Overview
What is Stamford Rotary Trust Fund?
The Stamford Rotary Trust Fund is a nonprofit organization situated in Stamford, Connecticut. Their primary focus is on awarding educational scholarships to graduating seniors who reside in Stamford, as well as making charitable contributions. The organization is dedicated to this mission, enriching the lives of local students and contributing to the community in a meaningful way.
Official website here: www.stamfordrotarytrustfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating.
The Stamford Rotary Trust Fund has achieved a solid score of 84%, reflecting a commendable level of accountability and financial management. This rating is derived entirely from the Accountability & Finance beacon, indicating a strong emphasis on the transparency and sustainability of its operations. The fund's high score in this category suggests that it effectively manages its resources and maintains a robust financial structure.
Strengths of the organization include 100% independent board members and a strong financial statement audit. Additionally, the trust fund demonstrates prudent financial practices, with an impressive program expense ratio of 95.07%. This suggests that a significant portion of its funds directly supports its programs, which is a positive indicator for potential donors.
However, the organization has some noted limitations, particularly the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These missing elements may raise concerns regarding governance practices, even though other aspects of accountability are well-handled. Overall, the Stamford Rotary Trust Fund is positioned positively but could benefit from strengthening its governance framework.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Stamford Rotary Trust Fund?
While the Stamford Rotary Trust Fund currently does not have an extensive number of reviews, those that are available provide a positive glimpse into the organization's activities. One review highlights a well-organized meeting featuring a relevant speaker from the Stamford Senior Center to celebrate Senior Citizen Day, which indicates the nonprofit’s focus on community engagement and support for local initiatives.
The mention of a warm welcome suggests that the trust fund fosters an inviting atmosphere, which is likely appreciated by attendees and participants. Although only a couple of reviews are available, they reflect a promising commitment to thoughtful planning and collaboration in serving the community's needs.
Overall, the sentiment leans towards satisfaction, as the presence of organized events and community-oriented programs seems to resonate well with attendees.
This AI summary has been generated from reviews found on Facebook.
Is Stamford Rotary Trust Fund legitimate?
Stamford Rotary Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stamford Rotary Trust Fund 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.stamfordrotarytrustfund.org
What is the mission statement of Stamford Rotary Trust Fund?
The Stamford Rotary Trust Fund's mission revolves around providing educational scholarships and making charitable contributions. This organization offers educational scholarships to graduating seniors who reside in Stamford, in addition to awarding students. They also manage the administration of this program, furthering their commitment to education and community support.
Official website here: www.stamfordrotarytrustfund.org
Who is the CEO of Stamford Rotary Trust Fund?
Christopher Farrugio is the Trustee, Chairperson of Stamford Rotary Trust Fund.
Official website here: www.stamfordrotarytrustfund.org
What is the revenue of Stamford Rotary Trust Fund?
Stamford Rotary Trust Fund's revenue in 2022 was $708,970.
Official website here: www.stamfordrotarytrustfund.org
Who are the executives of Stamford Rotary Trust Fund and what are their salaries?
There 6 volunteers at Stamford Rotary Trust Fund.
Here are 6 key members and their salaries:
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Official website here: www.stamfordrotarytrustfund.org
Where can I find the form 990 for Stamford Rotary Trust Fund?
Stamford Rotary Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stamfordrotarytrustfund.org
Learn more at the official website: www.stamfordrotarytrustfund.org
Mission Statement of Stamford Rotary Trust Fund
The Stamford Rotary Trust Fund is an organization dedicated to providing educational scholarships and making charitable contributions. Its primary mission is to award scholarships to graduating seniors who are residents of Stamford. Beyond scholarships, this nonprofit also administers student awards, contributing to the educational pursuits of deserving individuals. The trust fund plays a crucial role in supporting the academic aspirations of its community, thereby fostering a culture of learning and development.
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Impact
July, 2024
The impact of the Stamford Rotary Trust Fund is significant in providing educational scholarships and charitable contributions to graduating seniors who are residents of Stamford. This assistance enables students to further their education and pursue their academic goals. By supporting these individuals, the trust fund contributes to the improvement of the local community by investing in the education and success of its future leaders.
This information is meant to be a general summary of Stamford Rotary Trust Fund. 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: $65,551
- Gross Receipts: $1,081,257
Assets and Liabilities:
- Total Assets: $1,028,300
- Total Liabilities: $0
- Net Assets: $1,028,300
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Organization Details
Founding Year
1962
Phone
(203) 327-1313Principal Officer
Christopher Farrugio
Main Address
PO BOX 8180, STAMFORD, CT, 06905
NTEE Category
Code: S80Z - Community improvement
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