Overview
What is Paramus Rotary Club Foundationinc?
The Paramus Rotary Club Foundationinc is a charitable organization located in an unspecified location. Its primary focus includes awarding scholarships and contributing to various community initiatives. The foundation also manages a local peace park and supports a nonprofit dedicated to addressing drug and alcohol addiction. Moreover, the Paramus Rotary Club Foundationinc extends its philanthropic efforts to other local causes and offers diagnostic heart scans to incoming freshman students at nearby high schools, aiming to promote their health and wellbeing.
Official website here: www.paramusrotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Paramus Rotary Club Foundationinc has received a rating of 76%, indicating a decent level of accountability and financial management. This score reflects the charity's strengths in maintaining a fully independent board and having no material diversion of assets, which are critical indicators of organizational integrity. The rating is derived entirely from the Accountability & Finance beacon, suggesting a concentrated focus on these areas.
Strengths of the organization include a high program expense ratio of 94.44%, indicating that the majority of funds are directed towards its programs rather than administrative costs. The charity also scores well on its liabilities to assets ratio at 5.48%, demonstrating sound financial health. Additionally, the board's structure, with all members being independent, supports the foundation’s governance.
However, there are notable limitations in the charity's governance policies, particularly the absence of a conflict of interest policy, a whistleblower policy, and a document retention policy, which were all rated poorly. These gaps could pose challenges in transparency and accountability. Overall, while the Paramus Rotary Club Foundationinc shows strong financial management, addressing its governance policy deficiencies would enhance its operational credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Paramus Rotary Club Foundationinc legitimate?
Paramus Rotary Club Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramus Rotary Club Foundationinc 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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Official website here: www.paramusrotary.org
What is the mission statement of Paramus Rotary Club Foundationinc?
The Paramus Rotary Club Foundation's mission revolves around providing scholarships and contributing to local philanthropic efforts. Beyond this, they maintain a peace park in the community and support a foundation dedicated to addressing drug and alcohol addiction. Moreover, the Foundation offers diagnostic heart scans to incoming freshmen in local high schools, aiming to promote health and wellness among the youth.
Official website here: www.paramusrotary.org
Who is the CEO of Paramus Rotary Club Foundationinc?
Frederick K Rohdieck is the Chairman of Paramus Rotary Club Foundationinc.
Official website here: www.paramusrotary.org
What is the revenue of Paramus Rotary Club Foundationinc?
Paramus Rotary Club Foundationinc's revenue in 2023 was $32,484.
Official website here: www.paramusrotary.org
Who are the executives of Paramus Rotary Club Foundationinc and what are their salaries?
There 60 volunteers at Paramus Rotary Club Foundationinc.
Here are 8 key members and their salaries:
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Official website here: www.paramusrotary.org
Where can I find the form 990 for Paramus Rotary Club Foundationinc?
Paramus Rotary Club Foundationinc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.paramusrotary.org
Learn more at the official website: www.paramusrotary.org
Mission Statement of Paramus Rotary Club Foundationinc
The Paramus Rotary Club Foundation, a nonprofit organization, is primarily focused on granting scholarships to individuals in need. Beyond this, the foundation also invests in other local philanthropic efforts and maintains a local peace park as part of its mission. Moreover, the foundation supports a foundation dedicated to the treatment and prevention of drug and alcohol addiction. In addition to these initiatives, the Paramus Rotary Club Foundation provides diagnostic heart scans to students entering their freshman year at local high schools, aiming to promote the overall health and well-being of the community's youth.
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Impact
August, 2024
Paramus Rotary Club Foundationinc's impact is significant in the community of Paramus, NJ. They provide valuable scholarships to deserving individuals, maintain a local peace park, support initiatives for drug and alcohol addiction treatment and prevention, and engage in various philanthropic efforts. Additionally, the Foundation plays a crucial role in the health of local high school students by providing diagnostic heart scans to incoming freshmen. The Foundation's work touches many aspects of community welfare, making a positive difference in the lives of individuals in Paramus.
This information is meant to be a general summary of Paramus Rotary Club Foundationinc. 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: $6,703
- Gross Receipts: $32,484
Assets and Liabilities:
- Total Assets: $547,015
- Total Liabilities: $30,000
- Net Assets: $517,015
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Organization Details
Founding Year
1992
Phone
(201) 689-6000Principal Officer
Frederick K Rohdieck
Main Address
PO BOX 1003, PARAMUS, NJ, 076531003
Website
www.paramusrotary.orgNTEE Category
Code: B82P - Education
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