Overview
What is Big Sur Marathon Foundation Inc?
Big Sur Marathon Foundation Inc, based in Carmel, California, is a nonprofit organization that specializes in organizing running events. Their primary mission is to create aesthetically pleasing races that promote health and contribute positively to their local community. The foundation hosts three significant events annually: a marathon in April with approximately 9,813 participants, a half marathon in November attracting around 8,002 runners, and Palo Corona Cross Country meets coordinated with schools, involving approximately 3,000 participants. The organization operates with a dedicated team of six employees.
Official website here: www.bsim.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
The Big Sur Marathon Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial management. The organization scores particularly well in several areas, including having a fully independent board and a strong program expense ratio, indicating that a significant portion of its budget is directed towards its programs.
However, the foundation has some limitations, notably the absence of a whistleblower policy and document retention and destruction policies, which are essential for governance and accountability. Additionally, while their liabilities to assets ratio is decent, it could be improved, as it currently stands at 64.47%, indicating some level of financial risk.
Overall, the Big Sur Marathon Foundation demonstrates a commitment to transparency and effective use of funds but has room for enhancements in its governance practices. This rating suggests it is a reliable organization for potential donors looking to contribute to a cause associated with the marathon events it supports.
This AI summary has been generated from information found on Charity Navigator.
Is Big Sur Marathon Foundation Inc legitimate?
Big Sur Marathon Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Sur Marathon Foundation 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: $253,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,641
For more financial information, click here
Official website here: www.bsim.org
What is the mission statement of Big Sur Marathon Foundation Inc?
The Big Sur Marathon Foundation Inc's mission is centered around organizing running events that foster health and positively impact the community. Their primary goal is to create captivating running events that serve this purpose. Their activities include hosting a marathon event in April with approximately 9,813 participants, a half marathon event in November involving around 8,000 runners, and coordinating Palo Corona Cross Country meets with schools, engaging around 3,000 participants.
Official website here: www.bsim.org
Who is the CEO of Big Sur Marathon Foundation Inc?
Josh Priester is the Executive Director of Big Sur Marathon Foundation Inc.
Official website here: www.bsim.org
What is the revenue of Big Sur Marathon Foundation Inc?
Big Sur Marathon Foundation Inc's revenue in 2022 was $4,209,357.
Official website here: www.bsim.org
Who are the executives of Big Sur Marathon Foundation Inc and what are their salaries?
The average compensation at Big Sur Marathon Foundation Inc during 2022 was $51,414. There are 6 employees and 2500 volunteers at Big Sur Marathon Foundation Inc.
Here are 19 key members and their salaries:
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- Other: $176
Official website here: www.bsim.org
Where can I find the form 990 for Big Sur Marathon Foundation Inc?
Big Sur Marathon Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bsim.org
Learn more at the official website: www.bsim.org
Mission Statement of Big Sur Marathon Foundation Inc
The Big Sur Marathon Foundation Inc is dedicated to crafting captivating running events that foster health and contribute positively to their community. Their primary objective is to organize such events, which not only attract participation but also serve to enhance overall well-being. This nonprofit organization hosts several notable events annually, including a marathon in April with approximately 9,813 participants, a half marathon in November, drawing in around 8,002 runners, and Palo Corona Cross Country meets coordinated with schools, engaging approximately 3,000 participants. These events provide an opportunity for individuals to engage in physical activity, promoting health and fostering a sense of community.
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Impact
July, 2024
Big Sur Marathon Foundation Inc's impact lies in creating beautiful running events that promote health and benefit the community. By organizing events such as the Big Sur Marathon in April with 9,813 participants, the Half Marathon event in November with 8,002 participants, and coordinating Palo Corona Cross Country meets with schools involving 3,000 participants, the foundation not only promotes physical wellness but also fosters a sense of community engagement and support. Through their efforts, they encourage individuals to pursue an active lifestyle while contributing positively to the community they serve.
This information is meant to be a general summary of Big Sur Marathon Foundation 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: $32,224
- Program Service Revenue: $3,334,225
- Gross Receipts: $4,246,160
Assets and Liabilities:
- Total Assets: $4,204,005
- Total Liabilities: $2,710,630
- Net Assets: $1,493,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACE ENTRY FEES
Revenue
$3,096,770
RACE OTHER INCOME
Revenue
$237,455
Organization Details
Founding Year
1986
Phone
(831) 625-6226Principal Officer
Josh Priester
Main Address
PO BOX 222620, CARMEL, CA, 93922
Website
www.bsim.orgNTEE Category
Code: N70 - Recreation
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