Overview
What is Rotary Club Of Wilmington Educational Foundation?
The Rotary Club of Wilmington Educational Foundation is a charitable organization based in Wilmington, Delaware. Their primary mission is to offer financial aid, primarily in the form of academic and vocational scholarships, to deserving students residing in New Castle County, Delaware. These scholarships are awarded to high school seniors who have secured admission to a college or university for the upcoming academic year, regardless of whether their institution is located within Delaware. Scholarship recipients may apply to renew their grants for their sophomore, junior, and senior years, demonstrating the foundation's commitment to supporting students throughout their higher education journey.
Official website here: www.rotarywilmington.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Rotary Club Of Wilmington Educational Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid overall score primarily based on its Accountability and Finance. This rating indicates a strong commitment to financial health and responsible governance. The organization performs particularly well in several key areas, showcasing a high program expense ratio of 97.26%, which suggests that a significant portion of its funds is directed towards its educational initiatives.
Strengths of the organization include a fully independent board and a well-structured document retention policy. All board members are independent, which can enhance transparency and reduce conflicts of interest. Additionally, there are no reported material diversions of assets, indicating efficient financial management.
However, the organization does have some limitations, notably the absence of a conflict of interest policy and a whistleblower policy, both of which received a score of zero. These gaps could raise concerns about governance practices and the organization's commitment to maintaining a transparent operational environment. Overall, while the Rotary Club Of Wilmington Educational Foundation demonstrates strong financial accountability, addressing its policy deficiencies could further strengthen its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary Club Of Wilmington Educational Foundation legitimate?
Rotary Club Of Wilmington Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Of Wilmington Educational 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
For more financial information, click here
Official website here: www.rotarywilmington.org
What is the mission statement of Rotary Club Of Wilmington Educational Foundation?
The Rotary Club Of Wilmington Educational Foundation's mission is centered around providing financial aid primarily in the form of academic and vocational scholarships. Their goal is to support qualifying students in the Wilmington and New Castle County surrounding area, offering scholarships that can be renewed for subsequent college years. Eligible candidates must be high school seniors residing in New Castle County, Delaware, and admitted to a public or private college or university for the upcoming academic year. The foundation does not require that the chosen institution be located in Delaware.
Official website here: www.rotarywilmington.org
Who is the CEO of Rotary Club Of Wilmington Educational Foundation?
Ashley Cloud is the Trustee of Rotary Club Of Wilmington Educational Foundation.
Official website here: www.rotarywilmington.org
What is the revenue of Rotary Club Of Wilmington Educational Foundation?
Rotary Club Of Wilmington Educational Foundation's revenue in 2022 was $34,978.
Official website here: www.rotarywilmington.org
Who are the executives of Rotary Club Of Wilmington Educational Foundation and what are their salaries?
There 3 volunteers at Rotary Club Of Wilmington Educational Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rotarywilmington.org
Where can I find the form 990 for Rotary Club Of Wilmington Educational Foundation?
Rotary Club Of Wilmington Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rotarywilmington.org
Learn more at the official website: www.rotarywilmington.org
Mission Statement of Rotary Club Of Wilmington Educational Foundation
The Rotary Club Of Wilmington Educational Foundation is dedicated to a mission that primarily involves providing financial aid, primarily in the form of academic and vocational scholarships, to qualifying students residing in the Wilmington and New Castle County surrounding area. This nonprofit organization's mission is centered around supporting the educational aspirations of young individuals, aiding them in their transition from high school to college.
The Rotary Club Of Wilmington Educational Foundation offers scholarships specifically to students who are about to commence their freshman year of college. Notably, these scholarship recipients have the opportunity to renew the grant for their subsequent years in college, including their sophomore, junior, and senior years. The academic candidates for these scholarships must be residents of New Castle County, Delaware. They must also be high school seniors attending a public or private school in New Castle County and have gained formal admission to a public or private college or university for the upcoming academic year. It is not a requirement that the college or university be situated in Delaware.
In essence, the Rotary Club Of Wilmington Educational Foundation is committed to empowering young individuals by providing them with the financial means to pursue their academic and vocational goals. Through its scholarship program, the organization plays a significant role in bridging the financial gap for many deserving students, thereby enabling them to pursue their higher education dreams.
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Impact
August, 2024
The impact of the Rotary Club of Wilmington Educational Foundation is evident in its provision of academic and vocational scholarships to students in the Wilmington and New Castle County area. By offering financial aid primarily in the form of scholarships, the foundation supports qualifying students as they pursue higher education and work towards their academic and career goals. Through these scholarships, the foundation plays a direct role in empowering students to access educational opportunities and achieve their full potential.
This information is meant to be a general summary of Rotary Club Of Wilmington Educational 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 2022.
- Investment Income: $14,375
- Gross Receipts: $34,978
Assets and Liabilities:
- Total Assets: $1,661,923
- Total Liabilities: $111,625
- Net Assets: $1,550,298
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Organization Details
Founding Year
1990
Phone
(302) 655-6025Principal Officer
Ashley Cloud
Main Address
PO BOX 685, WILMINGTON, DE, 19899
Website
www.rotarywilmington.orgNTEE Category
Code: B82 - Education
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