Overview
What is Stone Harbor Triathlon Charities Inc?
Stone Harbor Triathlon Charities Inc is a nonprofit organization based in Haddonfield, New Jersey. Their primary mission is to raise funds through an annual triathlon event, where athletes participate and pay entry fees. The charity utilizes these funds in two ways: firstly, they contribute to various other charitable entities, and secondly, they allocate funds to provide scholarships for chosen recipients. Besides these activities, the charity also contributes to the local community by donating to the local fire and rescue squad. The charity's events and contributions aim to contribute positively to the community and support individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Stone Harbor Triathlon Charities Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial stability. With an overall score of 80%, the organization demonstrates effective management practices, highlighted by its 100% independent board members and a favorable liability to assets ratio of 0.00%, showcasing a healthy financial position.
The charity excels in its program expense ratio, with an impressive 97.39%, indicating that a significant portion of its resources is directed towards its charitable activities. This commitment to program spending suggests that the organization is effectively fulfilling its mission and benefiting its stakeholders.
While the charity shows strong performance in various accountability metrics, continuous monitoring of its practices is essential to ensure sustained effectiveness and transparency in operations. Overall, Stone Harbor Triathlon Charities Inc appears to be a well-managed organization with a focus on maximizing its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Stone Harbor Triathlon Charities Inc legitimate?
Stone Harbor Triathlon Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stone Harbor Triathlon Charities 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: $9,180
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Stone Harbor Triathlon Charities Inc?
Stone Harbor Triathlon Charities Inc's primary mission revolves around organizing an annual triathlon event. This activity serves two purposes: it raises funds through entry fees, and these funds are then utilized in two ways. A portion of the funds is allocated to support other charitable organizations, while the remaining portion is set aside to grant scholarships to selected recipients. The charity's philanthropic efforts also extend to making a donation to the local fire and rescue squad.
Who is the CEO of Stone Harbor Triathlon Charities Inc?
Robert T Hicks is the President of Stone Harbor Triathlon Charities Inc.
What is the revenue of Stone Harbor Triathlon Charities Inc?
Stone Harbor Triathlon Charities Inc's revenue in 2022 was $49,556.
Who are the executives of Stone Harbor Triathlon Charities Inc and what are their salaries?
There 10 volunteers at Stone Harbor Triathlon Charities Inc.
Here are 3 key members and their salaries:
- Compensation: $8,680
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
Where can I find the form 990 for Stone Harbor Triathlon Charities Inc?
Stone Harbor Triathlon Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stone Harbor Triathlon Charities Inc
Stone Harbor Triathlon Charities Inc, as the name suggests, is primarily known for organizing an annual triathlon event. This competition serves as a significant fundraising opportunity for the charity, with athletes participating and paying entry fees. The funds raised through this event are then utilized in two primary ways. Firstly, a portion of the proceeds is allocated to support other charitable entities. Secondly, the charity uses the funds to grant scholarships to selected individuals. Additionally, the charity has shown its commitment to the community by donating a portion of the funds to the local fire and rescue squad.
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Impact
August, 2024
Stone Harbor Triathlon Charities Inc's impact can be seen in the support it provides to local communities through its annual triathlon event. By organizing this event, the charity not only promotes physical fitness and athletic competition but also raises funds that are used to benefit various charitable causes. This includes providing scholarships to deserving individuals and making donations to important community organizations such as the local fire and rescue squad. Through its efforts, Stone Harbor Triathlon Charities Inc is able to make a positive difference in the lives of many individuals and contribute to the well-being of the community.
This information is meant to be a general summary of Stone Harbor Triathlon Charities 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.
- Program Service Revenue: $46,526
- Gross Receipts: $49,556
Assets and Liabilities:
- Total Assets: $25,392
- Total Liabilities: $0
- Net Assets: $25,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRIATHLON ENTRY FEES
Revenue
$45,748
TRIATHLON SWIM CLINIC
Revenue
$778
Organization Details
Founding Year
2017
Principal Officer
Robert T Hicks
Main Address
PO BOX 614, HADDONFIELD, NJ, 08033
NTEE Category
Code: N12 - Recreation
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