Overview
What is Club 17 Charitable Foundation?
Club 17 Charitable Foundation is a nonprofit organization based in Petersburg, Virginia, specifically at 1181/2 Mars Street. Their primary mission is to support local charities and assist individuals in need within the Petersburg area. They achieve this by raising funds primarily through renting out their hall. The profits obtained after covering expenses are then distributed to the community through various means, such as scholarships and donations. The foundation employs a team of six individuals dedicated to carrying out its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Club 17 Charitable Foundation has some strengths, it does not meet the highest standards for accountability and transparency. The overall score reflects both positive attributes and areas where improvement is needed.
The organization showcases solid governance, with 100% of its board members being independent and an extensive independent board size, which supports good decision-making practices. Additionally, there are no material diversions of assets, and the foundation provides documentation for board meeting minutes, enhancing transparency. The financial health of the organization is also notable, as evidenced by a favorable liabilities to assets ratio and an impressive program expense ratio of over 95%.
However, the foundation's overall score of 73 suggests that there may be areas that require attention to improve its rating. While the strong financial metrics indicate effective allocation of resources towards its programs, the organization could benefit from enhanced accountability measures to bolster its overall standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Club 17 Charitable Foundation legitimate?
Club 17 Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Club 17 Charitable 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
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What is the mission statement of Club 17 Charitable Foundation?
The Club 17 Charitable Foundation's mission is centered around supporting local charities and individuals in need, primarily within its community. It achieves this by raising funds primarily through bingo events. The organization then distributes these funds, less any expenses, to various initiatives such as scholarships and donations, in line with its mission. The Club 17 Charitable Foundation operates with a commitment to allocating its profits towards uplifting its local community.
Who is the CEO of Club 17 Charitable Foundation?
Donald Roney is the Fin Sec of Club 17 Charitable Foundation.
What is the revenue of Club 17 Charitable Foundation?
Club 17 Charitable Foundation's revenue in 2022 was $53,005.
Who are the executives of Club 17 Charitable Foundation and what are their salaries?
There are 6 employees at Club 17 Charitable Foundation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Club 17 Charitable Foundation?
Club 17 Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Club 17 Charitable Foundation
Club 17 Charitable Foundation is an organization dedicated to supporting local charities and individuals in need within its community. Its primary source of funds comes from renting out its hall and the proceeds are then distributed to various causes. The organization is committed to distributing all profits, after accounting for expenses, to the community through scholarships, donations, and other means, in accordance with its mission. Club 17 Charitable Foundation serves as a generous benefactor, using the funds it raises to make a positive impact on its community.
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Impact
August, 2024
Club 17 Charitable Foundation's impact includes providing crucial support to local charities and individuals in the Petersburg area primarily through funds raised via bingo. This nonprofit organization distributes all profits, after covering expenses, in line with its mission to give back to the community. The Foundation's initiatives encompass various philanthropic activities, such as scholarships and donations, with a focus on benefiting those in need in the area.
This information is meant to be a general summary of Club 17 Charitable 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: $10
- Gross Receipts: $53,005
Assets and Liabilities:
- Total Assets: $424,552
- Total Liabilities: $207,944
- Net Assets: $216,608
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Organization Details
Founding Year
1999
Principal Officer
Donald Roney
Main Address
1181/2 MARS STREET, PETERSBURG, VA, 23803
NTEE Category
Code: T20 - Philanthropy
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