Overview
What is The Huntsville Margarita Society?
The Huntsville Margarita Society is a charitable organization situated in Huntsville, Alabama, specifically at 400 Meridian Street Suite 201. Their primary activity is an annual fundraising event, which involves each guest contributing a toy as an entry fee. This toy collection serves as a means to grant access to the function and ultimately benefits the organization "Toys for Tots." The donated toys are then distributed to children in need, demonstrating the society's commitment to giving back to the community.
Official website here: www.huntsvillemargaritaball.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Huntsville Margarita Society has achieved an overall score of 83%, which reflects a strong emphasis on accountability and finance. The charity has a perfect score for the composition and independence of its board, indicating effective governance. Additionally, it demonstrates a high program expense ratio of 97.78%, suggesting that it allocates a significant portion of its funds directly to its programs.
However, the organization has areas for improvement, particularly regarding its policies and documentation practices. Notably, it lacks a whistleblower policy and a document retention and destruction policy, both of which are critical for ensuring transparency and accountability. Furthermore, the absence of its tax form on its nonprofit website may hinder public access to important financial information.
Overall, while The Huntsville Margarita Society demonstrates a solid financial foundation and strong governance, addressing the noted policy gaps would enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Huntsville Margarita Society legitimate?
The Huntsville Margarita Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Huntsville Margarita Society 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.
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Official website here: www.huntsvillemargaritaball.com
What is the mission statement of The Huntsville Margarita Society?
The Huntsville Margarita Society conducts an annual fundraising event as its mission. During this event, each guest is required to bring a toy as an entry fee. These collected toys are subsequently donated to Toys for Tots, thereby contributing to the well-being and happiness of less fortunate children. The society's primary objective through this annual fundraising program is to make a difference in children's lives while also offering an enjoyable margarita-themed event for its members.
Official website here: www.huntsvillemargaritaball.com
Who is the CEO of The Huntsville Margarita Society?
Bill Chapman is the Director of The Huntsville Margarita Society.
Official website here: www.huntsvillemargaritaball.com
What is the revenue of The Huntsville Margarita Society?
The Huntsville Margarita Society's revenue in 2022 was $64,887.
Official website here: www.huntsvillemargaritaball.com
Who are the executives of The Huntsville Margarita Society and what are their salaries?
Here are 32 key members and their salaries:
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Official website here: www.huntsvillemargaritaball.com
Where can I find the form 990 for The Huntsville Margarita Society?
The Huntsville Margarita Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.huntsvillemargaritaball.com
Learn more at the official website: www.huntsvillemargaritaball.com
Mission Statement of The Huntsville Margarita Society
The Huntsville Margarita Society, a notable entity, organizes an annual fundraising program as its mission. This event encourages each participant to bring a toy as a prerequisite for entry, thereby serving as a generous donation for the esteemed organization, Toys for Tots. Upon amassing these gifts, the society graciously donates them to this renowned charity, bringing joy and cheer to numerous underprivileged children during the holiday season.
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Impact
August, 2024
The Huntsville Margarita Society's impact is significant in providing joy and support to underprivileged children through its annual fundraising program. By requiring each guest to bring a toy for a child in need in order to attend the event, the society not only promotes generosity and community involvement but also ensures that these toys are donated to Toys for Tots. This direct contribution to the well-being and happiness of disadvantaged children reflects the society's commitment to making a positive difference in the lives of those in need.
This information is meant to be a general summary of The Huntsville Margarita Society. 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.
- Gross Receipts: $427,982
Assets and Liabilities:
- Total Assets: $50,273
- Total Liabilities: $0
- Net Assets: $50,273
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Organization Details
Founding Year
1997
Phone
(256) 539-8002Principal Officer
Bill Chapman
Main Address
400 MERIDIAN STREET SUITE 201, HUNTSVILLE, AL, 35801
NTEE Category
Code: P58 - Human services
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