Framingham Rotary Charitable Foundation Inc

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

EIN: 550800360 ✦ Framingham, MA ✦ Designated as a 501(c)(3)

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Overview

What is Framingham Rotary Charitable Foundation Inc?

The Framingham Rotary Charitable Foundation Inc is a nonprofit organization that offers financial assistance to eligible local community, educational, and international service projects. Their Rak Committee provides aid to individuals in need, identified by its chapter members, through special assistance. Furthermore, the foundation supports Section 501c(3) organizations within their service area, contributing to their tax-exempt purposes. In essence, the Framingham Rotary Charitable Foundation seeks to enhance the community and beyond through financial contributions and individual assistance.

Is Framingham Rotary Charitable Foundation Inc legitimate?

Framingham Rotary Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Framingham Rotary Charitable Foundation 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 Framingham Rotary Charitable Foundation Inc?

The Framingham Rotary Charitable Foundation's mission is centered around providing financial aid to eligible community, educational, and international service projects. It also has a committee known as Rak, which extends aid to individuals in need, identified by the foundation's chapter members. Furthermore, the foundation supports Section 501c(3) organizations within its service area, assisting them in achieving their tax-exempt purposes.

Who is the CEO of Framingham Rotary Charitable Foundation Inc?

Jack Colamaria is the President of Framingham Rotary Charitable Foundation Inc.

What is the revenue of Framingham Rotary Charitable Foundation Inc?

Framingham Rotary Charitable Foundation Inc's revenue in 2023 was $67,879.

Who are the executives of Framingham Rotary Charitable Foundation Inc and what are their salaries?


Here are 9 key members and their salaries:


Andrew Toorock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Karpouzis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Erdelt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Ottaviani (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vance Willims (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Reimann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Colamaria (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Patterson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Banerjee (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Framingham Rotary Charitable Foundation Inc?

Framingham Rotary Charitable Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Framingham Rotary Charitable Foundation Inc

The Framingham Rotary Charitable Foundation is an organization dedicated to providing financial assistance to community, educational, and international service projects that meet specific criteria. This nonprofit entity is committed to supporting qualified projects and initiatives, ensuring they can fulfill their tax-exempt purposes. Beyond its financial support, the foundation also has a Rak Committee, which extends aid to individuals in need, identified by the foundation's chapter members. These individuals receive special assistance thanks to the efforts of the Rak Committee. In essence, the Framingham Rotary Charitable Foundation serves as a catalyst for positive change, empowering local and international initiatives to thrive and make a difference in their respective communities.

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Impact




August, 2024

The impact of Framingham Rotary Charitable Foundation Inc is significant in providing financial support to qualified local community, educational, and international service projects. Additionally, through its Rak Committee, the foundation offers aid to individuals identified by chapter members needing special assistance. The foundation also plays a vital role in financially supporting Section 501c(3) organizations within their service area for their tax-exempt purposes. Through these efforts, Framingham Rotary Charitable Foundation Inc positively impacts the community by supporting human services and addressing various needs.




This information is meant to be a general summary of Framingham Rotary Charitable Foundation 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.

Revenue
$67,879 (2023)
Expenses
$59,490 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $36
  • Gross Receipts: $70,889

Assets and Liabilities:

  • Total Assets: $53,090
  • Total Liabilities: $0
  • Net Assets: $53,090

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Organization Details

Principal Officer

Jack Colamaria

Main Address

PO BOX 2173, FRAMINGHAM, MA, 01703

NTEE Category

Code: P20 - Human services

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