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3M Open Fund

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

EIN: 830995816 ✦ Blaine, MN ✦ Designated as a 501(c)(3)

Overview

What is 3M Open Fund?

The 3M Open Fund is a nonprofit organization based in Blaine, Minnesota, represented by the address 11074 Radisson Road Northeast, with a team of 12 dedicated individuals. Their primary mission is to organise and host an annual PGA Tour-sanctioned professional golf tournament for charitable purposes. The tournament's net proceeds are donated to the community to positively impact local lives. The 3M Open Fund was established with the vision of creating a significant social contribution through this annual golf event.


Official website here: www.3mopen.com/3m-open-fund

Is 3M Open Fund legitimate?

3M Open Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. 3M Open Fund 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


Official website here: www.3mopen.com/3m-open-fund

What is the mission statement of 3M Open Fund?

The 3M Open Fund is a non-profit organization established to organize an annual professional golf tournament as part of the PGA Tour. Their mission is to make a positive impact on the community by donating the proceeds from the event. The golf tournament, held in July, serves as a means to generate funds for charitable causes. The non-profit organization's mission is focused on contributing to the community through the golf tournament and the resulting charitable donations.


Official website here: www.3mopen.com/3m-open-fund

Who is the CEO of 3M Open Fund?

Kady Stoll is the Treasurer of 3M Open Fund.


Official website here: www.3mopen.com/3m-open-fund

What is the revenue of 3M Open Fund?

3M Open Fund's revenue in 2022 was $18,352,790.


Official website here: www.3mopen.com/3m-open-fund

Who are the executives of 3M Open Fund and what are their salaries?

There are 12 employees and 1,500 volunteers at 3M Open Fund.

Here are 14 key members and their salaries:

    Don Ashton (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Fall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Hammes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Lavers (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kady Stoll (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Graves (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Moman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randall Mcdaniel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jon Nudi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Page (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marty Nanne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karina Chavez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Hines (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.3mopen.com/3m-open-fund

    Where can I find the form 990 for 3M Open Fund?

    The 3M Open Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.3mopen.com/3m-open-fund

    Learn more at the official website: www.3mopen.com/3m-open-fund

    Mission Statement of 3M Open Fund

    The 3M Open Fund, a nonprofit organization, is dedicated to organizing an annual professional golf tournament as part of the PGA Tour. The primary objective of this event is to generate positive contributions to the community through the proceeds donated from the tournament.

    Established with a mission to make a difference, the 3M Open Fund aims to run a professional golf tournament that captivates and engages the local audience, ultimately translating into significant charitable donations. By collaborating with the PGA Tour, the organization ensures a high-caliber event that attracts golf enthusiasts and spectators alike. The 3M Open Fund's commitment to charitable giving sets it apart, creating a lasting impact on the community.

    During the summer months, the 3M Open Fund successfully held its annual golf tournament. The event, which attracted top golf professionals, brought together golf lovers and supporters of various charitable causes. The proceeds from the tournament, which were the net result of sponsorships, ticket sales, and other revenues, were earmarked for charitable donations, embodying the organization's mission to give back to the community.

    Impact

    This information is meant to be a general summary of 3M Open Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The 3M Open Fund has a significant impact on the community through its annual PGA TOUR sanctioned professional golf tournament. By donating the net proceeds from the event, the organization positively contributes to the community, supporting various philanthropic causes. This initiative fosters a spirit of giving and community involvement, making a tangible difference in the lives of those in need.





    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: $0
  • Program Service Revenue: $12,554,274
  • Gross Receipts: $18,352,790

    • Assets and Liabilities:
  • Total Assets: $3,171,074
  • Total Liabilities: $9,052,447
  • Net Assets: -$5,881,373
  • Programs

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

    SPONSORSHIP

    Revenue

    $9,771,239

    PRO-AM REVENUE

    Revenue

    $1,233,953

    CONCESSIONS, CATERING, AND PARKIN

    Revenue

    $1,008,046

    TICKET SALES

    Revenue

    $541,036

    Organization Details

    Founding Year

    2018

    Principal Officer

    Kady Stoll

    Main Address

    11074 RADISSON ROAD NORTHEAST, BLAINE, MN, 55449

    NTEE Category

    Code: T31 - Philanthropy

    If you are a representative of 3M Open Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.