Overview
What is Foundation Of Leonardtown Rotary Inc?
The Foundation of Leonardtown Rotary Inc is a nonprofit organization whose primary objective is to support the Leonardtown Rotary club. By offering an investment opportunity for donations, the foundation allows these funds to grow until they can be utilized to enhance the club's scholarship program and other service initiatives. This nonprofit organization plays a crucial role in furthering the community-focused activities of the Leonardtown Rotary club.
Is Foundation Of Leonardtown Rotary Inc legitimate?
Foundation Of Leonardtown Rotary Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Of Leonardtown Rotary Inc submitted a form 990EZ, 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.
What is the mission statement of Foundation Of Leonardtown Rotary Inc?
The Foundation of Leonardtown Rotary Inc's mission is to support the Leonardtown Rotary club by managing donations. These funds are invested with the intention of utilizing them in the future to enhance the club's scholarship program and other service initiatives. The primary goal is to contribute to the advancement of these programs, ultimately benefiting the community. The foundation serves as a financial resource, allowing the Rotary club to carry out its charitable activities more effectively.
Who is the CEO of Foundation Of Leonardtown Rotary Inc?
Dave Mcdonough is the President of Foundation Of Leonardtown Rotary Inc.
What is the revenue of Foundation Of Leonardtown Rotary Inc?
Foundation Of Leonardtown Rotary Inc's revenue in 2021 was $17,107.
Who are the executives of Foundation Of Leonardtown Rotary Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990EZ for Foundation Of Leonardtown Rotary Inc?
Foundation Of Leonardtown Rotary Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Foundation Of Leonardtown Rotary Inc
The Foundation of Leonardtown Rotary Inc, as a supporting entity, is dedicated to bolstering the Leonardtown Rotary Club. Its primary objective is to offer a platform for donations to accumulate, with the intention of eventually utilizing these funds to strengthen the club's scholarship program and other service initiatives. This mission aims to provide lasting support and growth opportunities for the Leonardtown Rotary Club and the communities it serves.
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Impact
October, 2024
The Foundation of Leonardtown Rotary Inc plays a crucial role in enhancing the service capabilities of the Leonardtown Rotary Club. It effectively channels community donations, allowing them to be invested strategically for future use. This approach ensures that funds are available to support the club's scholarship programs and other community services, fostering educational opportunities and addressing local needs.
By creating a sustainable funding model, the Foundation not only strengthens the Rotary Club's impact but also encourages community engagement and participation in philanthropy. Through its initiatives, it empowers individuals and groups to contribute to meaningful causes, ultimately contributing to the betterment of the Leonardtown community. The Foundation serves as a catalyst for positive change, directly influencing the lives of many through its scholarship awards and various program services.
This information is meant to be a general summary of Foundation Of Leonardtown Rotary 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 2021.
- Investment Income: $2,085
- Gross Receipts: $49,798
Assets and Liabilities:
- Total Assets: $143,024
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- Net Assets: $143,024
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Organization Details
Phone
(301) 475-5671Principal Officer
Dave Mcdonough
Main Address
PO BOX 662, LEONARDTOWN, MD, 20650
NTEE Category
Code: T20Z - Philanthropy
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