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Colonial Challenge Cup Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521942393 ✦ Annapolis, MD ✦ Designated as a 501(c)(3)

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Overview

What is Colonial Challenge Cup Inc?

Colonial Challenge Cup Inc is a nonprofit organization primarily known for its annual sailing regatta, serving as a primary fundraising event. Local businesses contribute by sponsoring sailboats, and a substantial portion of the raised funds is donated to the Annapolis and Anne Arundel County Scholarship Fund. The organization also holds fall and spring track days to generate additional funds for these scholarships. Colonial Challenge Cup Inc's mission focuses on raising funds to support educational opportunities for the community.


Official website here: www.colonialchallengecup.org

Is Colonial Challenge Cup Inc legitimate?

Colonial Challenge Cup Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colonial Challenge Cup Inc submitted a form 990EZ, 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.


Official website here: www.colonialchallengecup.org

What is the mission statement of Colonial Challenge Cup Inc?

The Colonial Challenge Cup Inc, primarily focuses on fundraising efforts. Their primary event is an annual sailing regatta, where they solicit local businesses to sponsor sailboats. A substantial portion of the funds raised during these events is donated to the Annapolis and Anne Arundel County Scholarship Fund. Additionally, they organize fall and spring track days to raise funds for the same scholarship cause. In essence, the organization's mission revolves around raising funds to support educational scholarships in the community.


Official website here: www.colonialchallengecup.org

Who is the CEO of Colonial Challenge Cup Inc?

Chrispin Etherington is the President of Colonial Challenge Cup Inc.


Official website here: www.colonialchallengecup.org

What is the revenue of Colonial Challenge Cup Inc?

Colonial Challenge Cup Inc's revenue in 2021 was $7,961.


Official website here: www.colonialchallengecup.org

Who are the executives of Colonial Challenge Cup Inc and what are their salaries?


Here are 3 key members and their salaries:


Chrispin Etherington (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Harrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.colonialchallengecup.org

Where can I find the form 990EZ for Colonial Challenge Cup Inc?

Colonial Challenge Cup Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.


Official website here: www.colonialchallengecup.org

Learn more at the official website: www.colonialchallengecup.org

Mission Statement of Colonial Challenge Cup Inc

Colonial Challenge Cup Inc, a nonprofit organization, primarily focuses on fundraising efforts. Their primary event is an annual sailing regatta, where they solicit sponsorships from local businesses for the participating sailboats. A substantial portion of the earnings from this event, along with funds raised during fall and spring track days, is donated to the Annapolis and Anne Arundel County Scholarship Fund. In essence, the mission of Colonial Challenge Cup Inc is to generate funds through sailing events and track days, with the ultimate goal of supporting educational opportunities for individuals in the Annapolis and Anne Arundel County areas through scholarship programs.

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Impact




August, 2024

Colonial Challenge Cup Inc's impact is significant in raising funds for scholarships through its annual sailing regatta and track days events. By soliciting local businesses to sponsor sailboats and organizing fundraising activities, the organization is able to contribute a substantial portion of its proceeds to the Annapolis and Anne Arundel County scholarship funds. This support helps deserving individuals in the community pursue their educational goals and achieve greater opportunities.




This information is meant to be a general summary of Colonial Challenge Cup 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.

Revenue
$7,961 (2021)
Expenses
$8,041 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $55,854

Assets and Liabilities:

  • Total Assets: $14,188
  • Total Liabilities: $0
  • Net Assets: $14,188

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Organization Details

Principal Officer

Chrispin Etherington

Main Address

1783 FOREST DRIVE APT 341, ANNAPOLIS, MD, 21401

NTEE Category

Code: T90 - Philanthropy

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