Overview
What is Romulus Club?
The Romulus Club is a nonprofit organization situated in Tonawanda, New York. Its primary mission is to offer financial aid through scholarships and grants for educational and charitable initiatives, particularly those focused on children and religious activities within the community. The club's commitment extends beyond monetary assistance, supporting various programs that positively impact the local area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Romulus Club has earned a solid Three-Star rating from Charity Navigator, indicating a robust level of accountability and finance management. The overall score reflects a strong emphasis on governance, with 100% of board members being independent. This independent oversight is crucial for maintaining transparency and trust within the organization.
Key strengths of the Romulus Club include a perfect score on material diversion of assets, indicating no misallocation of funds, as well as a 100% program expense ratio, meaning all expenses directly support their programs. The presence of well-documented policies for conflict of interest and whistleblowing further enhances their accountability framework, demonstrating their commitment to ethical practices.
While the organization showcases strong financial health and governance, the rating is based entirely on the Accountability & Finance beacon, suggesting that more comprehensive assessments covering effectiveness and impact could provide a fuller picture of the nonprofit's overall performance. However, based on the available data, Romulus Club appears to be a responsible steward of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Romulus Club legitimate?
Romulus Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Romulus Club 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 Romulus Club?
The Romulus Club's mission is centered around providing financial aid for educational and charitable initiatives. This encompasses supporting programs that benefit children and religious activities, specifically in an unspecified location. The club's primary goal is to offer scholarships and grants to further these causes.
Who is the CEO of Romulus Club?
Joe A Sparacino is the President of Romulus Club.
What is the revenue of Romulus Club?
Romulus Club's revenue in 2022 was $8,973.
Who are the executives of Romulus Club and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Romulus Club?
Romulus Club's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Romulus Club
The Romulus Club is an organization committed to providing financial assistance for educational and charitable purposes. Its mission extends to supporting programs that benefit children and religious activities, primarily in Tonawanda. By offering scholarships and grants, this nonprofit seeks to make a positive impact in various sectors, with a particular focus on the well-being of children and religious endeavors.
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Impact
August, 2024
Romulus Club's impact is evident in the support it provides for educational and charitable causes. The club offers scholarships and grants to further educational opportunities and assist with charitable endeavors in Tonawanda, NY. This assistance benefits programs that cater to children and religious activities in the community, showcasing the club's dedication to philanthropy and community betterment.
This information is meant to be a general summary of Romulus Club. 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: $8,973
- Gross Receipts: $8,973
Assets and Liabilities:
- Total Assets: $154,288
- Total Liabilities: $0
- Net Assets: $154,288
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Organization Details
Principal Officer
Joe A Sparacino
Main Address
28 BOUCK ST, TONAWANDA, NY, 14150
NTEE Category
Code: T30 - Philanthropy
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