Overview
What is The Rotary Club Of Memphis East Foundation?
The Rotary Club Of Memphis East Foundation is a charitable organization situated in Cordova, Tennessee (specifically at 504 W Sanga Circle). Its primary mission is to support the benevolent activities of the Rotary Club of Memphis East, contributing to various causes and addressing charitable needs globally. This support is channeled through a general contribution to Rotary International Foundation, a prominent body that serves numerous causes worldwide. The foundation's activities are geared towards upholding the Rotary Club of Memphis East's values and making a positive impact in their community and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Rotary Club Of Memphis East Foundation has received a Two-Star rating from Charity Navigator, which indicates a moderate level of accountability and transparency. While the organization has a majority of independent board members and a solid liabilities-to-assets ratio, it lacks several important policies and documentation on its website, which negatively impacts its overall score. The foundation has a program expense ratio of 75.39%, indicating that a significant portion of its funds is directed towards its programs.
Strengths of the foundation include its fully independent board and the absence of material diversion of assets, which signifies financial integrity. However, the absence of key policies, such as a conflict of interest policy and a whistleblower policy, raises concerns about governance practices. Additionally, the missing documentation on the nonprofit's website may hinder transparency for potential donors and the public.
Overall, while the Rotary Club Of Memphis East Foundation demonstrates strengths in financial management and board independence, attention to policy development and website transparency could enhance its accountability and overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Rotary Club Of Memphis East Foundation legitimate?
The Rotary Club Of Memphis East Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rotary Club Of Memphis East 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.
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What is the mission statement of The Rotary Club Of Memphis East Foundation?
The Rotary Club Of Memphis East Foundation's mission is centered around supporting the benevolent activities of the Rotary Club of Memphis East. Specifically, they contribute to the Rotary International Foundation, a global organization that serves various causes and addresses charitable needs worldwide. Their primary role is to assist the Rotary Club of Memphis East in its philanthropic endeavors, thereby contributing to the betterment of communities and individuals in need. The foundation's activities align with the wider objectives of Rotary International, focusing on humanitarian projects, community development, and promoting peace and understanding globally.
What is the revenue of The Rotary Club Of Memphis East Foundation?
The Rotary Club Of Memphis East Foundation's revenue in 2024 was $36,177.
Who are the executives of The Rotary Club Of Memphis East Foundation and what are their salaries?
There 10 volunteers at The Rotary Club Of Memphis East Foundation.
Here are 12 key members and their salaries:
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Where can I find the form 990 for The Rotary Club Of Memphis East Foundation?
The Rotary Club Of Memphis East Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Rotary Club Of Memphis East Foundation
The Rotary Club of Memphis East Foundation is dedicated to supporting the benevolent activities of its affiliated Rotary Club of Memphis East. In essence, its mission revolves around channeling resources towards various charitable causes and needs that align with the broader objectives of Rotary International. This global organization serves a diverse range of societal needs, and the Foundation's contribution to it helps extend its reach and impact worldwide. By supporting the Rotary International Foundation, The Rotary Club of Memphis East Foundation plays a crucial role in contributing to the betterment of communities and individuals across the globe.
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Impact
August, 2024
The Rotary Club Of Memphis East Foundation has made a significant impact by supporting benevolent activities of the Rotary Club of Memphis East. Their allocation to the Rotary International Foundation contributes to the worldwide body that serves various causes and charitable needs. Located in Cordova, TN, their mission to support community improvement initiatives has brought about positive change and helped those in need.
This information is meant to be a general summary of The Rotary Club Of Memphis East 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 2024.
- Investment Income: $12,086
- Gross Receipts: $73,089
Assets and Liabilities:
- Total Assets: $452,333
- Total Liabilities: $7,000
- Net Assets: $445,333
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Organization Details
Founding Year
1999
Principal Officer
John Ueleke
NTEE Category
Code: S82 - Community improvement
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