Overview
What is The Rotary Club Of Wayzata Memorial Educational Fdn Inc?
The Rotary Club Of Wayzata Memorial Educational Fdn Inc is a nonprofit organization situated in Wayzata, Minnesota, specifically at 800 East Wayzata Boulevard No 300. Their primary mission is to provide financial assistance in the form of scholarships and loans for post-secondary education to eligible students residing in Wayzata, Minnesota. This support aims to empower these students in pursuing higher education and building a solid foundation for their future careers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The Rotary Club Of Wayzata Memorial Educational Foundation Inc has demonstrated a commendable commitment to accountability and finance, with a solid score of 73. The organization excels in areas such as having a majority independent board and a strong program expense ratio of 85.55%, indicating effective allocation of resources towards its mission.
However, the foundation faces significant challenges regarding transparency and governance. It has missed several key policies, including conflict of interest, whistleblower, and document retention policies, which could impact its overall accountability. Additionally, the absence of its website listed on the tax form and failure to post its tax form on its website suggest room for improvement in public accessibility of information.
While the foundation shows strong financial management and program focus, the lack of essential governance policies and website transparency could hinder stakeholder trust. Improving these areas would enhance the organization’s overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Rotary Club Of Wayzata Memorial Educational Fdn Inc legitimate?
The Rotary Club Of Wayzata Memorial Educational Fdn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rotary Club Of Wayzata Memorial Educational Fdn 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
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What is the mission statement of The Rotary Club Of Wayzata Memorial Educational Fdn Inc?
The Rotary Club Of Wayzata Memorial Educational Fdn Inc's mission is centered around providing financial aid in the form of scholarships and loans for post-secondary education. This organization targets qualified students within its capacity, aiming to support their academic pursuits beyond high school. By offering these scholarships and loans, the foundation aims to contribute to the personal and professional growth of these students, ultimately broadening their opportunities and prospects.
What is the revenue of The Rotary Club Of Wayzata Memorial Educational Fdn Inc?
The Rotary Club Of Wayzata Memorial Educational Fdn Inc's revenue in 2021 was $7,667.
Who are the executives of The Rotary Club Of Wayzata Memorial Educational Fdn Inc and what are their salaries?
There 5 volunteers at The Rotary Club Of Wayzata Memorial Educational Fdn Inc.
Here are 5 key members and their salaries:
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- Other: $0
- Compensation: $0
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- Compensation: $0
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Where can I find the form 990 for The Rotary Club Of Wayzata Memorial Educational Fdn Inc?
The Rotary Club Of Wayzata Memorial Educational Fdn Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Rotary Club Of Wayzata Memorial Educational Fdn Inc
The Rotary Club Of Wayzata Memorial Educational Fdn Inc is dedicated to providing financial assistance for post-secondary education to qualified students. This nonprofit organization offers scholarships and loans, aiming to support individuals seeking higher learning opportunities. By doing so, The Rotary Club Of Wayzata Memorial Educational Fdn Inc contributes to the personal and professional growth of its beneficiaries, thereby contributing to the broader community. The organization's mission is to empower students, fostering a future where they can contribute positively to society with the knowledge and skills they acquire through their education.
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Impact
August, 2024
The Rotary Club Of Wayzata Memorial Educational Fdn Inc's impact is evident in its provision of scholarships and loans for post-secondary education to qualified students of Wayzata, MN. Through this support, the organization contributes to the educational pursuits of students in the community, helping them further their studies and achieve their academic goals. This assistance plays a significant role in enabling students to access higher education and possibly enhance their future opportunities and prospects.
This information is meant to be a general summary of The Rotary Club Of Wayzata Memorial Educational Fdn 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 2021.
- Investment Income: $7,650
- Gross Receipts: $7,667
Assets and Liabilities:
- Total Assets: $447,447
- Total Liabilities: $0
- Net Assets: $447,447
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Organization Details
Founding Year
1977
Principal Officer
Bruce Lea
NTEE Category
Code: B11 - Education
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