Overview
What is Diamond Derby Inc Barnstable Brown Party?
Diamond Derby Inc, located at 1700 Spring Drive, Louisville, Kentucky 40205, is a nonprofit organization that hosts an annual Derby Party. The primary objective of this event is to raise funds and generate public awareness for the Barnstable Brown Diabetes Center at the University of Kentucky, situated in Lexington, Kentucky. This center focuses on diabetes research and treatment. The Derby Party, which serves as a celebrity fundraiser, contributes to these efforts, ultimately aiming to enhance the center's capabilities and make a positive impact on diabetes patients.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Stars)
Diamond Derby Inc Barnstable Brown Party has a moderate rating of 65%, indicating that there are significant areas for improvement in their accountability and financial practices. The organization lacks independent board members, and there are several critical policies and financial documents missing, which raises concerns about governance and transparency.
Despite these weaknesses, the organization shows a strong commitment to its programs, indicated by a program expense ratio of 100%. This suggests that all of its expenses are directed towards its mission-related activities rather than administrative or fundraising costs. Additionally, the organization maintains a solid working capital ratio, which may reflect good financial health in terms of liquidity.
However, the absence of essential governance documents, such as a conflict of interest policy and board meeting minutes, highlights potential risks in leadership oversight. The lack of publicly available financial statements further detracts from the overall transparency of the organization, leading to questions about its operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Diamond Derby Inc Barnstable Brown Party legitimate?
Diamond Derby Inc Barnstable Brown Party is a legitimate nonprofit organization registered as a 501(c)(3) entity. Diamond Derby Inc Barnstable Brown Party 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
For more financial information, click here
What is the mission statement of Diamond Derby Inc Barnstable Brown Party?
The mission of Diamond Derby Inc's Barnstable Brown Party is primarily focused on fundraising and raising public awareness for the Barnstable Brown Diabetes Center at the University of Kentucky. Through their annual Derby party, they aim to contribute significantly to the center's efforts. The event serves as a platform to collect substantial funds that directly support the center's research and services, contributing to the broader mission of combating diabetes.
Who is the CEO of Diamond Derby Inc Barnstable Brown Party?
Patricia Barnstable Brown is the President & Ceo of Diamond Derby Inc Barnstable Brown Party. The CEO's salary of Diamond Derby Inc Barnstable Brown Party is $0 and their total compensation is $0.
What is the revenue of Diamond Derby Inc Barnstable Brown Party?
Diamond Derby Inc Barnstable Brown Party's revenue in 2023 was $2,375,598.
Who are the executives of Diamond Derby Inc Barnstable Brown Party and what are their salaries?
Here are 4 key members and their salaries (Diamond Derby Inc Barnstable Brown Party's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Diamond Derby Inc Barnstable Brown Party?
Diamond Derby Inc Barnstable Brown Party's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Diamond Derby Inc Barnstable Brown Party
Diamond Derby Inc. Barnstable Brown Party is a celebrity-driven fundraiser commitment to supporting the Barnstable Brown Diabetes Center at the University of Kentucky in Lexington, Kentucky. Their primary mission is twofold: to gather funds and boost public awareness for this vital diabetes research center. By hosting their Derby Party, Diamond Derby Inc. Barnstable Brown Party contributes to the ongoing efforts to combat diabetes and its related health issues.
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Impact
July, 2024
Diamond Derby Inc Barnstable Brown Party's impact is significant in raising funds and public awareness for the Barnstable Brown Diabetes Center at the University of Kentucky in Lexington, Kentucky. The organization's Derby party serves as a celebrity fundraiser event to support the important work of the diabetes center. By bringing attention to the cause and raising funds through this high-profile event in Louisville, Kentucky, Diamond Derby Inc contributes to advancing research, treatment, and support for individuals affected by diabetes.
This information is meant to be a general summary of Diamond Derby Inc Barnstable Brown Party. 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: $6,547
- Gross Receipts: $2,375,598
Assets and Liabilities:
- Total Assets: $2,168,037
- Total Liabilities: $0
- Net Assets: $2,168,037
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Organization Details
Phone
(502) 452-9535Principal Officer
Patricia Barnstable Brown
Main Address
1700 SPRING DRIVE, LOUISVILLE, KY, 40205
NTEE Category
Code: G30 - Disease
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