Overview
What is Charlotte Steeplechase Foundation Inc?
Charlotte Steeplechase Foundation Inc is a nonprofit organization situated in Mineral Springs, North Carolina. Their primary activity involves hosting an annual steeplechase race. The profits generated from this event are then channeled towards granting funds to local charitable organizations. With a modest team of five employees, this foundation contributes to the wellbeing of their community by supporting various charitable causes.
Official website here: www.queenscup.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Charlotte Steeplechase Foundation Inc has earned a solid Three-Star rating, reflecting a commendable Accountability & Finance score of 81%. This score indicates that the organization demonstrates a strong commitment to transparent financial practices and governance. A significant highlight is the presence of a fully independent board, which contributes to effective oversight and decision-making.
The foundation’s financial operations show an impressive program expense ratio of 96.59%, suggesting that a substantial portion of its funds is allocated directly to its programs rather than administrative costs. Additionally, the organization scores perfectly on several accountability metrics, including having policies in place for conflict of interest, whistleblower protection, and document retention.
However, while the overall rating is favorable, potential donors may want to consider seeking further information regarding the foundation's impact and program outcomes, as the rating is primarily based on financial accountability rather than programmatic effectiveness. Overall, the Charlotte Steeplechase Foundation Inc appears to be a reliable charity with a strong governance framework in place.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Charlotte Steeplechase Foundation Inc?
92% of 335 reviewers on Facebook recommend the Charlotte Steeplechase Foundation Inc. Here is a summary of their reviews:
Many participants expressed immense enjoyment and satisfaction with this year's event, highlighting the perfect weather and the emphasis on safety for both riding and jumping. The opportunity to reconnect with old friends while also forming new friendships added to the overall positive experience, making it a memorable occasion for attendees.
Overall, the sentiment is overwhelmingly positive, with reviewers emphasizing their gratitude for the well-organized event and the joy it brought to the community. The Charlotte Steeplechase Foundation appears to successfully deliver on its promise of providing a delightful and engaging experience for participants.
This AI summary has been generated from reviews found on Facebook.
Is Charlotte Steeplechase Foundation Inc legitimate?
Charlotte Steeplechase Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte Steeplechase Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,209
For more financial information, click here
Official website here: www.queenscup.org
What is the mission statement of Charlotte Steeplechase Foundation Inc?
The Charlotte Steeplechase Foundation Inc is committed to organizing a steeplechase race as its primary activity. This annual event serves as a platform to raise funds, which are then distributed to various charitable organizations. The mission of the foundation is centered around this dual purpose: hosting a steeplechase race and channeling the proceeds towards charitable causes. The organization leverages the profits gained from the race to provide financial assistance to local charities, thereby contributing to their collective efforts in making a positive impact in the community.
Official website here: www.queenscup.org
Who is the CEO of Charlotte Steeplechase Foundation Inc?
William Price is the Principal Officer of Charlotte Steeplechase Foundation Inc.
Official website here: www.queenscup.org
What is the revenue of Charlotte Steeplechase Foundation Inc?
Charlotte Steeplechase Foundation Inc's revenue in 2022 was $1,560,630.
Official website here: www.queenscup.org
Who are the executives of Charlotte Steeplechase Foundation Inc and what are their salaries?
The average compensation at Charlotte Steeplechase Foundation Inc during 2022 was $17,642. There are 5 employees and 300 volunteers at Charlotte Steeplechase Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.queenscup.org
Where can I find the form 990 for Charlotte Steeplechase Foundation Inc?
Charlotte Steeplechase Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.queenscup.org
Learn more at the official website: www.queenscup.org
Mission Statement of Charlotte Steeplechase Foundation Inc
Charlotte Steeplechase Foundation Inc is dedicated to organizing a steeplechase race with the primary objective of distributing the proceeds to charitable causes. This nonprofit organization annually hosts a steeplechase event, utilizing the profits generated to fund various local charities. By organizing this race and channeling the resulting funds towards worthy causes, Charlotte Steeplechase Foundation Inc contributes to the betterment of its community.
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Impact
July, 2024
Charlotte Steeplechase Foundation Inc's impact is evident in the positive contributions it makes to local charities through its annual steeplechase race. By organizing this event, the organization is able to generate profits that are then distributed to various charitable causes in the community. This not only supports these organizations financially but also raises awareness about their important work. The foundation's commitment to giving back through recreational activities demonstrates its dedication to making a difference in the lives of others.
This information is meant to be a general summary of Charlotte Steeplechase Foundation 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 2022.
- Investment Income: $93,395
- Program Service Revenue: $1,719,207
- Gross Receipts: $2,048,663
Assets and Liabilities:
- Total Assets: $2,027,241
- Total Liabilities: $284,319
- Net Assets: $1,742,922
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Race Sponsorship
Revenue
$204,500
Course Sponsorship
Revenue
$190,000
Tent Packages
Revenue
$738,715
Ticket Sales
Revenue
$313,202
PSL Sales
Revenue
$150,241
Organization Details
Founding Year
1993
Phone
(704) 843-7070Principal Officer
William Price
Main Address
PO Box 70, Mineral Springs, NC, 28108
Website
www.queenscup.orgNTEE Category
Code: N52J - Recreation
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