Overview
What is The Faldo Trust For Tomorrow's Champions?
The Faldo Trust For Tomorrow's Champions is a charitable organization situated in Orlando, Florida. Its primary objective is to fund the Faldo Series, a program dedicated to supporting, promoting, and organizing golf tournaments and development programs for young golfers in the United States. The trust aims to enhance their welfare and skill development by providing ancillary facilities and activities. They achieved their initial goals through the creation of a promotional video explaining the Faldo Series, its purpose, and its ongoing commitment to nurturing young golfers globally.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Faldo Trust For Tomorrow's Champions has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The charity has achieved a score of 50%, which highlights a lack of transparency in its operations. While the organization boasts a fully independent board, it is hampered by missing financial statements and policies that are essential for good governance.
Strengths noted include a high program expense ratio of 91.73%, reflecting a commitment to its charitable mission. However, the charity has not provided the necessary documentation to support its financial operations, such as board meeting minutes or a whistleblower policy. These missing elements are critical for instilling confidence in stakeholders about the management of the charity.
Moreover, the charity's liabilities significantly exceed its assets, which raises additional red flags. The overall lack of financial documentation and policies could pose risks to the organization's long-term viability and trustworthiness in the eyes of donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Faldo Trust For Tomorrow's Champions legitimate?
The Faldo Trust For Tomorrow's Champions is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Faldo Trust For Tomorrow's Champions 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: $25,283
For more financial information, click here
What is the mission statement of The Faldo Trust For Tomorrow's Champions?
The mission of The Faldo Trust For Tomorrow's Champions is centered around funding the Faldo Series, a program that aims to establish, support, encourage, promote, organize, and operate golf tournaments, development programs, and ancillary facilities and activities for the benefit and welfare of young golfers worldwide. The initial contributions were used to produce a marketing, educational, and fundraising video to explain the Faldo Series, its purpose, its successes, and its continued interest in impacting young golfers globally. The Trustees of the charity have the authority to decide on appropriate activities to support young golfers based on this mission.
Who is the CEO of The Faldo Trust For Tomorrow's Champions?
David H Trevett Esq is the Vice President of The Faldo Trust For Tomorrow's Champions.
What is the revenue of The Faldo Trust For Tomorrow's Champions?
The Faldo Trust For Tomorrow's Champions's revenue in 2020 was $612,056.
Who are the executives of The Faldo Trust For Tomorrow's Champions and what are their salaries?
There 2 volunteers at The Faldo Trust For Tomorrow's Champions.
Here are 3 key members and their salaries:
- Compensation: $25,283
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Faldo Trust For Tomorrow's Champions?
The Faldo Trust For Tomorrow's Champions's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of The Faldo Trust For Tomorrow's Champions
The Faldo Trust for Tomorrow's Champions is an organization with a mission to fund the Faldo Series. This mission involves establishing, supporting, encouraging, promoting, organizing, and operating golf tournaments, development programs, and ancillary facilities and activities for the benefit and welfare of young golfers worldwide. The trust aims to touch the lives of young golfers, providing them with opportunities to grow and excel in the sport.
Initially, the trust used its funds to produce a marketing, educational, and fundraising video. This video showcases the purpose, successes, and interest of the Faldo Series in nurturing young golfers globally. The trustees of the charity have the discretion to determine appropriate activities and facilities to support this mission, ensuring that young golfers continue to reap the benefits of this program.
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
The impact of The Faldo Trust For Tomorrow's Champions can be seen through its funding of the Faldo Series, a program dedicated to establishing, supporting, encouraging, promoting, organizing, and operating golf tournaments, development programs, and ancillary activities for the benefit and welfare of young golfers in the United States. This initiative aims to touch the lives of young golfers around the world, providing them with opportunities to hone their skills and pursue their passion for the sport. Through the Trust's efforts, young golfers are given the support they need to excel in their athletic endeavors and reach their full potential in the competitive world of golf.
This information is meant to be a general summary of The Faldo Trust For Tomorrow's Champions. 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 2020.
- Gross Receipts: $612,056
Assets and Liabilities:
- Total Assets: $124,120
- Total Liabilities: $179,334
- Net Assets: -$55,214
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(407) 802-2060Principal Officer
David H Trevett Esq
Main Address
5850 TG LEE BLVD STE 435, ORLANDO, FL, 32822
NTEE Category
Code: Z99 - Unknown
If you are a representative of The Faldo Trust For Tomorrow's Champions 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.