Overview
What is The Club Foundation?
The Club Foundation is a charitable and educational nonprofit organization, headquartered at 1733 KING STREET, ALEXANDRIA, VA, 22314. Established with the aim of fostering intellectual growth in the field of club management, it achieves this goal by awarding scholarships and research grants to individuals and making charitable contributions. Its mission is to support the advancement of the club management profession, primarily through funding educational and training opportunities for club managers and students. By serving as a platform to coordinate and disseminate relevant information, The Club Foundation connects various sectors of the golf, hospitality, and related industries.
Official website here: www.clubfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The Club Foundation has achieved an impressive 97% score, earning a coveted Four-Star rating from Charity Navigator. This high rating reflects the organization's strong performance in accountability and finance, indicating a robust structure for managing resources. The evaluation is predominantly based on their commitment to transparency and ethical practices, showcasing the foundation's dedication to its mission.
Strengths of The Club Foundation include a fully independent board composed of 15 members, alongside comprehensive policies for conflicts of interest, whistleblower protections, and document retention. Their financial oversight appears solid, with no material diversions of assets reported and a favorable liabilities-to-assets ratio of 0.41%. The foundation also maintains a high program expense ratio of 67.70%, suggesting a significant portion of their funding is directed towards their programs rather than administrative costs.
While the organization demonstrates strong governance and operational efficiency, potential donors may want to consider the overall impact of its programs in relation to the financial metrics provided. Nevertheless, The Club Foundation's commitment to accountability positions it as a reliable choice for those looking to support charitable efforts within its sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Club Foundation legitimate?
The Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Club 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.
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Official website here: www.clubfoundation.org
What is the mission statement of The Club Foundation?
The Club Foundation was established with charitable and educational purposes, aiming to foster intellectual growth in the field of club management. This objective is achieved by granting scholarships or funding research to individuals and by making charitable contributions. The foundation's mission is to support the advancement of the club management profession. This is done by providing funding for educational and training opportunities for club managers and students. Furthermore, the foundation serves as a platform to coordinate and disseminate relevant information to various sectors, such as private clubs, restaurants, hotels, and the golf and hospitality industries.
Official website here: www.clubfoundation.org
Who is the CEO of The Club Foundation?
Jeffrey D Morgan is the Principal Officer of The Club Foundation.
Official website here: www.clubfoundation.org
What is the revenue of The Club Foundation?
The Club Foundation's revenue in 2022 was $1,163,107.
Official website here: www.clubfoundation.org
Who are the executives of The Club Foundation and what are their salaries?
There 15 volunteers at The Club Foundation.
Here are 16 key members and their salaries:
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- Related: $608,667
- Other: $63,733
Official website here: www.clubfoundation.org
Where can I find the form 990 for The Club Foundation?
The Club Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clubfoundation.org
Learn more at the official website: www.clubfoundation.org
Mission Statement of The Club Foundation
The Club Foundation, established with charitable and educational intentions, aims to promote intellectual growth in the realm of club management. It achieves this objective by granting scholarships or funding research to individuals and making charitable contributions. The foundation's mission extends beyond this, as it is committed to advancing the club management profession. This is accomplished by providing educational and training opportunities for club managers and students. Furthermore, The Club Foundation serves as a platform to coordinate and disseminate information of mutual interest to private clubs, restaurants, hotels, and other sectors of the golf and hospitality industries.
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Impact
July, 2024
The Club Foundation's impact is significant in fostering intellectual excellence in the field of club management. Through awarding scholarships and grants to educational institutions, students, and faculty, the foundation supports the advancement of the club management profession. By funding educational and training opportunities for club managers and students, The Club Foundation contributes to the development of knowledge and skills within the industry. Additionally, the foundation serves as a platform for coordinating and disseminating information of mutual interest to private clubs, restaurants, hotels, and other sectors in the golf and hospitality industries.
This information is meant to be a general summary of The Club 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.
- Investment Income: $206,520
- Gross Receipts: $1,542,000
Assets and Liabilities:
- Total Assets: $5,121,192
- Total Liabilities: $21,459
- Net Assets: $5,099,733
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Organization Details
Founding Year
1988
Phone
(703) 739-9500Principal Officer
Jeffrey D Morgan
Main Address
1733 KING STREET, ALEXANDRIA, VA, 22314
Website
www.clubfoundation.orgNTEE Category
Code: B820 - Education
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