Overview
What is Strongsville Rotary Foundation?
The Strongsville Rotary Foundation is a nonprofit organization, serving as a sister entity to the Strongsville Rotary Club. Its primary objective aligns with Rotary International, which is to foster humanitarian service, uphold ethical standards, and promote goodwill globally. The foundation, specifically, offers financial aid through scholarships to deserving high school graduates and contributes to local, regional, and international cultural, educational, and environmental projects. By providing these monetary supports, the Strongsville Rotary Foundation strengthens its community in Strongsville, Ohio, and extends its reach to various parts of the world, fulfilling its mission of making a positive impact on society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The Strongsville Rotary Foundation has demonstrated a solid commitment to accountability and finance, scoring particularly well in areas such as having a majority of independent board members and a favorable liabilities to assets ratio. Notably, it achieved a high program expense ratio, indicating that a significant portion of its funds is directed toward its programs.
However, the foundation's rating reflects some significant limitations. The absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention protocols raises concerns about governance practices. Additionally, the failure to list its website on tax forms and to make its tax form available on its website suggests a lack of transparency.
Overall, while the Strongsville Rotary Foundation shows strengths in financial management and program allocation, addressing its governance and transparency issues would enhance its credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Strongsville Rotary Foundation legitimate?
Strongsville Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Strongsville 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 Strongsville Rotary Foundation?
The Strongsville Rotary Foundation, as a non-profit entity affiliated with the Strongsville Rotary Club, serves a mission to support beneficiaries of its programs and the club's initiatives. This support is primarily conducted in the form of scholarships granted to high school graduates and financial contributions made towards cultural, educational, and environmental projects in various communities, including Strongsville, Ohio, and internationally. As part of Rotary International, the foundation's goal is to provide humanitarian services, promote ethical standards, and foster goodwill and peace worldwide.
Who is the CEO of Strongsville Rotary Foundation?
William Demarco is the Trustee/Pres of Strongsville Rotary Foundation.
What is the revenue of Strongsville Rotary Foundation?
Strongsville Rotary Foundation's revenue in 2023 was $108,385.
Who are the executives of Strongsville Rotary Foundation and what are their salaries?
There 30 volunteers at Strongsville Rotary Foundation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Strongsville Rotary Foundation?
Strongsville Rotary Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Strongsville Rotary Foundation
The Strongsville Rotary Foundation, a non-profit organization closely associated with the Strongsville Rotary Club, is dedicated to providing humanitarian service and fostering high ethical standards within various professions. Its mission is multifaceted, encompassing monetary support to various beneficiaries of its programs and those of the Rotary Club. This support is primarily in the form of scholarships awarded to graduating high school students. Additionally, the Foundation contributes to cultural, educational, and environmental projects within its local community in Strongsville, Ohio, as well as extending its reach to other communities internationally through Rotary International. The ultimate goal of the Strongsville Rotary Foundation is to contribute to the betterment of society, promoting goodwill and peace worldwide.
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Impact
October, 2024
The Strongsville Rotary Foundation makes a significant impact by providing vital financial support to various initiatives that enhance the local community and beyond. Through its scholarship program, the foundation empowers graduating high school students to pursue higher education, ensuring that talented youth have the opportunity to further their studies and contribute positively to society.
Additionally, the foundation invests in cultural, educational, and environmental projects within Strongsville, Ohio, and extends its reach to support global initiatives. By aligning with Rotary International's mission, the Strongsville Rotary Foundation fosters goodwill, promotes high ethical standards, and encourages humanitarian service. Its commitment to building community resilience and supporting projects that create lasting change reflects a dedication to improving lives locally and in communities worldwide.
This information is meant to be a general summary of Strongsville 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: $15,852
- Program Service Revenue: $83,030
- Gross Receipts: $113,710
Assets and Liabilities:
- Total Assets: $303,214
- Total Liabilities: $0
- Net Assets: $303,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STRONGFEST
Revenue
$35,787
CHILI OPEN
Revenue
$29,800
KIDS FEST
Revenue
$14,949
KEEP DREAMS ALIVE
Revenue
$2,494
Organization Details
Founding Year
1994
Principal Officer
William Demarco
Main Address
15300 PEARL ROAD SUITE 200, STRONGSVILLE, OH, 44136
NTEE Category
Code: S80 - Community improvement
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