Overview
What is Quad Cities Golf Classic Charitable Foundation?
The Quad Cities Golf Classic Charitable Foundation is a not-for-profit corporation based on conducting a Professional Golf Association (PGA) tour-sanctioned golf tournament. Its primary mission enriches the community positively by contributing growing annual financial donations to charitable organizations. Volunteerism is also promoted through the Foundation's activities. The golf tournament generates a significant economic impact on the community.
Official website here: www.johndeereclassic.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning a Two-Star out of Four Star rating.
The Quad Cities Golf Classic Charitable Foundation has received a moderate 74% rating from Charity Navigator, indicating some strengths in its governance and financial practices. The organization boasts a fully independent board and strong oversight practices, reflected in high scores for its audit committee and conflict of interest policies. Additionally, it has an excellent program expense ratio, suggesting that a significant portion of its expenditures directly supports its charitable missions.
However, the foundation faces notable challenges, especially in its fundraising efficiency, which is rated significantly low. This indicates that while the organization may successfully allocate funds toward its programs, it struggles to generate revenue effectively. Moreover, issues related to the whistleblower policy and document retention have negatively impacted its overall score, highlighting areas where operational improvements are needed.
Overall, the Quad Cities Golf Classic Charitable Foundation demonstrates a commitment to its mission through strong program spending, but it must address its fundraising strategies and governance policies to enhance its financial health and accountability in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Quad Cities Golf Classic Charitable Foundation legitimate?
Quad Cities Golf Classic Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quad Cities Golf Classic 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: $115,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $551,974
For more financial information, click here
Official website here: www.johndeereclassic.com
What is the mission statement of Quad Cities Golf Classic Charitable Foundation?
The Quad Cities Golf Classic Charitable Foundation is dedicated to organizing a Professional Golf Association (PGA) tournament. This mission goes beyond just sports, as it aims to make a positive impact on the community. The foundation contributes to charitable causes, with annual financial contributions that continue to grow. Volunteerism is another key aspect, as the tournament provides opportunities for individuals to get involved. TheQuad Cities Golf Classic Charitable Foundation's mission is to conduct a PGA tour event that enhances community life and generates significant charitable donations while fostering volunteer participation.
Official website here: www.johndeereclassic.com
Who is the CEO of Quad Cities Golf Classic Charitable Foundation?
Andrew Lehman is the Director of Quad Cities Golf Classic Charitable Foundation.
Official website here: www.johndeereclassic.com
What is the revenue of Quad Cities Golf Classic Charitable Foundation?
Quad Cities Golf Classic Charitable Foundation's revenue in 2022 was $25,360,612.
Official website here: www.johndeereclassic.com
Who are the executives of Quad Cities Golf Classic Charitable Foundation and what are their salaries?
The average compensation at Quad Cities Golf Classic Charitable Foundation during 2022 was $74,108. There are 9 employees and 1800 volunteers at Quad Cities Golf Classic Charitable Foundation.
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Official website here: www.johndeereclassic.com
Where can I find the form 990 for Quad Cities Golf Classic Charitable Foundation?
Quad Cities Golf Classic Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.johndeereclassic.com
Learn more at the official website: www.johndeereclassic.com
Mission Statement of Quad Cities Golf Classic Charitable Foundation
The Quad Cities Golf Classic Charitable Foundation, a not-for-profit corporation, strives to organize a Professional Golf Association (PGA) Tour-sanctioned golf tournament that brings about positive changes to the community. Through this annual event, the Foundation aims to generate increasing financial contributions for charitable causes, fostering volunteer participation, and enhancing the overall quality of life for local residents.
Founded on the principles of community enrichment and charitable giving, the Quad Cities Golf Classic Charitable Foundation meticulously plans and executes a professional golf tournament that serves as a significant source of positivity for the community. Its primary objectives include making meaningful contributions to charitable organizations, inspiring volunteerism, and creating a positive economic impact. By engaging golf enthusiasts, local businesses, and volunteers, the Foundation successfully weaves together a network of support that extends far beyond the golf course.
At the heart of the Quad Cities Golf Classic Charitable Foundation's mission lies its commitment to making a difference in the lives of those in need. Through its annual tournament, the organization raises substantial funds for various charitable causes, ensuring that the contributions continue to grow each year. The Foundation's dedication to volunteerism is also evident, as it encourages individuals from all walks of life to get involved and give back to their community. By fostering a culture of engagement and philanthropy, the Quad Cities Golf Classic Charitable Foundation creates lasting impact and sets an inspiring example for others to follow.
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Impact
October, 2024
The Quad Cities Golf Classic Charitable Foundation creates a significant positive impact on the community through several key initiatives. By organizing a PGA Tour sanctioned professional golf tournament, it enhances the quality of life in the area, providing an engaging event that draws in participants and spectators alike.
One of the foundation's primary outcomes is its commitment to charitable giving, with growing annual financial contributions directed towards various local causes. This support helps address critical needs within the community, enhancing services and opportunities for residents.
Additionally, the foundation actively promotes volunteerism, encouraging community members to engage and contribute their time and talents to the event and its associated causes. This involvement not only fosters a sense of community but also strengthens local connections among participants, volunteers, and beneficiaries.
Finally, the economic impact of the tournament extends beyond fundraising. It generates increased revenue for local businesses through tourism, lodging, and dining, while also elevating the region's profile as a destination for major sporting events. Overall, the Quad Cities Golf Classic Charitable Foundation serves as a catalyst for community enrichment and support.
This information is meant to be a general summary of Quad Cities Golf Classic 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: $46,603
- Program Service Revenue: $718,954
- Gross Receipts: $25,360,612
Assets and Liabilities:
- Total Assets: $4,121,852
- Total Liabilities: $641,765
- Net Assets: $3,480,087
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT WEEK
Revenue
$339,791
TICKETS AND PARKING
Revenue
$260,543
BRAND EXPOSURE
Revenue
$118,620
Organization Details
Founding Year
2003
Phone
(309) 762-4653Principal Officer
Andrew Lehman
Main Address
15623 COALTOWN ROAD, EAST MOLINE, IL, 61244
Website
www.johndeereclassic.comNTEE Category
Code: T12 - Philanthropy
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