Overview
What is Gator Bowl Sports Charities Inc?
Gator Bowl Sports Charities Inc, located in Jacksonville, Florida, serves as the charitable arm of Gator Bowl Sports, dedicated to positively impacting the local community of Northeast Florida. Their primary focus is on youth, offering unique experiences, scholarships, and behind-the-scenes opportunities in sports, all with an emphasis on education, leadership, and service. Key programs include the Send a Child to the Game initiative, which annually provides over 1,000 participants with a full sports event experience, and the Gator Bowl Charities Award of Excellence Scholarship, granting four local senior student-athletes with college funding. New in 2021, the Most Valuable Teacher (MVT) Initiative was introduced, awarding over $10,000 to local educators. Gator Bowl Sports Charities, Inc., in alignment with its mission, generates revenue through event sales and contributions, while supporting various charitable, educational, and literary programs in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Gator Bowl Sports Charities Inc has earned a Three-Star rating from Charity Navigator, reflecting a relatively strong performance in accountability and finance. The overall score is derived entirely from the Accountability & Finance beacon, where the organization scored 79%. This score indicates that the charity is generally well-managed, with a focus on transparency and financial stewardship.
The organization demonstrates several strengths, including a fully independent board with 28 members, and it has implemented policies such as conflict of interest and whistleblower protections. Additionally, Gator Bowl Sports Charities maintains an impressive program expense ratio of 99.78%, showcasing its commitment to directing funds towards its charitable missions rather than administrative costs.
However, while the charity has many positive attributes, it does face challenges, particularly reflected by its liabilities to assets ratio of 371.05%, which could indicate financial risk. Overall, while the organization displays strong governance and financial practices, prospective donors should consider its financial liabilities when assessing its stability.
This AI summary has been generated from information found on Charity Navigator.
Is Gator Bowl Sports Charities Inc legitimate?
Gator Bowl Sports Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gator Bowl Sports Charities 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: $106,869
For more financial information, click here
What is the mission statement of Gator Bowl Sports Charities Inc?
Gator Bowl Sports Charities Inc, as a charitable organization, has a mission to organize, sponsor, and participate in various athletic events, educational opportunities, clinics, expositions, and similar programs for the benefit of the North Florida community. They also grant funds to promote charitable, scientific, literary, and educational programs. Acting as the charitable arm of Gator Bowl Sports Inc and Jacksonville Sports Council, they derive revenues from event sales and contributions. Their primary objective is to contribute positively to the local community through athletics and educational initiatives.
Who is the CEO of Gator Bowl Sports Charities Inc?
William G Mcgarity is the Vice President/Cfo of Gator Bowl Sports Charities Inc. The CEO's salary of Gator Bowl Sports Charities Inc is $0 and their total compensation is $174,202.
What is the revenue of Gator Bowl Sports Charities Inc?
Gator Bowl Sports Charities Inc's revenue in 2022 was $141,487.
Who are the executives of Gator Bowl Sports Charities Inc and what are their salaries?
There 40 volunteers at Gator Bowl Sports Charities Inc.
Here are 32 key members and their salaries (Gator Bowl Sports Charities Inc's CEO's salary is $0 and their total compensation is $174,202):
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- Related: $166,691
- Other: $34,396
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Where can I find the form 990 for Gator Bowl Sports Charities Inc?
Gator Bowl Sports Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gator Bowl Sports Charities Inc
Gator Bowl Sports Charities Inc, a charitable organization, is dedicated to serving the North Florida community. Its primary purpose is to organize, sponsor, produce, promote, and participate in athletic events, educational opportunities, clinics, expositions, and similar programs and projects. This nonprofit aims to enhance the community's wellbeing by raising funds and making donations to support charitable, scientific, literary, and educational programs. Furthermore, Gator Bowl Sports Charities Inc acts as the charitable arm of Gator Bowl Sports, Inc. and Jacksonville Sports Council, providing an additional avenue for community support through event sales and contributions.
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Impact
October, 2024
Gator Bowl Sports Charities Inc makes a significant impact on the Northeast Florida community through various programs designed to empower local youth and educators. Its initiatives focus on enhancing education, leadership, and community service.
One key program, "Send a Child to the Game," provides over 1,000 local children with the chance to attend sporting events, offering a comprehensive game-day experience that includes tickets, meals, and transportation. This initiative not only introduces youth to the excitement of sports but also fosters a sense of community and belonging.
The organization also supports academic excellence through scholarships. The Gator Bowl Charities Award of Excellence Scholarship gives four local senior student-athletes a valuable financial boost of $2,500 each for their higher education. Likewise, the Henry Tuten Gator Bowl Pro-Am Golf Scholarship provides four high school golfers with $2,000 scholarships, ensuring that talented athletes have the support they need to pursue their academic goals.
In addition to supporting youth, the Most Valuable Teacher (MVT) Initiative launched in 2021 recognizes and rewards teachers in the area. By providing weekly surprise grants of $1,000 to self-nominated educators, this initiative has distributed over $10,000 to enhance classroom resources and instruction.
Through these impactful programs, Gator Bowl Sports Charities Inc promotes educational opportunities and experiences in athletics, contributing to the development and success of individuals in the Northeast Florida community.
This information is meant to be a general summary of Gator Bowl Sports Charities 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: $20,030
- Gross Receipts: $198,584
Assets and Liabilities:
- Total Assets: $42,274
- Total Liabilities: $75,810
- Net Assets: -$33,536
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOLARSHIP OF EXCELLENCE
Revenue
$15,030
DREAM TEAM
Revenue
$5,000
Organization Details
Founding Year
2013
Phone
(904) 798-1700Principal Officer
William G Mcgarity
Main Address
One Gator Bowl Boulevard, Jacksonville, FL, 32202
NTEE Category
Code: T30 - Philanthropy
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