Overview
What is Prior Lake Rotary Foundation?
The Prior Lake Rotary Foundation is a charitable organization situated in Prior Lake, Minnesota. Its purpose aligns with Rotary International's mission, supporting various activities in the fields of charitable, environmental, humanitarian, educational, and scientific endeavors worldwide. The foundation conducts the Lakefront Music Fest, generating funds through concessions, ticket sales, and sponsorships. The core mission of the Prior Lake Rotary Foundation is to improve the quality of life in the local area and beyond, fostering service, civic engagement, and meaningful partnerships.
Official website here: www.priorlakerotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
The Prior Lake Rotary Foundation has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. With an overall score of 88%, the organization demonstrates strengths in areas such as its independent board composition and financial oversight, achieving perfect scores in several categories including the majority of independent board members and the audit and oversight committee.
However, there are some areas for improvement. The foundation is lacking in key policies such as a whistleblower policy and a document retention and destruction policy, both of which received zero points. Additionally, the absence of its tax form posted on the nonprofit's website may hinder transparency and accessibility for potential donors or interested parties.
Despite these limitations, the Prior Lake Rotary Foundation showcases a strong program expense ratio of 89.71%, suggesting that a significant portion of its budget is directed toward its programs rather than administrative costs. Overall, the foundation exhibits a robust commitment to accountability but could benefit from enhancing its governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Prior Lake Rotary Foundation legitimate?
Prior Lake Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prior Lake Rotary 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.priorlakerotary.org
What is the mission statement of Prior Lake Rotary Foundation?
The Prior Lake Rotary Foundation's mission is centered around enhancing the quality of life for individuals, not just in the local Prior Lake area, but on a global scale. They achieve this goal through service, civic engagement, and meaningful partnerships. The foundation actively supports charitable, environmental, humanitarian, educational, and scientific activities that align with the mission of Rotary International and the Rotary Foundation. They raise funds for these causes through events like the Lakefront Music Festival, generating revenue through concessions, ticket sales, and sponsorships.
Official website here: www.priorlakerotary.org
Who is the CEO of Prior Lake Rotary Foundation?
Mitch Popple is the Chair of Prior Lake Rotary Foundation.
Official website here: www.priorlakerotary.org
What is the revenue of Prior Lake Rotary Foundation?
Prior Lake Rotary Foundation's revenue in 2022 was $798,859.
Official website here: www.priorlakerotary.org
Who are the executives of Prior Lake Rotary Foundation and what are their salaries?
There 1000 volunteers at Prior Lake Rotary Foundation.
Here are 7 key members and their salaries:
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Official website here: www.priorlakerotary.org
Where can I find the form 990 for Prior Lake Rotary Foundation?
Prior Lake Rotary Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.priorlakerotary.org
Learn more at the official website: www.priorlakerotary.org
Mission Statement of Prior Lake Rotary Foundation
The Prior Lake Rotary Foundation, as a charitable organization, is committed to enhancing the quality of life for individuals in various regions, including the Prior Lake area and beyond. They achieve this mission through service, civic engagement, and meaningful partnerships. The foundation's efforts are directed towards supporting a wide range of activities that align with the objectives of Rotary International and the Rotary Foundation. These activities span charitable, environmental, humanitarian, educational, and scientific sectors, aiming to make a positive impact on communities both locally and internationally. By conducting events such as the Lakefront Music Fest and generating revenue through concessions, ticket sales, and sponsorships, the Prior Lake Rotary Foundation is able to contribute financially to these worthy causes.
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Impact
October, 2024
The Prior Lake Rotary Foundation significantly enhances the quality of life for residents in the Prior Lake area and beyond through targeted philanthropic efforts. By organizing events like the Lakefront Music Fest, the foundation generates essential revenue through concessions, ticket sales, and sponsorships. This funding supports a broad range of initiatives that align with Rotary International's mission, encompassing charitable, environmental, humanitarian, educational, and scientific activities.
The foundation's impact extends locally and globally, fostering community engagement and facilitating meaningful partnerships that empower individuals and address pressing issues. Through their commitment to service and civic involvement, they play a vital role in creating positive change for people both in Prior Lake and around the world.
This information is meant to be a general summary of Prior Lake Rotary 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: $51,838
- Gross Receipts: $3,183,137
Assets and Liabilities:
- Total Assets: $2,910,528
- Total Liabilities: $948,774
- Net Assets: $1,961,754
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Organization Details
Founding Year
2009
Phone
(651) 452-8256Principal Officer
Mitch Popple
Main Address
PO BOX 271, PRIOR LAKE, MN, 55372
Website
www.priorlakerotary.orgNTEE Category
Code: T30 - Philanthropy
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