Overview
What is Palos Verdes Peninsula Rotary Foundation?
The Palos Verdes Peninsula Rotary Foundation is a charitable organization situated in Rolling Hills Estates, California. With a focus on philanthropy, this foundation supports various community organizations financially. Its primary activities include contributing to local youth clubs, colleges, and literacy programs. Additionally, they provide resources for college scholarship and education projects. The foundation's mission is to uplift and empower the community by offering philanthropic aid.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Palos Verdes Peninsula Rotary Foundation has received a 73% rating from Charity Navigator, indicating a Two-Star level of performance. The overall score is based solely on the Accountability & Finance beacon, suggesting a focus on these areas rather than a comprehensive evaluation of overall effectiveness. The fiscal year reported is FY2023.
Strengths of the organization include a fully independent board, with 10 out of 10 points awarded for having a majority of independent members. Additionally, there are no material diversions of assets reported, and the organization maintains a healthy liabilities-to-assets ratio of 0.00%. However, the foundation has several policy areas that are lacking, including a missing website, conflict of interest policy, whistleblower policy, and document retention policy, all of which contributed to lower scores in these categories.
Overall, while the Palos Verdes Peninsula Rotary Foundation demonstrates strong financial management, the lack of certain governance policies and a missing online presence are areas noted for improvement. These limitations may impact transparency and public trust in the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Palos Verdes Peninsula Rotary Foundation legitimate?
Palos Verdes Peninsula Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palos Verdes Peninsula 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 Palos Verdes Peninsula Rotary Foundation?
The Palos Verdes Peninsula Rotary Foundation's mission is centered around providing philanthropic support for community organizations. In pursuance of this mission, they make contributions to local youth clubs and colleges for literacy programs. Additionally, they are involved in funding college scholarship and education projects. The organization's philanthropic activities aim to uplift and support various community initiatives.
Who is the CEO of Palos Verdes Peninsula Rotary Foundation?
Marc Mazarow is the President of Palos Verdes Peninsula Rotary Foundation.
What is the revenue of Palos Verdes Peninsula Rotary Foundation?
Palos Verdes Peninsula Rotary Foundation's revenue in 2023 was $43,749.
Who are the executives of Palos Verdes Peninsula Rotary Foundation and what are their salaries?
There 9 volunteers at Palos Verdes Peninsula Rotary Foundation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Palos Verdes Peninsula Rotary Foundation?
Palos Verdes Peninsula Rotary Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Palos Verdes Peninsula Rotary Foundation
The Palos Verdes Peninsula Rotary Foundation is committed to providing philanthropic support for various community organizations. In line with this mission, the foundation makes contributions to local youth clubs and colleges, specifically focusing on literacy programs. Furthermore, the organization is involved in college scholarship and education projects, demonstrating its dedication to fostering learning and development within the community. By providing financial assistance to these initiatives, the Palos Verdes Peninsula Rotary Foundation plays a significant role in supporting the educational needs and aspirations of its community members.
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Impact
August, 2024
The Palos Verdes Peninsula Rotary Foundation's impact is evident in the support it provides to community organizations, particularly in the areas of youth development and education. Through contributions to local youth clubs, colleges, literacy programs, college scholarships, and education projects, the foundation plays a crucial role in empowering and uplifting the community in Rolling Hills Estates, CA. By focusing on philanthropy, the foundation actively works to make a positive difference in the lives of individuals and the overall community.
This information is meant to be a general summary of Palos Verdes Peninsula 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 2023.
- Investment Income: $15,121
- Gross Receipts: $89,195
Assets and Liabilities:
- Total Assets: $640,513
- Total Liabilities: $0
- Net Assets: $640,513
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Organization Details
Founding Year
1990
Phone
(310) 542-0011Principal Officer
Marc Mazarow
Main Address
904 Silver Spur Road 270, Rolling Hills Estates, CA, 90274
NTEE Category
Code: T20Z - Philanthropy
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