Overview
What is Charlotte Sports Foundation?
The Charlotte Sports Foundation, established in 2013, is a non-profit, 501(C)(3) organization based in Charlotte, North Carolina. With a team of eight dedicated individuals, this organization provides leadership for sports-related initiatives in the region, enhancing both the economy and the quality of life. They create unique events and business opportunities surrounding professional, collegiate, and amateur sporting events. Their work aims to generate a positive economic impact in the area and improve overall living conditions. Particularly noteworthy is their involvement in the annual post-season college football bowl game, which attracts teams and thousands of spectators each year.
Official website here: www.charlottesports.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
The Charlotte Sports Foundation has achieved a high level of accountability and financial transparency, as indicated by its impressive 96% score on Charity Navigator. This rating reflects the organization’s commitment to maintaining a strong governance structure, with a board that boasts 94% independent members and comprehensive policies in place, such as conflict of interest and whistleblower protections. The foundation's financial management practices are robust, with no material diversion of assets and an excellent liabilities to assets ratio.
Strengths of the organization include its high program expense ratio of 91.45%, suggesting that a significant portion of its funding is directed towards its mission-related activities rather than administrative costs. The foundation’s fiscal responsibility is further underscored by its well-structured audit and oversight committee, which scored a perfect 15 out of 15 points. These factors contribute to a positive impression of the foundation’s overall operational effectiveness.
While the data highlights many strengths, the summary does not mention specific programmatic outcomes or community impact, which could provide additional insights into the foundation's effectiveness and reach. Despite this limitation, the Charlotte Sports Foundation stands out as a financially sound organization dedicated to its mission in the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Charlotte Sports Foundation?
94% of 6 reviewers on Facebook recommend the Charlotte Sports Foundation. Here is a summary of their reviews:
While a majority of the feedback appears positively inclined, there is significant dissent from one reviewer. This individual expressed a strong dissatisfaction, citing unprofessionalism and a lack of reliability in communication. Their experience painted a picture of frustration with the Foundation's operations, contrasting with the generally favorable opinions from others.
Overall, the sentiment leans towards satisfaction among most reviewers, but it's essential to note that there are at least some significant concerns regarding the organization's professionalism and dependability that warrant attention.
This AI summary has been generated from reviews found on Facebook.
Is Charlotte Sports Foundation legitimate?
Charlotte Sports Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte Sports 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $678,134
Professional Fundraising Fees: $0
Other Salaries and Wages: $528,705
For more financial information, click here
Official website here: www.charlottesports.org
What is the mission statement of Charlotte Sports Foundation?
The Charlotte Sports Foundation is a non-profit organization, established in 2013, with a mission to spearhead sports-related initiatives that contribute to the economy and enhance the quality of life in the region. They provide distinctive events and business opportunities surrounding professional, collegiate, and amateur sporting events. Their primary objective is to create a positive economic impact as well as improve the overall living standards in the community. The foundation's efforts are geared towards making the most of sports events as catalysts for growth and development.
Official website here: www.charlottesports.org
Who is the CEO of Charlotte Sports Foundation?
Danny Morrison is the Executive Director of Charlotte Sports Foundation.
Official website here: www.charlottesports.org
What is the revenue of Charlotte Sports Foundation?
Charlotte Sports Foundation's revenue in 2023 was $18,481,910.
Official website here: www.charlottesports.org
Who are the executives of Charlotte Sports Foundation and what are their salaries?
The average compensation at Charlotte Sports Foundation during 2023 was $150,855. There are 8 employees and 130 volunteers at Charlotte Sports Foundation.
Here are 38 key members and their salaries:
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- Compensation: $222,437
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- Other: $31,898
Official website here: www.charlottesports.org
Where can I find the form 990 for Charlotte Sports Foundation?
Charlotte Sports Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.charlottesports.org
Learn more at the official website: www.charlottesports.org
Mission Statement of Charlotte Sports Foundation
The Charlotte Sports Foundation, a 501(C)(3) organization established in 2013, is dedicated to leading sports-based initiatives that contribute to the economy and enhance the quality of life in the Charlotte region. Through unique events and business opportunities surrounding professional, collegiate, and amateur sporting events, the Foundation aims to create a positive economic impact and improve the community's livability.
The Charlotte Sports Foundation serves as a catalyst for sports-related projects that bring both economic benefits and enjoyment to the region. By providing a platform for various sporting events and associated commercial opportunities, the organization contributes to the local economy and raises the region's profile. Additionally, the Foundation's efforts are geared towards enhancing the overall quality of life for Charlotte residents by fostering a vibrant and engaging sports culture.
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Impact
October, 2024
The Charlotte Sports Foundation significantly enhances the economy and quality of life in the Charlotte region through its leadership in sports-based initiatives. By organizing unique events and creating business opportunities tied to professional, collegiate, and amateur sporting events, the foundation fosters economic growth and community engagement.
A prime example of this impact is the annual post-season college football bowl game, which not only draws fans and visitors to the area but also boosts local businesses and showcases Charlotte as a vibrant sports destination. The Duke's Mayo Bowl, held at Bank of America Stadium on December 30, 2022, featured teams like North Carolina State University and the University of Maryland, drawing attention and economic activity to the region.
Through these efforts, the foundation contributes to a more lively community, promotes recreation, and ultimately enriches the overall quality of life for residents in Charlotte and surrounding areas.
This information is meant to be a general summary of Charlotte Sports 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 2023.
- Investment Income: $143,932
- Program Service Revenue: $10,832,508
- Gross Receipts: $18,481,910
Assets and Liabilities:
- Total Assets: $17,953,915
- Total Liabilities: $571,579
- Net Assets: $17,382,336
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$9,307,508
BOWL RIGHTS FEES
Revenue
$1,475,000
EVENTS
Revenue
$50,000
Organization Details
Founding Year
2013
Phone
(704) 644-4047Principal Officer
Danny Morrison
Main Address
4250 CONGRESS STREET 900, CHARLOTTE, NC, 28209
Website
www.charlottesports.orgNTEE Category
Code: N40 - Recreation
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