Overview
What is Wynn Resorts Foundation?
Wynn Resorts Foundation is a charitable organization based in Las Vegas, Nevada. It is dedicated to gathering resources through donations from both employees and the wider community, with the primary goal of promoting volunteer work and giving back to the community. In 2022, the Foundation distributed funds to 274 organizations that demonstrated significant benefits to the communities where Wynn Resorts, its employees, and its affiliates reside. The Foundation's mission is to work in close collaboration with Wynn Resorts and its subsidiaries, directing its charitable efforts exclusively towards these entities.
Official website here: www.wef.wynnresorts.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%, Two-Star out of Four Stars)
Wynn Resorts Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The foundation scored 66% overall, with significant weaknesses noted in the composition of its board, as it currently has no independent members. This lack of independence could raise concerns about governance and oversight within the organization.
The foundation has demonstrated strengths in certain areas, such as maintaining a 100% program expense ratio, suggesting that all its expenses are directed towards its programs. Additionally, it has a solid track record with no material diversion of assets and has established policies on conflict of interest, whistleblowing, and document retention. However, the absence of financial statements and the failure to post its tax form on the website are noteworthy limitations that detract from its transparency.
While the foundation is compliant with some key governance practices, the overall lack of independent board members and financial documentation represents significant areas for potential growth and improvement. Addressing these weaknesses may enhance the organization's credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wynn Resorts Foundation legitimate?
Wynn Resorts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wynn Resorts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wef.wynnresorts.com
What is the mission statement of Wynn Resorts Foundation?
The Wynn Resorts Foundation's mission is centered around raising funds, primarily from employees and community members, to encourage volunteerism and charitable contributions. The foundation's purpose is to channel these funds exclusively for charitable causes, aiming to make the greatest impact in the communities where Wynn Resorts, its employees, and members reside. In 2022, the foundation made contributions to 274 organizations that align with this mission. The Wynn Resorts Foundation operates with a focus on charitable purposes, working in harmony with Wynn Resorts and its subsidiaries.
Official website here: www.wef.wynnresorts.com
Who is the CEO of Wynn Resorts Foundation?
Teresa Dieguez is the Treasurer of Wynn Resorts Foundation.
Official website here: www.wef.wynnresorts.com
What is the revenue of Wynn Resorts Foundation?
Wynn Resorts Foundation's revenue in 2022 was $1,716,139.
Official website here: www.wef.wynnresorts.com
Who are the executives of Wynn Resorts Foundation and what are their salaries?
There 4089 volunteers at Wynn Resorts Foundation.
Here are 5 key members and their salaries:
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- Other: $0
Official website here: www.wef.wynnresorts.com
Where can I find the form 990 for Wynn Resorts Foundation?
Wynn Resorts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wef.wynnresorts.com
Learn more at the official website: www.wef.wynnresorts.com
Mission Statement of Wynn Resorts Foundation
The Wynn Resorts Foundation is dedicated to raising funds for charitable causes, primarily through the support of employees and community members. Its mission is to foster volunteerism and give back to communities where Wynn Resorts, its employees, and members reside. In pursuit of this mission, the Foundation makes donations to organizations that have a significant impact on their respective communities. In 2022 alone, the Foundation supported 274 such organizations, demonstrating its commitment to making a positive impact in various communities. The Wynn Resorts Foundation operates exclusively for charitable purposes, ensuring that its resources are used effectively to support worthy causes.
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Impact
July, 2024
The Wynn Resorts Foundation has a significant impact on communities by raising funds to foster volunteerism and giving back. In 2022 alone, the Foundation made donations to 274 organizations that have maximum impact on the communities where Wynn Resorts, employees, and members live. By working exclusively for charitable purposes with Wynn Resorts and its subsidiaries, the Foundation plays a vital role in supporting philanthropic initiatives in Las Vegas, NV, and beyond.
This information is meant to be a general summary of Wynn Resorts 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 2022.
- Gross Receipts: $1,716,139
Assets and Liabilities:
- Total Assets: $1,011,150
- Total Liabilities: $0
- Net Assets: $1,011,150
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Organization Details
Founding Year
2015
Phone
(702) 770-7588Principal Officer
Teresa Dieguez
Main Address
3131 Las Vegas Boulevard South, Las Vegas, NV, 89109
Website
www.wef.wynnresorts.comNTEE Category
Code: T30 - Philanthropy
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