Overview
What is Oak Ridge Rotary Community Fund?
The Oak Ridge Rotary Community Fund is a nonprofit organization based in Oak Ridge, Tennessee. Their primary mission is to support community projects that enhance the initiatives of the Oak Ridge Rotary Club and provide additional aid to local government and nonprofit agencies. They have been actively involved in restoration projects for historical markers and venues within the Oak Ridge community. The fund aims to directly contribute to the betterment of their local community by providing financial assistance for worthy causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Oak Ridge Rotary Community Fund has received a low rating of 53%, reflecting concerns regarding its accountability and financial practices. The absence of independent board members is a notable issue, with 0% of board members meeting this criterion. While the organization does not show any material diversion of assets and maintains a strong program expense ratio, several key policies and website disclosures are missing, which has adversely impacted its overall rating.
Strengths of the organization include an impressive program expense ratio of 99.32%, indicating that the vast majority of expenses are directed towards its programs rather than administrative costs. This suggests a commitment to serving its community effectively. However, the lack of basic governance policies such as a conflict of interest policy and a whistleblower policy raises questions about transparency and accountability.
Overall, while the Oak Ridge Rotary Community Fund demonstrates a strong focus on program delivery, significant shortcomings in governance practices and transparency hinder its effectiveness as a trusted nonprofit organization. Improvements in these areas are essential for the organization to enhance its credibility and ensure better oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Oak Ridge Rotary Community Fund legitimate?
Oak Ridge Rotary Community Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Ridge Rotary Community 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
What is the mission statement of Oak Ridge Rotary Community Fund?
The Oak Ridge Rotary Community Fund's mission is to offer funding for community projects that significantly enhance the impact of the Oak Ridge Rotary Club's community service initiatives. Additionally, the fund provides extra support to local government and non-profit organizations within the community. This organization aims to contribute to various community service projects, such as the restoration of historical markers and venues. The primary goal is to strengthen and uplift the community by providing financial aid to initiatives that align with the Oak Ridge Rotary Club's objectives.
Who is the CEO of Oak Ridge Rotary Community Fund?
Robert Scott Smith is the President of Oak Ridge Rotary Community Fund.
What is the revenue of Oak Ridge Rotary Community Fund?
Oak Ridge Rotary Community Fund's revenue in 2023 was $36,338.
Who are the executives of Oak Ridge Rotary Community Fund and what are their salaries?
There 25 volunteers at Oak Ridge Rotary Community Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Oak Ridge Rotary Community Fund?
Oak Ridge Rotary Community Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oak Ridge Rotary Community Fund
The Oak Ridge Rotary Community Fund is dedicated to supporting community projects that enhance the efforts of the Oak Ridge Rotary Club in their community service endeavors. By providing funding, this organization aims to offer additional assistance to local government and not-for-profit agencies within the community. This mission is a testament to the Rotary Club's commitment to bettering their local area and ensuring that necessary resources are available to those who need them.
In line with their mission, the Oak Ridge Rotary Community Fund engages in various community service projects. One such project involves the restoration of historical markers and venues within Oak Ridge, Tennessee. This effort not only preserves the region's heritage but also contributes to the overall appeal and cultural significance of the community. By investing in these projects, the Oak Ridge Rotary Community Fund plays a pivotal role in enriching the community and fostering a sense of pride and connection among its residents.
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Impact
August, 2024
The Oak Ridge Rotary Community Fund directly impacts the local community by providing funding for community projects that enhance the efforts of the Oak Ridge Rotary Club. This support extends to local government and nonprofit agencies in Oak Ridge, Tennessee. The fund focuses on community service projects such as the restoration of historical markers and venues in the city, contributing to the overall improvement and preservation of the community.
This information is meant to be a general summary of Oak Ridge Rotary Community 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 2023.
- Investment Income: $50
- Gross Receipts: $58,224
Assets and Liabilities:
- Total Assets: $57,075
- Total Liabilities: $0
- Net Assets: $57,075
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Organization Details
Founding Year
2004
Phone
(865) 483-0060Principal Officer
Robert Scott Smith
Main Address
PO BOX 6331, OAK RIDGE, TN, 378316331
NTEE Category
Code: S12 - Community improvement
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