Overview
What is Crystal Coast Tournament Inc?
Crystal Coast Tournament Inc is a nonprofit organization situated in Morehead City, North Carolina. Their primary mission is to raise funds for charitable organizations and community projects, with a focus on promoting conservation among sportsfishers and preserving maritime culture and heritage while fostering marine education. The organization supports local initiatives, including those that assist mentally and physically challenged individuals and organizations dedicated to fish preservation and sportfishing. With a team of 30 employees, Crystal Coast Tournament Inc actively contributes to the welfare of its community.
Official website here: www.thebigrock.com
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 54% (One-Star out of Four Stars)**tar)**
Crystal Coast Tournament Inc has received a low rating from Charity Navigator, mainly due to its score of 54% in Accountability & Finance. This rating indicates some strengths, such as having 100% independent board members and a high program expense ratio at 96.95%, reflecting effective allocation of resources towards its charitable goals. However, several critical areas leave room for improvement, including the absence of key financial policies and a lack of accessible financial statements on its website.
Despite its strong point in independent governance, the nonprofit's failure to implement essential policies, like conflict of interest and whistleblower protections, raises concerns about its operational transparency and accountability. The organization also has a high liabilities to assets ratio, suggesting potential financial vulnerabilities that could impact its sustainability over the long term.
User reviews from GreatNonprofits could not be fetched, limiting insight into public sentiment. Overall, while Crystal Coast Tournament Inc demonstrates some positive attributes, significant weaknesses in financial governance and transparency may hinder its reputation and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Crystal Coast Tournament Inc legitimate?
Crystal Coast Tournament Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crystal Coast Tournament 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $156,754
Professional Fundraising Fees: $0
Other Salaries and Wages: $445,993
For more financial information, click here
Official website here: www.thebigrock.com
What is the mission statement of Crystal Coast Tournament Inc?
Crystal Coast Tournament Inc's mission is centered around raising funds for charitable organizations and community projects. This non-profit organization aims to promote sportfishing, particularly in Carteret County and North Carolina. It also advocates for conservation among sports fishermen, preserves maritime culture and heritage, and promotes marine education. The organization's activities extend beyond fundraising, as it has supported local organizations that assist mentally and physically handicapped individuals and those dedicated to fish preservation and sportsfishing.
Official website here: www.thebigrock.com
What is the revenue of Crystal Coast Tournament Inc?
Crystal Coast Tournament Inc's revenue in 2024 was $11,701,515.
Official website here: www.thebigrock.com
Who are the executives of Crystal Coast Tournament Inc and what are their salaries?
The average compensation at Crystal Coast Tournament Inc during 2024 was $18,836. There are 32 employees at Crystal Coast Tournament Inc.
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- Compensation: $156,754
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Official website here: www.thebigrock.com
Where can I find the form 990 for Crystal Coast Tournament Inc?
Crystal Coast Tournament Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.thebigrock.com
Learn more at the official website: www.thebigrock.com
Mission Statement of Crystal Coast Tournament Inc
Crystal Coast Tournament Inc, a nonprofit organization, has a mission centered around raising funds for charitable organizations and worthy community projects. Their primary objective is to promote conservation among sports fishermen and preserve maritime culture and heritage while promoting marine education. They achieve this by supporting various initiatives that promote sportsfishing, particularly in Carteret County and North Carolina. The organization is also committed to encouraging conservation among sports fishermen, thereby protecting maritime heritage. Furthermore, Crystal Coast Tournament Inc plays a significant role in promoting marine education, thereby contributing to the preservation of marine resources. The organization has been successful in raising funds to support local charities, including those that assist mentally and physically handicapped individuals and organizations dedicated to fish preservation and sportsfishing.
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Impact
July, 2024
Crystal Coast Tournament Inc's impact includes raising funds for charities and worthy community projects to promote conservation among sports fishermen, preserve maritime culture and heritage, and promote marine education. Through their efforts, the organization has been able to support local organizations that assist mentally and physically handicapped individuals, as well as those that work towards fish preservation and the promotion of sports fishing. Their work contributes to the betterment of the community by addressing various social and environmental issues while also promoting recreational activities and education in marine-related fields.
This information is meant to be a general summary of Crystal Coast Tournament 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 2024.
- Investment Income: $84,213
- Program Service Revenue: $10,158,230
- Gross Receipts: $14,022,237
Assets and Liabilities:
- Total Assets: $1,569,391
- Total Liabilities: $432,291
- Net Assets: $1,137,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT INCOME
Revenue
$10,158,230
Organization Details
Founding Year
1982
Principal Officer
Mike Thompson
Website
www.thebigrock.comNTEE Category
Code: P34J - Human services
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