Overview
What is South Carolina Charities Inc?
South Carolina Charities Inc, based in Greenville, South Carolina, serves as a charitable organization with a primary focus on generating funds for various South Carolina-based nonprofits and charities. They achieve this through the organization and management of the BMW Charity Pro-Am Golf Tournament presented by Synnex Corporation. By hosting this event, they not only raise awareness for these causes but also directly contribute financial support. The organization, with a team of 14 employees, plays an instrumental role in channeling proceeds from this tournament towards enhancing the impact of various South Carolina charities.
Official website here: www.bmwcharitygolf.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
South Carolina Charities Inc has received a One-Star out of Four Star rating from Charity Navigator, reflecting significant concerns in its accountability and finance metrics. The overall score is primarily based on the Accountability & Finance category, where the charity earned a score of 58%. While it has shown strengths in having a majority of independent board members and demonstrating transparency by listing meeting minutes, critical areas such as the absence of a conflict of interest policy and high liabilities compared to its assets have negatively impacted its overall rating.
The organization has successfully maintained a high program expense ratio, indicating that a significant portion of its expenditures is directed towards its charitable programs. However, the issues surrounding financial management, particularly the high liabilities to assets ratio, raise questions about the sustainability and operational health of the charity. Furthermore, the lack of a conflict of interest policy suggests potential governance weaknesses.
In conclusion, while South Carolina Charities Inc demonstrates some positive governance practices, the low overall rating underscores the need for improvement in financial practices and policy development to ensure greater accountability and effectiveness in its charitable mission.
This AI summary has been generated from information found on Charity Navigator.
Is South Carolina Charities Inc legitimate?
South Carolina Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina Charities 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: $379,622
For more financial information, click here
Official website here: www.bmwcharitygolf.com
What is the mission statement of South Carolina Charities Inc?
South Carolina Charities Inc's primary mission is to organize the BMW Charity Pro-Am Golf Tournament presented by Synnex Corporation. The primary objective of this event is to generate funds, which the organization then administers and utilizes to support various charities in South Carolina. The primary goal is to raise awareness and provide financial assistance to these charities. The organization achieves this by managing and using the tournament proceedings effectively. In essence, South Carolina Charities Inc acts as a facilitator, using the revenue generated from the golf tournament to support various charitable causes in the region.
Official website here: www.bmwcharitygolf.com
Who is the CEO of South Carolina Charities Inc?
Michael Mcgovern is the Director of South Carolina Charities Inc.
Official website here: www.bmwcharitygolf.com
What is the revenue of South Carolina Charities Inc?
South Carolina Charities Inc's revenue in 2022 was $3,796,046.
Official website here: www.bmwcharitygolf.com
Who are the executives of South Carolina Charities Inc and what are their salaries?
The average compensation at South Carolina Charities Inc during 2022 was $27,116. There are 14 employees at South Carolina Charities Inc.
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Official website here: www.bmwcharitygolf.com
Where can I find the form 990 for South Carolina Charities Inc?
South Carolina Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bmwcharitygolf.com
Learn more at the official website: www.bmwcharitygolf.com
Mission Statement of South Carolina Charities Inc
South Carolina Charities Inc, as an organization, is primarily dedicated to hosting the BMW Charity Pro-Am Golf Tournament, which is sponsored by Synnex Corporation. The primary goal of this event is twofold: firstly, to raise awareness about various charitable causes in South Carolina, and secondly, to generate funds that are subsequently administered, managed, and utilized to support these causes. By leveraging the revenues derived from this annual golf tournament, South Carolina Charities Inc plays a significant role in providing financial assistance to numerous nonprofit organizations and charities within the state. In essence, the mission of South Carolina Charities Inc is to serve as a catalyst for change and support, utilizing the power of golf and philanthropy to positively impact the lives of many within its community.
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Impact
July, 2024
South Carolina Charities Inc's impact is significant in supporting various charities and organizations in South Carolina through the revenue generated from its primary event, the BMW Charity Pro-Am Golf Tournament presented by SYNNEX Corporation. By operating this tournament, the organization raises awareness and provides funding to multiple South Carolina charities, contributing to the betterment of the community. This initiative not only supports charitable causes but also engages the community in a recreational activity that benefits those in need.
This information is meant to be a general summary of South Carolina Charities 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: $109
- Gross Receipts: $4,593,200
Assets and Liabilities:
- Total Assets: $506,863
- Total Liabilities: $1,860,669
- Net Assets: -$1,353,806
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Organization Details
Founding Year
2000
Phone
(864) 297-1660Principal Officer
Michael Mcgovern
Main Address
104 S MAIN STREET SUITE 110, GREENVILLE, SC, 29601
Website
www.bmwcharitygolf.comNTEE Category
Code: N116 - Recreation
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