Overview
What is The Crusaders Purple Reign Of The Hardwood Foundation?
The Crusaders Purple Reign of the Hardwood Foundation is a charitable organization established in Greenwich, Connecticut. Their primary objective is to produce and distribute a documentary film highlighting the College of the Holy Cross's illustrious basketball era, particularly its 1947 championship season. The foundation aims to raise funds for this project, with any additional proceeds being allocated to the Kenneth R. Desmarais scholarship at the college. This scholarship supports academically talented students with financial needs, allowing them to pursue their education. The foundation's activities revolve around raising funds to create the documentary and providing educational opportunities to deserving students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while The Crusaders Purple Reign Of The Hardwood Foundation demonstrates some strengths in financial health and governance, there are significant areas requiring improvement. The accountability and finance score of 73 shows a reasonable performance, particularly in aspects like independent board governance and a strong program expense ratio.
The organization boasts an impressive program expense ratio of 99.63%, indicating that nearly all funds are allocated towards its programs. Additionally, it has a fully independent board, which is a positive sign of governance. However, the absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policies raises concerns about the organization's compliance and overall transparency.
Moreover, the foundation's website is not listed on its tax form, and essential documentation like the tax form itself is missing from its website. This lack of accessibility and transparency may hinder potential donors from making informed decisions. Overall, while the foundation shows strong programmatic focus, addressing governance policies and improving transparency will be crucial to enhancing its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Crusaders Purple Reign Of The Hardwood Foundation legitimate?
The Crusaders Purple Reign Of The Hardwood Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Crusaders Purple Reign Of The Hardwood 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
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What is the mission statement of The Crusaders Purple Reign Of The Hardwood Foundation?
The Crusaders Purple Reign Of The Hardwood Foundation's mission is centered around raising funds to create a documentary that highlights the 1947 championship season of the Holy Cross basketball team. This endeavor serves two purposes: firstly, to commemorate the college's golden era of basketball success; and secondly, to provide academic scholarships for deserving students. The foundation plans to utilize donor grants and profits from the film to supplement the Kenneth R. Desmarais scholarship at the College.
What is the revenue of The Crusaders Purple Reign Of The Hardwood Foundation?
The Crusaders Purple Reign Of The Hardwood Foundation's revenue in 2020 was $0.
Who are the executives of The Crusaders Purple Reign Of The Hardwood Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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Where can I find the form 990 for The Crusaders Purple Reign Of The Hardwood Foundation?
The Crusaders Purple Reign Of The Hardwood Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of The Crusaders Purple Reign Of The Hardwood Foundation
The Crusaders Purple Reign of the Hardwood Foundation aims to raise funds for the creation of a documentary film that celebrates the College of the Holy Cross's 1947 basketball championship season. The primary objective of this nonprofit organization is to bring this significant moment in the college's history to light, preserving its legacy for future generations. To achieve this goal, the foundation intends to produce and market the documentary, generating profits that will be added to the Kenneth R. Desmarais scholarship at the College. Furthermore, the foundation also seeks to provide academic scholarships for deserving students through donor grants, contributing to the educational growth and development of the college community.
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Impact
October, 2024
The Crusaders Purple Reign Of The Hardwood Foundation significantly impacts the preservation and celebration of Holy Cross basketball history while fostering education through scholarships. By raising funds to produce a documentary focusing on the 1947 championship season, the foundation aims to capture the legacy of athletic excellence at the College of the Holy Cross, engaging both alumni and current students in a shared sense of pride and heritage. The initiative not only highlights pivotal historical moments but also serves as an educational tool, contributing to the collective memory of the institution.
Additionally, the foundation plays a crucial role in supporting deserving students by providing academic scholarships funded through donations and profits from the film. This dual approach—promoting the history of basketball at Holy Cross while simultaneously investing in the futures of students—embodies a commitment to community and education that extends beyond the court. Ultimately, the foundation ensures that the story of Holy Cross basketball is told and appreciated while empowering the next generation of scholars.
This information is meant to be a general summary of The Crusaders Purple Reign Of The Hardwood 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 2020.
Assets and Liabilities:
- Total Assets: $10,308
- Total Liabilities: $0
- Net Assets: $10,308
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Organization Details
Founding Year
2018
Principal Officer
John J Ferguson
NTEE Category
Code: B11 - Education
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