Overview
What is Diamante First Tee Foundation?
The Diamante First Tee Foundation, based in Southlake, Texas, serves as a charitable entity primarily focused on funding the Cabo San Lucas First Tee. This organization uses golf as a medium to shape the lives of young individuals, fostering character development, instilling valuable life lessons, and promoting health and wellness. In 2022, the Foundation organized and supported 38 educational sessions, each lasting 4 hours, providing opportunities for approximately 72 children per session, amounting to a total of 2,725 young participants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
The Diamante First Tee Foundation has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With a score of only 12%, the foundation shows numerous deficiencies, including a lack of independent board members and missing essential governance policies. This low rating reflects the need for substantial improvement in financial transparency and organizational structure.
One of the critical issues highlighted is the complete absence of independent board members, which raises questions about the foundation's oversight and decision-making processes. Additionally, fundamental financial statements were not provided, contributing to the overall lack of transparency. The organization also failed to implement basic policies that are standard in nonprofit governance, such as conflict of interest and whistleblower policies.
On a more positive note, the foundation has documented its board meeting minutes, which shows some level of organizational effort. However, the high liabilities to assets ratio and low program expense ratio indicate that a significant portion of funds may not be effectively directed towards its stated mission. Overall, the rating suggests that potential donors should approach with caution and consider these governance and financial issues before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Diamante First Tee Foundation legitimate?
Diamante First Tee Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Diamante First Tee 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 Diamante First Tee Foundation?
The Diamante First Tee Foundation's mission is centered around providing financial support for an educational program named Cabo San Lucas First Tee. This program aims to positively influence the lives of young individuals by fostering character development, instilling valuable life lessons, and promoting health and wellness through golf. The foundation's activities serve as a life tool, helping these young people grow into responsible and well-rounded individuals. In 2022, the foundation conducted 38 sessions, each lasting 4 hours, reaching out to approximately 2,725 children.
Who is the CEO of Diamante First Tee Foundation?
Virginia Panoff is the Director of Diamante First Tee Foundation.
What is the revenue of Diamante First Tee Foundation?
Diamante First Tee Foundation's revenue in 2022 was $561,522.
Who are the executives of Diamante First Tee Foundation and what are their salaries?
There 2 volunteers at Diamante First Tee Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Diamante First Tee Foundation?
Diamante First Tee Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Diamante First Tee Foundation
Diamante First Tee Foundation is an organization dedicated to supporting the Cabo San Lucas First Tee, a program that significantly impacts the lives of young individuals. Their mission is to provide funding and resources, enabling this program to instill valuable life lessons and character-building skills in children through golf. By leveraging golf as a tool, the Foundation aims to teach enriching values and promote healthy habits. In 2022, they facilitated 38 four-hour sessions, engaging approximately 2,725 children, demonstrating their commitment to influencing the lives of numerous young people.
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Impact
July, 2024
Diamante First Tee Foundation's impact can be seen in the positive influence it has on the lives of young people in Cabo San Lucas. Through educational programs that focus on character-building, instilling life-enriching values, and promoting healthy lessons using golf as a tool, the foundation is shaping the future of these kids. In 2022 alone, the foundation conducted 38 sessions, each lasting 4 hours and serving approximately 72 kids per session, totaling 2,725 participants. The foundation's commitment to providing funding support for the Cabo San Lucas First Tee program highlights its dedication to positively impacting the youth in the community.
This information is meant to be a general summary of Diamante First Tee 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.
- Investment Income: $2,562
- Gross Receipts: $561,522
Assets and Liabilities:
- Total Assets: $537,280
- Total Liabilities: $142,377
- Net Assets: $394,903
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Organization Details
Founding Year
2021
Phone
(817) 337-5077Principal Officer
Virginia Panoff
Main Address
1207 S White Chapel Blvd Ste 150B, Southlake, TX, 76092
NTEE Category
Code: N12 - Recreation
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