Overview
What is Cambridge Rotary Foundation?
Cambridge Rotary Foundation is a nonprofit organization that accepts donations, bequests, and contributions for educational and charitable purposes. Their mission involves distributing these funds directly or through contributions to other exempt agencies. The primary focus of Cambridge Rotary Foundation is to support educational and community charitable causes. By doing so, they contribute to enhancing the lives of individuals and communities, promoting a spirit of giving and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Cambridge Rotary Foundation has received a low rating due to significant deficiencies in accountability and financial transparency. While the organization has a fully independent board and no material diversions of assets, it has failed to meet critical requirements such as maintaining a conflict of interest policy, a whistleblower policy, and proper document retention practices. These shortcomings contributed to its low overall score.
On a positive note, the organization has demonstrated good governance by having a fully independent board and maintaining proper records of board meeting minutes. However, the lack of essential policies and transparency in financial operations raises concerns about its operational effectiveness. The program expense ratio is notably low at 32.76%, indicating that a significant portion of funds may not be directly supporting its charitable programs.
Overall, while the Cambridge Rotary Foundation has some foundational governance strengths, its significant gaps in accountability and financial management practices warrant caution for potential donors and supporters. Addressing these issues could enhance its credibility and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Rotary Foundation legitimate?
Cambridge Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge 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
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What is the mission statement of Cambridge Rotary Foundation?
The Cambridge Rotary Foundation's mission is centered around supporting educational and charitable causes. They accept donations and disperses funds to exempt organizations, directly or indirectly, for benevolent purposes. The foundation's work encompasses both educational and community charitable initiatives, aiming to make a positive impact in these areas. They contribute to the betterment of society by distributing funds to eligible organizations that align with their mission.
Who is the CEO of Cambridge Rotary Foundation?
Garry Mbiad is the Principal Officer of Cambridge Rotary Foundation.
What is the revenue of Cambridge Rotary Foundation?
Cambridge Rotary Foundation's revenue in 2022 was $18,376.
Who are the executives of Cambridge Rotary Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cambridge Rotary Foundation?
Cambridge Rotary Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cambridge Rotary Foundation
The Cambridge Rotary Foundation is an organization dedicated to supporting educational and charitable causes. Its mission is to receive various forms of contributions, including gifts and bequests, and utilize these funds for benevolent purposes. The foundation's primary aim is to contribute to educational institutions and charitable organizations, distributing funds directly or indirectly to exempt agencies that share its objectives. This nonprofit is committed to promoting both educational and community-focused charitable activities.
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Impact
August, 2024
The Cambridge Rotary Foundation makes a significant impact by providing support for educational and community charitable purposes. They accept gifts, bequests, and contributions to distribute funds directly or to other exempt agencies. This support helps enhance educational opportunities, promote charitable initiatives, and benefit the community as a whole. Through their efforts, the foundation contributes to the betterment of society by facilitating important educational and charitable programs.
This information is meant to be a general summary of Cambridge 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: $18,376
- Gross Receipts: $63,466
Assets and Liabilities:
- Total Assets: $518,325
- Total Liabilities: $0
- Net Assets: $518,325
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Organization Details
Founding Year
1981
Phone
(740) 432-1636Principal Officer
Garry Mbiad
Main Address
PO Box 662, Cambridge, OH, 43725
NTEE Category
Code: Z99 - Unknown
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