Overview
What is Derry Rotary Educational Fund Inc?
Derry Rotary Educational Fund Inc is a nonprofit organization devoted to providing financial aid in the form of college scholarships for high school graduates residing within its service area. The organization manages its funds by building up assets on an endowment basis and subsequently utilizes the income derived from these assets to sponsor these scholarships. The Derry Rotary Educational Fund operates with the aim of supporting the higher education of local youth, thereby contributing to their future success and personal growth.
Is Derry Rotary Educational Fund Inc legitimate?
Derry Rotary Educational Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Derry Rotary Educational Fund Inc submitted a form 990EZ, 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.
What is the mission statement of Derry Rotary Educational Fund Inc?
The Derry Rotary Educational Fund's mission is centered around providing financial aid in the form of college scholarships for high school graduates. The organization maintains its assets on an endowed basis, and the income generated from these assets is utilized to fund these scholarships within its specified service area. The Derry Rotary Educational Fund's mission aims to support the higher education aspirations of deserving students, thereby contributing to their personal and professional growth. By offering these scholarships, the Fund seeks to empower future generations and contribute to societal development.
Who is the CEO of Derry Rotary Educational Fund Inc?
Scott Copeland is the President of Derry Rotary Educational Fund Inc.
What is the revenue of Derry Rotary Educational Fund Inc?
Derry Rotary Educational Fund Inc's revenue in 2023 was $4.
Who are the executives of Derry Rotary Educational Fund Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Derry Rotary Educational Fund Inc?
Derry Rotary Educational Fund Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Derry Rotary Educational Fund Inc
Derry Rotary Educational Fund, a nonprofit organization, is dedicated to providing college scholarships for high school graduates. The organization achieves this mission by accumulating assets on an endowed basis. This means they invest their funds and use the income generated from these investments to fund the scholarships. The scholarships are offered to high school graduates within Derry Rotary's service area, contributing to the educational growth and opportunities of these individuals. By offering these scholarships, Derry Rotary Educational Fund is investing in the future of its community, providing financial support to deserving students who may otherwise struggle to afford higher education.
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Impact
October, 2024
The Derry Rotary Educational Fund Inc significantly impacts the community by providing college scholarships to high school graduates in the Derry Rotary service area. By accumulating assets on an endowed basis, the organization ensures a sustainable source of funding for these scholarships, allowing students to pursue higher education and fulfill their academic aspirations. Through its efforts, the fund not only alleviates some of the financial burdens associated with college but also encourages young individuals to strive for excellence in their educational journeys. This commitment to supporting local students fosters a culture of learning and growth within the community, ultimately contributing to the development of a more educated and capable workforce.
This information is meant to be a general summary of Derry Rotary Educational Fund Inc. 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 2023.
- Investment Income: $4
- Gross Receipts: $4
Assets and Liabilities:
- Total Assets: $210,191
- Total Liabilities: $0
- Net Assets: $210,191
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Organization Details
Phone
(603) 785-6635Principal Officer
Scott Copeland
Main Address
132 East Broadway, Derry, NH, 03038
NTEE Category
Code: T30 - Philanthropy
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