Overview
What is Copperhead Charities Inc?
Copperhead Charities Inc, based in Palm Harbor, Florida, is a nonprofit organization dedicated to making significant charitable contributions in the Tampa Bay area. Since its inception in 1977, it has raised nearly $50 million through the sponsorship of professional golf tournaments, with the 2023 Valspar Championship generating $1,189,548 for charity. The organization directly donated to various local charities, including Tampa General Hospital, Habitat for Humanity of Pinellas and West Pasco Counties, St. Petersburg College Foundation, and local chapters of The First Tee. Copperhead Charities' efforts extend beyond fundraising, contributing an annual economic impact of over $64 million to the Tampa Bay Area as per an independent study.
Official website here: www.valsparchampionship.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Stars
Copperhead Charities Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization's strengths lie in its governance structure, with a fully independent board and a well-managed audit committee. However, the charity faces significant challenges regarding transparency and program expenses, as evidenced by the low program expense ratio.
While the charity has effectively documented its board meeting minutes and has a conflict of interest policy in place, it lacks key policies such as a whistleblower policy and document retention procedures. Additionally, the absence of its tax forms on the nonprofit's website raises concerns about transparency and communication with stakeholders.
Overall, while Copperhead Charities Inc demonstrates strengths in governance and financial oversight, improvements are needed in transparency and program funding to enhance its rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Copperhead Charities Inc legitimate?
Copperhead Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Copperhead 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: $809,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $661,064
For more financial information, click here
Official website here: www.valsparchampionship.com
What is the mission statement of Copperhead Charities Inc?
Copperhead Charities Inc is a non-profit organization dedicated to providing aid to charities in the Tampa Bay area. It achieves this goal through the sponsorship of professional golf tournaments, with the 2023 Valspar Championship generating over $1.1 million for charity. The total charitable contributions raised by Copperhead Charities since 1977 is approximately $50 million. Nearly 70 charities benefited from the 2023 tournament, with significant donations made to organizations like Tampa General Hospital, Habitat for Humanity, St. Petersburg College Foundation, and local chapters of The First Tee. The economic impact study conducted by the University of South Florida and Sportseconomics, LLC revealed that the tournament contributes an annual economic impact of over $64 million to the Tampa Bay area.
Official website here: www.valsparchampionship.com
Who is the CEO of Copperhead Charities Inc?
Tracy West is the General Chair of Copperhead Charities Inc.
Official website here: www.valsparchampionship.com
What is the revenue of Copperhead Charities Inc?
Copperhead Charities Inc's revenue in 2023 was $16,357,137.
Official website here: www.valsparchampionship.com
Who are the executives of Copperhead Charities Inc and what are their salaries?
The average compensation at Copperhead Charities Inc during 2023 was $113,117. There are 13 employees and 2500 volunteers at Copperhead Charities Inc.
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Official website here: www.valsparchampionship.com
Where can I find the form 990 for Copperhead Charities Inc?
Copperhead Charities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.valsparchampionship.com
Learn more at the official website: www.valsparchampionship.com
Mission Statement of Copperhead Charities Inc
Copperhead Charities Inc, a renowned charitable organization, is dedicated to making a difference in the Tampa Bay community by providing aid to local charities. This mission is accomplished through the organization's involvement in fundraising events centered around professional golf.
The most notable of these events is the Valspar Championship, a PGA Tour event that has generated significant charitable contributions. In 2023 alone, the tournament raised an impressive $1,189,548 for various charities. Copperhead Charities, the sponsoring organization, has been instrumental in this effort, having raised approximately $50 million for charity since its inception in 1977.
An array of 70 charities in the Tampa Bay area have benefited from Copperhead Charities' initiatives. Directed donations in 2023 included those to Tampa General Hospital, Habitat for Humanity of Pinellas and West Pasco Counties, and the St. Petersburg College Foundation, among others. The economic impact of these activities extends beyond the charitable contributions, with an independent study revealing an annual economic impact of over $64 million on the Tampa Bay Area.
Copperhead Charities' commitment to improving the community goes beyond just monetary contributions. The organization's involvement in these events raises awareness for various causes and brings people together in support of local charities. Through its dedication to fundraising and community engagement, Copperhead Charities continues to make a significant impact in the lives of those in need in the Tampa Bay Area.
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Impact
October, 2024
Copperhead Charities Inc has made a significant impact in the Tampa Bay area by providing substantial financial support to local charities and community initiatives. In 2023, the organization facilitated charitable contributions of $1,189,548 through the Valspar Championship, a prominent PGA Tour event. Since its inception in 1977, Copperhead Charities has generated approximately $50 million for various charitable causes by hosting professional golf tournaments.
This funding has benefitted around 70 local charities, including notable organizations such as Tampa General Hospital, Habitat for Humanity of Pinellas and West Pasco Counties, St. Petersburg College Foundation, and local chapters of The First Tee. The economic influence of these tournaments extends beyond fundraising; an independent study indicated that tournament activities contribute over $64 million annually to the Tampa Bay economy, highlighting the dual impact on both social philanthropy and local economic growth.
This information is meant to be a general summary of Copperhead 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 2023.
- Investment Income: $54,717
- Program Service Revenue: $10,539,745
- Gross Receipts: $16,357,137
Assets and Liabilities:
- Total Assets: $5,557,222
- Total Liabilities: $2,995,126
- Net Assets: $2,562,096
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT SALES
Revenue
$10,539,745
Organization Details
Founding Year
1977
Phone
(727) 942-5566Principal Officer
Tracy West
Main Address
35111 US HIGHWAY 19 NORTH 302, PALM HARBOR, FL, 34684
Website
www.valsparchampionship.comNTEE Category
Code: T990 - Philanthropy
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