Overview
What is Tuscaloosa Rotary Memorial Foundation?
Tuscaloosa Rotary Memorial Foundation is a nonprofit organization situated in Tuscaloosa, Alabama, specifically at 1809 University Boulevard. Their primary mission is to contribute to community projects within Tuscaloosa County, support academic activities, aid individuals in need within the community, and honor military veterans through various programs. An essential aspect of their work involves providing educational scholarships to graduate students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Tuscaloosa Rotary Memorial Foundation demonstrates strong accountability and financial performance, particularly highlighted by its high program expense ratio of 98.93%, indicating that nearly all of its funds are directed towards its programs. Additionally, the foundation exhibits a well-structured governance model with a fully independent board, scoring the maximum points in both board member independence and size.
However, despite its strengths, the overall rating of 73% reflects some areas for improvement. While the foundation has a strong focus on program expenses, the relatively low score in the overall rating suggests there may be concerns in other areas that could be addressed to enhance its transparency and effectiveness. Users and donors may want to evaluate these factors when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Tuscaloosa Rotary Memorial Foundation legitimate?
Tuscaloosa Rotary Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tuscaloosa Rotary Memorial 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.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Tuscaloosa Rotary Memorial Foundation?
The Tuscaloosa Rotary Memorial Foundation's mission is centered around supporting various community projects in Tuscaloosa County. This includes providing assistance to individuals in need and backing scholastic activities. Furthermore, the foundation is committed to honoring military veterans by supporting programs that pay tribute to their service. Apart from this, the foundation also offers educational scholarship programs for graduate students.
Who is the CEO of Tuscaloosa Rotary Memorial Foundation?
Charles Nash is the President of Tuscaloosa Rotary Memorial Foundation.
What is the revenue of Tuscaloosa Rotary Memorial Foundation?
Tuscaloosa Rotary Memorial Foundation's revenue in 2022 was $20,824.
Who are the executives of Tuscaloosa Rotary Memorial Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Tuscaloosa Rotary Memorial Foundation?
Tuscaloosa Rotary Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tuscaloosa Rotary Memorial Foundation
The Tuscaloosa Rotary Memorial Foundation is committed to supporting various community projects within Tuscaloosa County. Beyond this, the organization also extends its support to scholastic activities, providing assistance to individuals in need within the community. Furthermore, the foundation is dedicated to honoring military veterans by supporting programs that pay tribute to their service. In essence, the Tuscaloosa Rotary Memorial Foundation's mission is multifaceted, aiming to foster community development, academic growth, and the recognition of military veterans' contributions.
In line with its mission, the foundation has established educational scholarship programs specifically for graduate students. This initiative underscores its commitment to nurturing academic excellence and empowering individuals to pursue higher education, thereby contributing to the community's intellectual and economic growth. By supporting community projects, scholastic activities, and programs honoring military veterans, the Tuscaloosa Rotary Memorial Foundation plays a significant role in uplifting its community and promoting a sense of unity and appreciation for its heroes.
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Impact
August, 2024
The Tuscaloosa Rotary Memorial Foundation plays a vital role in supporting community projects in Tuscaloosa County, assisting individuals in need, and honoring military veterans. Through its educational scholarship programs for graduate students, the foundation is paving the way for the future leaders of Tuscaloosa. By focusing on scholastic activities and community improvement initiatives, the foundation is making a tangible impact on the lives of residents in Tuscaloosa, Alabama. Its commitment to supporting various programs reflects a dedication to enhancing the overall well-being and prosperity of the community.
This information is meant to be a general summary of Tuscaloosa Rotary Memorial 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 2022.
- Investment Income: $1,306
- Gross Receipts: $20,824
Assets and Liabilities:
- Total Assets: $207,058
- Total Liabilities: $0
- Net Assets: $207,058
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Organization Details
Phone
(205) 349-2424Principal Officer
Charles Nash
Main Address
1809 UNIVERSITY BLVD, TUSCALOOSA, AL, 35401
NTEE Category
Code: S800 - Community improvement
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