Overview
What is Rotary Club Of St Thomas Foundation Inc?
Rotary Club Of St Thomas Foundation Inc is a charitable organization situated in St. Thomas, Virginia Islands. Their primary mission is to support the Rotary Club of St. Thomas in providing academic scholarships to deserving students in financial need. Furthermore, they contribute to various other charitable organizations and public schools, aiming to improve the educational, physical, social, cultural, and environmental well-being of their community. The foundation's activities also include making donations to enhance the overall quality of life for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 60%).
The Rotary Club of St Thomas Foundation Inc has received a Two-Star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. The overall score of 60% reflects a moderate level of accountability and financial health, with strengths noted in having a fully independent board and no material diversion of assets.
However, the organization appears to struggle with transparency and policy implementation. Key documents such as the conflict of interest policy, whistleblower policy, and document retention policy are missing, resulting in low scores in these areas. Furthermore, the charity's website lacks essential information, including the tax form, which can hinder public access to important financial details. Overall, while the foundation shows promise in governance, there are critical gaps in their operational transparency that need to be addressed.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary Club Of St Thomas Foundation Inc legitimate?
Rotary Club Of St Thomas Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Of St Thomas 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 Rotary Club Of St Thomas Foundation Inc?
The Rotary Club of St. Thomas Foundation's mission is to aid the Rotary Club of St. Thomas in offering scholarships to deserving students in need and making donations to various charitable organizations and public schools. The primary goal is to enhance the educational, physical, social, cultural, and environmental well-being of the community. The foundation provides academic scholarships to support students in need, aiming to contribute positively to the community as a whole.
Who is the CEO of Rotary Club Of St Thomas Foundation Inc?
James Crites is the President of Rotary Club Of St Thomas Foundation Inc.
What is the revenue of Rotary Club Of St Thomas Foundation Inc?
Rotary Club Of St Thomas Foundation Inc's revenue in 2022 was $39,576.
Who are the executives of Rotary Club Of St Thomas 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 Rotary Club Of St Thomas Foundation Inc?
Rotary Club Of St Thomas Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rotary Club Of St Thomas Foundation Inc
The Rotary Club of St. Thomas Foundation exists to aid the Rotary Club of St. Thomas in their mission to support deserving students in need by providing scholarships and make charitable contributions to various organizations and public schools. This foundation is dedicated to enhancing the educational, physical, social, cultural, and environmental well-being of the community. By offering academic scholarships, the Rotary Club of St. Thomas Foundation aims to contribute to the development of future generations, ensuring they have access to quality education and the opportunities that come with it. Additionally, the foundation provides donations to various charitable organizations and public schools, contributing to their efforts in uplifting the community.
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Impact
October, 2024
The Rotary Club of St Thomas Foundation Inc significantly enhances the lives of students and the broader community through its dedicated efforts in providing academic scholarships to deserving students in need. By facilitating access to education, the foundation empowers individuals to pursue their academic goals and create better futures for themselves and their families.
In addition to scholarships, the foundation supports various charitable organizations and public schools, fostering initiatives that promote the educational, physical, social, cultural, and environmental well-being of the community. This holistic approach not only enriches the educational landscape but also strengthens community ties and addresses diverse needs across St Thomas. Through its philanthropic endeavors, the Rotary Club of St Thomas Foundation Inc plays a crucial role in building a more supportive and thriving community for all its residents.
This information is meant to be a general summary of Rotary Club Of St Thomas 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 2022.
- Investment Income: $31,896
- Gross Receipts: $481,517
Assets and Liabilities:
- Total Assets: $826,397
- Total Liabilities: $0
- Net Assets: $826,397
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Organization Details
Founding Year
1974
Principal Officer
James Crites
Main Address
PO BOX 10501, ST THOMAS, VI, 00801
NTEE Category
Code: T30 - Philanthropy
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