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Golf Charitable Foundation Of Greater Des Moines

The Principal Charity Classic

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 812651226 ✦ Des moines, IA ✦ Designated as a 501(c)(3)

Overview

What is Golf Charitable Foundation Of Greater Des Moines?

The Golf Charitable Foundation of Greater Des Moines is a nonprofit organization that serves as the hosting charity for the annual Principal Charity Classic golf event in Des Moines, Iowa. Their primary objective is to raise funds for local charities primarily through donations, sponsorships, and ticket sales. Since its inception, the foundation has generated substantial revenue and income through these sources. In Fiscal Year 2022, they increased revenue by $211,670 and net ordinary income by $353,610. The funds raised are distributed through two main programs: Birdies for Charity and Tournament Charity Partners. The foundation's efforts contribute to the economic vitality and quality of life in Central Iowa by raising awareness for selected charitable institutions and providing access to the cultural benefits of professional-level golf activities.


Is Golf Charitable Foundation Of Greater Des Moines legitimate?

Golf Charitable Foundation Of Greater Des Moines is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golf Charitable Foundation Of Greater Des Moines 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.

Here 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 Golf Charitable Foundation Of Greater Des Moines?
Who is the CEO of Golf Charitable Foundation Of Greater Des Moines?
What is the revenue of Golf Charitable Foundation Of Greater Des Moines?
Who are the executives of Golf Charitable Foundation Of Greater Des Moines and what are their salaries?
Where can I find the form 990 for Golf Charitable Foundation Of Greater Des Moines?

Mission Statement of Golf Charitable Foundation Of Greater Des Moines

The Golf Charitable Foundation of Greater Des Moines serves as the hosting charity for the annual Principal Charity Classic golf event. In this role, the organization supports the Community Foundation of Greater Des Moines and acts as the charitable host for one or more golf tournaments in the area.

The foundation's primary mission is to raise funds for Iowa charities. This objective is accomplished through donations, sponsorships, and ticket sales during the Principal Charity Classic tournament. By contributing to the economic vitality of Central Iowa, the tournament heightens awareness of selected charitable institutions and offers access to the cultural benefits of professional-level golf activities.

Each year, the Golf Charitable Foundation of Greater Des Moines distributes the raised funds through two main programs: Birdies for Charity and Tournament Charity Partners. In fiscal year 2022, the foundation saw a significant increase in revenue of $211,670 and a net ordinary income increase of $353,610. These funds are vital in making a difference in the lives of many Iowans by providing essential resources to various charitable organizations.

Impact

This information is meant to be a general summary of Golf Charitable Foundation Of Greater Des Moines. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Golf Charitable Foundation Of Greater Des Moines, through its flagship event, the Principal Charity Classic, has a significant impact on the community. By raising funds for Iowa charities primarily through donations and sponsorships, the foundation contributes to the economic vitality and quality of life in Central Iowa. The tournament not only raises substantial funds from private contributions and sponsorships but also provides access to the cultural benefits of professional-level golf activities.

Through programs like Birdies for Charity and Tournament Charity Partners, the foundation distributes these charitable funds to local organizations, furthering their impact on the community. In fiscal year 2022, the foundation increased revenue by $211,670 and net ordinary income by $353,610, demonstrating its growing influence and ability to support philanthropic endeavors in the Greater Des Moines area.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-49,702
  • Program Service Revenue: $7,022,729
  • Gross Receipts: $14,005,506

    • Assets and Liabilities:
  • Total Assets: $1,974,418
  • Total Liabilities: $1,028,268
  • Net Assets: $946,150
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PRINCIPAL CHARITY CLASSIC TOURNAM

    Revenue

    $7,022,729

    Organization Details

    Founding Year

    2015

    Principal Officer

    Ken Mccullum

    Main Address

    PO BOX 93905, DES MOINES, IA, 503933905

    NTEE Category

    Code: T19 - Philanthropy

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