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Weymouth Rotary Foundation Inc

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

EIN: 043327406 ✦ Weymouth, MA ✦ Designated as a 501(c)(3)

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Overview

What is Weymouth Rotary Foundation Inc?

Weymouth Rotary Foundation Inc, located in Weymouth, Massachusetts, is a nonprofit organization dedicated to making charitable contributions and providing educational scholarships. Their mission is to support well-rounded students who excel academically and show a strong commitment to volunteering their time to their community, religious, or nonprofit organizations. The foundation operates with a focus on nurturing individuals who demonstrate a balance of academic excellence and community service.


Official website here: www.weymouthrotary.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97% (Four-Star out of Four Stars)

The Weymouth Rotary Foundation Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 97%, with its overall score derived entirely from its accountability and finance metrics. This reflects a strong commitment to transparency and effective financial management in its operations.

The foundation demonstrates exemplary governance, with 100% of its board members being independent, which contributes to sound decision-making and oversight. The organization also scored full points in areas such as the absence of material diversion of assets, compliance with conflict of interest policies, and proper documentation of board meeting minutes. Additionally, it has a zero liabilities to assets ratio, showcasing its fiscal responsibility.

While the Weymouth Rotary Foundation excels in financial metrics, it's important to consider that the rating is based solely on accountability and finance beacons. This means that while the organization is financially sound, additional information regarding its programmatic impact and community engagement could provide a more comprehensive picture of its overall effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Weymouth Rotary Foundation Inc legitimate?

Weymouth Rotary Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Weymouth Rotary Foundation Inc 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


Official website here: www.weymouthrotary.org

What is the mission statement of Weymouth Rotary Foundation Inc?

The Weymouth Rotary Foundation Inc's mission is centered around providing charitable contributions and educational scholarships. This organization targets well-rounded students who excel academically and demonstrate a willingness to volunteer their time to their community, religious, or nonprofit organizations. By offering these resources, the foundation aims to support and empower these students, contributing to the betterment of their communities.


Official website here: www.weymouthrotary.org

Who is the CEO of Weymouth Rotary Foundation Inc?

Donald J Gustafson is the Director of Weymouth Rotary Foundation Inc.


Official website here: www.weymouthrotary.org

What is the revenue of Weymouth Rotary Foundation Inc?

Weymouth Rotary Foundation Inc's revenue in 2023 was $17,798.


Official website here: www.weymouthrotary.org

Who are the executives of Weymouth Rotary Foundation Inc and what are their salaries?


Here are 6 key members and their salaries:


Robert Lynch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Myers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Terravecchia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory F Galvin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald J Gustafson (Treasurer/Pr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur H Sharp (Clerk/Vice P)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.weymouthrotary.org

Where can I find the form 990 for Weymouth Rotary Foundation Inc?

Weymouth Rotary Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.weymouthrotary.org

Learn more at the official website: www.weymouthrotary.org

Mission Statement of Weymouth Rotary Foundation Inc

Weymouth Rotary Foundation Inc is committed to providing charitable contributions and educational scholarships to well-rounded students who excel academically and demonstrate a willingness to volunteer their time to their community, religious, or nonprofit organizations. The foundation's mission is to invest in the future leaders of society by recognizing and supporting students who not only excel in their studies but also demonstrate a dedication to serving their communities and contributing to the well-being of others. By offering financial aid and resources, Weymouth Rotary Foundation Inc seeks to empower these students to pursue their dreams and make a positive impact in the world.

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Impact




August, 2024

Weymouth Rotary Foundation Inc's impact is significant in the community of Weymouth, MA. The organization provides charitable contributions and educational scholarships to well-rounded students who excel academically and demonstrate a commitment to volunteering their time to support their community, religious organizations, or other local initiatives. By supporting these students, the foundation helps foster a culture of academic achievement, community engagement, and social responsibility. Overall, Weymouth Rotary Foundation Inc plays a key role in enhancing the educational opportunities and community development efforts in Weymouth.




This information is meant to be a general summary of Weymouth Rotary Foundation 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.

Revenue
$17,798 (2023)
Expenses
$63,079 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,818
  • Gross Receipts: $543,506

Assets and Liabilities:

  • Total Assets: $427,330
  • Total Liabilities: $0
  • Net Assets: $427,330

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Organization Details

Founding Year

1996

Principal Officer

Donald J Gustafson

Main Address

775 PLEASANT STREET SUITE 5, WEYMOUTH, MA, 021892355

NTEE Category

Code: S82 - Community improvement

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