Overview
What is Thundercloud Subs Turkey Trot C/O Michael G Haggerty?
Thundercloud Subs Turkey Trot C/O Michael G Haggerty is a community-focused initiative, primarily known for organizing and managing a popular annual 5-mile race in Austin, Texas, on Thanksgiving Day. The event attracts thousands of participants who sign up for one of the three course options, including a 5-mile run, a 1-mile walk, and a 1K race for kids. The race's primary objective is to raise funds, which are then distributed to a local charity named Caritas. Caritas of Austin is a nonprofit organization that provides support to the homeless, working poor, and documented refugees in Travis County. The Thundercloud Subs Turkey Trot's mission is to contribute to the community by sponsoring events and leveraging the funds raised to support local charitable organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
Thundercloud Subs Turkey Trot has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 48% highlights issues such as the lack of independent board members, which can impact governance and decision-making. Furthermore, important financial statements are missing, raising questions about transparency.
Despite some strengths, like a perfect program expense ratio of 100%, the organization struggles with many compliance and policy deficiencies. Notable gaps include the absence of a conflict of interest policy, whistleblower policy, and document retention policy, which are critical to ensuring ethical operations and safeguarding the interests of stakeholders.
Additionally, the nonprofit's website is lacking essential information, further diminishing its transparency. Although it does maintain documented board meeting minutes, the absence of readily available tax forms on its website is concerning for potential donors and supporters. Overall, the organization must address these shortcomings to enhance its credibility and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Thundercloud Subs Turkey Trot C/O Michael G Haggerty legitimate?
Thundercloud Subs Turkey Trot C/O Michael G Haggerty is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thundercloud Subs Turkey Trot C/O Michael G Haggerty 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
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What is the mission statement of Thundercloud Subs Turkey Trot C/O Michael G Haggerty?
Thundercloud Subs Turkey Trot's mission is centered around raising funds through community events sponsorship. These collected funds are then distributed to local charitable organizations. This organization, through annual events such as a 5-mile race or run, manages to attract a significant number of participants, who contribute by paying to participate in the various courses offered. After covering all expenses, the remaining proceeds are donated to a local charity, in this case, Caritas. Caritas, a non-profit organization, uses these funds to support the homeless, working poor, and documented refugees in the area.
Who is the CEO of Thundercloud Subs Turkey Trot C/O Michael G Haggerty?
Michael G Haggerty is the Pres., Treas of Thundercloud Subs Turkey Trot C/O Michael G Haggerty.
What is the revenue of Thundercloud Subs Turkey Trot C/O Michael G Haggerty?
Thundercloud Subs Turkey Trot C/O Michael G Haggerty's revenue in 2023 was $519,791.
Who are the executives of Thundercloud Subs Turkey Trot C/O Michael G Haggerty and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Thundercloud Subs Turkey Trot C/O Michael G Haggerty?
Thundercloud Subs Turkey Trot C/O Michael G Haggerty's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Thundercloud Subs Turkey Trot C/O Michael G Haggerty
Thundercloud Subs Turkey Trot, under the guidance of Michael G. Haggerty, is committed to raising funds through sponsoring community events. Their primary objective is to distribute these funds to local charitable organizations. The organization achieves this goal by organizing and operating a 5-mile race/run on Thanksgiving Day in Austin, Texas. The event attracts a large number of participants, with over 14,000 individuals participating in one of the three course options: a 5-mile run, a 1-kilometer kids' run, or a 1-mile walk. After accounting for all expenses, the remaining proceeds are then handed over to a local charity named Caritas. Caritas of Austin is a non-profit organization that serves the homeless, working poor, and documented refugees in Travis County. By sponsoring community events and donating the proceeds to charitable organizations, Thundercloud Subs Turkey Trot demonstrates its commitment to giving back to the community and making a positive impact in people's lives.
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Impact
July, 2024
Thundercloud Subs Turkey Trot, organized by Michael G Haggerty, has a significant impact on the local community. By hosting a 5-mile race/run on Thanksgiving Day in Austin, Texas, this event attracts over 14,000 participants who contribute towards fundraising efforts. The proceeds from the event are then distributed to local charitable organizations, with a focus on supporting those in need, such as the nonprofit Caritas of Austin. This initiative not only promotes community engagement but also provides vital support to vulnerable populations, making a tangible difference in the lives of many individuals in Travis County.
This information is meant to be a general summary of Thundercloud Subs Turkey Trot C/O Michael G Haggerty. 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.
- Program Service Revenue: $419,183
- Gross Receipts: $550,291
Assets and Liabilities:
- Total Assets: $32,905
- Total Liabilities: $18,087
- Net Assets: $14,818
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TURKEY TROT REVENUE
Revenue
$412,610
PARTNERSHIP PROGRAM
Revenue
$6,573
Organization Details
Founding Year
2010
Phone
(512) 479-8805Principal Officer
Michael G Haggerty
Main Address
1102 W 6TH ST, AUSTIN, TX, 78703
NTEE Category
Code: T31 - Philanthropy
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