Overview
What is Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty?
Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty is a philanthropic organization based in Peabody, Massachusetts, specifically located at 8 Essex Center Drive, ZIP code 01960. Their primary mission is to support charitable, educational, literary, or scientific organizations within the Danvers, Massachusetts community. As demonstrated by their recent pledge of $50,000 towards the renovations of the Danvers Community YMCA, the trust is actively involved in community development and betterment projects. The trust is an extension of the Danvers Rotary Club, a well-established organization that aims to make positive differences in their local community and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Stars)
The Danvers Rotary Club Char Endowment Trust has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. With a score of 70%, the organization has shown commendable practices in governance, such as having a fully independent board and a solid policy against conflicts of interest, both of which contribute positively to its overall ratings.
Strengths of the organization include a perfect score in key areas like material diversion of assets, indicating no issues in this regard, and a strong program expense ratio of 100%. This suggests that all of its expenses are directed towards its programs, reflecting a commitment to its mission. Furthermore, the trust consistently documents board meeting minutes, reinforcing transparency and accountability in its operations.
However, despite these strengths, the overall score of 70% implies that there may be areas for improvement in accountability and finance. While the organization has demonstrated a solid foundation, stakeholders might benefit from further insights into its financial management and effectiveness in achieving its stated goals.
This AI summary has been generated from information found on Charity Navigator.
Is Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty legitimate?
Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty is a legitimate nonprofit organization registered as a 501(c)(3) entity. Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty 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
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What is the mission statement of Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty?
The Danvers Rotary Club Char Endowment Trust, managed by Maclean Holloway Doherty, has a mission to support charitable, educational, literary, or scientific organizations. This mission is aimed at contributing positively to various sectors within the community, promoting growth and development in these areas. The trust has pledged to contribute $50,000 towards the renovations of the Danvers Community YMCA, demonstrating its commitment to local initiatives. The organization's activities are centered around providing financial aid and support to organizations that align with its mission, contributing to the betterment of the community.
Who is the CEO of Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty?
Rebecca Kilborn is the Chairwoman of Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty.
What is the revenue of Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty?
Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty's revenue in 2022 was $27,811.
Who are the executives of Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty?
Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty
The Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty is a dedicated organization with a mission to support charitable, educational, literary, or scientific organizations within the Danvers, Massachusetts, community. This nonprofit entity is committed to contributing to the welfare and development of various sectors within its locality, aiming to enhance the overall quality of life for its residents. The organization has pledged to contribute $50,000 towards the renovations of the Danvers Community YMCA, demonstrating its dedication to contributing to the community's well-being.
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Impact
August, 2024
The impact of Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty is significant in supporting charitable, educational, literary, and scientific organizations in Danvers, Massachusetts. One notable contribution is the pledge of $50,000 towards the renovations of the Danvers Community YMCA. This support demonstrates a commitment to community improvement and enhancing facilities that benefit the residents of Danvers.
This information is meant to be a general summary of Danvers Rotary Club Char Endowment Trust C/O Maclean Holloway Doherty. 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: $27,443
- Gross Receipts: $63,077
Assets and Liabilities:
- Total Assets: $458,779
- Total Liabilities: $0
- Net Assets: $458,779
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Organization Details
Founding Year
1990
Phone
(978) 774-7123Principal Officer
Rebecca Kilborn
Main Address
8 ESSEX CENTER DR, PEABODY, MA, 01960
NTEE Category
Code: S80 - Community improvement
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