Overview
What is Rotary Club Of Montpelier Vermont Charitable Foundation?
The Rotary Club Of Montpelier Vermont Charitable Foundation is a nonprofit organization located in Montpelier, Vermont. Established to support the local chapter of Rotary International, its primary mission involves raising funds to provide college scholarships to high school seniors, aid local non-profit organizations, and offer food assistance to indigent elementary school students. Over the years, the foundation has awarded scholarships totaling 63,000 dollars to 14 deserving seniors from Montpelier and East Montpelier High Schools, aiming to support their higher education journey.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Rotary Club of Montpelier Vermont Charitable Foundation has received a 73% rating from Charity Navigator, reflecting a moderate level of accountability and finance management. While the organization demonstrates strong governance with 10 out of 10 points for majority independent board members and board size, there are notable deficiencies in the documentation and policies required for optimal transparency and accountability.
Strengths include an impressive program expense ratio of 98.65%, indicating that a significant portion of funds is directed towards the foundation's charitable programs. Additionally, the organization has a favorable liabilities to assets ratio of 0.00%, suggesting a solid financial position with no outstanding liabilities. However, the absence of key policies, such as conflict of interest and whistleblower policies, raises concerns about the operational safeguards in place.
Further, the charity’s tax form is not available on its website, which also detracts from its transparency and may hinder potential donors' trust. Overall, while the Rotary Club of Montpelier Vermont Charitable Foundation shows positive aspects in its financial management and governance structure, it is advised for them to address the missing documentation and policies to enhance their evaluation further.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary Club Of Montpelier Vermont Charitable Foundation legitimate?
Rotary Club Of Montpelier Vermont Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Of Montpelier Vermont Charitable Foundation 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.
Heare 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 Rotary Club Of Montpelier Vermont Charitable Foundation?
The Rotary Club Of Montpelier Vermont Charitable Foundation supports the activities of its local chapter of Rotary International. Its primary objectives include raising funds to provide college scholarships for high school seniors, offer grants to local non-profits, and supply food for indigent elementary school students. The scholarship program has awarded over 63,000 dollars in scholarships to 14 senior students from Montpelier and East Montpelier high schools, enabling them to attend college for four years. The foundation also contributes to local non-profits, addressing various community needs.
Who is the CEO of Rotary Club Of Montpelier Vermont Charitable Foundation?
William Miles is the President of Rotary Club Of Montpelier Vermont Charitable Foundation.
What is the revenue of Rotary Club Of Montpelier Vermont Charitable Foundation?
Rotary Club Of Montpelier Vermont Charitable Foundation's revenue in 2023 was $73,768.
Who are the executives of Rotary Club Of Montpelier Vermont Charitable Foundation and what are their salaries?
There 20 volunteers at Rotary Club Of Montpelier Vermont Charitable Foundation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rotary Club Of Montpelier Vermont Charitable Foundation?
Rotary Club Of Montpelier Vermont Charitable Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rotary Club Of Montpelier Vermont Charitable Foundation
The Rotary Club of Montpelier Vermont Charitable Foundation plays a significant role in supporting the activities of its local chapter of Rotary International. This nonprofit organization raises funds to fulfill various philanthropic initiatives, including providing college scholarships to deserving high school seniors, granting financial aid to local non-profit organizations, and offering food assistance to indigent elementary school students.
In line with its mission, the Charitable Foundation has been instrumental in offering financial aid through its scholarship program. Over the years, it has awarded scholarships totaling 63,000 dollars to 14 high school seniors from Montpelier and East Montpelier, enabling them to pursue their higher education at colleges for four years. This initiative not only provides financial relief to deserving students but also empowers them to pursue their academic dreams and contribute positively to society in the future.
Furthermore, the Charitable Foundation extends its support to local non-profit organizations by offering grants. By providing financial assistance, it contributes to the overall well-being of the community, enabling these organizations to deliver their services more effectively and reach a wider audience. Lastly, the Charitable Foundation's commitment to helping indigent elementary school students is evident in its food assistance program. By offering food supplies, it ensures that these students have adequate nutrition, which is crucial for their growth and development.
In conclusion, the Rotary Club of Montpelier Vermont Charitable Foundation plays a pivotal role in supporting the activities of its local chapter of Rotary International. Through its various initiatives, it contributes to the education, well-being, and overall development of the community, making a significant impact on the lives of countless individuals.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Rotary Club Of Montpelier Vermont Charitable Foundation's impact includes providing $63,000 in scholarships to 14 Montpelier and East Montpelier high school seniors for four years of college education. Additionally, the foundation supports local non-profits through grants and ensures that indigent elementary school students have access to food.
This information is meant to be a general summary of Rotary Club Of Montpelier Vermont Charitable Foundation. 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: $44,207
- Program Service Revenue: $424
- Gross Receipts: $213,616
Assets and Liabilities:
- Total Assets: $1,614,229
- Total Liabilities: $0
- Net Assets: $1,614,229
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FILM PROJECT
Revenue
$424
Organization Details
Founding Year
1994
Phone
(802) 498-5023Principal Officer
William Miles
Main Address
PO BOX 441, MONTPELIER, VT, 05601
NTEE Category
Code: B82Z - Education
If you are a representative of Rotary Club Of Montpelier Vermont Charitable Foundation 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.