Overview
What is Ridgewood Rotary Foundation Inc?
Ridgewood Rotary Foundation Inc, located in Ridgewood, New Jersey, serves as a community service organization. Their primary mission is to extend financial aid and scholarships to individuals and charitable organizations in need. This nonprofit is dedicated to making a positive impact in their local community by offering essential support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Ridgewood Rotary Foundation Inc has earned a Three-Star rating from Charity Navigator, indicating a strong performance primarily in accountability and finance. The foundation scored well across various criteria, reflecting a commitment to transparency and effective financial management. This score is derived solely from its accountability and finance metrics, highlighting the organization's focus on these essential areas.
Strengths of the foundation include a fully independent board, with all members (10 out of 10 points) meeting criteria for independence, and a size that allows for effective governance (6 independent members). The organization has demonstrated no material diversion of assets and successfully documents board meeting minutes, which contributes positively to its accountability score. Additionally, the foundation maintains a low liabilities-to-assets ratio of 0.00%, indicating a solid financial standing.
However, the rating reflects that the overall score is based on a single beacon score, which may suggest limited insights into other operational aspects beyond accountability and finance. While the financial health appears robust, potential donors might find it beneficial to seek additional information regarding the foundation's overall impact and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Ridgewood Rotary Foundation Inc legitimate?
Ridgewood Rotary Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgewood Rotary Foundation Inc submitted a form 990EZ, 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.
What is the mission statement of Ridgewood Rotary Foundation Inc?
The Ridgewood Rotary Foundation, being a community service organization, is committed to its mission of offering financial aid and scholarships to individuals and charities in need. The foundation aims to contribute positively to the community by providing essential support, thereby enhancing the lives of those in need. By offering scholarships, the foundation empowers individuals to pursue their educational goals, and through financial assistance to charities, it contributes to the overall welfare of the community. The foundation serves as a beacon of hope and support for those in need, working tirelessly to make a difference in people's lives.
Who is the CEO of Ridgewood Rotary Foundation Inc?
Lisa Sammataro is the President of Ridgewood Rotary Foundation Inc.
What is the revenue of Ridgewood Rotary Foundation Inc?
Ridgewood Rotary Foundation Inc's revenue in 2022 was $55,685.
Who are the executives of Ridgewood Rotary Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for Ridgewood Rotary Foundation Inc?
Ridgewood Rotary Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Ridgewood Rotary Foundation Inc
The Ridgewood Rotary Foundation is a community-focused organization with a mission to extend financial aid and scholarships to individuals and charitable entities in need. Their primary objective is to offer assistance to those who are financially struggling, contributing to a more compassionate and supportive society. By providing this support, the Ridgewood Rotary Foundation aims to positively impact the lives of those in need, fostering a sense of community and shared responsibility.
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Impact
August, 2024
Ridgewood Rotary Foundation Inc's impact is significant in providing scholarships and financial support to individuals and charities in need in Ridgewood, NJ. Their mission is centered around supporting education and community service initiatives, making a positive difference in the lives of those they assist. Through their efforts, they contribute to the betterment of the community and help individuals achieve their educational and charitable goals.
This information is meant to be a general summary of Ridgewood 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 2022.
- Investment Income: $7,615
- Gross Receipts: $70,443
Assets and Liabilities:
- Total Assets: $484,977
- Total Liabilities: $0
- Net Assets: $484,977
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Organization Details
Phone
(201) 447-0185Principal Officer
Lisa Sammataro
Main Address
PO BOX 1152, RIDGEWOOD, NJ, 07450
NTEE Category
Code: B82 - Education
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