Copperhead Charities Inc

The information for Copperhead Charities Inc is as of the organization's most recent filing in May 2020. This organization is located in Palm Harbor, FL and has been in existence for 37 years, following its founding in 1983.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Copperhead Charities Inc's NTEE code is T99. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "99" tells us that the organization is a Philanthropy, Voluntarism & Grantmaking Foundations N.E.C. The NTEE describes this type of organization as one that provides philanthropy, voluntarism and grantmaking services where the major purpose is unclear enough that a more specific code cannot be accurately assigned.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of Copperhead Charities Inc is to provide aid to Tampa Bay charities.

Program Areas

Birdies for Tampa Bay Charities offers participating 501(c)(3) charities the chance to generate contributions for their organizations based on the number of "birdies" made by contestants during the Valspar Championship (a PGA Tour event). This organization has generated over $42 million for charities primarily in the Tampa Bay area while also staging amenities for golf fans to view the best in PGA Tour competition each March on the Copperhead Course at Innisbrook Resort in Palm Harbor, Florida. An independent economic impact study found that tournament activities have an annual economic impact of over $51 million to the Tampa Bay area.

Board Governance

Copperhead Charities Inc is an organization that is well governed. The organization has 18 voting members, all of whom are independent, meaning that potential conflicts of interest do not exist. Furthermore, Copperhead Charities Inc has delegated management to an outside firm, ensuring that the organization is managed by experienced professionals. Board and committee meetings are documented, and the organization has a conflict of interest policy and requires disclosure of conflicts. Additionally, Copperhead Charities Inc substantiates and reviews leadership and officer salaries, and provides copies of the 990 to the board prior to filing. While the organization does not have a written whistleblower policy or document retention policy, the other measures taken demonstrate that Copperhead Charities Inc is well governed.

Grant History

Our dataset has five years of grant history for Copperhead Charities Inc. Over that period, they have awarded a total of 168 grants, with an average check size of $48,276. All of the grants were awarded in the Philanthropy, Voluntarism & Grantmaking Foundations sector. The organization most frequently awards grants in Florida (160), followed by Colorado (2), Pennsylvania (2), Kentucky (2), Ohio (1), and Georgia (1).

Organization Growth

Copperhead Charities Inc has experienced changes in growth over the past five years. Contributions & Grants Received have increased, Investment Income has increased, Employee Salaries have increased, and Total Expenses have decreased. However, Program Service Revenue and Grants Paid have decreased, and Total Revenue and Total Volunteers have decreased. The Total Employees line item is not meaningful over this time period.