Overview
What is Norfolk Sertoma Club - Sponsorship Fund?
The Norfolk Sertoma Club - Sponsorship Fund is a nonprofit organization situated in Norfolk, Virginia. It serves as a generous supporter to various charitable organizations in southeastern Virginia by offering direct grants. The primary mission of this organization is to provide funding and aid for activities related to speech and hearing-impaired children. Additionally, they extend their support to other charitable organizations, contributing to their respective missions. The Norfolk Sertoma Club - Sponsorship Fund plays a significant role in the community by investing in initiatives that cater to the needs of speech and hearing-impaired children and various other charitable organizations.
Official website here: www.norfolksertomaclub.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
The Norfolk Sertoma Club - Sponsorship Fund has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and transparency in its operations. The organization scored particularly well in areas such as having a fully independent board and a strong liability to assets ratio, reflecting sound financial management and governance practices.
Strengths of the organization include its commitment to independence with 100% of its board members being independent and a commendable program expense ratio of 66.48%, which suggests that a significant portion of its funds are directed toward its mission-driven activities. The charity also has a clear conflict of interest policy and maintains thorough documentation of board meeting minutes.
However, there are some limitations noted in the evaluation. Notably, the organization is missing a whistleblower policy and a document retention and destruction policy, which are significant components of comprehensive governance. Addressing these areas could enhance the overall transparency and effectiveness of the Norfolk Sertoma Club - Sponsorship Fund.
This AI summary has been generated from information found on Charity Navigator.
Is Norfolk Sertoma Club - Sponsorship Fund legitimate?
Norfolk Sertoma Club - Sponsorship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norfolk Sertoma Club - Sponsorship Fund 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.norfolksertomaclub.org/
What is the mission statement of Norfolk Sertoma Club - Sponsorship Fund?
The Norfolk Sertoma Club's Sponsorship Fund is committed to providing funding and support for various activities related to speech and hearing impaired children. This mission extends beyond their primary focus, as they also offer assistance to other charitable organizations. The organization achieves this by making direct grants to support the missions of the respective organizations in the southeastern Virginia region. In essence, their goal is to contribute positively to the lives of those with speech and hearing impairments and support other charitable causes in their community.
Official website here: www.norfolksertomaclub.org/
Who is the CEO of Norfolk Sertoma Club - Sponsorship Fund?
Jim Larkin is the Chairman of Norfolk Sertoma Club - Sponsorship Fund.
Official website here: www.norfolksertomaclub.org/
What is the revenue of Norfolk Sertoma Club - Sponsorship Fund?
Norfolk Sertoma Club - Sponsorship Fund's revenue in 2023 was $98,430.
Official website here: www.norfolksertomaclub.org/
Who are the executives of Norfolk Sertoma Club - Sponsorship Fund and what are their salaries?
There 150 volunteers at Norfolk Sertoma Club - Sponsorship Fund.
Here are 12 key members and their salaries:
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Official website here: www.norfolksertomaclub.org/
Where can I find the form 990 for Norfolk Sertoma Club - Sponsorship Fund?
Norfolk Sertoma Club - Sponsorship Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.norfolksertomaclub.org/
Learn more at the official website: www.norfolksertomaclub.org/
Mission Statement of Norfolk Sertoma Club - Sponsorship Fund
The Norfolk Sertoma Club - Sponsorship Fund is committed to providing financial assistance and support for a variety of activities related to children with speech and hearing impairments. This nonprofit organization also extends its generosity to other charitable organizations, aiming to help them fulfill their respective missions. By making direct grants, the Norfolk Sertoma Club - Sponsorship Fund plays a crucial role in contributing to the betterment of numerous charitable causes in the southeastern Virginia region.
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Impact
October, 2024
The Norfolk Sertoma Club - Sponsorship Fund significantly impacts the lives of speech and hearing-impaired children and the broader community in Southeastern Virginia. By providing essential funding and support for diverse activities tailored to these children's needs, the Fund helps ensure they receive the resources necessary for communication development and personal growth.
In addition to its focus on children with speech and hearing impairments, the Fund extends its impact by supporting other charitable organizations, fostering a culture of philanthropy and community engagement. Direct grants made to these organizations empower them to carry out their missions, addressing a range of social needs and enhancing the quality of life for individuals and families in the area.
Through its comprehensive approach to philanthropy, the Norfolk Sertoma Club - Sponsorship Fund is a catalyst for positive change, promoting inclusivity and accessibility while strengthening community ties in Norfolk, VA.
This information is meant to be a general summary of Norfolk Sertoma Club - Sponsorship Fund. 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: -$1,163
- Program Service Revenue: $22,501
- Gross Receipts: $202,050
Assets and Liabilities:
- Total Assets: $282,186
- Total Liabilities: $0
- Net Assets: $282,186
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$22,341
NEW MEMBER FEE
Revenue
$160
Organization Details
Principal Officer
Jim Larkin
Main Address
PO BOX 11331, NORFOLK, VA, 23517
Website
www.norfolksertomaclub.org/NTEE Category
Code: T30 - Philanthropy
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