Overview
What is Pensacola Big Game Fishing Club Inc?
Pensacola Big Game Fishing Club Inc, established in 1970, is a nonprofit organization based in Pensacola, Florida. Their primary focus revolves around the sport of big game fishing, hosting some of the largest tournaments in the country. Their mission extends beyond mere competition, as they also strive to conserve and study big game fish. The Club's initiatives include the Billfish Foundation, which shares their commitment to the conservation and research of these magnificent creatures. Their work encourages the pursuit of big game fishing while promoting its responsible and sustainable practice.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40% (Zero-Star out of Four Star rating)
The Pensacola Big Game Fishing Club Inc has received a low score of 40% from Charity Navigator, leading to a Zero-Star rating. This score primarily reflects issues within the Accountability & Finance category. While the organization has an independent board and no recorded material diversion of assets, it faces significant challenges in maintaining financial health and transparency.
The organization's financial ratios raise concerns, particularly the program expense ratio, which stands at a mere 15.55%, indicating that less than 16% of its total expenses are directed toward programs. Additionally, the liabilities to assets ratio is relatively high at 47.92%, suggesting potential financial instability. These metrics point to a need for improved financial management practices.
Moreover, the absence of critical policies such as a whistleblower policy and a document retention and destruction policy has been noted, which detracts from the organization's accountability. While it has strengths in governance with a completely independent board, the overall financial performance and missing policies significantly hinder its rating and suggest areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Pensacola Big Game Fishing Club Inc legitimate?
Pensacola Big Game Fishing Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pensacola Big Game Fishing Club 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: $0
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What is the mission statement of Pensacola Big Game Fishing Club Inc?
The Pensacola Big Game Fishing Club Inc, established in 1970, has a mission to stimulate and foster the sport of big game fishing. Additionally, the club aims to promote the conservation and study of big game fish. To achieve this, they host the country's largest billfish tournaments and support programs related to the Billfish Foundation. Their goal is to encourage the preservation and understanding of these marine species.
Who is the CEO of Pensacola Big Game Fishing Club Inc?
Thomas Hammond is the President of Pensacola Big Game Fishing Club Inc.
What is the revenue of Pensacola Big Game Fishing Club Inc?
Pensacola Big Game Fishing Club Inc's revenue in 2022 was $127,813.
Who are the executives of Pensacola Big Game Fishing Club Inc and what are their salaries?
There 130 volunteers at Pensacola Big Game Fishing Club Inc.
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Pensacola Big Game Fishing Club Inc?
Pensacola Big Game Fishing Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pensacola Big Game Fishing Club Inc
The Pensacola Big Game Fishing Club Inc, established in 1970, has a mission that revolves around two primary aspects. Firstly, the organization is renowned for hosting the country's largest billfish tournaments, serving as a platform to stimulate and encourage the sport of big game fishing. Secondly, the club is committed to the conservation and study of big game fish, aiming to promote their wellbeing and understanding. The club's programs, including the Billfish Foundation located in Pensacola, FL, reflect this dual commitment to both the sport and the conservation of these magnificent marine creatures.
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Impact
June, 2024
The Pensacola Big Game Fishing Club Inc's impact is significant in the field of big game fishing. Since its establishment in 1970, the club has been hosting the country's largest billfish tournaments, which play a crucial role in stimulating and encouraging the sport of big game fishing. Additionally, the club works towards promoting conservation efforts and studying big game fish, contributing to the wider goal of environmental preservation. Through its programs and partnerships, such as with the Billfish Foundation, the Pensacola Big Game Fishing Club actively engages in activities that support the conservation and sustainability of big game fish populations. Overall, the club's efforts have a positive impact on the sport of big game fishing and emphasize the importance of environmental conservation.
This information is meant to be a general summary of Pensacola Big Game Fishing Club 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: $12,324
- Gross Receipts: $127,813
Assets and Liabilities:
- Total Assets: $1,126,838
- Total Liabilities: $604,000
- Net Assets: $522,838
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Organization Details
Founding Year
1970
Phone
(850) 554-9389Principal Officer
Thomas Hammond
Main Address
PO Box 401, Pensacola, FL, 32591
NTEE Category
Code: C32 - Environment
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