Overview
What is Rotary 5950 Foundation?
The Rotary 5950 Foundation is a nonprofit organization based in Wayzata, Minnesota. Its primary focus is on serving communities where Rotary Club projects are active, offering direct aid and assistance to individuals in need across Minnesota. The organization's mission extends beyond the state borders, providing support worldwide. The Rotary 5950 Foundation's activities are centered around offering service and assistance, working tirelessly to uplift people in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Rotary 5950 Foundation has earned a commendable rating of 80%, which reflects a strong commitment to accountability and finance. The foundation's score is derived solely from its performance in this area, indicating a substantial focus on transparency and effective financial management. Notably, the organization has maintained a 0.00% liabilities to assets ratio, demonstrating robust fiscal health.
A significant strength of the Rotary 5950 Foundation is its governance structure, characterized by a fully independent board comprising 14 members. This independence is crucial for ensuring that the foundation operates without conflicts of interest, a commitment supported by the presence of a conflict of interest policy. Furthermore, the foundation documents its board meeting minutes, underscoring its adherence to good governance practices.
The organization excels in its program expense ratio, with 99.03% of its expenses directed towards programs, highlighting its dedication to its mission and effective resource allocation. However, while the foundation shows strong performance in accountability and finance, there are no noted limitations in the data, indicating a well-rounded and responsible approach to its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary 5950 Foundation legitimate?
Rotary 5950 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary 5950 Foundation 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:
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For more financial information, click here
What is the mission statement of Rotary 5950 Foundation?
The Rotary 5950 Foundation's mission is centered around providing aid and assistance to individuals in need, extending beyond their local community in Minnesota and reaching globally. Their activities are focused on supporting projects where Rotary clubs are actively engaged, offering hands-on assistance to those in need within Minnesota. The foundation's initiatives are drawn from various communities within Rotary District 5950, which covers west-central Minnesota.
What is the revenue of Rotary 5950 Foundation?
Rotary 5950 Foundation's revenue in 2023 was $93,355.
Who are the executives of Rotary 5950 Foundation and what are their salaries?
There 20 volunteers at Rotary 5950 Foundation.
Here are 20 key members and their salaries:
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Where can I find the form 990 for Rotary 5950 Foundation?
Rotary 5950 Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rotary 5950 Foundation
The Rotary 5950 Foundation is committed to serving and assisting individuals in need, extending its reach beyond the borders of Minnesota and reaching out to people worldwide. This nonprofit organization's mission is centered around providing essential services and aid to communities where Rotary Club projects are currently underway in West Central Minnesota. The foundation takes a hands-on approach, focusing on initiatives that directly benefit those in need within the state of Minnesota and beyond. The projects undertaken by Rotary 5950 Foundation are primarily community-driven, originating from various communities within Rotary District 5950.
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Impact
August, 2024
Rotary 5950 Foundation's impact is profound, as it focuses on providing service and assistance to those in need within the state of Minnesota and beyond. Through hands-on projects in various communities in Rotary District 5950, the foundation reaches out to offer support to individuals facing challenges. This impactful work not only addresses local needs but also extends its reach globally, embodying the spirit of philanthropy and making a tangible difference in people's lives.
This information is meant to be a general summary of Rotary 5950 Foundation. 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.
- Gross Receipts: $93,355
Assets and Liabilities:
- Total Assets: $70,752
- Total Liabilities: $0
- Net Assets: $70,752
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Organization Details
Founding Year
2004
Principal Officer
Fred Herron
NTEE Category
Code: T30 - Philanthropy
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