The mission of the Charity Chase is to hold a half marathon annually to raise funds and distribute funds to North Carolina non-profit and not for profit organizations that volunteer for the event.
The Charity Chase is organized exclusively for charitable, religious, educational, and scientific purposes under section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code.
•To raise and distribute funds to local charities who volunteer for the race.
•To produce an event that highlights the City of Hickory and provides positive economic impact to the community.
•To provide a running and walking experience for all individuals who want to participate regardless of ability.
•To promote the recreation opportunities available in the City of Hickory and Metro Area.
The name, Charity Chase, describes the purpose of the race; to raise money for local charities. All board and committee members are volunteers and receive no compensation in order to maximize the amount that is given back to the community. Most, although not a requirement, of the committee members are runners who have participated in races and all share the enthusiasm of having a race in the community that raises money for community programs.
Funds are raised through sponsorships and participant entry fees. In-kind sponsorships are also appreciated because they help offset the cost of putting on the event. Sponsors are recognized in all marketing efforts and are given free entries – the number of which is based on the amount of their sponsorship. Participant entry fees are low in comparison to other half marathons in order to give everyone the opportunity to run but still cover our costs. Entry fees vary depending on how early the person enters. The practice of increasing entry fees as the race gets closer is consistent with other events of this type.
Proceeds are determined as money left over after all bills are paid and the appropriation for next year is estimated. Costs of the race include: The use of a professional timing company for race results, race participant and committee shirts, and finisher medals for participants, supplies such as sports drinks and food for runners and volunteers, awards for overall and age group winners in 1st, 2nd and 3rd place, scissor lift rentals for the start and finish banners, portable toilets, signs, decorations, and post race entertainment. In order to build the event year after year, the committee must keep a portion of the proceeds to purchase equipment and spend on advertising. This portion is 25% of total income or less depending on projected expenditures and purchases such as: insurance, permits, marketing cost and materials, postage, supplies and equipment.
Distribution of proceeds to the non- and not for profit groups who volunteer are calculated as follows:
Total Proceeds divided by the total number of volunteers. That number is then multiplied by the number of volunteers a group has to give them their amount raised. A bonus of $100 is given to the most enthusiastic group voted on by the race participants. This keeps volunteers on the course upbeat and involved in the race. All checks are made out to the non- or not for profit organization. A check cannot be made out to an individual.
By organizing the event on a volunteer basis and distributing funds to local non-profit and not-for -profit organizations, the Charity Chase has been approved as a 501(c)(3) organization.