Overview
What is Skyway Bridge Run Inc?
Skyway Bridge Run Inc is a nonprofit organization situated in Clearwater, Florida, specifically at 520 D Street Unit C. Their primary mission is to honor and support the United States armed forces and their families, recognizing their sacrifices. They achieve this by organizing an annual event, the Skyway 10K Run, which takes place over the Sunshine Skyway Bridge in St. Petersburg, Florida. This race offers a unique experience for runners and walkers of all levels, with the iconic bridge serving as the breathtaking backdrop for the 6.2-mile course. The proceeds from the race are donated to the Armed Forces Families Foundation, Inc., a related organization exempt from tax under Section 501(C)(3). This foundation utilizes the funds to support military families, particularly in areas of significant need that often fall outside the tight budget constraints of the military and its family support organizations. The organization's focus is on keeping the donations local, ensuring that contributors can witness the direct impact of their contributions within their communities.
Official website here: www.skyway10k.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47% (Zero-Star out of Four Stars)
Skyway Bridge Run Inc has received a low rating of 47%, which is indicative of several significant issues regarding its accountability and financial practices. The organization has achieved a perfect score for having an independent board, but it struggles in other areas such as financial reporting and essential governance policies. The lack of financial statements and missing conflict of interest and whistleblower policies raise concerns about its transparency and overall governance.
Despite the shortcomings in financial documentation, Skyway Bridge Run Inc does show a strong commitment to its program expenses, with a high ratio of 91.66%. This suggests that a substantial portion of its funding is directed towards fulfilling its mission, which is a positive aspect for potential donors and supporters. However, the alarming liabilities to assets ratio of 92.37% indicates that the organization might be facing financial challenges that could impact its sustainability.
Overall, while Skyway Bridge Run Inc demonstrates some strengths in its programmatic focus and independent oversight, the significant gaps in financial accountability and governance policies warrant caution for potential supporters. The lack of critical documentation suggests that further improvements are needed to enhance trust and viability within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Skyway Bridge Run Inc?
96% of 647 reviewers on Facebook recommend Skyway Bridge Run Inc. Here is a summary of their reviews:
Participants rave about the exhilarating atmosphere of the event, highlighting the impressive turnout of around 8,000 runners and walkers, all united in support of military families. Many express their enthusiasm for the experience, noting the balance of challenge and enjoyment that the run offers.
Volunteers and sponsors also receive commendations, with users appreciating their contributions to the event's success. Overall, the feedback showcases a strong sense of community and gratitude, indicating that the nonprofit effectively delivers a fulfilling experience while promoting a meaningful cause.
This AI summary has been generated from reviews found on Facebook.
Is Skyway Bridge Run Inc legitimate?
Skyway Bridge Run Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Skyway Bridge Run 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.skyway10k.com
What is the mission statement of Skyway Bridge Run Inc?
Skyway Bridge Run Inc's mission is centered around supporting the United States armed forces and their families. The organization raises funds through its annual race, the Skyway 10K Run, and contributes these proceeds to the Armed Forces Families Foundation, a tax-exempt organization under Section 501(C)(3). The primary focus of these funds is to aid military families in areas of significant need, often overlooked due to budget constraints of the military and its support organizations. The Skyway Bridge Run Inc's mission extends beyond the race, funding infrastructure projects that cater to the needs of these families across the United States.
Official website here: www.skyway10k.com
Who is the CEO of Skyway Bridge Run Inc?
Nicholas Peters is the President of Skyway Bridge Run Inc.
Official website here: www.skyway10k.com
What is the revenue of Skyway Bridge Run Inc?
Skyway Bridge Run Inc's revenue in 2022 was $1,547,689.
Official website here: www.skyway10k.com
Who are the executives of Skyway Bridge Run Inc and what are their salaries?
There 200 volunteers at Skyway Bridge Run Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.skyway10k.com
Where can I find the form 990 for Skyway Bridge Run Inc?
Skyway Bridge Run Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.skyway10k.com
Learn more at the official website: www.skyway10k.com
Mission Statement of Skyway Bridge Run Inc
Skyway Bridge Run Inc, a nonprofit organization, is dedicated to honoring and supporting the United States armed forces and their families. Their mission is twofold: firstly, they contribute race proceeds to the Armed Forces Families Foundation, a related organization exempt from tax under Section 501(c)(3). This foundation gives back to local communities, providing support for military families.
Secondly, the primary focus of Skyway Bridge Run Inc is to fund infrastructure projects that cater to the needs of military families throughout the United States. These projects often fall outside the tight budget constraints of the military and its family support organizations, making them crucial for the well-being of these families. The funds raised by the organization remain local, enabling donors to see the direct impact of their contributions.
The organization hosts an annual event, the Skyway 10K Run, which attracts runners and walkers of all levels. The race takes place over the span of the Sunshine Skyway Bridge in St. Petersburg, Florida, offering a breathtaking setting and an unforgettable race experience. Proceeds from the event are used to fund donations to the Armed Forces Families Foundation, ensuring that the organization can continue its mission of supporting military families through infrastructure projects and community initiatives.
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Impact
July, 2024
Skyway Bridge Run Inc's impact is felt in the tangible support provided to United States Armed Forces and their families. Through the annual Skyway 10K Run, participants not only have the opportunity to experience a unique and challenging race across the Sunshine Skyway Bridge but also contribute to a cause that directly benefits military families. The funds raised from the race are channeled into infrastructure projects that support military families throughout the United States, focusing on areas of significant need that may not be covered by traditional military support organizations. This localized approach ensures that the impact of donations is visible and directly benefits those who have sacrificed for their country.
This information is meant to be a general summary of Skyway Bridge Run 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: $880,247
- Gross Receipts: $1,547,689
Assets and Liabilities:
- Total Assets: $845,471
- Total Liabilities: $781,046
- Net Assets: $64,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SKYWAY BRIDGE RUN
Revenue
$880,247
Organization Details
Founding Year
2018
Phone
(770) 395-9091Principal Officer
Nicholas Peters
Main Address
520 D STREET UNIT C, CLEARWATER, FL, 33756
Website
www.skyway10k.comNTEE Category
Code: W30 - Public benefit
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