Overview
What is Chagrin Valley Rotary Foundation?
Chagrin Valley Rotary Foundation is a nonprofit organization situated in Solon, Ohio. The primary role of this foundation is to manage and invest its assets, generating income for various purposes. These purposes include vocational education, charitable causes, and other eligible humanitarian endeavors. By fulfilling this mission, the foundation aims to contribute positively to its community and beyond, promoting social and educational development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Chagrin Valley Rotary Foundation has received a low rating of 53% from Charity Navigator, which indicates significant areas needing improvement, particularly in governance and transparency. The organization has no independent board members, raising concerns about oversight and accountability. It also lacks key policies such as conflict of interest and whistleblower protections, which are essential for ethical operations.
On the positive side, the foundation demonstrates a strong commitment to its mission with a program expense ratio of 100%, ensuring that all expenditures are directed towards its charitable programs. Additionally, it has managed to maintain a low liabilities to assets ratio, reflecting financial stability. However, the absence of required documentation on its website limits transparency for potential donors and stakeholders.
Overall, while the Chagrin Valley Rotary Foundation shows promise in its programmatic focus, the lack of independent governance and missing key policies hinder its credibility and effectiveness. Improvements in these areas could enhance trust and support from the community and potential contributors.
This AI summary has been generated from information found on Charity Navigator.
Is Chagrin Valley Rotary Foundation legitimate?
Chagrin Valley Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chagrin Valley 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 Chagrin Valley Rotary Foundation?
The Chagrin Valley Rotary Foundation's primary role is to oversee and manage its assets, generating income to support various educational, charitable, and other humanitarian causes. The foundation's mission is to use these funds for vocational education and other eligible purposes, contributing to the betterment of society and addressing various needs. The foundation's activities are aimed at promoting learning, charitable works, and alleviating hardships, thereby making a positive impact in the community and beyond.
Who is the CEO of Chagrin Valley Rotary Foundation?
Kathaleen Mcwilliams is the President of Chagrin Valley Rotary Foundation.
What is the revenue of Chagrin Valley Rotary Foundation?
Chagrin Valley Rotary Foundation's revenue in 2022 was $134,647.
Who are the executives of Chagrin Valley Rotary Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Chagrin Valley Rotary Foundation?
Chagrin Valley Rotary Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chagrin Valley Rotary Foundation
The Chagrin Valley Rotary Foundation is established with the primary objective of managing and investing its assets and the income derived from them. This foundation operates with a mission to utilize these resources for various purposes, including vocational education, charitable endeavors, and other eleemosynary objectives. In essence, the Chagrin Valley Rotary Foundation serves as a trust for funds, channeling them towards initiatives that contribute to education, charity, and other philanthropic causes.
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Impact
October, 2024
Chagrin Valley Rotary Foundation creates a significant impact by focusing on vocational education and charitable initiatives within the community. Its efforts are dedicated to managing and administering assets in a way that generates income, which is then invested back into programs that foster educational development and support for those in need. Through these activities, the foundation addresses critical human service needs, enhancing opportunities for learning and growth in the Solon, OH area. The foundation’s commitment ensures that resources are effectively utilized to make a lasting difference in the lives of individuals and families, promoting a stronger, more educated community.
This information is meant to be a general summary of Chagrin Valley 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: $2,378
- Gross Receipts: $134,647
Assets and Liabilities:
- Total Assets: $369,472
- Total Liabilities: $2,500
- Net Assets: $366,972
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Organization Details
Founding Year
1946
Principal Officer
Kathaleen Mcwilliams
Main Address
34305 SOLON ROAD STE 10, SOLON, OH, 44139
NTEE Category
Code: P20 - Human services
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