Overview
What is 300Sl Foundation?
The 300Sl Foundation, based in Fox Island, Washington, is a nonprofit organization that specializes in organizing the 300SL Classic. This is a four-day, 1000-mile road rally event, serving as a fundraising initiative. By participating in this event, the foundation seeks to raise funds to support various charitable causes. The foundation's mission is deeply rooted in community engagement and philanthropy, aiming to make a positive impact through its unique road rally.
Official website here: www.300slclassic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The 300Sl Foundation has received a low rating of 53%, reflecting significant concerns regarding its governance and accountability. The organization lacks independent board members, which raises questions about its oversight and decision-making processes. Additionally, there are several missing policies, including conflict of interest and whistleblower policies, which are critical for maintaining transparency and ethical standards.
On a more positive note, the foundation has shown commendable financial efficiency, with a high program expense ratio of 97.32%. This indicates that the majority of its expenditures are directed toward its core mission rather than administrative costs. Furthermore, the foundation has no reported material diversion of assets, suggesting a commitment to financial integrity.
However, the absence of crucial governance structures and policies could hinder the foundation's credibility and effectiveness in the long run. Stakeholders may want to consider these factors when evaluating the organization's overall impact and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is 300Sl Foundation legitimate?
300Sl Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 300Sl 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: $0
For more financial information, click here
Official website here: www.300slclassic.org
What is the mission statement of 300Sl Foundation?
The 300Sl Foundation's mission is centered around organizing the 300SL Classic, a four-day road rally. The primary objective of this event is to raise funds, which are then donated to various worthy charities. By participating in this annual event, the foundation aims to contribute positively to various causes, ultimately making a difference in people's lives. The 300SL Classic road rally serves as a significant fundraising platform for the foundation, demonstrating its commitment to charitable giving.
Official website here: www.300slclassic.org
Who is the CEO of 300Sl Foundation?
John Willott is the President of 300Sl Foundation.
Official website here: www.300slclassic.org
What is the revenue of 300Sl Foundation?
300Sl Foundation's revenue in 2022 was $622,398.
Official website here: www.300slclassic.org
Who are the executives of 300Sl Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.300slclassic.org
Where can I find the form 990 for 300Sl Foundation?
300Sl Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.300slclassic.org
Learn more at the official website: www.300slclassic.org
Mission Statement of 300Sl Foundation
The 300Sl Foundation is dedicated to a notable mission. They organize the 300SL Classic, a four-day road rally, serving as a fundraising platform. Their primary objective is to gather funds, which they then donate to deserving charities. This event, spanning over 1000 miles, is a testament to their commitment to giving back to the community in a unique and engaging way.
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Impact
July, 2024
The 300SL Foundation's impact is evident through its Road Rally Fundraiser, the 300SL Classic. By organizing this 4-day, 1000-mile road rally, the foundation successfully raises funds to donate to worthy charities. Through this event, the foundation showcases its commitment to philanthropy and actively supports various charitable causes.
This information is meant to be a general summary of 300Sl 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.
- Program Service Revenue: $403,613
- Gross Receipts: $622,398
Assets and Liabilities:
- Total Assets: $175,326
- Total Liabilities: $185
- Net Assets: $175,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
2022 Rally
Revenue
$403,613
Organization Details
Founding Year
2018
Phone
(253) 509-0456Principal Officer
John Willott
Main Address
PO Box 196, Fox Island, WA, 98333
Website
www.300slclassic.orgNTEE Category
Code: T12 - Philanthropy
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