Overview
What is Van Wert Rotary Foundation Trust?
The Van Wert Rotary Foundation Trust, based in Van Wert, Ohio, serves as a charitable entity within the principles of Rotary. Their primary objective is to provide scholarships to deserving high school graduates, enabling them to pursue higher education. Beyond this, the trust aims to meet various charitable, scientific, literary, or educational needs that align with Rotary's ideals. By doing so, the Van Wert Rotary Foundation Trust contributes to the betterment of their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating.
The Van Wert Rotary Foundation Trust received a Two-Star rating from Charity Navigator, reflecting concerns primarily around accountability and finance. The organization has a program expense ratio of 97.35%, indicating that the majority of its expenditures are directed towards its programs, which is a positive indicator of its operational focus. However, the lack of independent board members raises questions about governance and oversight.
Additionally, the foundation's policies are lacking in several key areas, such as a whistleblower policy and document retention protocols, which could jeopardize accountability. The absence of a website listed on the tax form and the missing posting of its tax form on its website contribute to its low score in transparency. Although there is no noted material diversion of assets, the overall governance concerns may impact donor confidence.
In summary, while the Van Wert Rotary Foundation Trust demonstrates strong programmatic spending, its governance practices and lack of transparency significantly affect its overall ratings. Potential donors may want to consider these factors when evaluating the charity's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Van Wert Rotary Foundation Trust legitimate?
Van Wert Rotary Foundation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Van Wert Rotary Foundation Trust 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 Van Wert Rotary Foundation Trust?
The Van Wert Rotary Foundation Trust's mission is centered around providing resources to meet charitable, scientific, literary, or educational needs. This aligns with the principles of Rotary. Specifically, the foundation aims to contribute to these sectors with the goal of making a positive impact. The Trust also provides scholarships for local high school graduates to utilize for their college education.
Who is the CEO of Van Wert Rotary Foundation Trust?
Terra Bonifas is the Trustee of Van Wert Rotary Foundation Trust.
What is the revenue of Van Wert Rotary Foundation Trust?
Van Wert Rotary Foundation Trust's revenue in 2022 was $9,093.
Who are the executives of Van Wert Rotary Foundation Trust and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Van Wert Rotary Foundation Trust?
Van Wert Rotary Foundation Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Van Wert Rotary Foundation Trust
The Van Wert Rotary Foundation Trust is committed to providing resources to meet charitable, scientific, literary, or educational needs, aligning with the ideals of Rotary. This mission is carried out with the intention of making a positive impact in various areas of society. One of the ways this nonprofit organization fulfills its mission is by offering scholarships to local high school graduates, enabling them to pursue higher education. These scholarships serve as a means of investing in the future generation, providing them with the opportunity to expand their knowledge and contribute to their communities in a meaningful way. By providing these resources, the Van Wert Rotary Foundation Trust plays a crucial role in fostering personal and community growth, promoting education, and contributing to the betterment of society as a whole.
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Impact
August, 2024
The Van Wert Rotary Foundation Trust provides essential resources to meet various charitable, scientific, literary, and educational needs within the community. One significant impact of the foundation is its provision of scholarships to local high school graduates, enabling them to pursue higher education and achieve their academic goals. By supporting these students, the foundation contributes to the development of future leaders and professionals within the Van Wert community. Through its focus on community improvement, the Van Wert Rotary Foundation Trust plays a vital role in fostering education and opportunity for individuals in the area.
This information is meant to be a general summary of Van Wert Rotary Foundation Trust. 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: $1,543
- Gross Receipts: $15,318
Assets and Liabilities:
- Total Assets: $100,492
- Total Liabilities: $0
- Net Assets: $100,492
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Organization Details
Founding Year
1989
Phone
(419) 238-6747Principal Officer
Terra Bonifas
Main Address
14132 MIDDLE POINT ROAD, VAN WERT, OH, 45891
NTEE Category
Code: S80 - Community improvement
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