Overview
What is Olympia Companies Southern Highlands Charitable Foundation?
The Olympia Companies Southern Highlands Charitable Foundation is a nonprofit organization dedicated to securing funding for charitable initiatives. Primarily, they accomplish this goal by sponsoring a charity golf tournament and other community events. Their primary objective is to gather and distribute funds for various charitable causes. In 2022, they made substantial contributions of $300,000 and $250,000 to the Children's Heart Foundation and Boys & Girls Clubs of Southern Nevada, respectively. Their philanthropic efforts focus on supporting local charities and making a positive impact within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Olympia Companies Southern Highlands Charitable Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating significant areas for improvement in both accountability and finance. The overall score of 60% reflects concerns primarily related to governance and financial transparency, including a lack of independent board members and inadequate procedures for document retention and whistleblower policies.
The organization does exhibit some strengths, such as a perfect score in the conflict of interest policy and a solid performance in managing liabilities relative to assets. Additionally, the foundation has demonstrated a reasonable program expense ratio, suggesting that a majority of its funds are directed towards its charitable activities. However, the effectiveness of fundraising efforts has been flagged as an area of concern, with a lower efficiency ratio indicating that more resources are spent to raise funds than might be ideal.
Overall, while there are commendable aspects of Olympia Companies Southern Highlands Charitable Foundation's operations, the lack of independent oversight and several gaps in policy and financial management raise questions about its governance practices. Potential donors and stakeholders may wish to consider these factors carefully when assessing the foundation's overall impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Olympia Companies Southern Highlands Charitable Foundation legitimate?
Olympia Companies Southern Highlands Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olympia Companies Southern Highlands Charitable 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
For more financial information, click here
What is the mission statement of Olympia Companies Southern Highlands Charitable Foundation?
The Olympia Companies Southern Highlands Charitable Foundation's mission is centered around raising funds for charitable purposes. They primarily achieve this goal by sponsoring charity events, such as golf tournaments, within the community. Their main objective is to collect and disburse funds to support various charitable causes. In the recent year of 2022, the foundation made substantial contributions to organizations like the Children's Heart Foundation and Boys & Girls Clubs of Southern Nevada, donating $300,000 and $250,000 respectively.
Who is the CEO of Olympia Companies Southern Highlands Charitable Foundation?
Garry V Goett is the Director & President of Olympia Companies Southern Highlands Charitable Foundation.
What is the revenue of Olympia Companies Southern Highlands Charitable Foundation?
Olympia Companies Southern Highlands Charitable Foundation's revenue in 2022 was $2,796,024.
Who are the executives of Olympia Companies Southern Highlands Charitable Foundation and what are their salaries?
There 15 volunteers at Olympia Companies Southern Highlands Charitable Foundation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Olympia Companies Southern Highlands Charitable Foundation?
Olympia Companies Southern Highlands Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Olympia Companies Southern Highlands Charitable Foundation
The Olympia Companies Southern Highlands Charitable Foundation is dedicated to raising funds for charitable causes. Its primary method of fundraising involves sponsoring charity events, notably a golf tournament, and engaging in various community activities. The organization's mission is centered around soliciting, collecting, and distributing funds to support charitable initiatives. In 2022, the foundation demonstrated its commitment to this mission by making substantial grants to organizations such as the Children's Heart Foundation and the Boys & Girls Clubs of Southern Nevada, contributing amounts of $300,000 and $250,000 respectively. The Olympia Companies Southern Highlands Charitable Foundation plays a vital role in the community, using its resources to contribute to the betterment of local charities.
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Impact
July, 2024
Olympia Companies Southern Highlands Charitable Foundation's impact can be seen through its substantial contributions to local charities. In 2022, the foundation made significant grants totaling $550,000 to organizations such as Children's Heart Foundation and Boys & Girls Clubs of Southern Nevada. The funds raised through events like the charity golf tournament have directly supported these causes, making a tangible difference in the community. Through its philanthropic efforts, the foundation is actively involved in supporting charitable causes that benefit those in need.
This information is meant to be a general summary of Olympia Companies Southern Highlands Charitable 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: $2,378
- Gross Receipts: $2,796,024
Assets and Liabilities:
- Total Assets: $528,443
- Total Liabilities: $50,744
- Net Assets: $477,699
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Organization Details
Founding Year
2001
Phone
(702) 220-6565Principal Officer
Garry V Goett
Main Address
11411 SOUTHERN HIGHLANDS PKWY 30, LAS VEGAS, NV, 89141
NTEE Category
Code: T30 - Philanthropy
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