Overview
What is Hopkinsville Rotary Charitable Trust Inc?
Hopkinsville Rotary Charitable Trust Inc is a nonprofit organization located at 1202 South Virginia Street, Hopkinsville, Kentucky 42240. Established for charitable, educational, and scientific purposes, its primary mission is to make contributions to the Rotary Club of Hopkinsville Student Loan Fund. This fund aims to provide financial assistance to students in need, contributing positively to their educational growth. The nonprofit's operations are overseen by a single employee, demonstrating its commitment to its mission within the community.
Official website here: www.hopkinsvillerotary.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Hopkinsville Rotary Charitable Trust Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating is determined solely based on the Accountability & Finance beacon, which indicates a strong level of financial health and transparency. The organization has demonstrated commendable practices, including having a fully independent board and no material diversion of assets.
While the trust shows strengths in maintaining a low liabilities-to-assets ratio and a high program expense ratio, there are some areas for improvement. Notably, the organization lacks several key policies, including a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which could enhance its accountability and governance practices.
Overall, the Hopkinsville Rotary Charitable Trust Inc displays solid financial management and transparency, but addressing the missing policies could further strengthen its reputation and trustworthiness among donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Hopkinsville Rotary Charitable Trust Inc legitimate?
Hopkinsville Rotary Charitable Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hopkinsville Rotary Charitable Trust 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: $46,309
For more financial information, click here
Official website here: www.hopkinsvillerotary.com
What is the mission statement of Hopkinsville Rotary Charitable Trust Inc?
The Hopkinsville Rotary Charitable Trust Inc is established with charitable, educational, and scientific objectives. Its primary purpose is to make distributions to the Rotary Club of Hopkinsville Student Loan Fund for these objectives. In essence, the trust's mission is to support the Rotary Club of Hopkinsville and its student loan fund, contributing to educational causes.
Official website here: www.hopkinsvillerotary.com
Who is the CEO of Hopkinsville Rotary Charitable Trust Inc?
Cody Noffsinger is the Director of Hopkinsville Rotary Charitable Trust Inc.
Official website here: www.hopkinsvillerotary.com
What is the revenue of Hopkinsville Rotary Charitable Trust Inc?
Hopkinsville Rotary Charitable Trust Inc's revenue in 2022 was $690,611.
Official website here: www.hopkinsvillerotary.com
Who are the executives of Hopkinsville Rotary Charitable Trust Inc and what are their salaries?
The average compensation at Hopkinsville Rotary Charitable Trust Inc during 2022 was $46,309. There is 1 employee at Hopkinsville Rotary Charitable Trust Inc.
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Official website here: www.hopkinsvillerotary.com
Where can I find the form 990 for Hopkinsville Rotary Charitable Trust Inc?
Hopkinsville Rotary Charitable Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopkinsvillerotary.com
Learn more at the official website: www.hopkinsvillerotary.com
Mission Statement of Hopkinsville Rotary Charitable Trust Inc
Hopkinsville Rotary Charitable Trust Inc is an organization dedicated to serving charitable, educational, and scientific purposes. Its primary mission is to contribute funds to the Rotary Club of Hopkinsville Student Loan Fund, which is established for such purposes. By doing so, the trust aims to support the educational pursuits of individuals, contributing to their personal growth and development. The trust's activities are centered around the distribution of funds to this student loan fund, thereby playing a crucial role in fostering education and academic opportunities.
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Impact
July, 2024
Hopkinsville Rotary Charitable Trust Inc's impact lies in funding the Rotary Club of Hopkinsville Student Loan Fund. By supporting this fund, the organization enables students to pursue higher education without the burden of excessive financial debt. Through its charitable endeavors, the trust plays a crucial role in promoting educational opportunities and empowering individuals to achieve their academic aspirations.
This information is meant to be a general summary of Hopkinsville Rotary Charitable Trust 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: $66,194
- Program Service Revenue: $166,771
- Gross Receipts: $777,897
Assets and Liabilities:
- Total Assets: $3,267,288
- Total Liabilities: $1,932
- Net Assets: $3,265,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN - PAYMENTS
Revenue
$163,469
STUDENT LOAN - MISC
Revenue
$2,459
MISC
Revenue
$843
Organization Details
Phone
(270) 886-3034Principal Officer
Cody Noffsinger
Main Address
1202 SOUTH VIRGINIA STREET, HOPKINSVILLE, KY, 42240
Website
www.hopkinsvillerotary.comNTEE Category
Code: B82 - Education
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