Overview
What is Rotary Club Of Germantown Charitable Trust?
The Rotary Club Of Germantown Charitable Trust is a nonprofit organization situated in Germantown, Tennessee. Its primary function involves managing and distributing donations, with a focus on funding philanthropic projects and community betterment initiatives led by the Germantown Rotary Club. The organization has demonstrated its commitment to this cause by providing financial aid to educational institutions in India to the tune of $49,000 and offering Rotary Foundation scholarships worth $7,000. The Rotary Club Of Germantown Charitable Trust serves as a crucial financial backbone for the Germantown Rotary Club's charitable endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) with a score of 73%. This rating indicates that while the Rotary Club of Germantown Charitable Trust demonstrates strong accountability and financial health, there are significant areas that require improvement to enhance transparency and governance practices.
The organization excels in maintaining a fully independent board, receiving perfect scores for board composition and lack of material asset diversion. Additionally, it shows a commendable program expense ratio of 98.88%, suggesting that most of its expenditures are directed towards its charitable programs. However, the charity falls short in several governance areas, such as the absence of a conflict of interest policy, whistleblower policy, and a document retention policy, which are critical for operational integrity.
The absence of key documents on its website, including tax forms, further detracts from its overall transparency. These deficiencies have contributed to its lower rating despite its strong financial metrics. Addressing these issues could significantly enhance the organization's credibility and effectiveness in its charitable mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary Club Of Germantown Charitable Trust legitimate?
Rotary Club Of Germantown Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Of Germantown Charitable Trust 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
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What is the mission statement of Rotary Club Of Germantown Charitable Trust?
The Rotary Club Of Germantown Charitable Trust's mission involves receiving, managing, and distributing donations to support the philanthropic and community improvement initiatives undertaken by the Germantown Rotary Club. The trust has contributed significantly to this cause, allocating funds of $49,000 towards India Schools and providing Rotary Foundation scholarships worth $7,000. This organization plays a crucial role in contributing to community development projects, leveraging donations to make a positive impact.
Who is the CEO of Rotary Club Of Germantown Charitable Trust?
Vijay Surpuriya is the President of Rotary Club Of Germantown Charitable Trust.
What is the revenue of Rotary Club Of Germantown Charitable Trust?
Rotary Club Of Germantown Charitable Trust's revenue in 2023 was $64,593.
Who are the executives of Rotary Club Of Germantown Charitable Trust and what are their salaries?
There 10 volunteers at Rotary Club Of Germantown Charitable Trust.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Rotary Club Of Germantown Charitable Trust?
Rotary Club Of Germantown Charitable Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rotary Club Of Germantown Charitable Trust
The Rotary Club Of Germantown Charitable Trust is dedicated to collecting, safeguarding, and distributing funds for the charitable and community enhancement initiatives led by the Germantown Rotary Club. Their primary objective is to channel donations towards projects that aim to uplift the community and promote philanthropy. The trust has previously contributed significantly to education in India, donating an amount of $49,000, and has also supported Rotary Foundation scholarships, contributing $7,000. Through these endeavors, the Rotary Club Of Germantown Charitable Trust plays a pivotal role in enhancing the community and enabling educational opportunities, thereby contributing to a more prosperous and enlightened society.
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Impact
August, 2024
The Rotary Club of Germantown Charitable Trust has made a significant impact by supporting India Schools with a donation of $49,000 as well as funding Rotary Foundation scholarships with $7,000. These contributions have directly benefited communities and individuals in need, demonstrating a commitment to community improvement.
This information is meant to be a general summary of Rotary Club Of Germantown Charitable Trust. 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: $991
- Gross Receipts: $64,593
Assets and Liabilities:
- Total Assets: $115,895
- Total Liabilities: $0
- Net Assets: $115,895
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Organization Details
Founding Year
1977
Phone
(901) 210-6039Principal Officer
Vijay Surpuriya
Main Address
PO BOX 38213, GERMANTOWN, TN, 38183
NTEE Category
Code: S80 - Community improvement
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