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Reelin' For Research Inc

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

EIN: 271029024 ✦ Greensboro, NC ✦ Designated as a 501(c)(3)

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Overview

What is Reelin' For Research Inc?

Reelin' For Research Inc is a nonprofit organization situated in Greensboro, North Carolina, with a specific focus on children's cancer research. They organize an annual fishing tournament in Morehead City, known for its high quality and popularity on the east coast. The primary objective of this event is to generate substantial funds annually, with the ultimate goal of eradicating children's cancer entirely. The resources raised from the tournament contribute to the North Carolina Children's Hospital in Chapel Hill, North Carolina, furthering their cancer research efforts.


Official website here: www.reelinforresearch.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (69%, Two-Star out of Four Star rating). This rating indicates that Reelin' For Research Inc may have challenges that need to be addressed, particularly in areas of transparency and financial reporting. While the organization demonstrates strong accountability and governance practices, the low score in financial statements suggests a lack of accessible and detailed financial information for stakeholders.

The nonprofit has a fully independent board, scoring 8 out of 8 points in that category, which reflects a commitment to good governance. Additionally, it received perfect scores for its liabilities to assets ratio and program expense ratio, indicating effective management of resources and a focus on mission-related activities. However, the absence of essential policies, such as conflict of interest and whistleblower protections, highlights areas where organizational practices could be strengthened.

Despite its strengths, the low score in financial statement transparency raises concerns about the organization's commitment to clear communication with donors and the public. The need for improvement in documenting and sharing financial practices could impact donor trust and overall effectiveness. Addressing these shortcomings will be crucial for enhancing the organization's reputation and sustainability in the long run.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Reelin' For Research Inc?

100% of the 7 reviewers on Facebook recommend Reelin' For Research Inc. Here's a summary of their insights:

Reviewers consistently praise the organization for its dedicated team of volunteers and the overall management of the nonprofit. Many highlight the beautiful environment in which it operates, adding to the positive experience. The commendation for the group's organization and the team's commitment reflects a strong sense of community involvement.

Overall, the sentiments are overwhelmingly positive, indicating that this nonprofit effectively fulfills its mission and maintains a welcoming atmosphere for those involved. The high recommendation rate suggests that supporters are pleased with their contributions and the positive impact the organization is making.


This AI summary has been generated from reviews found on Facebook.

Is Reelin' For Research Inc legitimate?

Reelin' For Research Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reelin' For Research 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: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.reelinforresearch.org

What is the mission statement of Reelin' For Research Inc?

Reelin' For Research Inc is committed to organizing an annual fishing tournament that is renowned as one of the best on the east coast. The primary objective of this event is to raise substantial funds annually for children's cancer research. The organization's ultimate goal is to eradicate children's cancer entirely, serving as a self-sustaining charity until this mission is accomplished. The funds raised through the tournament primarily support cancer research at the North Carolina Children's Hospital.


Official website here: www.reelinforresearch.org

Who is the CEO of Reelin' For Research Inc?

Richard Montana is the Chairman of Reelin' For Research Inc.


Official website here: www.reelinforresearch.org

What is the revenue of Reelin' For Research Inc?

Reelin' For Research Inc's revenue in 2022 was $760,032.


Official website here: www.reelinforresearch.org

Who are the executives of Reelin' For Research Inc and what are their salaries?


Here are 9 key members and their salaries:


Richard Montana (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Cooke (Corporate Sponsorships)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Margaret Correll (Special Projects Coordinat)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Larcinese (Treasurer)
  • Compensation: $10,000
  • Related: $0
  • Other: $0
Seth Marshall (Boats/Registration)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Kilpatrick (Boats/Registration)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Barber (Tournament Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Molly Skinner-Pendleton (Raleigh Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Flanagan (Donations/Prizes)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.reelinforresearch.org

Where can I find the form 990 for Reelin' For Research Inc?

Reelin' For Research Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.reelinforresearch.org

Learn more at the official website: www.reelinforresearch.org

Mission Statement of Reelin' For Research Inc

Reelin' For Research Inc, a distinguished organization, is committed to hosting an annually held fishing tournament that is renowned for its excellence on the east coast. The primary objective of this nonprofit is to continually generate substantial funds for the fight against children's cancer. Their ultimate goal is to eradicate the disease entirely. This charity event has been instrumental in raising significant financial contributions annually, channeled towards the North Carolina Children's Hospital based in Chapel Hill, North Carolina.

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Impact




October, 2024

Reelin' For Research Inc has established a notable impact through its annual charity fishing tournament in Morehead City, North Carolina. This event draws participants from across the region, distinguishing itself as one of the best fishing tournaments on the east coast. Each year, the organization raises substantial funds specifically aimed at children's cancer research, supporting the North Carolina Children's Hospital in Chapel Hill.

By combining the excitement of fishing with a profound mission, Reelin' For Research Inc creates a community-focused initiative that not only promotes sportsmanship and camaraderie but also contributes significantly to advancing medical research targeted at combating pediatric cancer. The organization's commitment to sustainability ensures that these efforts can continue annually, with the primary goal of making significant strides in the fight against children's cancer until the disease is defeated.




This information is meant to be a general summary of Reelin' For Research 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
$760,032 (2022)
Expenses
$957,798 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,269
  • Gross Receipts: $848,624

Assets and Liabilities:

  • Total Assets: $435,269
  • Total Liabilities: $537
  • Net Assets: $434,732

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Organization Details

Founding Year

2009

Principal Officer

Richard Montana

Main Address

1852 Banking Street 9333, Greensboro, NC, 27408

NTEE Category

Code: H30 - Medical research

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