Madison South Rotary Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391342489 ✦ Madison, WI ✦ Designated as a 501(c)(3)

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Overview

What is Madison South Rotary Foundation Inc?

Madison South Rotary Foundation Inc is a nonprofit organization situated in the Madison community. Their primary objective is to offer financial aid and scholarships to support the elderly, disadvantaged, and children residing in the area. In addition to local initiatives, they also collaborate with Rotary International to extend their reach and impact. The foundation awards grants to various charitable and civic organizations within the region, benefiting an estimated 45 groups in total. By doing so, they contribute to the betterment of their community, addressing various social needs and promoting overall well-being.

Is Madison South Rotary Foundation Inc legitimate?

Madison South Rotary Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison South Rotary Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of Madison South Rotary Foundation Inc?

The Madison South Rotary Foundation Inc's mission is centered around providing aid through grants and scholarships. This assistance is primarily intended for the elderly, disadvantaged, and children within the community, as well as through Rotary International's network. The foundation grants funds to local charitable and civic organizations, benefiting around 45 groups, thereby making a significant impact on these targeted sectors.

Who is the CEO of Madison South Rotary Foundation Inc?

Virginia Olson is the President of Madison South Rotary Foundation Inc.

What is the revenue of Madison South Rotary Foundation Inc?

Madison South Rotary Foundation Inc's revenue in 2023 was $61,108.

Who are the executives of Madison South Rotary Foundation Inc and what are their salaries?


Here are 8 key members and their salaries:


Virginia Olson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Iliff (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Firoz Khimani (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael True (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Iliff (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Silverwood (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Possin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Balles (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Madison South Rotary Foundation Inc?

Madison South Rotary Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Madison South Rotary Foundation Inc

Madison South Rotary Foundation Inc, a nonprofit organization, is committed to providing grants and scholarships with the aim of aiding the elderly, disadvantaged, and children in their community and beyond, through Rotary International. This mission is carried out by granting funds to local charitable and civic organizations, which in turn benefit approximately 45 groups. Through these grants, the organization aims to make a significant impact in the lives of those in need, contributing to the betterment of the community as a whole.

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Impact




October, 2024

Madison South Rotary Foundation Inc significantly impacts the Madison community by providing essential grants and scholarships aimed at assisting the elderly, disadvantaged, and children. By channeling resources to approximately 45 local charitable and civic organizations, the foundation addresses various community needs and fosters improvement in quality of life.

Through its initiatives, the foundation empowers individuals and families who might otherwise face challenges in accessing necessary support. The financial assistance facilitates educational opportunities for children and promotes programs that uplift the disadvantaged, ensuring that vulnerable populations receive the attention and resources they require.

The foundation's commitment to community enhancement through collaboration with Rotary International and local organizations strengthens social bonds and fosters a spirit of volunteerism and engagement, making a tangible difference in the lives of many within Madison.




This information is meant to be a general summary of Madison South Rotary Foundation 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.

Revenue
$61,108 (2023)
Expenses
$54,171 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,476
  • Gross Receipts: $61,108

Assets and Liabilities:

  • Total Assets: $246,575
  • Total Liabilities: $0
  • Net Assets: $246,575

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Organization Details

Principal Officer

Virginia Olson

Main Address

PO BOX 259672, MADISON, WI, 53725

NTEE Category

Code: S80 - Community improvement

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