Overview
What is Century Club Charities Inc?
Century Club Charities Inc, a Mississippi-based not-for-profit corporation, is primarily known for conducting a PGA Tour-sanctioned professional golf tournament. Their mission extends beyond the game, as they aim to contribute to the social welfare of Mississippi. An essential aspect of their work involves making annual financial contributions to other 501(c)(3) organizations. With a small team of eight employees, they strive to make a significant impact through charitable giving.
Official website here: www.centuryclubcharities.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning a Two-Star out of Four Star rating.
Century Club Charities Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. While the organization boasts a fully independent board, it has significant shortcomings in transparency, particularly in financial reporting and missing policies related to conflict of interest, whistleblower protections, and document retention.
Despite these limitations, the charity demonstrates a strong commitment to its programs, with a program expense ratio of 97.73%, which suggests that almost all of its expenses are directed toward its mission. However, the lack of publicly available financial statements raises questions about its financial health and operational transparency. Addressing these gaps would enhance the organization's credibility and trustworthiness among potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Century Club Charities Inc legitimate?
Century Club Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Century Club 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: $484,637
For more financial information, click here
Official website here: www.centuryclubcharities.com
What is the mission statement of Century Club Charities Inc?
Century Club Charities Inc is a not-for-profit organization that carries out a primary purpose of hosting a PGA Tour sanctioned professional golf tournament. This event aims to promote social welfare in Mississippi and annually contributes financially to other qualifying 501(C)(3) organizations. The organization's mission is centered around conducting this golf tournament and making donations to eligible charities.
Official website here: www.centuryclubcharities.com
What is the revenue of Century Club Charities Inc?
Century Club Charities Inc's revenue in 2023 was $12,611,754.
Official website here: www.centuryclubcharities.com
Who are the executives of Century Club Charities Inc and what are their salaries?
The average compensation at Century Club Charities Inc during 2023 was $60,580. There are 8 employees and 800 volunteers at Century Club Charities Inc.
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Official website here: www.centuryclubcharities.com
Where can I find the form 990 for Century Club Charities Inc?
Century Club Charities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.centuryclubcharities.com
Learn more at the official website: www.centuryclubcharities.com
Mission Statement of Century Club Charities Inc
Century Club Charities Inc, a not-for-profit corporation, is dedicated to making a difference in Mississippi through the conduction of a PGA Tour-sanctioned professional golf tournament. This event serves as a platform to promote social welfare in the state and contribute financially to various other 501(C)(3) organizations each year. The primary goal of Century Club Charities Inc is to use the power of golf to bring about positive change in the community.
The organization's mission is twofold. First, it focuses on organizing a professional golf tournament that attracts athletes from around the world. This tournament not only showcases Mississippi's beauty and hospitality but also brings attention to important social issues. Second, Century Club Charities Inc channels the tournament's proceeds towards supporting other charitable organizations. By making annual financial contributions, it helps these organizations continue their vital work and expand their reach.
Century Club Charities Inc's commitment to giving back sets it apart. It serves as a catalyst for change, investing in the future of Mississippi and its people. The organization's dedication to this cause is unwavering, and its impact is felt far and wide. Through its golf tournament and charitable donations, Century Club Charities Inc remains a beacon of hope and opportunity in the community.
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Impact
October, 2024
Century Club Charities Inc significantly impacts the community by conducting a PGA Tour-sanctioned professional golf tournament that elevates social welfare initiatives in Mississippi. Through this prestigious event, the organization generates annual financial contributions to local 501(c)(3) organizations, directly supporting various charitable causes within the region. This commitment not only enhances recreational opportunities but also fosters community development, ensuring that funds are allocated to initiatives that benefit local residents and promote overall well-being. By engaging with both the golf community and local beneficiaries, Century Club Charities Inc plays a pivotal role in fostering goodwill and social responsibility in Mississippi.
This information is meant to be a general summary of Century Club 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: $133,999
- Program Service Revenue: $12,390,192
- Gross Receipts: $12,611,754
Assets and Liabilities:
- Total Assets: $9,741,266
- Total Liabilities: $5,809,408
- Net Assets: $3,931,858
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$9,419,190
HOSPITALITY
Revenue
$1,354,338
MEMBERSHIP DUES
Revenue
$446,923
PGA TOUR
Revenue
$280,000
TICKET SALES
Revenue
$121,176
Organization Details
Founding Year
1997
Principal Officer
Phillip Carpenter
Website
www.centuryclubcharities.comNTEE Category
Code: N6AJ - Recreation
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