Overview
What is Congaree Foundation?
The Congaree Foundation, situated in Houston, Texas, is a nonprofit organization committed to making a positive impact on the lives of young people both locally and internationally. They accomplish this by offering educational and vocational opportunities through the game of golf. Their flagship initiative, the Congaree Global Golf Initiative, supports academically driven and talented young golfers with limited financial means, extending their access to post-secondary education and athletic scholarships. The Foundation collaborates with community nonprofits and local golf organizations to provide golf instruction, workforce training opportunities, and support programs to youth and families in the South Carolina Lowcountry. In essence, the Congaree Foundation's mission is to promote education, alleviate poverty, and provide assistance to disadvantaged young people.
Official website here: www.congareefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating
The Congaree Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization has a commendable program expense ratio of 80.58%, showcasing a significant portion of its resources directed toward its mission, it struggles with board independence and transparency. The board consists of only 33% independent members, and critical governance documents such as a whistleblower policy and a document retention plan are missing.
Despite these shortcomings, the foundation demonstrates financial stability with a low liabilities to assets ratio of 2.27% and a robust working capital ratio of 13.78 years. Additionally, it has no reported material diversions of assets and maintains good practices in terms of tax form distribution and board meeting documentation. However, fundraising efficiency is notably poor, with a ratio of $0.002, suggesting that the organization may need to reassess its fundraising strategies to enhance overall operational effectiveness.
In summary, while the Congaree Foundation shows strengths in program focus and financial health, the lack of independent oversight and essential governance policies could hinder its credibility and long-term sustainability. Addressing these issues could improve its overall rating and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Congaree Foundation legitimate?
Congaree Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Congaree 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: $93,459
For more financial information, click here
Official website here: www.congareefoundation.org
What is the mission statement of Congaree Foundation?
The Congaree Foundation's mission is centered around promoting education, alleviating poverty, and offering assistance to disadvantaged young individuals. To accomplish this, the foundation undertakes various activities. One of its key initiatives is the Congaree Global Golf Initiative, which aims to help academically gifted and financially challenged young golfers by expanding their educational and athletic scholarship opportunities. The foundation collaborates with local nonprofits and golf organizations to provide golf instruction, workforce training opportunities, and support programs for young people and families in the South Carolina Lowcountry.
Official website here: www.congareefoundation.org
Who is the CEO of Congaree Foundation?
Marcus A Watts is the President & Director of Congaree Foundation.
Official website here: www.congareefoundation.org
What is the revenue of Congaree Foundation?
Congaree Foundation's revenue in 2022 was $3,385,771.
Official website here: www.congareefoundation.org
Who are the executives of Congaree Foundation and what are their salaries?
The average compensation at Congaree Foundation during 2022 was $7,788. There are 12 employees and 5 volunteers at Congaree Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $150,001
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $150,001
- Other: $0
- Compensation: $0
- Related: $83,147
- Other: $0
- Compensation: $0
- Related: $150,001
- Other: $0
- Compensation: $0
- Related: $150,001
- Other: $0
Official website here: www.congareefoundation.org
Where can I find the form 990 for Congaree Foundation?
Congaree Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.congareefoundation.org
Learn more at the official website: www.congareefoundation.org
Mission Statement of Congaree Foundation
The Congaree Foundation, a dedicated nonprofit organization, is committed to making a significant impact in the lives of young individuals, both locally and globally. Its primary objective is to foster education, alleviate poverty, and offer assistance to disadvantaged youth. To achieve this mission, the Congaree Foundation undertakes various activities.
One of the ways the Congaree Foundation accomplishes its mission is by hosting the Congaree Global Golf Initiative. This program is designed to support academically gifted and talented young golfers who face financial constraints, providing them with opportunities to further their education and secure athletic scholarships. By partnering with community nonprofits and local golf organizations, the Foundation offers golf instruction, workforce training opportunities, and support programs to young people and their families in the South Carolina Lowcountry.
In essence, the Congaree Foundation seeks to empower disadvantaged youth through education and vocational training, utilizing the game of golf as a means to open up new possibilities and provide access to valuable resources. By doing so, the Foundation aims to help these young individuals overcome their challenges and build brighter futures for themselves.
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Impact
July, 2024
The Congaree Foundation aims to positively impact the lives of young people, locally and globally, by providing educational and vocational opportunities through the game of golf. Through initiatives like the Congaree Global Golf Initiative, the foundation helps academically committed and talented young golfers with limited resources expand their options for post-secondary education and athletic scholarships. By partnering with community nonprofits and local golf organizations, the foundation offers golf instruction, workforce training opportunities, and support programs to young people and families in the South Carolina Lowcountry.
This information is meant to be a general summary of Congaree 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 2022.
- Investment Income: $87,863
- Program Service Revenue: $194,705
- Gross Receipts: $3,631,013
Assets and Liabilities:
- Total Assets: $13,383,355
- Total Liabilities: $413,813
- Net Assets: $12,969,542
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership fees
Revenue
$131,408
Tournament & others
Revenue
$63,297
Organization Details
Founding Year
2016
Phone
(713) 580-3200Principal Officer
Marcus A Watts
Main Address
1375 Enclave Parkway, Houston, TX, 77077
Website
www.congareefoundation.orgNTEE Category
Code: O50 - Youth development
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