Overview
What is San Diego Downtown Breakfast Found?
The San Diego Downtown Breakfast Found is a charitable organization, primarily established to support and finance the benevolent objectives of the San Diego Downtown Breakfast Rotary Club. Based in San Diego, California, the foundation achieves its mission by establishing an endowment fund. The income generated from this fund is utilized to advance various charitable causes. The organization has demonstrated its commitment to helping individuals and families locally and globally by providing funding to 29 different non-profit organizations.
Official website here: www.sdrotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating). This score indicates a reasonable level of performance, primarily focusing on Accountability & Finance, where the organization scored 76. A three-star rating suggests that while there are strengths, there is room for improvement, particularly in governance practices.
One notable strength is that the San Diego Downtown Breakfast Foundation has a fully independent board, consisting of six members. Additionally, there are no reported issues regarding material diversion of assets, and the organization's program expense ratio is high at 97.13%, indicating a strong commitment to its charitable programs. The website is also listed on the tax form, ensuring transparency.
However, the organization has several governance weaknesses, including a lack of a conflict of interest policy, whistleblower policy, and document retention and destruction policy, all of which received a score of zero. Addressing these gaps could significantly enhance their accountability and strengthen overall operations.
This AI summary has been generated from information found on Charity Navigator.
Is San Diego Downtown Breakfast Found legitimate?
San Diego Downtown Breakfast Found is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Diego Downtown Breakfast Found 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.sdrotary.org
What is the mission statement of San Diego Downtown Breakfast Found?
The San Diego Downtown Breakfast Foundation's mission is to primarily support the charitable purposes of the San Diego Downtown Breakfast Rotary Club. This is achieved primarily through the establishment of an endowment fund, the income from which is utilized to finance these charitable endeavors. The organization's goal is to provide funding to various non-profit organizations, both locally and internationally, to aid individuals and families in need. The foundation has supported 29 such organizations with its resources.
Official website here: www.sdrotary.org
What is the revenue of San Diego Downtown Breakfast Found?
San Diego Downtown Breakfast Found's revenue in 2024 was $140,712.
Official website here: www.sdrotary.org
Who are the executives of San Diego Downtown Breakfast Found and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.sdrotary.org
Where can I find the form 990 for San Diego Downtown Breakfast Found?
San Diego Downtown Breakfast Found's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sdrotary.org
Learn more at the official website: www.sdrotary.org
Mission Statement of San Diego Downtown Breakfast Found
The San Diego Downtown Breakfast Foundation, established with the primary goal, is committed to promoting and enhancing the charitable purposes of the San Diego Downtown Breakfast Rotary Club. This is predominantly achieved through the establishment of an endowment fund. The income generated from this fund is then utilized to support various charitable objectives. The foundation has demonstrated its commitment to this mission by providing funding to 29 different non-profit organizations, aiming to assist individuals and families both locally and internationally. The San Diego Downtown Breakfast Foundation serves as a vital source of financial support for numerous charitable causes, aligning itself with the philanthropic objectives of the San Diego Downtown Breakfast Rotary Club.
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Impact
October, 2024
San Diego Downtown Breakfast Found plays a vital role in addressing community needs by funding various charitable initiatives. By establishing an endowment fund, it ensures a sustainable source of income that supports numerous local and international causes. The foundation has successfully provided funding to 29 different nonprofit organizations, impacting the lives of individuals and families by enhancing services and resources available to them. This multifaceted support fosters a culture of philanthropy and community engagement, helping to uplift those in need within San Diego and beyond. Through its efforts, the foundation promotes collaboration among local organizations, amplifying the collective impact on social issues faced by the community.
This information is meant to be a general summary of San Diego Downtown Breakfast Found. 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: $52,480
- Gross Receipts: $140,712
Assets and Liabilities:
- Total Assets: $2,124,223
- Total Liabilities: $155
- Net Assets: $2,124,068
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Organization Details
Founding Year
1990
Principal Officer
Tom Verburgt
Website
www.sdrotary.orgNTEE Category
Code: T30 - Philanthropy
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