Overview
What is Arroyo Grande Rotary Foundation?
The Arroyo Grande Rotary Foundation is a nonprofit organization located at 241 South Broadway Street 201, Orcutt, CA 93455. Established with the vision to improve the community of Arroyo Grande, this foundation relies on voluntary contributions from Rotarians and supporters. The funds are raised through various means, including mail solicitations, email appeals, personal requests, foundation grant solicitations, and yet-to-be-identified fundraisers. The organization's activities are overseen by the Board of Directors and volunteers, whose mission is to manage and distribute monetary, in-kind, and other forms of support for academic, athletic, and cultural programs within the Arroyo Grande community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Arroyo Grande Rotary Foundation has received a low rating of 53%, which indicates significant areas of concern regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and oversight. Additionally, critical policies such as conflict of interest, whistleblower, and document retention are missing, contributing to its low accountability score.
On a positive note, the foundation shows a strong commitment to its programs, with a program expense ratio of 99.64%. This suggests that nearly all of its expenses are directed towards its mission-related activities. The organization also demonstrates sound financial management, as evidenced by a low liabilities to assets ratio of 14.38%. However, these strengths are overshadowed by the significant governance deficiencies highlighted in the rating.
Overall, while Arroyo Grande Rotary Foundation excels in directing funds to its programs, it must address its governance and policy shortcomings to improve its rating and build greater trust with stakeholders. The absence of essential policies and independent oversight could potentially hinder its effectiveness and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Arroyo Grande Rotary Foundation legitimate?
Arroyo Grande Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arroyo Grande 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.
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 Arroyo Grande Rotary Foundation?
The Arroyo Grande Rotary Foundation serves as a not-for-profit entity, dedicated to collecting and distributing financial support for academic, athletic, and cultural programs within the community. Its mission is to receive, manage, and disperse funds in various forms, such as monetary donations, in-kind gifts, and other forms of support. The organization's activities are primarily funded through voluntary contributions from Rotarians and supporters who share its vision for improving the community. Fundraising efforts may involve mail solicitations, email appeals, personal requests, grant solicitations, and future fundraisers yet to be identified. The foundation's future activities will be overseen by the Board of Directors and volunteers.
Who is the CEO of Arroyo Grande Rotary Foundation?
Thomas V Apkarian Jr is the Secretary of Arroyo Grande Rotary Foundation.
What is the revenue of Arroyo Grande Rotary Foundation?
Arroyo Grande Rotary Foundation's revenue in 2023 was $22,563.
Who are the executives of Arroyo Grande Rotary Foundation and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Arroyo Grande Rotary Foundation?
Arroyo Grande Rotary Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Arroyo Grande Rotary Foundation
The Arroyo Grande Rotary Foundation is a not-for-profit corporation with a specific purpose. Its mission is to collect, manage, and distribute financial support, gifts in kind, and other forms of assistance for academic, athletic, and cultural programs within the community of Arroyo Grande. The foundation relies solely on voluntary contributions from Rotarians and supporters who share its vision of enhancing the community of Arroyo Grande. Funds are raised through various means, including mail solicitations, email appeals, personal requests, grant applications, and future fundraisers yet to be identified. The organization's future activities will be overseen by its Board of Directors and volunteers.
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Impact
August, 2024
The Arroyo Grande Rotary Foundation's impact is felt through its support for academic, athletic, and cultural programs in the community of Arroyo Grande. By receiving, managing, and distributing monetary donations, gifts in kind, and other forms of support, the foundation plays a vital role in enhancing the quality of life in the community. Through various fundraising initiatives and the dedication of its board of directors and volunteers, the foundation works tirelessly to improve the local community and make a positive difference in the lives of its residents.
This information is meant to be a general summary of Arroyo Grande 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 2023.
- Investment Income: $689
- Gross Receipts: $29,234
Assets and Liabilities:
- Total Assets: $69,494
- Total Liabilities: $10,000
- Net Assets: $59,494
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Organization Details
Founding Year
2014
Phone
(805) 925-8729Principal Officer
Thomas V Apkarian Jr
Main Address
241 SOUTH BROADWAY STREET 201, ORCUTT, CA, 93455
NTEE Category
Code: S80 - Community improvement
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