Overview
What is The Lpga Foundation?
The Lpga Foundation, situated in Daytona Beach, Florida, is a nonprofit organization dedicated to making a positive impact on girls and women's lives through the sport of golf. Actively involved in organizing a tournament on the LPGA tour schedule, the foundation generates funds for its operations through various sources such as sponsorships, pro-am events, hospitality, admissions, and other revenue streams. The primary mission of The Lpga Foundation is to inspire and empower females, ultimately transforming their lives through the game of golf.
Official website here: www.lpga.com
What are the reviews and ratings of this charity?
The LPGA Foundation holds a rating of 96% on Charity Navigator, earning a prestigious Four-Star out of Four Star rating. This score reflects the organization’s strong accountability and financial health, with a perfect score in the Accountability & Finance category. Key indicators include a majority of independent board members and a very high program expense ratio, demonstrating effective use of funds toward its mission.
The foundation's financial management practices appear robust, as evidenced by their thorough documentation and policies regarding asset management, conflict of interest, and whistleblowing protections. However, it is notable that the foundation's impact and measurement practices, as well as its culture and community initiatives, have not been scored, which may leave some stakeholders curious about the broader effectiveness of its programs.
User reviews from GreatNonprofits could not be fetched, which limits the understanding of public sentiment toward the organization. Overall, the LPGA Foundation presents itself as financially sound and well-managed, although additional insights into its program impact and community relations would enhance understanding of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Lpga Foundation legitimate?
The Lpga Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lpga Foundation 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: $784,619
For more financial information, click here
Official website here: www.lpga.com
What is the mission statement of The Lpga Foundation?
The Lpga Foundation's mission is centered around inspiring, empowering, and transforming the lives of girls and women through the game of golf. By adhering to this mission, the organization aims to make a significant impact on these individuals, fostering personal growth and development. The foundation achieves this by conducting a golf tournament, which is a key part of their activities. Funds for this tournament are raised through various sources such as sponsorships, pro-am events, hospitality, admission fees, and other revenue streams.
Official website here: www.lpga.com
What is the revenue of The Lpga Foundation?
The Lpga Foundation's revenue in 2023 was $11,606,595.
Official website here: www.lpga.com
Who are the executives of The Lpga Foundation and what are their salaries?
There 1610 volunteers at The Lpga Foundation.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $1,270,570
- Other: $44,036
- Compensation: $0
- Related: $359,159
- Other: $31,800
- Compensation: $0
- Related: $95,534
- Other: $31,364
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $11,850
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $476,861
- Other: $30,340
- Compensation: $0
- Related: $389,493
- Other: $31,238
Official website here: www.lpga.com
Where can I find the form 990 for The Lpga Foundation?
The Lpga Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lpga.com
Learn more at the official website: www.lpga.com
Mission Statement of The Lpga Foundation
The LPGA Foundation, a renowned nonprofit organization, is dedicated to inspiring, empowering, and transforming the lives of girls and women through the game of golf. This mission is at the heart of the organization's activities, aiming to make a significant impact on the lives of its intended beneficiaries. By leveraging the power of golf, the LPGA Foundation seeks to bring about positive changes in the lives of girls and women, fostering their growth and development. The organization's commitment to this cause is evident in its involvement in conducting a golf tournament on the LPGA tournament schedule, which is funded through various revenue sources such as sponsorships, pro-am events, hospitality, admission, and other income streams. The revenues generated from these sources allow the LPGA Foundation to continue its mission of using golf as a tool for empowerment and transformation in the lives of girls and women.
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Impact
July, 2024
The LPGA Foundation's impact can be seen in its efforts to inspire, empower, and transform the lives of girls and women through the game of golf. Through conducting a tournament on the LPGA tournament schedule, the foundation raises revenue through sponsorships, pro-am events, hospitality, and more. By providing opportunities for girls and women to engage with golf, the foundation is actively working towards its mission of empowerment and education.
This information is meant to be a general summary of The Lpga Foundation. 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: $173,578
- Program Service Revenue: $6,700,871
- Gross Receipts: $11,717,767
Assets and Liabilities:
- Total Assets: $8,292,695
- Total Liabilities: $1,392,843
- Net Assets: $6,899,852
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LPGA FOUNDERS TOURN.
Revenue
$6,700,871
Organization Details
Founding Year
1991
Principal Officer
Nancy Henderson
Website
www.lpga.comNTEE Category
Code: B99 - Education
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