Overview
What is Lafayette Rotary Club Foundation Inc?
Lafayette Rotary Club Foundation Inc is a nonprofit organization situated in West Lafayette, Indiana. They are dedicated to raising funds to support 501(C)3 organizations and cater to the local community's programmatic needs. One of their notable initiatives is the Backpack Project, which aims to alleviate food insecurity for children in need. Collaborating with Food Finders Organization, they provide backpacks filled with food, following a predetermined menu and guidelines. The Club also works with Kroger Company to secure milk coupons. Over a period of 35 weeks, approximately 1000 volunteer hours were invested in this project, assisting about 84 families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating).
The Lafayette Rotary Club Foundation Inc has received an impressive 94% score, indicative of its strong accountability and finance practices. This high rating is a result of a comprehensive evaluation focusing solely on its financial management. Such a score reflects the organization’s commitment to transparency and responsible stewardship of resources.
The foundation demonstrates a well-structured governance model with 100% independent board members, ensuring unbiased decision-making. It has also established robust policies, including those for conflict of interest and whistleblower protections, contributing to its high scores in accountability measures. With a program expense ratio of 83.79%, a significant portion of its funding is directed towards its programs, further showcasing its mission-driven focus.
While the Lafayette Rotary Club Foundation's financial health appears solid, with no liabilities reported against its assets, it is crucial to maintain this momentum. Continuous evaluation and adjustment of practices will help sustain its impressive standing in the nonprofit community. Overall, the foundation is positioned as a reliable player in its sector, dedicated to effective use of funds for community benefit.
This AI summary has been generated from information found on Charity Navigator.
Is Lafayette Rotary Club Foundation Inc legitimate?
Lafayette Rotary Club Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette 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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Other Salaries and Wages: $0
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What is the mission statement of Lafayette Rotary Club Foundation Inc?
The Lafayette Rotary Club Foundation Inc's mission is centered around raising funds to support various 501(c)3 organizations and contribute to programs essential for the local community. They invest their resources in initiatives aimed at addressing community needs. One of their notable projects is the Backpack Project, which provides food assistance to children in need. They collaborate with organizations like Food Finders, following their guidelines, and have partnered with entities such as Kroger to offer milk coupons. Through volunteer efforts, the foundation has been able to support approximately 84 families with backpacks filled with food over a period of 35 weeks, investing around 1000 volunteer hours.
Who is the CEO of Lafayette Rotary Club Foundation Inc?
Dave Luhman is the President of Lafayette Rotary Club Foundation Inc.
What is the revenue of Lafayette Rotary Club Foundation Inc?
Lafayette Rotary Club Foundation Inc's revenue in 2022 was $9,928.
Who are the executives of Lafayette Rotary Club Foundation Inc 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 Lafayette Rotary Club Foundation Inc?
Lafayette Rotary Club Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lafayette Rotary Club Foundation Inc
The Lafayette Rotary Club Foundation Inc is committed to raising funds to support various 501(c)3 organizations and fund programs necessary for the local community. One of their initiatives is the Backpack Project, a program aimed at providing food for children in need within their homes. The Foundation collaborates with organizations like Food Finders, who provide the menu and guidelines, and partners with companies such as Kroger to offer milk coupons. Over the course of 35 weeks, they mobilize approximately 1000 volunteer hours, assisting around 84 families with backpacks filled with food. This project underscores the Foundation's mission to contribute to the well-being of the community by supporting organizations that address pressing local needs.
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Impact
August, 2024
The Lafayette Rotary Club Foundation Inc's impact can be seen through their Backpack Project, a program designed to provide food in the home environment for children in need. By working with the Food Finders organization and Kroger Company, the foundation has helped approximately 84 families by supplying backpacks with food, totaling around 1000 volunteer hours over 35 weeks. This initiative demonstrates the foundation's commitment to supporting the local community and improving the lives of those facing food insecurity.
This information is meant to be a general summary of Lafayette 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: -$113,165
- Gross Receipts: $9,928
Assets and Liabilities:
- Total Assets: $925,404
- Total Liabilities: $0
- Net Assets: $925,404
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Organization Details
Founding Year
1981
Principal Officer
Dave Luhman
Main Address
P O BOX 3923, WEST LAFAYETTE, IN, 47996
NTEE Category
Code: S80 - Community improvement
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