Overview
What is Sausalito Rotary Educational Scholarship Fund?
The Sausalito Rotary Educational Scholarship Fund is a nonprofit organization, situated in Marin County. Its primary mission is twofold: providing vocational scholarships to local residents and offering educational scholarships to students. By granting these scholarships, the fund aims to contribute to the personal and professional development of individuals within its community. The organization's activities are dedicated to empowering Marin County residents and students, thereby fostering growth and opportunity.
Official website here: www.sresf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Sausalito Rotary Educational Scholarship Fund has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score reflects strong governance, with perfect marks for independent board members, board size, and the absence of asset diversion. Additionally, the organization shows positive financial health with an excellent liabilities to assets ratio and a strong program expense ratio.
However, there are notable weaknesses in the organization's transparency and governance practices. The charity received no points for having a conflict of interest policy, whistleblower policy, or for document retention and destruction procedures, which are critical elements for maintaining accountability. Furthermore, the tax form was not posted on the nonprofit's website, indicating a gap in providing accessible information to the public.
Overall, while the Sausalito Rotary Educational Scholarship Fund demonstrates strong accountability in certain areas, the lack of comprehensive governance policies and transparency measures may raise concerns for potential donors and stakeholders. Addressing these limitations could enhance trust and improve the organization’s overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Sausalito Rotary Educational Scholarship Fund legitimate?
Sausalito Rotary Educational Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sausalito Rotary Educational Scholarship Fund 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.sresf.org
What is the mission statement of Sausalito Rotary Educational Scholarship Fund?
The Sausalito Rotary Educational Scholarship Fund's primary mission is centered around providing educational and vocational scholarships. Specifically, their goal is to support students residing in Marin County. By offering these scholarships, they aim to contribute to the academic and vocational growth of these students, thereby empowering them to pursue their future aspirations. The fund's activities are aligned with this mission, providing financial assistance to deserving students who demonstrate potential and need.
Official website here: www.sresf.org
Who is the CEO of Sausalito Rotary Educational Scholarship Fund?
Ronald Albert is the President of Sausalito Rotary Educational Scholarship Fund.
Official website here: www.sresf.org
What is the revenue of Sausalito Rotary Educational Scholarship Fund?
Sausalito Rotary Educational Scholarship Fund's revenue in 2023 was $69,409.
Official website here: www.sresf.org
Who are the executives of Sausalito Rotary Educational Scholarship Fund and what are their salaries?
There 7 volunteers at Sausalito Rotary Educational Scholarship Fund.
Here are 7 key members and their salaries:
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Official website here: www.sresf.org
Where can I find the form 990 for Sausalito Rotary Educational Scholarship Fund?
Sausalito Rotary Educational Scholarship Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sresf.org
Learn more at the official website: www.sresf.org
Mission Statement of Sausalito Rotary Educational Scholarship Fund
The Sausalito Rotary Educational Scholarship Fund is an organization dedicated to providing educational and vocational scholarships to local residents in Marin County. Their mission is twofold: to support students in their pursuit of vocational training and to aid those seeking higher education. By offering these scholarships, the organization aims to empower young individuals, enabling them to pursue their academic and professional goals and contribute positively to their communities.
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Impact
August, 2024
The Sausalito Rotary Educational Scholarship Fund impacts Marin County residents by providing vocational scholarships to students pursuing education and training in various fields. This assistance helps individuals in the community further their education and career prospects, contributing to personal growth and economic development in the region. Additionally, by offering educational scholarships to students, the fund supports the academic pursuits of deserving individuals, facilitating access to higher education and fostering a culture of learning within the community. Through its philanthropic efforts, the Sausalito Rotary Educational Scholarship Fund plays a vital role in empowering individuals to achieve their educational and professional goals.
This information is meant to be a general summary of Sausalito Rotary Educational Scholarship Fund. 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: $68,749
- Gross Receipts: $69,409
Assets and Liabilities:
- Total Assets: $655,775
- Total Liabilities: $0
- Net Assets: $655,775
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Organization Details
Founding Year
1998
Principal Officer
Ronald Albert
Main Address
PO Box 251, Sausalito, CA, 949660251
Website
www.sresf.orgNTEE Category
Code: T30 - Philanthropy
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