Overview
What is Reno-Tahoe Open Foundation?
The Reno-Tahoe Open Foundation is a nonprofit organization located at 470 E Plumb Lane 300, Reno, NV 89502. Their primary mission revolves around organizing an annual PGA Tour-sanctioned golf tournament, serving as a platform to raise funds and awareness for various local 501(c)(3) charities. This event contributes positively to the community, encourages volunteerism, and generates a beneficial economic impact. The foundation, with a team of five employees, leverages this event to draw attention to and support numerous local charitable causes.
Official website here: www.barracudachampionship.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Stars
The Reno-Tahoe Open Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in terms of accountability and finance. The foundation's score is entirely based on its financial practices, which shows some strengths but also several areas needing improvement. Noteworthy positives include a fully independent board and a strong program expense ratio, demonstrating a commitment to using funds effectively for its programs.
However, the organization has notable limitations that impact its overall rating. The absence of key governance policies such as a whistleblower policy and document retention policy raises concerns about its operational transparency. Additionally, the foundation struggles with its financial health, as indicated by a concerning liabilities to assets ratio and a negative working capital figure, which could jeopardize its long-term sustainability.
In summary, while the Reno-Tahoe Open Foundation exhibits strong accountability measures and effective program spending, its lack of certain governance policies and financial challenges present significant risks that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Reno-Tahoe Open Foundation legitimate?
Reno-Tahoe Open Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reno-Tahoe Open 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: $193,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $281,237
For more financial information, click here
Official website here: www.barracudachampionship.com
What is the mission statement of Reno-Tahoe Open Foundation?
The Reno-Tahoe Open Foundation's mission is centered around organizing an annual PGA Tour-sanctioned golf tournament. This event is primarily designed for public enjoyment, serving as a platform to draw attention to various local charities. By hosting this tournament, the foundation aims to support these charities, which are classified as 501(C)(3) organizations. The tournament also functions as a national fundraising tool, contributing positively to the community and promoting volunteerism. Additionally, it provides a positive economic impact to the community.
Official website here: www.barracudachampionship.com
Who is the CEO of Reno-Tahoe Open Foundation?
Chris Hoff is the Director of Reno-Tahoe Open Foundation.
Official website here: www.barracudachampionship.com
What is the revenue of Reno-Tahoe Open Foundation?
Reno-Tahoe Open Foundation's revenue in 2022 was $3,281,496.
Official website here: www.barracudachampionship.com
Who are the executives of Reno-Tahoe Open Foundation and what are their salaries?
The average compensation at Reno-Tahoe Open Foundation during 2022 was $94,847. There are 5 employees and 605 volunteers at Reno-Tahoe Open Foundation.
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Official website here: www.barracudachampionship.com
Where can I find the form 990 for Reno-Tahoe Open Foundation?
Reno-Tahoe Open Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.barracudachampionship.com
Learn more at the official website: www.barracudachampionship.com
Mission Statement of Reno-Tahoe Open Foundation
The Reno-Tahoe Open Foundation, in its mission, aims to organize an annual PGA Tour-sanctioned golf tournament. This event is not only intended for public enjoyment but also serves to draw attention to and support various local 501(C)(3) charities. By hosting this tournament, the Foundation contributes positively to the community's quality of life, offering a nationwide platform to raise funds for these charities. The tournament additionally encourages volunteerism and generates a beneficial economic impact on the community, making it a significant event within the region.
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Impact
July, 2024
The Reno-Tahoe Open Foundation's impact can be seen through its organization of an annual PGA Tour-sanctioned golf tournament. This event not only contributes positively to the quality of life in the community but also serves as a national fundraising tool to support various local 501(c)(3) charities. Additionally, the foundation's efforts promote volunteerism and provide a positive economic impact to the community. Through these initiatives, the foundation plays a vital role in supporting charitable causes, promoting community engagement, and enhancing the overall well-being of the region.
This information is meant to be a general summary of Reno-Tahoe Open 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: $1,728,978
- Gross Receipts: $3,281,496
Assets and Liabilities:
- Total Assets: $54,663
- Total Liabilities: $232,708
- Net Assets: -$178,045
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CORPORATE SPONSORSHIPS
Revenue
$1,558,383
TICKET SALES
Revenue
$119,563
CONCESSIONS
Revenue
$37,874
PARKING
Revenue
$9,675
VOLUNTEER FEES
Revenue
$3,483
Organization Details
Founding Year
1998
Phone
(775) 322-3900Principal Officer
Chris Hoff
Main Address
470 E PLUMB LANE 300, RENO, NV, 89502
NTEE Category
Code: N116 - Recreation
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