Overview
What is Englewood Beach Waterfest Inc?
Englewood Beach Waterfest Inc is a nonprofit organization based in Englewood, Florida, specifically at 601 S Indiana Ave. Their primary mission involves organizing events, competitions, and educational forums to highlight and celebrate Englewood's exceptional water resources and recreational opportunities. In the past, they successfully hosted the Offshore Powerboat Association World Championships, which brought in an estimated economic impact of over $5 million to the community, with 60% of this contribution coming from visitors outside the area. The event also served as an educational platform, educating nearly 32,000 attendees about local water and land conservation efforts. Englewood Beach Waterfest Inc also raises funds for other local charities that support these conservation efforts.
Official website here: www.englewoodbeachwaterfest.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 58%, One-Star out of Four Star rating.
Englewood Beach Waterfest Inc has received a low rating due to several shortcomings in its accountability and financial practices. While it does score well in areas such as board independence and program expense ratio, the organization struggles with critical transparency issues. Notably, it lacks essential policies, such as a conflict of interest policy and a whistleblower policy, which are important for organizational integrity.
The charity demonstrates strong program expenditure, allocating nearly 93% of its budget to its programs, indicating a commitment to its mission. However, its high liabilities to assets ratio is concerning, suggesting potential financial instability. Furthermore, the absence of a website link on its tax form raises questions about accessibility and transparency for potential donors and supporters.
Overall, while Englewood Beach Waterfest Inc shows promise in its financial commitment to programming, the significant gaps in governance and transparency practices have impacted its overall rating. Addressing these limitations could enhance its credibility and trust with the community and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Englewood Beach Waterfest Inc legitimate?
Englewood Beach Waterfest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Englewood Beach Waterfest 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.
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Official website here: www.englewoodbeachwaterfest.com
What is the mission statement of Englewood Beach Waterfest Inc?
Englewood Beach Waterfest Inc's mission revolves around organizing spectator events, participant competitions, and educational forums. The primary objective is to showcase unique water resources and recreational opportunities, aiming to educate attendees about local conservation efforts and support related charities. The organization successfully hosted the Offshore Powerboat Association World Championships, which generated an estimated economic impact of over $5 million, with 60% of the income coming from visitors outside the area. Additionally, nearly 32,000 attendees were educated on water and land conservation efforts during the event.
Official website here: www.englewoodbeachwaterfest.com
Who is the CEO of Englewood Beach Waterfest Inc?
Steve Gardiner is the President of Englewood Beach Waterfest Inc.
Official website here: www.englewoodbeachwaterfest.com
What is the revenue of Englewood Beach Waterfest Inc?
Englewood Beach Waterfest Inc's revenue in 2021 was $369,523.
Official website here: www.englewoodbeachwaterfest.com
Who are the executives of Englewood Beach Waterfest Inc and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.englewoodbeachwaterfest.com
Where can I find the form 990 for Englewood Beach Waterfest Inc?
Englewood Beach Waterfest Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.englewoodbeachwaterfest.com
Learn more at the official website: www.englewoodbeachwaterfest.com
Mission Statement of Englewood Beach Waterfest Inc
Englewood Beach Waterfest Inc, a non-profit organization, is dedicated to organizing spectator events, participant competitions, and educational forums that highlight the unique water resources and recreational opportunities of the area. The mission of Englewood Beach Waterfest Inc is to create engaging experiences that showcase the region's waterways and outdoor activities, while also promoting conservation efforts.
The organization has made a significant impact through its events, such as hosting the Offshore Powerboat Association World Championships. This event brought in an estimated economic impact of over $5 million to the community, with 60% of the revenue coming from visitors outside the area. Furthermore, nearly 32,000 attendees were educated on local water and land conservation efforts during the event.
In addition to hosting these events, Englewood Beach Waterfest Inc also raised funds for local charities that support conservation efforts. This demonstrates the organization's commitment to not only showcasing the area's recreational opportunities, but also to preserving them for future generations.
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Impact
June, 2024
Englewood Beach Waterfest Inc has had a significant impact on the Englewood community by successfully hosting the Offshore Powerboat Association World Championships. This event created an estimated economic impact of over $5 million, with 60% of the revenue coming from individuals residing outside the local area. In addition to boosting the local economy, the event also educated nearly 32,000 attendees on local water and land conservation efforts. Moreover, the organization raised funds for other local charities that support these important conservation initiatives. By showcasing Englewood's unique water resources and recreational opportunities, Englewood Beach Waterfest Inc plays a crucial role in promoting environmental awareness and community engagement in the area.
This information is meant to be a general summary of Englewood Beach Waterfest 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 2021.
- Investment Income: $61
- Program Service Revenue: $248,817
- Gross Receipts: $387,695
Assets and Liabilities:
- Total Assets: $158,515
- Total Liabilities: $24,039
- Net Assets: $134,476
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOAT RACE
Revenue
$248,817
Organization Details
Founding Year
2015
Phone
(941) 474-9309Principal Officer
Steve Gardiner
Main Address
601 S INDIANA AVE, ENGLEWOOD, FL, 34223
NTEE Category
Code: C12 - Environment
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