Overview
What is Springfield Rotary Foundation?
The Springfield Rotary Foundation is a local nonprofit organization committed to promoting community service. By placing American flags in the lawns of residences and businesses, they engage in a fundraising activity that generates profits. These profits are then channeled towards granting financial aid to charitable organizations. In addition, the foundation also distributes grants to local non-profit entities from their citrus proceeds. The mission of the Springfield Rotary Foundation is to foster and encourage community engagement, contributing positively to various charitable causes in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
The Springfield Rotary Foundation has received a rating indicating a need for improvement, particularly in its governance and transparency practices. While the organization excels in accountability and finance, with a perfect score in several areas, it falls short in key categories related to policies that promote transparency, such as its conflict of interest and whistleblower policies.
The organization boasts a fully independent board, which is a positive aspect of its governance structure. However, the lack of essential policies and the absence of its website on the tax form highlight areas that require attention for improving overall trust and operational integrity. Additionally, the organization has a strong program expense ratio, reflecting effective use of funds directed toward its mission.
While the Springfield Rotary Foundation demonstrates strong financial management and accountability, the gaps in policy documentation and public accessibility of information suggest that improvements are necessary to enhance transparency and strengthen stakeholder confidence. Addressing these limitations could lead to a better rating in the future and increased support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Springfield Rotary Foundation legitimate?
Springfield Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springfield 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
For more financial information, click here
What is the mission statement of Springfield Rotary Foundation?
The Springfield Rotary Foundation's mission is centered around promoting community service. They achieve this by organizing a fundraiser involving the placement of American flags in residential and business lawns. The profits from this event are then utilized to grant funds to charitable organizations. Moreover, the foundation also dispenses grants to local non-profit organizations using the proceeds from citrus sales. In essence, the Springfield Rotary Foundation's mission is to stimulate and support community service initiatives through various financial means.
Who is the CEO of Springfield Rotary Foundation?
Dave Fowler is the President of Springfield Rotary Foundation.
What is the revenue of Springfield Rotary Foundation?
Springfield Rotary Foundation's revenue in 2023 was $68,898.
Who are the executives of Springfield Rotary Foundation and what are their salaries?
There 45 volunteers at Springfield Rotary Foundation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Springfield Rotary Foundation?
Springfield Rotary Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Springfield Rotary Foundation
The Springfield Rotary Foundation is committed to encouraging and fostering community service. They accomplish this mission by engaging in two primary activities. Firstly, the foundation places United States Flags in the lawns of both residential homes and business establishments. This flag placement initiative serves as a fundraiser, generating profits that are subsequently utilized to provide grants to various charitable organizations. Secondly, the foundation also distributes grants to local non-profit organizations from the proceeds of their citrus business. By engaging in these activities, the Springfield Rotary Foundation plays a significant role in promoting and supporting community service and charitable causes within their community.
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Impact
August, 2024
The Springfield Rotary Foundation's impact includes encouraging and fostering community service by placing United States Flags in the lawns of residences and businesses. The profits from this fundraiser are then used to provide grants to charitable organizations. Additionally, the foundation supports local non-profit organizations through grants from citrus proceeds, contributing to the betterment of the community.
This information is meant to be a general summary of Springfield 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: $12,506
- Gross Receipts: $113,164
Assets and Liabilities:
- Total Assets: $630,559
- Total Liabilities: $0
- Net Assets: $630,559
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Organization Details
Founding Year
1966
Principal Officer
Dave Fowler
Main Address
PO BOX 615, Springfield, IL, 62705
NTEE Category
Code: T70Z - Philanthropy
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