Overview
What is Akron Rotary Foundation?
The Akron Rotary Foundation is a charitable organization established by members of the Rotary Club of Akron, located in Akron, Ohio. Its primary objective is to support and fund various charitable activities within the community and beyond. The foundation has been instrumental in granting funds to organizations, with a notable focus on the Akron Rotary Camp for Children with Special Needs Inc. By doing so, the Akron Rotary Foundation amplifies the charitable impact of the Rotary Club of Akron, thereby contributing positively to their shared community.
Official website here: www.akronrotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Very poor (33%, Zero-Star out of Four Star rating)
The Akron Rotary Foundation has received a very poor rating from Charity Navigator, reflecting significant concerns regarding transparency and financial management. While the organization boasts a perfect score in accountability and finance, with 100% independent board members and a lack of material diversion of assets, it has notable weaknesses, particularly in financial reporting. The absence of financial statements and critical policy documents such as a whistleblower policy and document retention guidelines severely impacts its overall score.
Despite having aspects of strong governance, such as an independent board and proper documentation of board meeting minutes, the foundation has failed to provide essential financial documents on its website, which is a significant drawback. This lack of transparency raises questions about its operations and financial health, as indicated by the low program expense ratio of 46.58%, suggesting that less than half of its expenses are directed towards its programs.
Overall, while the Akron Rotary Foundation demonstrates effective governance practices, its insufficient financial reporting and missing policies hinder its ability to earn a favorable rating. The organization must address these gaps to enhance its accountability and rebuild trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Akron Rotary Foundation?
100% of 16 reviewers on Facebook recommend the Akron Rotary Foundation. Here is a summary of their reviews:
The Akron Rotary Foundation is highly regarded for its commitment to community service, with members exemplifying the motto "Service above self." Reviewers express strong appreciation for the organization's dedication and active involvement in local initiatives, reflecting a positive impact on the community.
Overall, there is a clear sentiment of satisfaction and support for the foundation's mission, indicating that the organization is effectively delivering on its promises and fostering a spirit of giving back to those in need.
This AI summary has been generated from reviews found on Facebook.
Is Akron Rotary Foundation legitimate?
Akron Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Akron 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:
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Official website here: www.akronrotary.org
What is the mission statement of Akron Rotary Foundation?
The Akron Rotary Foundation's mission is to advance charitable activities that are funded or supported by members of the Akron Rotary Club. This organization aims to amplify the impact of the Rotary Club of Akron in their community and beyond. Primarily, the foundation provides funding to organizations such as the Akron Rotary Camp for Children with Special Needs Inc., supporting their charitable endeavors. The Akron Rotary Foundation's activities are focused on enhancing the welfare of their community and beyond.
Official website here: www.akronrotary.org
Who is the CEO of Akron Rotary Foundation?
Jeff Sitz is the Trustee of Akron Rotary Foundation.
Official website here: www.akronrotary.org
What is the revenue of Akron Rotary Foundation?
Akron Rotary Foundation's revenue in 2022 was $607,834.
Official website here: www.akronrotary.org
Who are the executives of Akron Rotary Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.akronrotary.org
Where can I find the form 990 for Akron Rotary Foundation?
Akron Rotary Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.akronrotary.org
Learn more at the official website: www.akronrotary.org
Mission Statement of Akron Rotary Foundation
The Akron Rotary Foundation, an entity established by members of the Rotary Club of Akron, is dedicated to advancing charitable activities. Its primary mission is to amplify the impact of the Rotary Club of Akron within the community and beyond. The foundation achieves this by providing financial support to various charitable organizations and initiatives, with a significant focus on the Akron Rotary Camp for Children with Special Needs Inc. Through its grants, the Akron Rotary Foundation contributes to the betterment of numerous communities, demonstrating its commitment to philanthropy and community service.
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Impact
July, 2024
Akron Rotary Foundation has a significant impact on the community by funding charitable activities supported by members of the Akron Rotary Club. The foundation primarily supports the Akron Rotary Camp for Children with Special Needs and other charitable organizations, thereby making a positive difference in the lives of those in need. By funding the initiatives and projects of the Rotary Club of Akron, the foundation plays a vital role in improving the community and beyond.
This information is meant to be a general summary of Akron 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: $200,034
- Gross Receipts: $930,165
Assets and Liabilities:
- Total Assets: $2,246,196
- Total Liabilities: $7,800
- Net Assets: $2,238,396
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Organization Details
Founding Year
1992
Phone
(330) 706-6135Principal Officer
Jeff Sitz
Main Address
4460 REX LAKE DRIVE, AKRON, OH, 44319
Website
www.akronrotary.orgNTEE Category
Code: S82Z - Community improvement
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