Overview
What is New Braunfels Downtown Rotary Scholarship Fund?
The New Braunfels Downtown Rotary Scholarship Fund is a charitable organization committed to supporting local students. Their primary objective is to offer financial aid through various programs, aiming to alleviate the financial burden faced by aspiring scholars in the area. By providing scholarships, they contribute to the higher education of deserving students, thereby fostering their personal and professional growth.
Official website here: www.downtownrotarynb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The New Braunfels Downtown Rotary Scholarship Fund has achieved a solid Three-Star rating, reflecting a score of 76%. This rating is primarily based on its accountability and finance practices, indicating that the organization demonstrates a commitment to financial transparency and responsible management. Notably, the charity has a fully independent board composed of 12 members, emphasizing its governance strength.
However, there are significant areas for improvement. The organization is marked down for lacking several key policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy. These missing elements can raise concerns about governance practices and accountability. Additionally, while the charity maintains a good program expense ratio of 100%, it has not posted its tax form on its website, which detracts from its financial transparency.
Overall, while the New Braunfels Downtown Rotary Scholarship Fund shows strong fiscal responsibility and an independent board, it needs to address its policy gaps to enhance its reputation and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is New Braunfels Downtown Rotary Scholarship Fund legitimate?
New Braunfels Downtown Rotary Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Braunfels Downtown Rotary Scholarship Fund 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
Official website here: www.downtownrotarynb.org
What is the mission statement of New Braunfels Downtown Rotary Scholarship Fund?
The New Braunfels Downtown Rotary Scholarship Fund is dedicated to promoting its mission of offering financial aid to local students. They achieve this goal by organizing programs that provide scholarships, thereby helping students in the area cover their educational expenses. This nonprofit organization is committed to supporting the academic pursuits of local students, contributing to their personal growth and future success. By providing scholarships, the fund aims to lessen the financial burden on deserving students, enabling them to focus on their studies without undue financial stress.
Official website here: www.downtownrotarynb.org
Who is the CEO of New Braunfels Downtown Rotary Scholarship Fund?
Bobby Johnson is the President of New Braunfels Downtown Rotary Scholarship Fund.
Official website here: www.downtownrotarynb.org
What is the revenue of New Braunfels Downtown Rotary Scholarship Fund?
New Braunfels Downtown Rotary Scholarship Fund's revenue in 2023 was $50,454.
Official website here: www.downtownrotarynb.org
Who are the executives of New Braunfels Downtown Rotary Scholarship Fund and what are their salaries?
There 75 volunteers at New Braunfels Downtown Rotary Scholarship Fund.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.downtownrotarynb.org
Where can I find the form 990 for New Braunfels Downtown Rotary Scholarship Fund?
New Braunfels Downtown Rotary Scholarship Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtownrotarynb.org
Learn more at the official website: www.downtownrotarynb.org
Mission Statement of New Braunfels Downtown Rotary Scholarship Fund
The New Braunfels Downtown Rotary Scholarship Fund is committed to promoting education by offering scholarships to local students in need. This nonprofit organization achieves its mission by organizing programs that provide financial aid to deserving students within the community. By offering these scholarships, the New Braunfels Downtown Rotary Scholarship Fund helps to alleviate the financial burden of education, enabling talented students to pursue their academic goals and contribute positively to society.
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Impact
August, 2024
The New Braunfels Downtown Rotary Scholarship Fund has a significant impact on the local community by providing scholarships for students in the area. Through its programs, the Fund offers financial assistance to students, helping them pursue their education and achieve their academic goals. This support has a direct and tangible impact on the lives of individuals in New Braunfels, Texas, by opening doors to higher education and opportunities that may not have been accessible otherwise. The Fund's dedication to promoting education through scholarships demonstrates its commitment to investing in the future of the community and empowering students to reach their full potential.
This information is meant to be a general summary of New Braunfels Downtown Rotary Scholarship Fund. 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.
- Gross Receipts: $84,946
Assets and Liabilities:
- Total Assets: $105,824
- Total Liabilities: $218
- Net Assets: $105,606
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Organization Details
Phone
(830) 632-5226Principal Officer
Bobby Johnson
Main Address
352 LANDA STREET, NEW BRAUNFELS, TX, 78130
Website
www.downtownrotarynb.orgNTEE Category
Code: B82 - Education
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