Overview
What is Allentown Rotary Club Foundation?
Allentown Rotary Club Foundation is a charitable organization situated in Allentown, Pennsylvania. Its primary mission includes awarding annual college scholarships to graduating seniors from local high schools, as well as granting funds to charitable organizations within its service area. Furthermore, the foundation provides monetary support for the direct charitable activities of the Rotary Club of Allentown and Rotary International. By offering scholarships and supporting local organizations, Allentown Rotary Club Foundation aims to contribute positively to the community and empower the next generation of leaders.
Official website here: www.allentownrotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
The Allentown Rotary Club Foundation has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and finance management. The score of 76% is derived solely from the Accountability & Finance beacon, reflecting the charity's strong governance practices and financial health.
Key strengths of the organization include a fully independent board of directors, with 100% of its 12 members being independent. Additionally, there have been no reported issues with asset diversion, and the foundation maintains an impressive program expense ratio of 99.81%, signifying that nearly all funds are directed towards its charitable programs. The organization also effectively documents board meeting minutes and lists its website on its tax forms, enhancing transparency.
While the charity shows strong financial health and governance, the overall rating does not incorporate other potential performance metrics beyond the financial aspects. This singular focus may limit a complete understanding of the charity’s overall impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Allentown Rotary Club Foundation legitimate?
Allentown Rotary Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allentown Rotary Club 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.
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Official website here: www.allentownrotary.org
What is the mission statement of Allentown Rotary Club Foundation?
The Allentown Rotary Club Foundation's mission is centered around awarding annual college scholarships to graduating high school seniors and providing financial assistance to charitable organizations within its service area. Additionally, the foundation offers monetary support for the direct charitable activities of the Rotary Club of Allentown and Rotary International. By doing so, the foundation aims to contribute to the betterment of the community and support the education of young individuals. The foundation has provided scholarships to various colleges and universities, including Lehigh University, Muhlenberg College, Kings College, Bucknell University, and Kutztown University.
Official website here: www.allentownrotary.org
What is the revenue of Allentown Rotary Club Foundation?
Allentown Rotary Club Foundation's revenue in 2024 was $60,923.
Official website here: www.allentownrotary.org
Who are the executives of Allentown Rotary Club Foundation and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.allentownrotary.org
Where can I find the form 990 for Allentown Rotary Club Foundation?
Allentown Rotary Club Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.allentownrotary.org
Learn more at the official website: www.allentownrotary.org
Mission Statement of Allentown Rotary Club Foundation
The Allentown Rotary Club Foundation, an esteemed organization, carries out its mission in several ways. Primarily, it awards annual college scholarships to deserving graduating seniors from high schools within Allentown, Pennsylvania. These scholarships are then utilized at renowned institutions such as Lehigh University, Muhlenberg College, Kings College, Bucknell University, and Kutztown University.
Beyond this, the foundation also extends its support to charitable organizations operating within the service area of the Rotary Club of Allentown. This involves granting funds to these organizations, thereby contributing to their noble causes. Additionally, the Allentown Rotary Club Foundation provides monetary assistance for the direct charitable activities of the Rotary Club of Allentown and Rotary International as a whole. In essence, the foundation plays a significant role in supporting education and charitable endeavors within its community.
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Impact
October, 2024
The Allentown Rotary Club Foundation creates a meaningful impact by providing essential support through various initiatives aimed at uplifting the community. Each year, they award competitive college scholarships to graduating seniors from high schools in Allentown, helping to pave the way for higher education and future success.
In addition to education-focused efforts, the foundation allocates cash grants to local charitable organizations, enhancing the overall welfare of the service area. This financial assistance allows these organizations to better serve the community's needs. Furthermore, the foundation supports the direct charitable activities of both the Rotary Club of Allentown and Rotary International, furthering the mission of community improvement.
Through scholarships, grants, and direct support, the foundation fosters growth, opportunity, and a spirit of collaboration, significantly enriching the lives of individuals and the larger Allentown community.
This information is meant to be a general summary of Allentown Rotary Club 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 2024.
- Investment Income: $56,484
- Gross Receipts: $60,923
Assets and Liabilities:
- Total Assets: $830,638
- Total Liabilities: $3,628
- Net Assets: $827,010
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Organization Details
Founding Year
1969
Principal Officer
Carl Henzelman
Website
www.allentownrotary.orgNTEE Category
Code: S80 - Community improvement
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