Overview
What is Kings Bay Rotary Charitable Foundation Inc?
Kings Bay Rotary Charitable Foundation Inc is a nonprofit organization situated in Crystal River, Florida. Its primary focus is on serving the local community, providing assistance to individuals in need by funding community organizations and offering scholarships to help secure essential life necessities. Additionally, the foundation extends its support to international projects and bolsters the charitable initiatives of Rotary International. By sponsoring community organizations and international projects, as well as collaborating with Rotary International, the foundation works diligently to improve the lives of people worldwide.
Official website here: www.kingsbayrotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Stars
The Kings Bay Rotary Charitable Foundation Inc has received a score of 83%, reflecting a solid performance in accountability and finance. The charity is recognized for its strong governance, with a fully independent board comprising seven members, and no material diversion of assets reported. Its program expense ratio is notably high at 97.06%, indicating that a significant portion of its resources is dedicated to its charitable programs.
However, there are areas for improvement, particularly concerning its policies. The organization is missing both a whistleblower policy and a document retention and destruction policy, which could enhance its accountability standards. While its financial management appears sound, the absence of these policies may raise concerns for some potential donors regarding the organization's transparency and risk management practices.
Overall, the Kings Bay Rotary Charitable Foundation has demonstrated effective financial stewardship and governance practices, but addressing the noted policy gaps could further strengthen its reputation and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Kings Bay Rotary Charitable Foundation Inc legitimate?
Kings Bay Rotary Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kings Bay Rotary Charitable 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.kingsbayrotary.org
What is the mission statement of Kings Bay Rotary Charitable Foundation Inc?
The Kings Bay Rotary Charitable Foundation Inc's mission is centered around funding community organizations and international projects, as well as supporting the charitable efforts of Rotary International. In essence, their purpose is to contribute financially to various initiatives that enhance the well-being of communities both locally and globally. The foundation also engages in local community service projects and offers scholarships to assist individuals in need, providing them with the basic necessities of life.
Official website here: www.kingsbayrotary.org
Who is the CEO of Kings Bay Rotary Charitable Foundation Inc?
Tom Gotterup is the President of Kings Bay Rotary Charitable Foundation Inc.
Official website here: www.kingsbayrotary.org
What is the revenue of Kings Bay Rotary Charitable Foundation Inc?
Kings Bay Rotary Charitable Foundation Inc's revenue in 2023 was $125,199.
Official website here: www.kingsbayrotary.org
Who are the executives of Kings Bay Rotary Charitable Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.kingsbayrotary.org
Where can I find the form 990 for Kings Bay Rotary Charitable Foundation Inc?
Kings Bay Rotary Charitable Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kingsbayrotary.org
Learn more at the official website: www.kingsbayrotary.org
Mission Statement of Kings Bay Rotary Charitable Foundation Inc
Kings Bay Rotary Charitable Foundation Inc's mission is centered around funding various community organizations and international projects, as well as supporting the charitable efforts of Rotary International. In simpler terms, this nonprofit organization is committed to contributing financially to initiatives that aim to improve local communities and make a global impact. Their mission is geared towards providing monetary support to projects that align with Rotary International's charitable objectives.
Beyond funding, Kings Bay Rotary Charitable Foundation Inc also engages in local community service projects and offers scholarships to individuals in need. These initiatives are designed to help those struggling with the basic necessities of life. By providing financial assistance, the foundation plays a significant role in supporting various community projects and uplifting those in need. In essence, the organization's mission is to contribute to the betterment of communities both locally and internationally, as well as to empower individuals through educational scholarships.
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Impact
October, 2024
Kings Bay Rotary Charitable Foundation Inc significantly impacts the Crystal River community and beyond by funding essential community organizations and international projects. Through local service initiatives and scholarships, the foundation assists individuals in need of basic necessities, fostering a spirit of support and care within the community. By aligning with the charitable efforts of Rotary International, the foundation amplifies its reach, contributing to both domestic and global needs. This dedication to philanthropy enriches lives, encourages volunteerism, and strengthens community ties, creating a positive ripple effect that benefits many.
This information is meant to be a general summary of Kings Bay Rotary Charitable 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: $999
- Gross Receipts: $225,013
Assets and Liabilities:
- Total Assets: $230,225
- Total Liabilities: $98,492
- Net Assets: $131,733
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Organization Details
Founding Year
2006
Principal Officer
Tom Gotterup
Main Address
PO BOX 27, CRYSTAL RIVER, FL, 34423
Website
www.kingsbayrotary.orgNTEE Category
Code: T30 - Philanthropy
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