Overview
What is Greater Hartford Community Foundation Inc?
Greater Hartford Community Foundation Inc is a nonprofit organization based in Hartford, Connecticut. Their primary mission is to host world-class charitable events, with the most notable being the Travelers Championship, Connecticut's annual PGA Tour golf tournament. The net proceeds from this event and other activities are dedicated to benefiting the community, particularly citizens, social welfare organizations, and other institutions. The Foundation currently employs a team of 14 individuals, working diligently to maximize charitable giving through these events.
Official website here: www.travelerschampionship.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Stars ating
Greater Hartford Community Foundation Inc has received a 77% rating from Charity Navigator, indicating a decent level of accountability and financial health. With this score, the organization has been recognized for its effective governance and transparency in its financial dealings. The foundation demonstrates a strong commitment to accountability, as evidenced by its high performance in various categories.
The organization boasts a fully independent board, with 95% of its members being independent, which contributes positively to its governance scores. It has also excelled in financial oversight, having a robust audit and oversight committee, and no material diversion of assets reported. Its high program expense ratio of 98.40% signifies that a significant portion of its resources is directed towards its programs rather than administrative costs.
While the rating reflects overall strengths in accountability and finance, potential donors may want to consider the organization’s impact and effectiveness in achieving its mission as this information is not highlighted in the financial metrics. Overall, the Greater Hartford Community Foundation Inc presents a solid option for those looking to support a financially stable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Hartford Community Foundation Inc legitimate?
Greater Hartford Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Hartford Community Foundation 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: $1,065,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $882,073
For more financial information, click here
Official website here: www.travelerschampionship.com
What is the mission statement of Greater Hartford Community Foundation Inc?
The Greater Hartford Community Foundation Inc strives to host a world-class PGA Tour event that maximizes charitable giving while positively impacting the community. Their primary fundraising endeavor is the Travelers Championship, an annual golf tournament in Connecticut. The earnings generated from the tournament and other related activities are allocated towards bettering the lives of citizens, social welfare organizations, and various institutions within the community. The foundation's mission is to make a significant difference through this high-profile event, ultimately contributing to the betterment of the community as a whole.
Official website here: www.travelerschampionship.com
Who is the CEO of Greater Hartford Community Foundation Inc?
Nathan Grube is the Director of Greater Hartford Community Foundation Inc.
Official website here: www.travelerschampionship.com
What is the revenue of Greater Hartford Community Foundation Inc?
Greater Hartford Community Foundation Inc's revenue in 2022 was $22,150,705.
Official website here: www.travelerschampionship.com
Who are the executives of Greater Hartford Community Foundation Inc and what are their salaries?
The average compensation at Greater Hartford Community Foundation Inc during 2022 was $139,115. There are 14 employees and 1700 volunteers at Greater Hartford Community Foundation Inc.
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- Other: $15,947
Official website here: www.travelerschampionship.com
Where can I find the form 990 for Greater Hartford Community Foundation Inc?
Greater Hartford Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.travelerschampionship.com
Learn more at the official website: www.travelerschampionship.com
Mission Statement of Greater Hartford Community Foundation Inc
Greater Hartford Community Foundation Inc is a charitable organization dedicated to maximizing giving to charity and benefiting the community through world-class PGA Tour events. Their primary fundraising activity is the annual Travelers Championship golf tournament in Connecticut. The proceeds generated from this tournament and other related activities are used to support citizens, social welfare organizations, and various institutions within the community. By hosting this prestigious event, the Foundation is able to raise significant funds for worthy causes and contribute to the betterment of the community at large. The Foundation takes pride in its role as a leading philanthropic organization, using the allure of world-class golf to make a positive impact on the lives of those in need.
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Impact
October, 2024
The Greater Hartford Community Foundation Inc significantly impacts the local community through its commitment to philanthropy, primarily realized through the Travelers Championship, Connecticut’s annual PGA Tour golf tournament. This event not only serves as a premier sporting attraction but also functions as a vital fundraising mechanism, generating net proceeds that are directed to citizens, social welfare organizations, and various community institutions.
By maximizing charitable giving through this world-class sporting event, the foundation enhances social welfare, supports local initiatives, and strengthens the fabric of the community. Each year, the funds raised contribute to improving the lives of those in Hartford and surrounding areas, addressing diverse needs and fostering community development. The foundation's dedication to combining a major sporting event with significant charitable outcomes exemplifies its commitment to making a meaningful difference in the lives of individuals and organizations throughout the region.
This information is meant to be a general summary of Greater Hartford Community 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,040
- Program Service Revenue: $8,090,209
- Gross Receipts: $22,206,714
Assets and Liabilities:
- Total Assets: $8,414,279
- Total Liabilities: $6,708,563
- Net Assets: $1,705,716
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REVENUE
Revenue
$8,090,209
Organization Details
Founding Year
2005
Phone
(860) 502-6800Principal Officer
Nathan Grube
Main Address
90 STATE HOUSE SQUARE 11TH FL, HARTFORD, CT, 06103
NTEE Category
Code: T30 - Philanthropy
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