Overview
What is Marco Island Rotary Club Foundation Inc?
The Marco Island Rotary Club Foundation Inc is a nonprofit organization that is dedicated to supporting local communities. Their primary focus lies in offering college scholarships to deserving individuals and making charitable contributions to various local charities. By doing so, they aim to contribute positively to the educational and societal growth of their community. The foundation's mission is encapsulated in their programs, which emphasize the importance of financial aid for students and charitable contributions to enhance the well-being of local organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
The Marco Island Rotary Club Foundation Inc has achieved an 80% rating from Charity Navigator, indicating a commendable level of accountability and financial health. This rating is derived entirely from the Accountability & Finance beacon, which reflects the nonprofit's commitment to transparency and effective governance practices. The organization has demonstrated strong management practices with a majority of independent board members and no material diversion of assets.
The foundation's financial metrics are also impressive, with a program expense ratio of 83.78%, suggesting that a significant portion of its expenses are directed towards its programs. Additionally, the organization has a perfect score in areas such as conflict of interest policy and the documentation of board meeting minutes, further highlighting its operational integrity.
While the overall rating is solid, it is based on a single beacon score, which may limit the assessment of the organization's overall impact and effectiveness. Nonetheless, the Marco Island Rotary Club Foundation Inc is noted for its strong financial practices and accountability, making it a reliable choice for potential donors seeking to support a transparent nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Marco Island Rotary Club Foundation Inc legitimate?
Marco Island Rotary Club Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marco Island Rotary Club Foundation 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 Marco Island Rotary Club Foundation Inc?
The Marco Island Rotary Club Foundation Inc., as a charitable organization, is dedicated to providing college scholarships and offering financial assistance to local charities. Its mission is centered around these two primary objectives. The foundation contributes charitably to various local organizations and offers scholarships to deserving students, aiming to support education and community development. Through these initiatives, the foundation seeks to make a positive impact in the lives of individuals within its community.
Who is the CEO of Marco Island Rotary Club Foundation Inc?
Patricia Ettensohn is the Chairman of Marco Island Rotary Club Foundation Inc.
What is the revenue of Marco Island Rotary Club Foundation Inc?
Marco Island Rotary Club Foundation Inc's revenue in 2023 was $464,096.
Who are the executives of Marco Island Rotary Club Foundation Inc and what are their salaries?
There 7 volunteers at Marco Island Rotary Club Foundation Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Marco Island Rotary Club Foundation Inc?
Marco Island Rotary Club Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Marco Island Rotary Club Foundation Inc
Marco Island Rotary Club Foundation, a notable organization, is committed to providing college scholarships and making charitable contributions to local charities. Its mission is multifaceted, involving both scholarship programs and charitable donations to benefit the community. The Foundation identifies worthy recipients for college scholarships, offering them financial aid to pursue their higher education goals. Beyond scholarships, the organization also extends its generosity to local charities, contributing funds to support various community initiatives. By doing so, the Marco Island Rotary Club Foundation contributes to the broader well-being of its community, fostering growth and development among its members and the people it serves.
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Impact
July, 2024
The Marco Island Rotary Club Foundation Inc's impact is significant in providing college scholarships and making charitable contributions to local charities in MARCO ISLAND, FL.
This information is meant to be a general summary of Marco Island Rotary Club 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $21,305
- Gross Receipts: $464,096
Assets and Liabilities:
- Total Assets: $884,210
- Total Liabilities: $0
- Net Assets: $884,210
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Organization Details
Founding Year
1993
Phone
(239) 642-7030Principal Officer
Patricia Ettensohn
Main Address
PO Box 353, Marco Island, FL, 34146
NTEE Category
Code: B82 - Education
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