Overview
What is Jacksonville Marine Charities Inc?
Jacksonville Marine Charities Inc, situated in Jacksonville, Florida, is a nonprofit organization dedicated to recreation and community betterment. Their primary activity involves organizing a three-day fishing tournament, which serves as an enjoyable pastime for participants and onlookers. Beyond entertainment, this event also has a substantial positive influence on the north Florida region. The organization's core mission is to promote reef restoration and preservation, ensuring the health and sustainability of marine ecosystems. Moreover, the revenue generated from the tournament is generously donated to local educational institutions, furthering their commitment to community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Jacksonville Marine Charities Inc has received a solid rating of 75%, indicating a fair level of performance in accountability and financial management. The organization boasts a strong governance structure with 100% independent board members, which reflects its commitment to transparency and ethical oversight. Notably, the charity has a high program expense ratio of 99.25%, showing that nearly all funds raised are directed toward its programs rather than administrative costs.
The charity has also demonstrated responsible financial practices, evidenced by a low liabilities to assets ratio of 19.26%, suggesting financial stability. Additionally, it adheres to best practices in conflict of interest management and document retention, which further enhances its accountability profile.
While the overall rating is positive, potential donors may want to review the charity’s specific programs and outcomes to ensure alignment with their philanthropic goals. The rating indicates that while Jacksonville Marine Charities Inc is performing adequately, there may be areas for improvement that could enhance its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Jacksonville Marine Charities Inc legitimate?
Jacksonville Marine Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jacksonville Marine 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: $34,765
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What is the mission statement of Jacksonville Marine Charities Inc?
Jacksonville Marine Charities Inc, through its primary event, the Greater Jacksonville Kingfish tournament, offers recreational activities for participants and spectators. The organization's mission, however, extends beyond entertainment. It is centered around reef restoration and preservation. The earnings from the tournament are donated to local educational institutions. The mission of Jacksonville Marine Charities Inc is dedicated to contributing positively to the community and protecting marine ecosystems.
Who is the CEO of Jacksonville Marine Charities Inc?
Rita Contos is the Treasurer of Jacksonville Marine Charities Inc.
What is the revenue of Jacksonville Marine Charities Inc?
Jacksonville Marine Charities Inc's revenue in 2022 was $573,534.
Who are the executives of Jacksonville Marine Charities Inc and what are their salaries?
The average compensation at Jacksonville Marine Charities Inc during 2022 was $11,588. There are 3 employees and 300 volunteers at Jacksonville Marine Charities Inc.
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Where can I find the form 990 for Jacksonville Marine Charities Inc?
Jacksonville Marine Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jacksonville Marine Charities Inc
Jacksonville Marine Charities Inc, through their organization Greater Jacksonville Kingfish, focuses on a mission that combines recreation and community benefit. Their primary objective is the restoration and preservation of marine reefs. The nonprofit achieves this mission by organizing a three-day fishing tournament. This event not only offers an enjoyable experience for participants and spectators but also generates income. This income is subsequently donated to local educational institutions, providing further support to the community. By engaging in reef restoration and preservation efforts, Jacksonville Marine Charities Inc contributes to the health and sustainability of marine ecosystems, ensuring the continuity of marine life for future generations.
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Impact
July, 2024
Jacksonville Marine Charities Inc, through their Greater Jacksonville Kingfish fishing tournament, makes a significant impact on the north Florida community by focusing on reef restoration and preservation. The tournament not only provides recreation for participants and spectators but also generates income that is donated to area educational institutions. Their efforts contribute towards environmental conservation and support educational initiatives in the region.
This information is meant to be a general summary of Jacksonville Marine 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: $602
- Program Service Revenue: $234,818
- Gross Receipts: $573,534
Assets and Liabilities:
- Total Assets: $181,718
- Total Liabilities: $35,000
- Net Assets: $146,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$204,356
CONCESSIONS INCOME
Revenue
$30,462
Organization Details
Founding Year
1982
Principal Officer
Rita Contos
Main Address
8203 HECKSHER DRIVE, Jacksonville, FL, 32226
NTEE Category
Code: N61 - Recreation
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