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Foundation Of The North Hunterdon Rotary

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521759941 ✦ Clinton, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Foundation Of The North Hunterdon Rotary?

The Foundation of the North Hunterdon Rotary is a community-focused organization situated in Clinton, New Jersey. Its primary objective is to contribute to the educational advancement of high school graduates by offering scholarships. This nonprofit organization is dedicated to supporting local students as they embark on their post-secondary journeys.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 1 Star

The Foundation of the North Hunterdon Rotary has received a One-Star out of Four Star rating from Charity Navigator, indicating a low overall score of 50%. This rating reflects significant concerns regarding the charity's governance and transparency. Notably, the organization has no independent board members, which can raise questions about accountability and oversight.

Despite these governance issues, the foundation demonstrates strong financial health, with a program expense ratio of 96.12%, indicating that a large portion of its expenses directly supports its mission. Additionally, there are no noted material diversions of assets, which suggests responsible management of funds in that aspect. However, the absence of key policies such as conflict of interest and whistleblower protections limits the trustworthiness of its operations.

Moreover, the charity's lack of a website and missing documentation, including board meeting minutes and tax forms, further contributes to its low rating. These deficiencies highlight the need for improvements in organizational practices and transparency, which are crucial for building donor confidence and ensuring effective governance.


This AI summary has been generated from information found on Charity Navigator.

Is Foundation Of The North Hunterdon Rotary legitimate?

Foundation Of The North Hunterdon Rotary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Of The North Hunterdon Rotary 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

What is the mission statement of Foundation Of The North Hunterdon Rotary?

The Foundation of the North Hunterdon Rotary, as a community service organization, is committed to providing scholarships to graduating high school students. This mission statement reflects their dedication to assisting young individuals in furthering their education and reaching their academic goals. By offering scholarships, the foundation aims to alleviate some of the financial burdens associated with higher education, thereby empowering deserving students to pursue their dreams. The organization's activities primarily revolve around this objective, demonstrating their unwavering commitment to educational support.

Who is the CEO of Foundation Of The North Hunterdon Rotary?

Carol Gallo is the President of Foundation Of The North Hunterdon Rotary.

What is the revenue of Foundation Of The North Hunterdon Rotary?

Foundation Of The North Hunterdon Rotary's revenue in 2023 was $34,305.

Who are the executives of Foundation Of The North Hunterdon Rotary and what are their salaries?


Here are 6 key members and their salaries:


Stephen Croghan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Gallo (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Chynoweth (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Les Hall (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Mineur (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norman Goldberg (Assist Treasure)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Foundation Of The North Hunterdon Rotary?

Foundation Of The North Hunterdon Rotary's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Foundation Of The North Hunterdon Rotary

The Foundation of the North Hunterdon Rotary is a dedicated community service organization with a noble mission. Their primary objective, as stated, is to provide financial aid in the form of scholarships to deserving high school graduates. This mission underscores their commitment to investing in the future of young individuals, recognizing their potential and offering them the financial support necessary to pursue higher education. By providing scholarships, the Foundation of the North Hunterdon Rotary is not only contributing to the academic growth of these students but also fostering a sense of responsibility and motivation within the community. The scholarships serve as a testament to the organization's belief in the power of education and its ability to transform lives.

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Impact




August, 2024

The Foundation Of the North Hunterdon Rotary has a significant impact on graduating high school students in Clinton, NJ by providing scholarships to support their education. This assistance helps students pursue their academic goals and achieve their full potential. Through this support, the Foundation contributes to the development of future leaders and professionals, making a positive impact on the local community and beyond.




This information is meant to be a general summary of Foundation Of The North Hunterdon Rotary. 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.

Revenue
$34,305 (2023)
Expenses
$28,184 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $33,249
  • Gross Receipts: $34,974

Assets and Liabilities:

  • Total Assets: $565,252
  • Total Liabilities: $0
  • Net Assets: $565,252

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Organization Details

Founding Year

2002

Principal Officer

Carol Gallo

Main Address

PO BOX 5303, CLINTON, NJ, 08809

NTEE Category

Code: B82Z - Education

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