Overview
What is Bethesda Chevy Chase Rotary Club Foundation Inc?
Bethesda Chevy Chase Rotary Club Foundation Inc is a nonprofit organization primarily located in Bethesda, Maryland. Their primary mission is to raise funds for charities and programs aimed at assisting the underprivileged, sick, and arts communities, primarily within the Bethesda-Chevy Chase area. Through their efforts, they support various community initiatives in this region.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Bethesda Chevy Chase Rotary Club Foundation Inc has received a low rating of 53%, reflecting significant concerns regarding its governance and transparency. The organization scores particularly poorly in areas such as board independence, with no independent board members, and missing essential policies, including conflict of interest and whistleblower protections. Despite these shortcomings, it has reported no diversion of assets and maintains a commendable liabilities to assets ratio.
Strengths include a perfect program expense ratio, indicating that all of its expenditures are directed towards its programs. Additionally, the organization has documented board meeting minutes, which suggests some level of operational transparency. However, the absence of a functional website and missing essential policies severely limits its accountability and may raise concerns among potential donors and stakeholders.
Overall, while the foundation demonstrates a commitment to program spending, its lack of independent oversight and transparency policies may hinder trust and support from the broader community. Potential donors should consider these factors when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Bethesda Chevy Chase Rotary Club Foundation Inc legitimate?
Bethesda Chevy Chase Rotary Club Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethesda Chevy Chase Rotary Club 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.none
What is the mission statement of Bethesda Chevy Chase Rotary Club Foundation Inc?
The Bethesda Chevy Chase Rotary Club Foundation Inc's mission is centered around supporting community charities and programs that aid those in need, particularly the poor, ill, and those involved in the arts. Their primary objective is to raise funds to assist these initiatives within the Bethesda-Chevy Chase area of Maryland. The foundation's activities aim to make a positive impact on the local community by providing essential support to various charitable endeavors.
Official website here: www.none
Who is the CEO of Bethesda Chevy Chase Rotary Club Foundation Inc?
Arnie Lerman is the President of Bethesda Chevy Chase Rotary Club Foundation Inc.
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What is the revenue of Bethesda Chevy Chase Rotary Club Foundation Inc?
Bethesda Chevy Chase Rotary Club Foundation Inc's revenue in 2022 was $42,871.
Official website here: www.none
Who are the executives of Bethesda Chevy Chase Rotary Club Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Bethesda Chevy Chase Rotary Club Foundation Inc
Bethesda Chevy Chase Rotary Club Foundation Inc is dedicated to supporting various community charities and programs that primarily aid the poor, ill, and those involved in the arts. This nonprofit organization's mission is to raise funds to assist these causes within their local community, focusing on the Bethesda - Chevy Chase area in Maryland. By providing financial support to these charities and programs, Bethesda Chevy Chase Rotary Club Foundation Inc works towards improving the lives of those in need and enriching the local community through arts and culture.
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Impact
August, 2024
Bethesda Chevy Chase Rotary Club Foundation Inc has a significant impact on the Bethesda-Chevy Chase area of Maryland by supporting community charities and programs focused on helping the poor, ill, and arts predominantly. Through raising funds and allocating resources, this organization plays a crucial role in addressing the needs of vulnerable populations and fostering cultural enrichment in the local community. Their philanthropic efforts contribute to improving the quality of life for those in need and promoting the arts sector in the region.
This information is meant to be a general summary of Bethesda Chevy Chase Rotary Club 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: $10,293
- Gross Receipts: $42,871
Assets and Liabilities:
- Total Assets: $419,604
- Total Liabilities: $0
- Net Assets: $419,604
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Organization Details
Founding Year
1970
Phone
(301) 664-4612Principal Officer
Arnie Lerman
Main Address
PO BOX 342113, BETHESDA, MD, 20827
Website
www.noneNTEE Category
Code: T30 - Philanthropy
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