Overview
What is Golden Spike Foundation?
The Golden Spike Foundation is a nonprofit organization situated in Salt Lake City, Utah. Their primary objective is to engage the community in celebrating and commemorating the Transcontinental Railroad legacy through various means such as website development, media, newsletters, marketing, graphic design, consultations, and events. Their mission, known as Spike 150, aims to inspire, educate, and reflect on the Transcontinental Railroad's impact by unifying Utahns and showcasing the power of vision, hard work, dedication, innovation, and collaboration. The Foundation's activities and events serve to promote unity and encourage the belief that significant accomplishments can be achieved with these values.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (67%)
The Golden Spike Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization "Needs Improvement." This score reflects a balance of strengths and weaknesses in their operations, particularly in the area of accountability and finance. The foundation has a strong program expense ratio of approximately 95%, demonstrating a commitment to allocating funds toward their programs.
While the organization does have a fully independent board and no material diversion of assets, several critical governance policies are missing, including a conflict of interest policy and a whistleblower policy. Furthermore, the foundation has not provided financial statements or made important documents available on its website, which impacts its accountability rating significantly.
Overall, while the Golden Spike Foundation showcases effective program spending, the lack of transparency and necessary governance policies limits its score. Addressing these areas could enhance their trustworthiness and overall effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Spike Foundation legitimate?
Golden Spike Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Spike 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: $5,330
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Golden Spike Foundation?
The Golden Spike Foundation, through its Spike 150 initiative, aims to inspire, educate, and foster reflection on the Transcontinental Railroad legacy. This mission is geared towards uniting individuals, encouraging them to see the potential of great achievements when driven by vision, hard work, dedication, innovation, and collaboration. The foundation achieves this by utilizing various activities, events, and materials such as website content, media, newsletters, marketing materials, graphic design, consultations, and events to engage the community and commemorate this significant historical event.
Who is the CEO of Golden Spike Foundation?
Unavailable
What is the revenue of Golden Spike Foundation?
Golden Spike Foundation's revenue in 2022 was $1,457,796.
Who are the executives of Golden Spike Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Golden Spike Foundation?
Golden Spike Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Golden Spike Foundation
The Golden Spike Foundation, through its Spike 150 initiative, strives to motivate, instruct, and contemplate the legacy of the Transcontinental Railroad. This mission serves to unify individuals within Utah, encouraging them to recognize the potential for extraordinary achievements when guided by vision, diligence, commitment, innovation, and teamwork. The foundation accomplishes this objective by utilizing various tools such as digital platforms, newsletters, marketing materials, and events to foster community engagement and commemorate this historical milestone.
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Impact
July, 2024
Golden Spike Foundation's impact is evident in its Spike 150 initiative, which serves to inspire, educate, and reflect on the legacy of the Transcontinental Railroad. By unifying Utahns around themes of vision, hard work, dedication, innovation, and collaboration, this initiative showcases how great things are achievable. Through various activities, events, and community engagement efforts, Golden Spike Foundation has successfully brought people together to commemorate and celebrate this significant part of history.
This information is meant to be a general summary of Golden Spike 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.
- Gross Receipts: $1,457,796
Assets and Liabilities:
- Total Assets: $930,850
- Total Liabilities: $0
- Net Assets: $930,850
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Organization Details
Founding Year
2018
Main Address
60 South 600 East STE 150, Salt Lake City, UT, 84102
NTEE Category
Code: A84 - Arts
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