Overview
What is Birmingham Rotary Club Endowment Fund Inc?
Birmingham Rotary Club Endowment Fund Inc is a nonprofit organization located at 319 Scottdale Drive, Troy, Michigan 48084. Their primary mission is to offer financial assistance to eligible entities and individuals in need. By providing this support, they aim to contribute positively to their community and improve the lives of those they help. The organization's activities and mission revolve around this central objective of financial assistance, working towards its realization in a comprehensive and sustainable manner.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Birmingham Rotary Club Endowment Fund Inc holds a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. This score is primarily based on their performance in the Accountability & Finance category, which is crucial for assessing the organization's financial health and transparency. The organization has maintained a perfect score in several key areas, demonstrating a commitment to ethical governance and effective financial practices.
Strengths of the Birmingham Rotary Club Endowment Fund include having a fully independent board of directors, with all ten members meeting this criterion. Additionally, the organization has reported no material diversion of assets, which further solidifies its credibility and reliability. The program expense ratio is also exemplary at 100%, indicating that all of its expenses are directed towards its programs, maximizing the impact of its funding.
However, despite these strengths, the overall score of 73% suggests that there may be areas for improvement. While the organization has received high marks in various individual metrics, the overall rating reflects that there is still room for enhancement in their operations or reporting practices to achieve a higher star rating. Continuous monitoring and improvement could benefit the organization in garnering greater trust and support from potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Birmingham Rotary Club Endowment Fund Inc legitimate?
Birmingham Rotary Club Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Birmingham Rotary Club Endowment Fund Inc 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 Birmingham Rotary Club Endowment Fund Inc?
The Birmingham Rotary Club Endowment Fund Inc's mission is centered around providing financial aid. This mission extends to both qualified entities and individuals in need. The fund aims to offer a financial lifeline, providing essential support when required. This assistance is crucial in helping these entities and individuals overcome various challenges they may be facing. The fund's activities are primarily focused on financial assistance, aiming to make a significant impact in the lives of those it serves.
Who is the CEO of Birmingham Rotary Club Endowment Fund Inc?
Patrick Grady is the Treasurer of Birmingham Rotary Club Endowment Fund Inc.
What is the revenue of Birmingham Rotary Club Endowment Fund Inc?
Birmingham Rotary Club Endowment Fund Inc's revenue in 2023 was $66,961.
Who are the executives of Birmingham Rotary Club Endowment Fund Inc and what are their salaries?
There 41 volunteers at Birmingham Rotary Club Endowment Fund Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Birmingham Rotary Club Endowment Fund Inc?
Birmingham Rotary Club Endowment Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Birmingham Rotary Club Endowment Fund Inc
Birmingham Rotary Club Endowment Fund Inc is committed to providing financial assistance to qualified entities and individuals. This organization's mission is to extend monetary aid to deserving beneficiaries, demonstrating a strong dedication to supporting various sectors and individuals in need. By offering financial assistance, Birmingham Rotary Club Endowment Fund Inc aims to contribute positively to the communities it serves, fostering growth and development where it is needed most.
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Impact
August, 2024
The Birmingham Rotary Club Endowment Fund Inc's impact lies in providing financial assistance to qualified entities and individuals, contributing to community improvement in Troy, MI. This support enables beneficiaries to access resources they need and fosters positive change in the community. Their mission to offer financial assistance is directly helping those in need and making a tangible difference in people's lives.
This information is meant to be a general summary of Birmingham Rotary Club Endowment Fund Inc. 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: $19,876
- Program Service Revenue: $23,923
- Gross Receipts: $66,961
Assets and Liabilities:
- Total Assets: $1,040,849
- Total Liabilities: $0
- Net Assets: $1,040,849
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MASTERS RAFFLE - NET
Revenue
$23,923
Organization Details
Phone
(248) 229-7612Principal Officer
Patrick Grady
Main Address
319 SCOTTSDALE DR, TROY, MI, 48084
NTEE Category
Code: S80 - Community improvement
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