Overview
What is The Rotary Club Of Spring Hill Foundation Inc?
The Rotary Club of Spring Hill Foundation is a nonprofit organization that prioritizes education by awarding scholarships to individuals and offering grants to eligible educational programs. They also extend their support to 501(c)3 organizations that align with their mission, particularly those aiding needy families identified by other charitable organizations. Furthermore, they contribute to other 501(c)3 entities that share their commitment to education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
The Rotary Club Of Spring Hill Foundation Inc has received a score of 57%, resulting in a One-Star rating, which indicates significant concerns regarding its accountability and finance practices. The score is solely based on the Accountability & Finance beacon, reflecting a lack of transparency and governance in several key areas, including board independence and conflict of interest policies.
One of the organization's strengths is its size of an independent board, which received a perfect score. However, it notably lacks a majority of independent board members, which raises questions about its governance structure. Additionally, the foundation has demonstrated good financial stability, indicated by a strong liabilities to assets ratio, but this is overshadowed by a lack of essential policies and information transparency.
The organization has room for improvement, particularly in areas such as conflict of interest policies, whistleblower policies, and making tax forms accessible on its website. The absence of these fundamental governance practices contributes to its low rating and highlights the need for more robust accountability measures to foster trust and credibility with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Rotary Club Of Spring Hill Foundation Inc legitimate?
The Rotary Club Of Spring Hill Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rotary Club Of Spring Hill 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:
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What is the mission statement of The Rotary Club Of Spring Hill Foundation Inc?
The Rotary Club of Spring Hill Foundation's mission is centered around promoting education. They achieve this by providing scholarships to individuals and grants to qualified educational programs. The foundation also extends its support to needy families, identified by other 501(c)3 organizations, and offers assistance to other charitable organizations that align with its educational mission. In essence, the club's objective is to foster educational growth and development through various avenues.
What is the revenue of The Rotary Club Of Spring Hill Foundation Inc?
The Rotary Club Of Spring Hill Foundation Inc's revenue in 2024 was $25,283.
Who are the executives of The Rotary Club Of Spring Hill Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Rotary Club Of Spring Hill Foundation Inc?
The Rotary Club Of Spring Hill Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Rotary Club Of Spring Hill Foundation Inc
The Rotary Club of Spring Hill Foundation is dedicated to promoting education by providing scholarships to individuals and grants to qualified educational programs. This nonprofit organization believes in the transformative power of education and strives to make it accessible to as many people as possible. In addition to directly aiding individuals, the foundation also supports other 501(c)3 organizations that share its mission of furthering education. One of its initiatives involves assisting needy families identified by other such organizations, demonstrating its commitment to community development and social responsibility. The Rotary Club of Spring Hill Foundation's mission is to enhance the educational landscape by providing financial aid and resources to those in need and to organizations that share its vision.
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Impact
August, 2024
The Rotary Club Of Spring Hill Foundation Inc positively impacts the community by furthering education through scholarships to individuals and grants to qualified educational programs. They support needy families identified by other 501(c)3 organizations and provide support to other organizations that align with their mission. Through their efforts, they contribute to the education and development of individuals in Spring Hill, FL.
This information is meant to be a general summary of The Rotary Club Of Spring Hill 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: $436
- Gross Receipts: $25,283
Assets and Liabilities:
- Total Assets: $56,932
- Total Liabilities: $272
- Net Assets: $56,660
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Organization Details
Founding Year
1991
Principal Officer
Carol Mcelroy
NTEE Category
Code: B82 - Education
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