Overview
What is Gwinnett Championship Foundation Inc?
Gwinnett Championship Foundation Inc, located at 6500 Sugarloaf Parkway Suite 200, Duluth, GA 30097, is a nonprofit organization dedicated to hosting the PGA Champions Tour-sanctioned Mitsubishi Electric Classic professional golf tournament. Their primary objective is to raise funds for locally established children's charitable organizations in Gwinnett County, GA. By organizing events such as a pro-am tournament, a celebrity challenge event, and a "Birdies for Charities" program, they promote volunteerism from the local community and contribute positively to the quality of life in Gwinnett County. The remaining proceeds from the tournament are donated to these 501(c)(3) children's charities, demonstrating their commitment to supporting the well-being of children in their community.
Official website here: www.mitsubishielectricclassic.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Gwinnett Championship Foundation Inc has received a two-star rating from Charity Navigator, indicating areas that require attention despite an overall score of 70%. The organization demonstrates strong governance with an independent board and effective financial practices, as evidenced by perfect scores in multiple accountability categories, including conflict of interest policies and documentation of board meeting minutes.
However, the foundation faces significant challenges, particularly with its working capital ratio, which is notably low at 0.08 years. This may raise concerns about the organization's short-term financial stability and its ability to meet operational needs. Additionally, while the program expense ratio is commendable at 98.24%, the lack of fundraising efficiency could impact long-term sustainability and growth.
Overall, while the Gwinnett Championship Foundation Inc excels in governance and program spending, it needs to address its financial health and fundraising strategies to enhance its effectiveness and ensure ongoing support for its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Gwinnett Championship Foundation Inc legitimate?
Gwinnett Championship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gwinnett Championship 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mitsubishielectricclassic.com
What is the mission statement of Gwinnett Championship Foundation Inc?
The Gwinnett Championship Foundation Inc's mission is centered around hosting the PGA Champions Tour-sanctioned Mitsubishi Electric Classic professional golf tournament. This event serves as a fundraising platform, contributing financially to locally established charitable 501(C)(3) children's organizations. The foundation also encourages volunteerism from the local Gwinnett County, GA community. Additionally, the foundation aims to positively impact the quality of life in the Gwinnett County area by donating the remaining proceeds from the tournament to these children's charities. The foundation organizes events related to the tournament, such as a pro-am tournament, a celebrity challenge event, and a "Birdies for Charities" program, to raise funds for these organizations.
Official website here: www.mitsubishielectricclassic.com
Who is the CEO of Gwinnett Championship Foundation Inc?
Monte Ortel is the Director of Gwinnett Championship Foundation Inc.
Official website here: www.mitsubishielectricclassic.com
What is the revenue of Gwinnett Championship Foundation Inc?
Gwinnett Championship Foundation Inc's revenue in 2022 was $4,081,736.
Official website here: www.mitsubishielectricclassic.com
Who are the executives of Gwinnett Championship Foundation Inc and what are their salaries?
There 456 volunteers at Gwinnett Championship Foundation Inc.
Here are 24 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mitsubishielectricclassic.com
Where can I find the form 990 for Gwinnett Championship Foundation Inc?
Gwinnett Championship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mitsubishielectricclassic.com
Learn more at the official website: www.mitsubishielectricclassic.com
Mission Statement of Gwinnett Championship Foundation Inc
The Gwinnett Championship Foundation Inc, a nonprofit organization, is dedicated to contributing financially to locally established 501(C)(3) children's charities. Their mission is to donate the remaining proceeds from the PGA Champions Tour-sanctioned Mitsubishi Electric Classic professional golf tournament to these charitable children's organizations. The foundation achieves this by hosting various events related to the tournament, such as the Pro-Am tournament, a celebrity challenge event, and a "Birdies for Charities" program. These events serve as fundraising opportunities, aiming to raise significant funds for these children's charities. The Gwinnett Championship Foundation Inc's mission is a testament to its commitment to supporting the well-being and development of children in the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Gwinnett Championship Foundation Inc's impact centers around hosting the PGA Champions Tour sanctioned Mitsubishi Electric Classic professional golf tournament. This event serves as a fundraising opportunity to financially support local charitable children's organizations. Additionally, the foundation promotes volunteerism within the Gwinnett County community and contributes positively to the area's quality of life. Through their mission, they aim to donate proceeds from the tournament to benefit established charitable organizations, ultimately making a difference in the lives of children in need.
This information is meant to be a general summary of Gwinnett Championship 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.
- Program Service Revenue: $198,983
- Gross Receipts: $4,465,920
Assets and Liabilities:
- Total Assets: $384,869
- Total Liabilities: $109,116
- Net Assets: $275,753
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT REVENUE
Revenue
$173,804
TOURNAMENT TICKETS
Revenue
$25,179
Organization Details
Founding Year
2012
Phone
(770) 232-7872Principal Officer
Monte Ortel
Main Address
6500 SUGARLOAF PARKWAY SUITE 200, DULUTH, GA, 30097
NTEE Category
Code: A12 - Arts
If you are a representative of Gwinnett Championship Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.