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Newton Rotary Foundation Inc

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

EIN: 043581396 ✦ Newtonville, MA ✦ Designated as a 501(c)(3)

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Overview

What is Newton Rotary Foundation Inc?

Newton Rotary Foundation Inc is a nonprofit organization primarily focused on charitable giving. They place a significant emphasis on supporting social services, education, and arts & humanities. During the COVID-19 pandemic, they actively raised funds to address food needs within their community. Furthermore, the Foundation has organized resources for future charitable giving and is committed to contributing to local charities through community service grants.

Is Newton Rotary Foundation Inc legitimate?

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

The Newton Rotary Foundation Inc's primary purpose is centered around charitable giving. It places a particular focus on supporting social services, education, and arts and humanities. Notably, during the COVID-19 pandemic, the foundation raised funds to alleviate food needs. Additionally, it collects funds for future charitable initiatives. The organization is geared towards contributing to local charities and offers community service grants.

What is the revenue of Newton Rotary Foundation Inc?

Newton Rotary Foundation Inc's revenue in 2021 was $39,193.

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

Here are 2 key members and their salaries:


Andrew Willinger (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Peghiny (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Newton Rotary Foundation Inc?

Newton Rotary Foundation Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.

Mission Statement of Newton Rotary Foundation Inc

Newton Rotary Foundation Inc is a charitable organization with a primary focus on providing aid in the areas of social services, education, and arts & humanities. During the COVID-19 pandemic, the foundation showed particular concern for food security and raised funds to support those in need. Beyond this immediate response, the foundation also gathered resources for future charitable giving. The organization is committed to contributing to local communities and distributes community service grants. By emphasizing these sectors, Newton Rotary Foundation Inc aims to make a meaningful impact in various aspects of society.

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Impact




August, 2024

Newton Rotary Foundation Inc has had a significant impact on the local community of Newtonville, MA. The Foundation has prioritized charitable giving with a special focus on social services, education, and arts & humanities. During the COVID-19 epidemic, the Foundation raised funds to support food needs in the community, providing essential assistance to those in need. Additionally, the Foundation has raised funds for future charitable giving, ensuring sustained support for important causes. Through community service grants and contributions to local charities, the Foundation has played a key role in making a positive difference in the lives of individuals and organizations in Newtonville.




This information is meant to be a general summary of Newton 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
$39,193 (2021)
Expenses
$54,377 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $564
  • Gross Receipts: $39,193

Assets and Liabilities:

  • Total Assets: $61,911
  • Total Liabilities: $15,748
  • Net Assets: $46,163

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Organization Details

Principal Officer

Susan Peghiny

NTEE Category

Code: T11 - Philanthropy

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