Overview
What is Sarasota Kiwanis Foundation Inc?
The Sarasota Kiwanis Foundation Inc is a nonprofit organization that extends its support to worthy projects aimed at benefiting both the youth and the elderly. Guided by the opinions of its trustees, they identify deserving initiatives and provide necessary aid through grant and scholarship programs. Their mission is deeply rooted in assisting projects that positively impact the lives of young and older individuals within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
The Sarasota Kiwanis Foundation Inc has received a commendable rating of 80%, reflecting a strong performance in accountability and finance. This rating is derived entirely from its accountability measures, indicating that the foundation effectively manages its resources and maintains transparency in its operations.
One of the organization’s notable strengths is its governance structure, featuring a fully independent board with all 10 members being independent. The foundation also reported no material diversion of assets, which highlights its commitment to maintaining financial integrity. Furthermore, it excels in document retention and has a clear record of board meeting minutes, ensuring that its activities are well-documented and accessible.
Financially, the Sarasota Kiwanis Foundation demonstrates effective resource allocation, with an impressive program expense ratio of 90.52%. This means that the majority of its funds are directed toward its programs, supporting its mission. Overall, while the rating is positive, potential donors may want to consider additional qualitative factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Sarasota Kiwanis Foundation Inc legitimate?
Sarasota Kiwanis Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sarasota Kiwanis 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 Sarasota Kiwanis Foundation Inc?
The Sarasota Kiwanis Foundation's mission is to aid worthy initiatives that positively impact both the youth and the elderly. According to their belief, these projects deserve assistance and are chosen based on the judgment of their trustees. The foundation accomplishes this mission by offering grants and scholarships through various programs.
What is the revenue of Sarasota Kiwanis Foundation Inc?
Sarasota Kiwanis Foundation Inc's revenue in 2023 was $45,160.
Who are the executives of Sarasota Kiwanis Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Sarasota Kiwanis Foundation Inc?
Sarasota Kiwanis Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sarasota Kiwanis Foundation Inc
The Sarasota Kiwanis Foundation, as per its mission statement, dedicates its efforts to supporting projects that are deemed beneficial for both youth and the elderly. In line with its trustees' discernment, this nonprofit organization provides assistance to projects that fall under this category, aiming to make a positive impact in these communities. Through its programs, the foundation offers grants and scholarships to projects that align with its mission, aiming to uplift and empower these two groups.
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Impact
August, 2024
Sarasota Kiwanis Foundation Inc has a significant impact by supporting worthy projects for youth and the elderly in Sarasota, Florida. Through programs that provide grants and scholarships, the foundation helps improve the community by addressing the needs of these vulnerable populations. Their mission is to support projects that are deemed deserving of assistance by their trustees, ultimately contributing to the well-being and development of youth and elderly individuals in the Sarasota area.
This information is meant to be a general summary of Sarasota Kiwanis 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: $12,201
- Gross Receipts: $52,010
Assets and Liabilities:
- Total Assets: $1,163,662
- Total Liabilities: $4,525
- Net Assets: $1,159,137
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Organization Details
Founding Year
1962
Principal Officer
Ryan Thompson
NTEE Category
Code: S82Z - Community improvement
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