Overview
What is Charitable Events Corporation?
Charitable Events Corporation is a nonprofit organization that focuses on raising funds and providing support to other charitable, educational, religious, or scientific organizations, all of which are recognized under IRC Section 501c(3). Their primary mission involves benefiting these selected nonprofits through various means, as demonstrated by their Charity Cup Invitational program. The corporation serves as a vital partner, contributing financially and in other ways to advance the objectives and goals of these organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Star rating)
Charitable Events Corporation has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises governance issues and points to a lack of oversight. Additionally, several essential policies, such as conflict of interest and whistleblower protections, are missing, which could jeopardize ethical operations and transparency.
On a positive note, the charity demonstrates a strong commitment to its program expenses, with a program expense ratio of 99.45%, suggesting that nearly all funds are directed towards its mission-related activities. This is a noteworthy strength in terms of program efficiency, indicating that the organization is focused on delivering its services effectively. Furthermore, the organization has no reported material diversion of assets, reflecting a reliable management of funds.
However, the absence of a website listed on its tax form and missing documentation such as the tax form on its website raises concerns about transparency and accessibility of information for donors and stakeholders. Overall, while the organization excels in directing funds towards its programs, its governance and accountability practices require significant improvement to build trust and credibility with the public.
This AI summary has been generated from information found on Charity Navigator.
Is Charitable Events Corporation legitimate?
Charitable Events Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charitable Events Corporation 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: $0
For more financial information, click here
What is the mission statement of Charitable Events Corporation?
Charitable Events Corporation is dedicated to supporting selected non-profit organizations that operate for charitable, educational, religious, or scientific purposes. They achieve this mission by raising funds and providing benefits to these organizations, which are recognized as being organized under IRC Section 501c(3). Their activities extend beyond fundraising, as exemplified by their Charity Cup Invitational program. In essence, Charitable Events Corporation serves as a catalyst for the advancement of these chosen non-profits, contributing to their causes and furthering their missions.
Who is the CEO of Charitable Events Corporation?
Jim Douglas is the Wilkey of Charitable Events Corporation.
What is the revenue of Charitable Events Corporation?
Charitable Events Corporation's revenue in 2022 was $490,523.
Who are the executives of Charitable Events Corporation and what are their salaries?
There 5 volunteers at Charitable Events Corporation.
There is 1 key member and their salary:
- Compensation: $20,000
- Related: $0
- Other: $0
Where can I find the form 990 for Charitable Events Corporation?
Charitable Events Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Charitable Events Corporation
Charitable Events Corporation, a dynamic organization, is dedicated to raising funds and providing support to a variety of non-profit entities. These organizations are primarily focused on serving charitable, educational, religious, or scientific purposes and are legally recognized under IRC Section 501c(3). The corporation's mission is to contribute to the success and sustainability of these non-profits by leveraging its fundraising abilities and resources. One of the ways Charitable Events Corporation accomplishes this is through its Charity Cup Invitational program. This event serves as a platform for raising significant funds that directly benefit the selected non-profit organizations, thereby contributing to their ability to carry out their noble missions. Overall, Charitable Events Corporation plays a crucial role in the non-profit sector, helping to amplify the impact of these organizations by providing essential financial support.
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Impact
July, 2024
Charitable Events Corporation's impact is significant in fundraising for and benefiting selected non-profit corporations or organizations that operate exclusively for charitable, educational, religious, or scientific purposes and are organized under IRC Section 501c(3). Their programs, such as the Charity Cup Invitational, help raise funds that support these organizations in their missions. Based in Cedar City, UT, Charitable Events Corporation plays a crucial role in promoting philanthropy and supporting various causes that benefit the community and beyond.
This information is meant to be a general summary of Charitable Events Corporation. 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.
- Program Service Revenue: $490,523
- Gross Receipts: $490,523
Assets and Liabilities:
- Total Assets: $76,660
- Total Liabilities: $255
- Net Assets: $76,405
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Charity Cup Invitational
Revenue
$490,523
Organization Details
Founding Year
2016
Phone
(435) 865-2903Principal Officer
Jim Douglas
Main Address
PO Box 1027, Cedar City, UT, 84721
NTEE Category
Code: T12 - Philanthropy
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