Overview
What is Abingdon Rotary Foundation Inc?
Abingdon Rotary Foundation Inc is a nonprofit organization that raises funds for community and international aid projects. They achieve this goal by organizing two significant events: the Frolics, a long-standing 78-year-old show put together by its members for the community, and Riverboat Night (temporarily halted due to the pandemic). All earnings derived from these events are channeled towards providing assistance to organizations in need.
Official website here: www.rotary7570.org/abingdon
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating.
The Abingdon Rotary Foundation Inc has received a Three-Star rating from Charity Navigator, based on an overall score of 79%. This score is derived solely from the Accountability & Finance beacon, indicating a strong emphasis on financial management and transparency. The organization has demonstrated commendable performance in areas such as having a completely independent board and maintaining an excellent ratio of program expenses, which stands at 93.86%.
However, the organization has some limitations in terms of governance policies. Notably, it lacks certain essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could impact its overall governance framework. While the foundation excels in financial accountability, the absence of these policies suggests areas for improvement to ensure comprehensive governance practices.
Overall, the Abingdon Rotary Foundation Inc shows a strong commitment to financial accountability, though it should address its governance policy gaps to enhance its operational integrity. Potential donors and supporters may want to consider these factors when evaluating the organization’s transparency and ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Abingdon Rotary Foundation Inc legitimate?
Abingdon Rotary Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abingdon Rotary Foundation Inc 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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Official website here: www.rotary7570.org/abingdon
What is the mission statement of Abingdon Rotary Foundation Inc?
The Abingdon Rotary Foundation, an organization dedicated to community and global service, achieves its mission by raising funds through two primary events. The long-standing Frolics, a show organized by its members, and Riverboat Night (suspended due to Covid-19), serve as the main sources of revenue. All earnings from these events are distributed to various organizations in need, demonstrating the foundation's commitment to supporting the community and the world at large.
Official website here: www.rotary7570.org/abingdon
Who is the CEO of Abingdon Rotary Foundation Inc?
Doris Shuman is the Treasurer of Abingdon Rotary Foundation Inc.
Official website here: www.rotary7570.org/abingdon
What is the revenue of Abingdon Rotary Foundation Inc?
Abingdon Rotary Foundation Inc's revenue in 2023 was $54,079.
Official website here: www.rotary7570.org/abingdon
Who are the executives of Abingdon Rotary Foundation Inc and what are their salaries?
There 60 volunteers at Abingdon Rotary Foundation Inc.
Here are 6 key members and their salaries:
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Official website here: www.rotary7570.org/abingdon
Where can I find the form 990 for Abingdon Rotary Foundation Inc?
Abingdon Rotary Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rotary7570.org/abingdon
Learn more at the official website: www.rotary7570.org/abingdon
Mission Statement of Abingdon Rotary Foundation Inc
The Abingdon Rotary Foundation is committed to raising funds for community and global service initiatives. They achieve this mission by organizing two primary events: the Frolics, a long-standing tradition that sees Rotary members putting on a show for the community, and Riverboat Night (which was unfortunately cancelled due to Covid-19). All the earnings generated from these events are then distributed to organizations in need. The Abingdon Rotary Foundation's efforts contribute significantly to the well-being of their community and beyond, demonstrating their dedication to making a positive impact.
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Impact
August, 2024
Abingdon Rotary Foundation Inc raises funds for community and world service through events like Frolics and Riverboat Night. All proceeds from these events are given to organizations in need, making a significant impact in supporting human services both locally and globally.
This information is meant to be a general summary of Abingdon Rotary Foundation Inc. 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 2023.
- Investment Income: $97
- Program Service Revenue: $53,982
- Gross Receipts: $54,079
Assets and Liabilities:
- Total Assets: $41,579
- Total Liabilities: $0
- Net Assets: $41,579
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Frolics
Revenue
$39,283
Golf Ball Drop
Revenue
$8,275
Splashpad donations
Revenue
$4,000
MISC
Revenue
$2,424
Organization Details
Founding Year
1923
Phone
(276) 698-8882Principal Officer
Doris Shuman
Main Address
P O BOX 2574, Abingdon, VA, 242122574
Website
www.rotary7570.org/abingdonNTEE Category
Code: P60 - Human services
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