Overview
What is Rotary Club Education Fund Of Framingham C/O Robert Worth?
The Rotary Club Education Fund of Framingham, overseen by Robert Worth, is a nonprofit organization based in Framingham, Massachusetts. During their fiscal year ending in June 2022, they awarded nine scholarships to eligible high school seniors for their freshman year of college tuition. Their mission, as stated, is to provide financial aid for higher education to students residing in towns served by the Framingham Rotary Club. This fund aims to support local youth in continuing their academic journey.
Official website here: www.framinghamrotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Rotary Club Education Fund of Framingham has received a Three-Star rating reflecting a commendable performance with a score of 76%. This rating is based entirely on its accountability and finance practices, which indicates a strong commitment to prudent financial management. The organization boasts a fully independent board of directors, which enhances its governance and oversight capabilities.
The charity demonstrates notable strengths, particularly in its financial ratios, with a program expense ratio of 81.59%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, it has no material diversion of assets, and it has successfully listed all required documents on its website, ensuring transparency and compliance.
However, there are some areas for improvement. The organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for maintaining best practices in governance. Addressing these gaps could enhance its overall accountability and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary Club Education Fund Of Framingham C/O Robert Worth legitimate?
Rotary Club Education Fund Of Framingham C/O Robert Worth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Education Fund Of Framingham C/O Robert Worth 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.
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Official website here: www.framinghamrotary.org
What is the mission statement of Rotary Club Education Fund Of Framingham C/O Robert Worth?
The Rotary Club Education Fund, without specifying a particular individual's name, is committed to providing college scholarships for high school seniors hailing from the towns served by the Framingham Rotary Club. Their mission is to financially support the higher education of deserving students, contributing to their future academic pursuits. In the fiscal year ending June 30, 2022, nine scholarships were awarded to eligible students, covering their freshman year college tuition. This fund serves as a testament to the Rotary Club's dedication to fostering educational opportunities for young individuals in their community.
Official website here: www.framinghamrotary.org
Who is the CEO of Rotary Club Education Fund Of Framingham C/O Robert Worth?
Robert Worth is the President of Rotary Club Education Fund Of Framingham C/O Robert Worth.
Official website here: www.framinghamrotary.org
What is the revenue of Rotary Club Education Fund Of Framingham C/O Robert Worth?
Rotary Club Education Fund Of Framingham C/O Robert Worth's revenue in 2022 was $40,251.
Official website here: www.framinghamrotary.org
Who are the executives of Rotary Club Education Fund Of Framingham C/O Robert Worth and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.framinghamrotary.org
Where can I find the form 990 for Rotary Club Education Fund Of Framingham C/O Robert Worth?
Rotary Club Education Fund Of Framingham C/O Robert Worth's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.framinghamrotary.org
Learn more at the official website: www.framinghamrotary.org
Mission Statement of Rotary Club Education Fund Of Framingham C/O Robert Worth
The Rotary Club Education Fund of Framingham, under the stewardship of Robert Worth, is dedicated to a commendable mission. This mission revolves around providing financial aid in the form of college scholarships to deserving high school seniors hailing from the towns served by the Framingham Rotary Club. By offering these scholarships, the Rotary Club Education Fund aims to support these students as they embark on their freshman year of college studies, thereby contributing to their academic pursuits and future success. In the fiscal year ending on June 30, 2022, this noble organization awarded nine such scholarships to qualified students.
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Impact
October, 2024
The Rotary Club Education Fund of Framingham has a direct and significant impact on the community by providing college scholarships to high school seniors in the towns served by the Framingham Rotary Club. In the fiscal year ending June 30, 2022, the Fund awarded nine scholarships, enabling qualified students to pursue their education and ease the financial burden of college tuition. This initiative not only supports individual academic aspirations but also strengthens the future of the community by investing in the education of its youth. The scholarships open doors for students, allowing them to access higher education opportunities that might otherwise be financially out of reach, thereby fostering a more educated and skilled workforce.
This information is meant to be a general summary of Rotary Club Education Fund Of Framingham C/O Robert Worth. 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 2022.
- Investment Income: $31,801
- Gross Receipts: $102,576
Assets and Liabilities:
- Total Assets: $1,099,426
- Total Liabilities: $0
- Net Assets: $1,099,426
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Organization Details
Founding Year
1939
Phone
(508) 875-9777Principal Officer
Robert Worth
Main Address
PO BOX 2173, FRAMINGHAM, MA, 01703
Website
www.framinghamrotary.orgNTEE Category
Code: B12 - Education
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