Overview
What is The Rotary Club Of Clearwater Charities Inc?
The Rotary Club of Clearwater Charities Inc, located in Clearwater, Florida, serves as a charitable arm for the Rotary Club of Clearwater and its members. Their primary objective is to raise funds for local humanitarian and charitable projects, acting as a custodian for contributions from Rotarians and others. The Board of Directors of the Rotary Club provides direction on which projects to support, and final approval is granted by the Board of Directors of the Charities Inc. Each year, the Charities Selection Committee selects worthy causes to support through various club fundraisers such as the annual Kingfish Tournament and Golf Tournament. Additionally, club members provide their time and involvement in community initiatives. In fiscal 2022, the charity granted funds to Reading is Fundamental, Rotary's Camp Florida, and The CART Fund.
Official website here: www.clearwaterrotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
The Rotary Club Of Clearwater Charities Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The score is derived from a single beacon metric focused on Accountability & Finance, indicating that the organization maintains transparency and sound financial practices.
The organization demonstrates strong governance with a board composed entirely of independent members, achieving full marks in both majority independent board members and independent board size. Additionally, the organization's financial practices are commendable, having no material diversion of assets and a favorable liabilities to assets ratio of 0.00%. Their commitment to transparency is also highlighted by their documentation of board meeting minutes and the listing of their website on their tax form.
However, while the program expense ratio stands at a respectable 76.31%, indicating that a significant portion of expenses goes toward program services, the single focus on accountability and finance suggests that further evaluation of other operational aspects might provide a more comprehensive understanding of the charity's impact and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Rotary Club Of Clearwater Charities Inc legitimate?
The Rotary Club Of Clearwater Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rotary Club Of Clearwater Charities 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
Official website here: www.clearwaterrotary.org
What is the mission statement of The Rotary Club Of Clearwater Charities Inc?
The Rotary Club Of Clearwater Charities Inc has a mission to provide a mechanism for Rotarians and others to contribute to local humanitarian and charitable projects. The organization serves as a custodian for contributions from individual Rotarians and others, holding the funds until the Rotary Club of Clearwater provides direction on which charitable activities to support. The final approval for expenditure of funds is granted by the Board of Directors of RCC Charities. Each year, a selection committee from the Rotary Club of Clearwater chooses worthy local and Rotary International causes to support, with funds raised through club fundraisers such as the annual Kingfish Tournament and Golf Tournament. In addition to financial support, club members also contribute their time and involvement in the community. The Rotary Club Of Clearwater Charities Inc has supported various local charities, including Reading is Fundamental, Rotary's Camp Florida, and The CART Fund, as recipients of their annual charity grants.
Official website here: www.clearwaterrotary.org
Who is the CEO of The Rotary Club Of Clearwater Charities Inc?
James M Clark is the Chairman of The Rotary Club Of Clearwater Charities Inc.
Official website here: www.clearwaterrotary.org
What is the revenue of The Rotary Club Of Clearwater Charities Inc?
The Rotary Club Of Clearwater Charities Inc's revenue in 2022 was $82,599.
Official website here: www.clearwaterrotary.org
Who are the executives of The Rotary Club Of Clearwater Charities Inc and what are their salaries?
There 8 volunteers at The Rotary Club Of Clearwater Charities Inc.
Here are 8 key members and their salaries:
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Official website here: www.clearwaterrotary.org
Where can I find the form 990 for The Rotary Club Of Clearwater Charities Inc?
The Rotary Club Of Clearwater Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clearwaterrotary.org
Learn more at the official website: www.clearwaterrotary.org
Mission Statement of The Rotary Club Of Clearwater Charities Inc
The Rotary Club Of Clearwater Charities Inc, a nonprofit organization, is dedicated to promoting and supporting local humanitarian and charitable projects. Its mission is to provide a platform for Rotarians and others to make contributions that will fund and back these charitable initiatives, as recommended by the Rotary Club of Clearwater's directors and approved by the Board of RCC Charities, Inc. This entity acts as a custodian for contributions from individual Rotarians and others, holding the funds until the Rotary Club of Clearwater provides guidance on which charitable activities should receive funding. The final approval for the allocation of funds is granted by the Board of Directors of RCC Charities Inc.
Each year, the Charities Selection Committee of the Rotary Club of Clearwater selects worthy local and Rotary International causes to support, raising funds through various club fundraisers such as the annual Kingfish Tournament, the Golf Tournament, and other events. In addition to providing financial support, members of the Rotary Club and RCC Charities contribute their time and involvement in the community to various charities. The Rotary Club Of Clearwater Charities Inc is proud to have supported local charities such as Reading Is Fundamental, Rotary's Camp Florida, and the CART Fund as recipients of their annual charity grants.
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Impact
October, 2024
The Rotary Club of Clearwater Charities Inc. significantly enhances the community through its commitment to humanitarian and charitable projects. By functioning as a pivotal facilitator for fundraising, it enables the Rotary Club of Clearwater to support vital local causes and initiatives. Each year, the Selection Committee identifies worthy local and international causes that benefit from the funds raised.
Their impact is evident through organized fundraising events, such as the annual Kingfish Tournament and golf tournaments, where community members come together to contribute to charitable efforts. In fiscal 2022 alone, they provided grants to notable organizations like Reading Is Fundamental and Rotary's Camp Florida, directly benefiting residents in Clearwater.
Moreover, the club fosters community engagement by encouraging members to give their time, not just financial support, amplifying their reach and influence in addressing local needs. Through these efforts, The Rotary Club of Clearwater Charities Inc. plays a crucial role in enriching the lives of individuals and groups in the Clearwater area, promoting a culture of giving and community improvement.
This information is meant to be a general summary of The Rotary Club Of Clearwater Charities 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 2022.
- Investment Income: $34,209
- Gross Receipts: $209,622
Assets and Liabilities:
- Total Assets: $1,343,043
- Total Liabilities: $0
- Net Assets: $1,343,043
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Organization Details
Founding Year
1974
Phone
(727) 510-4812Principal Officer
James M Clark
Main Address
PO BOX 822, CLEARWATER, FL, 33757
Website
www.clearwaterrotary.orgNTEE Category
Code: S82Z - Community improvement
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