Overview
What is Century Club Of San Diego?
Century Club of San Diego is a California-based nonprofit corporation, exempt under Internal Revenue Code Section 501(c)(3), dedicated to hosting a renowned PGA TOUR event in San Diego. Established in 1961, the organization's mission is to maximize support for the local community and youth programs through this annual golf tournament. The club has been the host of San Diego's PGA TOUR event for over six decades, attracting a global audience and generating significant economic impact. With a community of over 900 volunteers primarily from the San Diego region and beyond, the tournament serves as a valuable marketing asset for the local economy, hiring over 200 vendors and attracting fans from all 50 states and 17 countries. The revenue generated is then utilized to create programs that benefit at-risk and underserved youth charities in the area.
Official website here: www.farmersinsuranceopen.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Stars)
The Century Club Of San Diego has received a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and finance practices. The organization excels in governance, with a fully independent board and robust financial oversight measures. It boasts an impressive program expense ratio of 96.62%, indicating a significant portion of its funds is directed towards its mission-related activities.
Despite the high rating, user feedback reveals some concerns. A review from a donor highlights difficulties in obtaining financial statements, suggesting a potential transparency issue with compliance to state regulations. While the organization's internal practices appear solid, external perceptions can be affected by such challenges in communication.
Overall, the Century Club Of San Diego demonstrates strong financial responsibility and organizational integrity, but addressing issues related to transparency could enhance trust and support from stakeholders and the public.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Century Club Of San Diego?
94% of 690 reviewers on Facebook recommend the Century Club of San Diego. Here is a summary of their reviews:
Overall, patrons express a highly positive sentiment towards the organization, highlighting the memorable experiences they have had. Users often mention the exceptional quality of events and the appeal of the venue, pointing to an enthusiastic appreciation for the offerings provided.
The overwhelming recommendation rate suggests that the nonprofit successfully creates engaging environments that resonate well with its community. People seem to be very satisfied with their involvement and consistently commend the quality of service and experiences associated with the Century Club of San Diego.
This AI summary has been generated from reviews found on Facebook.
Is Century Club Of San Diego legitimate?
Century Club Of San Diego is a legitimate nonprofit organization registered as a 501(c)(3) entity. Century Club Of San Diego 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: $304,802
Professional Fundraising Fees: $0
Other Salaries and Wages: $885,182
For more financial information, click here
Official website here: www.farmersinsuranceopen.com
What is the mission statement of Century Club Of San Diego?
Century Club of San Diego is a charitable organization with a mission to host a top-tier PGA TOUR event in order to provide substantial support for the local community and youth programs. Established in 1961 and recognized as a nonprofit under IRS section 503(c), the organization's primary goal is to make a positive impact through this golf event. They aim to be an influential economic force and a significant benefactor in their community, prioritizing selflessness, kindness, and passion in their actions. Their core values revolve around providing service to others and remaining dedicated and passionate in their pursuit of their vision and mission.
Official website here: www.farmersinsuranceopen.com
Who is the CEO of Century Club Of San Diego?
Martin Gorsich is the Ceo of Century Club Of San Diego. The CEO's salary of Century Club Of San Diego is $320,030 and their total compensation is $337,714.
Official website here: www.farmersinsuranceopen.com
What is the revenue of Century Club Of San Diego?
Century Club Of San Diego's revenue in 2022 was $13,615,886.
Official website here: www.farmersinsuranceopen.com
Who are the executives of Century Club Of San Diego and what are their salaries?
The average compensation at Century Club Of San Diego during 2022 was $84,999. There are 14 employees and 925 volunteers at Century Club Of San Diego.
Here are 9 key members and their salaries (Century Club Of San Diego's CEO's salary is $320,030 and their total compensation is $337,714):
- Compensation: $320,030
- Related: $0
- Other: $17,684
- Compensation: $172,757
- Related: $0
- Other: $12,086
- Compensation: $102,067
- Related: $0
- Other: $8,768
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.farmersinsuranceopen.com
Where can I find the form 990 for Century Club Of San Diego?
Century Club Of San Diego's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.farmersinsuranceopen.com
Learn more at the official website: www.farmersinsuranceopen.com
Mission Statement of Century Club Of San Diego
Century Club of San Diego, a California-based nonprofit organization, has a mission rooted in charitable pursuits. Established in 1961 and recognized as a public benefit corporation under Internal Revenue Code Section 501(c)(3), the organization's primary goal is to host a world-class PGA TOUR event. This event serves as a platform to generate significant support for the San Diego community and local youth programs.
Century Club's unwavering commitment to community service is evident in its efforts to make a difference. By hosting this prestigious golf tournament, the organization leverages its unique resources to drive economic growth and act as a benevolent benefactor in the region. The mission statement reflects a passionate and dedicated approach, with a clear vision to become "America's premier golf event and San Diego's greatest ambassador."
At the core of Century Club's values are selflessness and kindness. These guiding principles have shaped the organization's culture, ensuring that its success is measured by the extent of its charitable contributions. The team behind Century Club is passionate and driven in their pursuit of this mission. Their commitment to follow-through on good intentions sets them apart, making them a valuable asset to the San Diego community.
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Impact
October, 2024
The Century Club of San Diego has a significant impact on both the local community and the broader San Diego region through its annual hosting of the Farmers Insurance Open at Torrey Pines Golf Course. This PGA TOUR event not only brings together elite golfers from around the world but also serves as a vital economic driver for the city, generating an estimated $34.3 million in economic impact.
With a dedicated network of over 900 volunteers, primarily from San Diego but also hailing from across the nation and beyond, the Century Club engages the community in creating a successful and memorable tournament experience. This volunteer-driven effort not only enhances the event's execution but fosters a sense of community involvement and spirit.
Additionally, the Century Club leverages the visibility provided by the tournament to promote San Diego as a prime destination on a national and international stage, attracting visitors from all 50 states and 17 countries. The organization also prioritizes philanthropy, directing resources to local at-risk and underserved youth programs, ensuring that the benefits of the tournament extend beyond golf and into meaningful community support.
By combining world-class sporting events with a commitment to local charitable impact, the Century Club of San Diego plays a crucial role in enhancing the quality of life and opportunities for residents, making it a key ambassador for the region.
This information is meant to be a general summary of Century Club Of San Diego. 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: $298
- Program Service Revenue: $10,843,238
- Gross Receipts: $14,867,757
Assets and Liabilities:
- Total Assets: $2,243,411
- Total Liabilities: $629,513
- Net Assets: $1,613,898
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT
Revenue
$10,843,238
Organization Details
Founding Year
1961
Phone
(858) 886-4653Principal Officer
Martin Gorsich
Main Address
9404 GENESSEE AVENUE STE 310, LA JOLLA, CA, 92037
Website
www.farmersinsuranceopen.comNTEE Category
Code: T120 - Philanthropy
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