Overview
What is Batavia Rotary Memorial Fund?
The Batavia Rotary Memorial Fund is a benevolent organization situated within the GLOW Region. Their primary objective is to grant scholarships to deserving students who have graduated from Batavia High School, Notre Dame High School, and BOCES. Beyond scholastic support, they also extend their aid to various non-profit organizations within the region. An additional aspect of their work involves a pledge for the construction of a YMCA building. The fund's mission is to foster educational growth and foster community development by supporting local organizations.
Official website here: www.bataviarotaryraffle.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Batavia Rotary Memorial Fund has received a One-Star rating from Charity Navigator due to its overall score of 53%, which reflects significant concerns in the area of accountability and finance. The rating is primarily influenced by the lack of independent board members, as the organization has none, which raises questions about governance and oversight.
On a positive note, the organization shows strong financial efficiency, with a program expense ratio of 98.73%. This indicates that the vast majority of its expenditures are directed towards its programs rather than administrative costs, a favorable aspect for donors. Additionally, there are no reported material diversions of assets, which suggests financial integrity.
However, the absence of essential governance policies, such as a conflict of interest policy and a whistleblower policy, is a notable limitation that could impact donor confidence. Furthermore, the lack of documented board meeting minutes and other governance documents points to a need for improved operational transparency. Overall, while the fund excels in program spending, its governance structure and policies require significant enhancement for better accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Batavia Rotary Memorial Fund legitimate?
Batavia Rotary Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Batavia Rotary Memorial 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.
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Official website here: www.bataviarotaryraffle.com
What is the mission statement of Batavia Rotary Memorial Fund?
The Batavia Rotary Memorial Fund, as a philanthropic organization, is committed to providing scholarships to deserving students from various high schools within its region, including Batavia High School, Notre Dame High School, and BOCES. Furthermore, the fund extends its support beyond scholarships, aiding other non-profit organizations within its scope. One of its notable initiatives involves making a pledge towards the construction of a YMCA building. In essence, the Batavia Rotary Memorial Fund seeks to invest in the futures of its students and uplift its community through its charitable endeavors.
Official website here: www.bataviarotaryraffle.com
Who is the CEO of Batavia Rotary Memorial Fund?
Mike Hodgins is the Vice President of Batavia Rotary Memorial Fund.
Official website here: www.bataviarotaryraffle.com
What is the revenue of Batavia Rotary Memorial Fund?
Batavia Rotary Memorial Fund's revenue in 2022 was $119,369.
Official website here: www.bataviarotaryraffle.com
Who are the executives of Batavia Rotary Memorial Fund and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.bataviarotaryraffle.com
Where can I find the form 990 for Batavia Rotary Memorial Fund?
Batavia Rotary Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bataviarotaryraffle.com
Learn more at the official website: www.bataviarotaryraffle.com
Mission Statement of Batavia Rotary Memorial Fund
The Batavia Rotary Memorial Fund, a charitable organization, is dedicated to fulfilling two primary objectives. Firstly, it awards four-year college scholarships to deserving students who have graduated from Batavia High School, Notre Dame High School, and BOCES. By providing financial assistance, the fund aims to empower these students to pursue their higher education dreams.
Secondly, the Batavia Rotary Memorial Fund extends its support to various other not-for-profit organizations within its operating region. This commitment is demonstrated through its involvement in initiatives, such as the YMCA building pledge. By backing these organizations, the fund contributes to the overall well-being and development of its community. In essence, the Batavia Rotary Memorial Fund seeks to uplift future generations of leaders and contribute positively to its community through education and charitable aid.
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Impact
October, 2024
The Batavia Rotary Memorial Fund significantly impacts the local community by providing scholarships to students and supporting various not-for-profit organizations in the GLOW region. It awards four-year college scholarships specifically to graduates of Batavia High School, Notre Dame High School, and BOCES, thereby fostering educational opportunities and empowering the next generation.
In addition to scholarships, the Fund commits resources to initiatives that enhance community well-being, exemplified by its pledge supporting the YMCA building project. Through these efforts, the Batavia Rotary Memorial Fund strengthens community ties, encourages educational attainment, and uplifts local organizations, making a lasting contribution to the quality of life in Batavia, NY.
This information is meant to be a general summary of Batavia Rotary Memorial 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: $18,938
- Gross Receipts: $270,017
Assets and Liabilities:
- Total Assets: $631,536
- Total Liabilities: $0
- Net Assets: $631,536
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Organization Details
Phone
(716) 474-0885Principal Officer
Mike Hodgins
Main Address
P O BOX 229, BATAVIA, NY, 14020
Website
www.bataviarotaryraffle.comNTEE Category
Code: S80 - Community improvement
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