Overview
What is Minnesota Golf Association Foundation?
The Minnesota Golf Association Foundation is a nonprofit organization situated in Edina, Minnesota. Their primary focus is on providing grants and scholarships to youth, high school, and college girls engaged or showing interest in golf. The foundation's mission is twofold: to offer financial aid and make golf more accessible and affordable for young individuals who share an interest in the sport. The foundation's activities and goals aim to foster and support the next generation of golfers.
Official website here: www.mwga-online.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating
The Minnesota Golf Association Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas despite some strong performance metrics. The organization boasts a high program expense ratio of 98.46%, illustrating a strong commitment to its mission and efficient use of resources. Additionally, it has received full marks for its board independence and for maintaining a low liabilities to assets ratio, demonstrating financial health.
However, the foundation's rating is hindered by the absence of critical governance policies, specifically a conflict of interest policy, whistleblower policy, and a document retention and destruction policy. These missing elements reflect a lack of transparency and accountability practices that are essential for building trust with stakeholders. Furthermore, the organization's tax form is not posted on its website, which limits accessibility to important financial information.
Overall, while the Minnesota Golf Association Foundation shows a strong dedication to its programs and financial stability, it must address its governance shortcomings to enhance its accountability and overall rating. Improving these policies could help increase trust and potentially lead to better ratings in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Golf Association Foundation legitimate?
Minnesota Golf Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Golf Association 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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For more financial information, click here
Official website here: www.mwga-online.org
What is the mission statement of Minnesota Golf Association Foundation?
The Minnesota Golf Association Foundation's mission is centered around providing support and opportunities for young girls involved or interested in golf. They offer grants and scholarships to cater to this demographic, ranging from youth to college level. Furthermore, the foundation strives to make golf accessible and affordable for these aspiring individuals. In essence, their goal is to empower young girls in golf by providing the necessary financial aid and resources.
Official website here: www.mwga-online.org
Who is the CEO of Minnesota Golf Association Foundation?
Mike Malone is the President of Minnesota Golf Association Foundation.
Official website here: www.mwga-online.org
What is the revenue of Minnesota Golf Association Foundation?
Minnesota Golf Association Foundation's revenue in 2022 was $534,691.
Official website here: www.mwga-online.org
Who are the executives of Minnesota Golf Association Foundation and what are their salaries?
There 2 volunteers at Minnesota Golf Association Foundation.
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Official website here: www.mwga-online.org
Where can I find the form 990 for Minnesota Golf Association Foundation?
Minnesota Golf Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mwga-online.org
Learn more at the official website: www.mwga-online.org
Mission Statement of Minnesota Golf Association Foundation
The Minnesota Golf Association Foundation is committed to a mission that primarily revolves around providing financial aid and opportunities in the realm of golf. This nonprofit organization aims to extend grants and scholarships to young girls, ranging from youth to college level, who are either actively engaged in golf or exhibit a profound interest in the sport. By undertaking this mission, the Minnesota Golf Association Foundation seeks to ensure that golf remains accessible and affordable for these young individuals. This initiative not only fosters the growth and development of young golfers but also provides them with a platform to excel in their passion for the sport.
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Impact
July, 2024
The Minnesota Golf Association Foundation's impact lies in providing grants and scholarships to youth, high school, and college girls involved or interested in golf. By offering financial support, the foundation aims to make golf more accessible and affordable for young individuals wanting to pursue the sport. Through its focus on education and empowerment, the foundation contributes to the development and advancement of young female golfers, creating opportunities for growth and success in the golfing community.
This information is meant to be a general summary of Minnesota Golf Association 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: $29
- Gross Receipts: $534,691
Assets and Liabilities:
- Total Assets: $558,422
- Total Liabilities: $0
- Net Assets: $558,422
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Organization Details
Phone
(952) 927-4643Principal Officer
Mike Malone
Main Address
6550 YORK AVENUE SOUTH ROOM/STE 411, EDINA, MN, 554352347
Website
www.mwga-online.orgNTEE Category
Code: B82 - Education
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