Overview
What is Fort Walton Beach Rotary Club Scholarship Inc?
Fort Walton Beach Rotary Club Scholarship Inc is a nonprofit organization situated in Fort Walton Beach, Florida. Their primary mission is to offer educational assistance to deserving students through scholarships. This aid is essential in helping talented individuals pursue their academic goals and ultimately contribute to their communities. The organization's activities revolve around this primary objective, ensuring that deserving students have access to financial support for their studies. Despite not having specific details on the scale or reach of their programs, it is clear that the Fort Walton Beach Rotary Club Scholarship Inc is dedicated to uplifting the educational prospects of young people in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Fort Walton Beach Rotary Club Scholarship Inc demonstrates a solid level of accountability and financial management, reflected by a program expense ratio of 76.95%, which indicates a significant portion of funds is directed towards its programs. The organization has a completely independent board and has shown no material diversion of assets, earning the maximum points in these areas. However, the absence of key policies such as a conflict of interest policy and whistleblower policy raises concerns about governance practices.
Despite these strengths, the organization scored low on transparency due to missing essential documents on its website, including its tax form and document retention policy. This lack of accessible information could hinder public trust and accountability, impacting the organization’s overall rating. Overall, while the Fort Walton Beach Rotary Club Scholarship Inc shows commendable financial practices, it faces challenges in governance and transparency that need to be addressed to enhance its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Walton Beach Rotary Club Scholarship Inc legitimate?
Fort Walton Beach Rotary Club Scholarship Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Walton Beach Rotary Club Scholarship 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
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What is the mission statement of Fort Walton Beach Rotary Club Scholarship Inc?
The Fort Walton Beach Rotary Club Scholarship Inc is dedicated to providing educational assistance to deserving students through the distribution of scholarships. This non-profit organization's mission is centered around recognizing and aiding students who demonstrate academic potential and require financial support for their higher education. By offering scholarships, the club aims to contribute to the academic growth and future success of these students. The club's activities are all geared towards this goal of fostering educational opportunities for deserving individuals.
Who is the CEO of Fort Walton Beach Rotary Club Scholarship Inc?
Joe Meyer is the President of Fort Walton Beach Rotary Club Scholarship Inc.
What is the revenue of Fort Walton Beach Rotary Club Scholarship Inc?
Fort Walton Beach Rotary Club Scholarship Inc's revenue in 2022 was $26,746.
Who are the executives of Fort Walton Beach Rotary Club Scholarship Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Fort Walton Beach Rotary Club Scholarship Inc?
Fort Walton Beach Rotary Club Scholarship Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fort Walton Beach Rotary Club Scholarship Inc
Fort Walton Beach Rotary Club Scholarship Inc is committed to providing educational assistance to deserving students. Their mission is centered around awarding scholarships, aiming to support students who demonstrate promise and dedication to their academic pursuits. This nonprofit organization recognizes the importance of education in shaping the future and aims to help deserving students overcome financial barriers, enabling them to focus on their studies and achieve their potential. By providing educational assistance through scholarships, Fort Walton Beach Rotary Club Scholarship Inc plays a significant role in fostering intellectual growth and empowering the next generation.
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Impact
August, 2024
The Fort Walton Beach Rotary Club Scholarship Inc's impact is significant in providing educational assistance to deserving students through scholarships. The organization's mission is focused on supporting students in their educational pursuits, and their work directly contributes to the empowerment and advancement of individuals seeking academic opportunities. Through their dedication to supporting education, they play a vital role in helping students achieve their academic goals and build a brighter future for themselves.
This information is meant to be a general summary of Fort Walton Beach Rotary Club Scholarship 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 2022.
- Investment Income: $16,502
- Program Service Revenue: $10,244
- Gross Receipts: $26,746
Assets and Liabilities:
- Total Assets: $284,475
- Total Liabilities: $0
- Net Assets: $284,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING
Revenue
$10,244
Organization Details
Founding Year
1988
Phone
(850) 244-4140Principal Officer
Joe Meyer
Main Address
PO BOX 892, FORT WALTON BEACH, FL, 32549
NTEE Category
Code: B82 - Education
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