Overview
What is Willoughby Rotary Foundation?
The Willoughby Rotary Foundation is a benevolent organization situated in Frankfort, MI. Their primary focus lies in offering financial assistance and scholarships to deserving students pursuing their academic or technical education. Furthermore, they extend their generosity by granting funds to local charitable and community organizations. By doing so, they contribute significantly to the betterment of their community, ensuring a ripple effect of positive change.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Willoughby Rotary Foundation currently holds a two-star rating from Charity Navigator, indicating that there are significant areas where the organization can improve. While it scores well in several operational aspects, such as having a fully independent board and a solid program expense ratio of 87.33%, other critical areas underscore the need for better governance and transparency.
The foundation has demonstrated strong accountability in terms of asset management and board independence, with no material diversion of assets reported. However, the absence of essential policies, including a conflict of interest policy, whistleblower policy, and documentation for retention and destruction, has adversely affected its overall score. Furthermore, the lack of publicly posted tax forms diminishes transparency for potential donors.
Overall, while the Willoughby Rotary Foundation shows strengths in financial management and board independence, it faces challenges that could hinder its effectiveness and public trust. Addressing the noted deficiencies could enhance its rating and overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Willoughby Rotary Foundation legitimate?
Willoughby Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Willoughby 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.
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What is the mission statement of Willoughby Rotary Foundation?
The Willoughby Rotary Foundation's mission is centered around providing financial aid and support to deserving students and local charitable organizations. They offer scholarships to assist students with their academic or technical school tuition through various educational institutions. Furthermore, the foundation grants funds to a chosen charitable group or organization within the community. This non-profit organization is committed to enhancing the lives of individuals and communities by distributing scholarships and charitable grants.
Who is the CEO of Willoughby Rotary Foundation?
Mitchell Jaworski is the Trustee of Willoughby Rotary Foundation.
What is the revenue of Willoughby Rotary Foundation?
Willoughby Rotary Foundation's revenue in 2022 was $21,466.
Who are the executives of Willoughby Rotary Foundation and what are their salaries?
There 52 volunteers at Willoughby Rotary Foundation.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Willoughby Rotary Foundation?
Willoughby Rotary Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Willoughby Rotary Foundation
The Willoughby Rotary Foundation, as a philanthropic entity, is dedicated to two primary missions: providing scholarships and granting funds to charitable and community organizations. Through its scholarship program, the foundation has empowered 13 deserving students by offering financial assistance for their academic or technical school tuition, either through their respective educational institutions or colleges.
Beyond its scholarship initiatives, the Willoughby Rotary Foundation also extends its support to the local community by granting funds to selected charitable and community organizations. This commitment to community service reflects the foundation's belief in the collective power of individuals and organizations to bring about positive change. By investing in education and local charities, the Willoughby Rotary Foundation contributes to the overall well-being and development of its community.
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Impact
October, 2024
The Willoughby Rotary Foundation significantly impacts the local community in Frankfort, MI, through its commitment to education and charitable support. By providing scholarships to students for academic and technical school tuition, it helps pave the way for future leaders and skilled professionals. The foundation has awarded 13 scholarships, directly benefiting students and fostering their educational aspirations.
In addition to supporting individual students, the foundation also contributes to the broader community by awarding grants to local charitable organizations. This dual focus not only enhances educational opportunities but also strengthens community ties and supports various initiatives that contribute to the well-being of residents in the area. Through its efforts, the Willoughby Rotary Foundation plays a vital role in enriching the lives of individuals and promoting the overall growth of the community.
This information is meant to be a general summary of Willoughby 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: -$2,678
- Gross Receipts: $229,519
Assets and Liabilities:
- Total Assets: $358,257
- Total Liabilities: $0
- Net Assets: $358,257
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Organization Details
Founding Year
1986
Principal Officer
Mitchell Jaworski
Main Address
PO BOX 701, FRANKFORT, MI, 496350701
NTEE Category
Code: B82 - Education
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