Overview
What is Sandpoint Rotary Charitable Trust Inc?
Sandpoint Rotary Charitable Trust Inc, located in Sandpoint, Idaho, is a nonprofit organization that primarily focuses on grant distribution. They provide financial aid to local school districts for educational purposes and other eligible 501(C)(3) organizations on a project-by-project basis. The organization's mission extends beyond education, aiming to support the overall development of children in the community and region. To foster growth, they also offer scholarships to individual students based on a standard application process administered by the high school. Furthermore, they provide goods, services, or funds to other 501(C)(3) organizations and public educational entities, aiming to empower all children to reach their full potential.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (60%)
The Sandpoint Rotary Charitable Trust Inc has received a two-star rating from Charity Navigator, indicating a "Needs Improvement" status. This score reflects the organization's performance in key areas, particularly in accountability and finance, where it has a score of 60%. Although the charity boasts a fully independent board, which is a strong point, concerns arise from its high liabilities to assets ratio of 67.84%, suggesting potential financial risks.
One of the charity's notable strengths is its program expense ratio of 96.95%, indicating that a significant majority of its expenses go directly towards its programs. The organization also demonstrates good governance practices, as it documents board meeting minutes and has no material diversion of assets. These factors contribute positively to its transparency and overall accountability.
However, the financial ratios indicate areas that require attention. The high liabilities to assets ratio may pose challenges for the charity's sustainability in the long term. Overall, while the Sandpoint Rotary Charitable Trust Inc has effective management practices, it faces financial hurdles that could impact its operational effectiveness moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Sandpoint Rotary Charitable Trust Inc legitimate?
Sandpoint Rotary Charitable Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sandpoint Rotary Charitable Trust 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 Sandpoint Rotary Charitable Trust Inc?
The mission of Sandpoint Rotary Charitable Trust Inc is centered around supporting the growth and potential of children within the community and region. They accomplish this by providing scholarships to individual students, following a standard application process administered by the high school. Additionally, they offer goods, services, or funds to other 501(C)(3) or public educational entities. Beyond scholarships, the trust also grants funds for educational purposes to local school districts and provides project-based support to other eligible 501(C)(3) organizations. In essence, the mission of Sandpoint Rotary Charitable Trust Inc is to empower and nurture the development of all children in their community, enabling them to reach their highest potential.
Who is the CEO of Sandpoint Rotary Charitable Trust Inc?
Chris Chambers is the President of Sandpoint Rotary Charitable Trust Inc.
What is the revenue of Sandpoint Rotary Charitable Trust Inc?
Sandpoint Rotary Charitable Trust Inc's revenue in 2022 was $148,563.
Who are the executives of Sandpoint Rotary Charitable Trust Inc and what are their salaries?
There 90 volunteers at Sandpoint Rotary Charitable Trust Inc.
Here are 18 key members and their salaries:
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Where can I find the form 990 for Sandpoint Rotary Charitable Trust Inc?
Sandpoint Rotary Charitable Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sandpoint Rotary Charitable Trust Inc
Sandpoint Rotary Charitable Trust Inc is committed to supporting the growth and development of all children within their community and region. The organization achieves this mission by providing scholarships to individual students based on a standard application process administered by their high school. These scholarships aim to help deserving students reach their full potential.
Beyond scholarships, Sandpoint Rotary Charitable Trust Inc also extends its support to other 501(c)(3) nonprofit organizations and public educational entities. They offer goods, services, or funds on a project-by-project basis to these organizations, contributing to their various initiatives. This unwavering dedication to community support also extends to local school districts, where they provide grants for educational purposes.
By providing scholarships and supporting various organizations, Sandpoint Rotary Charitable Trust Inc plays a vital role in empowering young minds and improving the overall well-being of children in the community. Their mission is a testament to their commitment to fostering a bright future for the next generation.
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Impact
October, 2024
Sandpoint Rotary Charitable Trust Inc significantly impacts the local community by providing financial support through scholarships that empower students to pursue their educational goals. By administering a standard application process in conjunction with local high schools, the Trust ensures that deserving individuals receive the assistance they need to succeed.
Additionally, the Trust allocates grants to local school districts, enabling them to enhance educational programs and resources. This support extends beyond scholarships, as it also provides goods, services, and funds to other educational entities, thereby enriching the learning environment not just for select students, but for the entire community.
The overarching mission is to support all children in the region, fostering an environment where they can reach their highest potential. This sustained commitment to education and community well-being demonstrates a profound dedication to nurturing the next generation, helping them flourish academically and socially.
This information is meant to be a general summary of Sandpoint Rotary Charitable Trust 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.
- Gross Receipts: $221,330
Assets and Liabilities:
- Total Assets: $158,377
- Total Liabilities: $105,350
- Net Assets: $53,027
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Organization Details
Founding Year
2009
Principal Officer
Chris Chambers
Main Address
PO BOX 1666, SANDPOINT, ID, 83864
NTEE Category
Code: T30 - Philanthropy
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