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Rotary Club Of Newport News Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 274740476 ✦ Newport news, VA ✦ Designated as a 501(c)(3)

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Overview

What is Rotary Club Of Newport News Foundation?

The Rotary Club of Newport News Foundation is a charitable organization, headquartered unspecified, that is dedicated to serving its community. Their primary objective is to allocate funds to organizations that fall under the category of exempt organizations as per the Internal Revenue Code of 1986. These funds, whether generated through income, principal, or contributions, are all channeled towards charitable purposes. The foundation supports its community by making charitable donations to various 501(c)(3) organizations, thereby contributing to their mission and cause.

Is Rotary Club Of Newport News Foundation legitimate?

Rotary Club Of Newport News Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Of Newport News Foundation submitted a form 990EZ, 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.

What is the mission statement of Rotary Club Of Newport News Foundation?

The Rotary Club of Newport News Foundation is organized with a charitable purpose, dedicating its resources to support organizations that fall under the category of exempt organizations as per the Internal Revenue Code. All funds, whether earned through contributions or otherwise, are intended for these charitable purposes. The foundation's objective is to contribute to the community by making charitable gifts to qualified 501(c)(3) organizations.

Who is the CEO of Rotary Club Of Newport News Foundation?

Cathy Shields is the President of Rotary Club Of Newport News Foundation.

What is the revenue of Rotary Club Of Newport News Foundation?

Rotary Club Of Newport News Foundation's revenue in 2020 was $51,158.

Who are the executives of Rotary Club Of Newport News Foundation and what are their salaries?


Here are 5 key members and their salaries:


David Seeley (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frederick Elofson (Asst Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri Ryan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bo Hem (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Shields (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Rotary Club Of Newport News Foundation?

Rotary Club Of Newport News Foundation's most recent form 990EZ was submitted in 2020 and can be accessed here.

Mission Statement of Rotary Club Of Newport News Foundation

The Rotary Club of Newport News Foundation is an organization committed to charitable pursuits. Its mission is exclusively geared towards distributing funds to organizations that fall under the category of exempt entities as per the Internal Revenue Code of 1986, as it currently stands or gets amended in the future. The foundation ensures that all its funds, be they income or principal, are utilized for these charitable purposes. It achieves this by making donations to various 501(c)(3) organizations, thereby contributing to the betterment of the community at large.

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Impact




August, 2024

The Rotary Club Of Newport News Foundation plays a vital role in supporting the community through charitable gifts to various 501(c)(3) organizations. Their impact can be seen through the tangible support they provide to organizations that qualify as exempt entities under the internal revenue code. By channeling funds, whether income or principal, towards charitable purposes, the foundation makes a meaningful difference in the lives of individuals and the overall community in Newport News, VA. Their philanthropic efforts serve as a beacon of goodwill and support for those in need.




This information is meant to be a general summary of Rotary Club Of Newport News 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.

Revenue
$51,158 (2020)
Expenses
$112,271 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Gross Receipts: $53,832

Assets and Liabilities:

  • Total Assets: $33,886
  • Total Liabilities: $0
  • Net Assets: $33,886

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Organization Details

Principal Officer

Cathy Shields

Main Address

21 PAULA MARIA DRIVE, NEWPORT NEWS, VA, 23606

NTEE Category

Code: T30 - Philanthropy

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