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Garner Rotary Club Trust Fund Inc

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

EIN: 561826293 ✦ Garner, NC ✦ Designated as a 501(c)(3)

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Overview

What is Garner Rotary Club Trust Fund Inc?

Garner Rotary Club Trust Fund Inc, based in Garner, North Carolina, is a nonprofit organization known for its commitment to awarding scholarships. This community-focused entity extends its support to students residing in Wake County, who have been accepted into accredited colleges, universities, or technical schools. The scholarships, funded by the Trust, are merit-based and are not influenced by factors such as race, religion, gender, or national origin. The primary mission of Garner Rotary Club Trust Fund Inc is to empower local talent with the opportunity to pursue higher education, thereby contributing positively to society.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 70%

The Garner Rotary Club Trust Fund Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its overall accountability and financial practices. Although the organization scored well in areas such as independent board membership and its program expense ratio, which is exceptionally high at 100%, it lacks essential governance documentation and policies that are crucial for transparency.

Several areas have been highlighted as shortcomings, including missing a website and key operational policies like conflict of interest, whistleblower, and document retention policies. The absence of these policies raises concerns about the organization's governance and accountability practices. Additionally, the lack of posted tax forms and documentation of board meeting minutes further impacts transparency.

Despite these limitations, the Garner Rotary Club Trust Fund Inc demonstrates strong financial health with a low liabilities-to-assets ratio, indicating sound fiscal management. However, the organization needs to address its governance issues to enhance its overall effectiveness and trustworthiness in the eyes of potential donors and the community.


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

Is Garner Rotary Club Trust Fund Inc legitimate?

Garner Rotary Club Trust Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garner Rotary Club Trust Fund Inc 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 Garner Rotary Club Trust Fund Inc?

The Garner Rotary Club Trust Fund Inc's mission is centered around providing financial aid to deserving students. This non-profit organization awards scholarships to students who are eligible for admission to accredited colleges, universities, or technical schools in Wake County, NC. The scholarship recipients are chosen based on their academic achievements, irrespective of their race, creed, sex, or national origin. The Trust Fund's primary objective is to support the higher education of these students, thereby contributing to their future success.

Who is the CEO of Garner Rotary Club Trust Fund Inc?

Jonathan D Adams is the President of Garner Rotary Club Trust Fund Inc.

What is the revenue of Garner Rotary Club Trust Fund Inc?

Garner Rotary Club Trust Fund Inc's revenue in 2023 was $36,276.

Who are the executives of Garner Rotary Club Trust Fund Inc and what are their salaries?

There 30 volunteers at Garner Rotary Club Trust Fund Inc.


Here are 5 key members and their salaries:


Stone Gulley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Murray (President Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Johnson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Adams (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Castelline (Sergeant At Arms)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Garner Rotary Club Trust Fund Inc?

Garner Rotary Club Trust Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Garner Rotary Club Trust Fund Inc

The Garner Rotary Club Trust Fund Inc, as a charitable organization, is dedicated to awarding scholarships to deserving students residing in Wake County, North Carolina. Eligible recipients must have secured admission to an accredited college, university, or technical school, and demonstrate solid academic achievement. The scholarships are distributed impartially, disregarding factors such as race, religion, sex, or national origin. The primary objective of Garner Rotary Club Trust Fund Inc is to financially support and encourage the higher education of local students, thereby fostering their personal and professional growth.

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Impact




August, 2024

Garner Rotary Club Trust Fund Inc's impact is evident in its dedication to awarding scholarships to students in Wake County, NC who demonstrate scholastic achievement and are eligible for admission to accredited colleges, universities, or technical schools. By providing financial support for higher education, the organization is contributing to the academic and professional growth of deserving individuals in the community, irrespective of their background. Through its commitment to education, Garner Rotary Club Trust Fund Inc is helping to open doors of opportunity and empower students to pursue their aspirations and contribute positively to society.




This information is meant to be a general summary of Garner Rotary Club Trust Fund 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
$36,276 (2023)
Expenses
$16,000 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $21,776
  • Gross Receipts: $36,539

Assets and Liabilities:

  • Total Assets: $671,314
  • Total Liabilities: $0
  • Net Assets: $671,314

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Organization Details

Founding Year

1993

Principal Officer

Jonathan D Adams

Main Address

PO Box 529, Garner, NC, 27529

NTEE Category

Code: B82Z - Education

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