Overview
What is Medford Rotary Foundation Inc?
Medford Rotary Foundation Inc, based in Medford, Oregon, is a nonprofit organization primarily known for granting funds to local high schools. These grants are utilized to offer scholarships to graduating seniors, enabling them to pursue higher education. The foundation's mission extends beyond this, as it also awards smaller grants to support various youth activities in the area. The foundation's primary objective is to contribute to the education and development of young individuals in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Medford Rotary Foundation Inc has received a rating of 73%, which translates to a two-star rating. This score reflects solid performance in several areas, particularly in governance, with a fully independent board and effective management of assets. The organization demonstrates a high program expense ratio of 94.27%, indicating a strong commitment to its mission and effective allocation of resources towards programs.
However, there are notable limitations in the foundation's accountability and transparency practices. The organization lacks a conflict of interest policy, whistleblower policy, and documented retention and destruction policies, which could raise concerns about governance practices. Additionally, the absence of a website listed on the tax form and posting the tax form on its website may hinder public access to important financial information, impacting stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Medford Rotary Foundation Inc legitimate?
Medford Rotary Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medford Rotary 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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What is the mission statement of Medford Rotary Foundation Inc?
The Medford Rotary Foundation Inc primarily awards grants to local high schools, enabling them to provide scholarships for students pursuing post-secondary education. Besides this, the foundation also provides smaller grants for various youth activities in the area. In the recent past, they have awarded grants to five local high schools for scholarship purposes and funded a Youth Leadership Academy. The foundation's primary mission is to support the educational aspirations of young individuals in the community.
Who is the CEO of Medford Rotary Foundation Inc?
Charlie Versteeg is the President of Medford Rotary Foundation Inc.
What is the revenue of Medford Rotary Foundation Inc?
Medford Rotary Foundation Inc's revenue in 2023 was $37,545.
Who are the executives of Medford Rotary Foundation Inc and what are their salaries?
There 20 volunteers at Medford Rotary Foundation Inc.
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Where can I find the form 990 for Medford Rotary Foundation Inc?
Medford Rotary Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Medford Rotary Foundation Inc
The Medford Rotary Foundation Inc primarily focuses on awarding grants to local area high schools. These grants are intended to be used by the schools to fund scholarships for graduating seniors who wish to pursue post-high school education. In addition to this, the foundation also provides smaller grants for various youth activities within the community. The primary mission of the Medford Rotary Foundation Inc is to support the educational aspirations of young individuals, providing them with the financial means to further their studies and build a brighter future for themselves.
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Impact
August, 2024
Medford Rotary Foundation Inc's impact is focused on empowering the local community by awarding grants to local high schools to fund scholarships for graduating seniors to pursue post-high school education. Additionally, the foundation provides smaller grants to other area youth activities, further enhancing educational and developmental opportunities for young individuals in the Medford area. Through its support, the foundation contributes to the growth and success of students, ensuring they have access to the necessary resources to pursue their academic and personal goals.
This information is meant to be a general summary of Medford 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 2023.
- Investment Income: $20,142
- Gross Receipts: $84,786
Assets and Liabilities:
- Total Assets: $742,215
- Total Liabilities: $615
- Net Assets: $741,600
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Organization Details
Founding Year
1962
Phone
(541) 690-8353Principal Officer
Charlie Versteeg
Main Address
PO BOX 811, MEDFORD, OR, 97501
NTEE Category
Code: S800 - Community improvement
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