knowledge and preservation of the marine environment. They accomplish this mission by organizing billfish tournaments in the Caribbean, Central, and South America. Through these events, they raise funds for research into marine conservation issues and contribute to other 501(c)(3) organizations. Their efforts aim to expand existing knowledge and support various initiatives related to the marine ecosystem.


Official website here: www.preschallenge.com

Is Presidential Challenge Charitable Foundation Inc legitimate?

Presidential Challenge Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presidential Challenge Charitable Foundation Inc submitted a form 990EZ, 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.


Official website here: www.preschallenge.com

What is the mission statement of Presidential Challenge Charitable Foundation Inc?

The Presidential Challenge Charitable Foundation Inc is dedicated to advancing the current understanding of the marine environment. This is achieved through the organization of billfish tournaments and fundraising efforts. The tournaments hold significance in raising awareness for marine conservation issues and generating funds for related research. The Foundation also extends its support to other 501(c)(3) organizations by contributing funds to further their causes. Overall, the Presidential Challenge Charitable Foundation Inc is focused on expanding marine knowledge and making a positive impact through its events and financial contributions.


Official website here: www.preschallenge.com

Who is the CEO of Presidential Challenge Charitable Foundation Inc?

Joan Vernon is the President of Presidential Challenge Charitable Foundation Inc.


Official website here: www.preschallenge.com

What is the revenue of Presidential Challenge Charitable Foundation Inc?

Presidential Challenge Charitable Foundation Inc's revenue in 2023 was $100,671.


Official website here: www.preschallenge.com

Who are the executives of Presidential Challenge Charitable Foundation Inc and what are their salaries?


Here are 2 key members and their salaries:


Joan Vernon (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Eisenhour (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.preschallenge.com

Where can I find the form 990EZ for Presidential Challenge Charitable Foundation Inc?

Presidential Challenge Charitable Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.preschallenge.com

Learn more at the official website: www.preschallenge.com

Mission Statement of Presidential Challenge Charitable Foundation Inc

The Presidential Challenge Charitable Foundation Inc is a nonprofit organization dedicated to advancing the current understanding of the marine environment. Through innovative research and investigation, this philanthropic entity strives to broaden the existing knowledge base in this field. The Foundation achieves its mission by organizing billfish tournaments, which serve dual purposes: raising awareness about marine conservation issues, and generating funds for research initiatives and other 501(c)(3) organizations.

The Caribbean and Central and South American regions have witnessed the impact of the Presidential Challenge Charitable Foundation Inc's events. These tournaments not only foster a sense of friendly competition among participants but also create opportunities for open discussions about marine conservation and the importance of preserving marine ecosystems. By bringing together individuals with a shared passion for the marine environment, the Foundation fosters a community of like-minded individuals, all working towards a common goal.

Furthermore, the financial resources generated from these billfish tournaments are channeled towards various causes, with a significant portion earmarked for supporting research initiatives related to the marine environment. The Foundation's dedication to this cause extends beyond its own efforts, as it also contributes to other 501(c)(3) organizations, amplifying the collective impact of their work. By funding these organizations, the Presidential Challenge Charitable Foundation Inc fuels ongoing efforts to expand the understanding of the marine environment and promote sustainable practices.

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Impact




October, 2024

Presidential Challenge Charitable Foundation Inc has made a significant impact by focusing on the investigation and research of marine environments. Through the organization of billfish tournaments in the Caribbean and Central and South America, it has successfully raised awareness about conservation issues while also generating funds for research initiatives. These tournaments not only highlight the importance of marine biodiversity but also engage the community and participants in vital conservation dialogues.

The proceeds from these tournaments directly support various 501(c)(3) organizations, amplifying the foundation's outreach and effectiveness in marine conservation efforts. By combining sportsmanship with environmental stewardship, Presidential Challenge fosters a sense of responsibility towards ocean preservation, making a tangible difference in protecting marine ecosystems.




This information is meant to be a general summary of Presidential Challenge Charitable 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.

Revenue
$100,671 (2023)
Expenses
$86,341 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1
  • Gross Receipts: $100,671

Assets and Liabilities:

  • Total Assets: $24,560
  • Total Liabilities: $32,449
  • Net Assets: -$7,889

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Organization Details

Principal Officer

Joan Vernon

Main Address

205 E Enid Drive, Key Biscayne, FL, 33149

NTEE Category

Code: D123 - Animals

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