Overview
What is The Cocoa Rotary Foundation Inc?
The Cocoa Rotary Foundation Inc, located in Cocoa, Florida, is a nonprofit organization that is committed to supporting its local community. Their primary focus lies in providing scholarships and contributing to various charitable events and causes. Through their initiatives, they offer financial assistance to deserving individuals and contribute to community events, thereby making a positive impact in the lives of many.
Official website here: www.cocoarotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Cocoa Rotary Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a fairly strong performance in its operations and governance. The organization scored particularly well in areas such as having a majority of independent board members and maintaining a low liabilities to assets ratio. These factors contribute to a transparent and accountable structure, which is crucial for nonprofit effectiveness.
Strengths of the Cocoa Rotary Foundation include a perfect score in Program Expense Ratio, which reflects that 100% of its expenses are dedicated to its programs. This is a significant indicator of the charity's commitment to its mission and the effective use of donations. Additionally, the foundation has demonstrated strong governance practices, as evidenced by its complete compliance in documenting board meeting minutes and listing its website on tax forms.
However, while the organization has shown commendable strengths in governance and financial management, the overall rating suggests there may be areas for improvement to enhance its performance further. Continuous monitoring of its operational effectiveness and exploring opportunities for growth could help the foundation achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Cocoa Rotary Foundation Inc legitimate?
The Cocoa Rotary Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cocoa Rotary 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.
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Official website here: www.cocoarotary.org
What is the mission statement of The Cocoa Rotary Foundation Inc?
The Cocoa Rotary Foundation Inc's mission revolves around providing scholarships and making donations to various community events and charities. This organization actively supports local educational initiatives and contributes to the betterment of community projects and events. By offering scholarships, they aim to empower individuals with the opportunity for higher education, and through donations, they contribute to the overall well-being and development of their community.
Official website here: www.cocoarotary.org
What is the revenue of The Cocoa Rotary Foundation Inc?
The Cocoa Rotary Foundation Inc's revenue in 2024 was $55,644.
Official website here: www.cocoarotary.org
Who are the executives of The Cocoa Rotary Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.cocoarotary.org
Where can I find the form 990 for The Cocoa Rotary Foundation Inc?
The Cocoa Rotary Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cocoarotary.org
Learn more at the official website: www.cocoarotary.org
Mission Statement of The Cocoa Rotary Foundation Inc
The Cocoa Rotary Foundation Inc is committed to making a positive impact in its community. Its primary mission is to extend scholarships and make donations to various local events and charitable organizations. By doing so, the foundation aims to support individuals in their educational pursuits and contribute to the well-being of the community as a whole. The Cocoa Rotary Foundation Inc's activities are centered around this mission, providing financial assistance and resources to worthy causes.
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Impact
August, 2024
The Cocoa Rotary Foundation Inc provides vital support through scholarships and donations to community events and local charities in Cocoa, Florida. This impact is pivotal in fostering educational opportunities, supporting community initiatives, and ensuring the well-being of those in need within the local area. The Foundation's dedication to education and philanthropy plays a significant role in enhancing the quality of life for individuals and strengthening the community as a whole.
This information is meant to be a general summary of The Cocoa Rotary 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 2024.
- Investment Income: $3,178
- Gross Receipts: $64,562
Assets and Liabilities:
- Total Assets: $191,318
- Total Liabilities: $0
- Net Assets: $191,318
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Organization Details
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