Overview
What is Golf Charitable Foundation Of Greater Des Moines?
The Golf Charitable Foundation of Greater Des Moines is a nonprofit organization that serves as the hosting charity for the annual Principal Charity Classic golf event in Des Moines, Iowa. Their primary objective is to raise funds for local charities primarily through donations, sponsorships, and ticket sales. Since its inception, the foundation has generated substantial revenue and income through these sources. In Fiscal Year 2022, they increased revenue by $211,670 and net ordinary income by $353,610. The funds raised are distributed through two main programs: Birdies for Charity and Tournament Charity Partners. The foundation's efforts contribute to the economic vitality and quality of life in Central Iowa by raising awareness for selected charitable institutions and providing access to the cultural benefits of professional-level golf activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
The Golf Charitable Foundation of Greater Des Moines holds a two-star rating from Charity Navigator, indicating a moderate level of accountability and financial health. Their high marks in governance are notable, with a fully independent board and strong policies in place regarding conflicts of interest and whistleblowing. Additionally, the organization has demonstrated effective program spending with a program expense ratio of 90.13%, reflecting a commitment to its charitable mission.
However, the foundation's financial management shows weaknesses, particularly in its working capital ratio, which stands at only 0.08 years, suggesting potential liquidity issues. The audit score is also relatively low, which may raise concerns about financial transparency. Despite these challenges, the foundation's fundraising efficiency remains strong, reflecting an ability to raise funds effectively with minimal cost.
Overall, while the Golf Charitable Foundation of Greater Des Moines exhibits solid governance and program expenditure practices, potential donors should be mindful of its financial health and liquidity concerns when considering their support.
This AI summary has been generated from information found on Charity Navigator.
Is Golf Charitable Foundation Of Greater Des Moines legitimate?
Golf Charitable Foundation Of Greater Des Moines is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golf Charitable Foundation Of Greater Des Moines 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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What is the mission statement of Golf Charitable Foundation Of Greater Des Moines?
The Golf Charitable Foundation of Greater Des Moines serves as the hosting charity for annual golf events, specifically the Principal Charity Classic. Its primary mission is to support the Community Foundation of Greater Des Moines and act as the host organization for charity golf tournaments in the area. Through these events, the foundation raises funds for local charities, contributing significantly to their financial resources. The Principal Charity Classic tournament, held annually, aims to enhance awareness of the selected charitable institutions and provide access to cultural benefits of professional-level golf activities. The tournament generates substantial revenue through donations, sponsorships, and ticket sales, which are then distributed to charities via two main programs: Birdies for Charity and Tournament Charity Partners. In fiscal year 2022, the foundation increased revenue by $211,670 and net ordinary income by $353,610.
Who is the CEO of Golf Charitable Foundation Of Greater Des Moines?
Ken Mccullum is the Chair And Director of Golf Charitable Foundation Of Greater Des Moines.
What is the revenue of Golf Charitable Foundation Of Greater Des Moines?
Golf Charitable Foundation Of Greater Des Moines's revenue in 2022 was $13,955,804.
Who are the executives of Golf Charitable Foundation Of Greater Des Moines and what are their salaries?
There 1055 volunteers at Golf Charitable Foundation Of Greater Des Moines.
Here are 19 key members and their salaries:
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Where can I find the form 990 for Golf Charitable Foundation Of Greater Des Moines?
Golf Charitable Foundation Of Greater Des Moines's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Golf Charitable Foundation Of Greater Des Moines
The Golf Charitable Foundation of Greater Des Moines serves as the hosting charity for the annual Principal Charity Classic golf event. In this role, the organization supports the Community Foundation of Greater Des Moines and acts as the charitable host for one or more golf tournaments in the area.
The foundation's primary mission is to raise funds for Iowa charities. This objective is accomplished through donations, sponsorships, and ticket sales during the Principal Charity Classic tournament. By contributing to the economic vitality of Central Iowa, the tournament heightens awareness of selected charitable institutions and offers access to the cultural benefits of professional-level golf activities.
Each year, the Golf Charitable Foundation of Greater Des Moines distributes the raised funds through two main programs: Birdies for Charity and Tournament Charity Partners. In fiscal year 2022, the foundation saw a significant increase in revenue of $211,670 and a net ordinary income increase of $353,610. These funds are vital in making a difference in the lives of many Iowans by providing essential resources to various charitable organizations.
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Impact
October, 2024
The Golf Charitable Foundation of Greater Des Moines plays a crucial role in enhancing the economic vitality and quality of life in Central Iowa through its annual Principal Charity Classic golf event. By hosting this tournament, the foundation raises significant funds that support a variety of Iowa charities, primarily through donations and sponsorships.
The Principal Charity Classic is designed not only to generate revenue but also to increase awareness of vital charitable institutions in the region. Through initiatives like Birdies for Charity and partnerships with tournament charity partners, the funds collected are strategically distributed to local organizations, directly benefiting the community.
In fiscal year 2022, the event saw an impressive increase in revenue and net ordinary income, demonstrating its effectiveness in mobilizing resources for charity. By providing access to professional-level golf activities, the foundation fosters community engagement and highlights the importance of philanthropy in improving local lives. Overall, the foundation's impact is marked by its commitment to ensuring that the proceeds from this renowned golf event translate into tangible benefits for the greater Des Moines community.
This information is meant to be a general summary of Golf Charitable Foundation Of Greater Des Moines. 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: -$49,702
- Program Service Revenue: $7,022,729
- Gross Receipts: $14,005,506
Assets and Liabilities:
- Total Assets: $1,974,418
- Total Liabilities: $1,028,268
- Net Assets: $946,150
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRINCIPAL CHARITY CLASSIC TOURNAM
Revenue
$7,022,729
Organization Details
Founding Year
2015
Phone
(515) 279-4653Principal Officer
Ken Mccullum
Main Address
PO BOX 93905, DES MOINES, IA, 503933905
NTEE Category
Code: T19 - Philanthropy
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