Overview
What is Cincinnati Marathon Inc?
Cincinnati Marathon Inc, located at 644 Linn Street Suite 802, Cincinnati, Ohio, is a nonprofit organization with a dedicated team of 11 individuals. Their primary mission is to organize and host an annual Flying Pig Marathon and additional races, serving as a platform for charity fundraising. In the recent fiscal year, they received donated services and equipment valued at $149,144, not included in their expenses. Their objective is to create a financially sustainable, top-tier, and entertaining marathon experience for participants, volunteers, spectators, and sponsors, enhancing the overall event's appeal.
Official website here: www.flyingpigmarathon.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Cincinnati Marathon Inc received a Two-Star out of Four Star rating from Charity Navigator, scoring 66%. This rating reflects serious concerns regarding financial transparency, including the absence of financial statements and the missing tax form on their website. While the organization boasts a fully independent board and strong program expense ratio, these strengths do not fully compensate for the lack of financial documentation.
The organization demonstrates accountability through a conflict of interest policy and a whistleblower policy, both of which are in place according to their evaluation. However, the high liabilities to assets ratio at 84.33% raises questions about the organization’s financial health and sustainability.
Overall, while Cincinnati Marathon Inc shows promise in governance with an independent board and effective program spending, the significant gaps in financial transparency and reporting hinder its overall rating. Addressing these issues could enhance its standing and effectiveness in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Cincinnati Marathon Inc legitimate?
Cincinnati Marathon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cincinnati Marathon 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: $391,951
Professional Fundraising Fees: $0
Other Salaries and Wages: $467,748
For more financial information, click here
Official website here: www.flyingpigmarathon.com
What is the mission statement of Cincinnati Marathon Inc?
Cincinnati Marathon Inc's mission is centered around creating a financially sustainable, high-quality, and enjoyable marathon experience for runners, volunteers, spectators, and sponsors. The organization achieves this by hosting the annual Flying Pig Marathon and various other races, which also serve as fundraising opportunities for charitable causes. During the year, the organization receives significant support in the form of donated services and equipment, totaling $149,144, which are not included in their expense listings.
Official website here: www.flyingpigmarathon.com
What is the revenue of Cincinnati Marathon Inc?
Cincinnati Marathon Inc's revenue in 2023 was $6,810,801.
Official website here: www.flyingpigmarathon.com
Who are the executives of Cincinnati Marathon Inc and what are their salaries?
The average compensation at Cincinnati Marathon Inc during 2023 was $78,154. There are 11 employees and 9220 volunteers at Cincinnati Marathon Inc.
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Official website here: www.flyingpigmarathon.com
Where can I find the form 990 for Cincinnati Marathon Inc?
Cincinnati Marathon Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.flyingpigmarathon.com
Learn more at the official website: www.flyingpigmarathon.com
Mission Statement of Cincinnati Marathon Inc
Cincinnati Marathon Inc, as an organization, is committed to establishing an economically sustainable, top-notch, and enjoyable marathon event for its participants, volunteers, spectators, and sponsors. Their primary mission is to orchestrate the annual Flying Pig Marathon and additional races, which not only provide entertainment and enjoyment but also raise substantial funds for charitable causes. The organization's efforts extend beyond the financial aspects, as they also receive donated services and equipment, totalling $149,144 during the year, which are not included in the expenses listed. In essence, Cincinnati Marathon Inc strives to create a thriving and engaging marathon experience, ensuring the well-being of all involved, while also contributing to worthy causes in the community.
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Impact
October, 2024
Cincinnati Marathon Inc has a significant impact on the local community and beyond through the organization of top-tier sporting events, particularly the annual Flying Pig Marathon. By creating an economically viable and enjoyable marathon experience, they attract participants, volunteers, spectators, and sponsors, fostering a spirit of community engagement and support.
The event not only promotes physical fitness and healthy living, but also serves as a catalyst for economic activity in Cincinnati. Local businesses benefit from the influx of visitors, and the marathon generates funding for various charities, reinforcing the importance of social responsibility. With substantial contributions in the form of donated services and equipment, Cincinnati Marathon Inc enhances its capabilities and extends its reach, amplifying its positive influence on the community.
Overall, the organization plays a crucial role in uniting people around a shared passion for running while driving economic development and supporting charitable causes in the region.
This information is meant to be a general summary of Cincinnati Marathon 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: $5,980
- Program Service Revenue: $4,697,943
- Gross Receipts: $7,070,483
Assets and Liabilities:
- Total Assets: $829,940
- Total Liabilities: $699,968
- Net Assets: $129,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$3,191,992
EVENT REVENUE
Revenue
$1,505,951
Organization Details
Founding Year
1997
Principal Officer
Iris Simpson-Bush
Website
www.flyingpigmarathon.comNTEE Category
Code: P20 - Human services
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