Overview
What is Rogers Development Foundation?
The Rogers Development Foundation is a community-focused nonprofit organization situated in Rogers, Arkansas. Their primary mission is to coordinate various scholarships for the benefit of local residents. Beyond scholarships, they also engage in projects, studies, and other activities aimed at enhancing and improving the city of Rogers. This includes planning, developing, and upgrading various aspects of the city. The foundation serves as a catalyst for growth and progress in Rogers, Arkansas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Rogers Development Foundation has achieved an impressive 94% score, reflecting a strong commitment to accountability and financial transparency. This score is based entirely on a single beacon score focused on the organization's financial practices, which indicates a high level of efficiency in its operations. The foundation's board is composed entirely of independent members, ensuring unbiased governance and decision-making.
The foundation demonstrates exceptional financial health, with no material diversion of assets reported and a very low liabilities to assets ratio of just 1.73%. Furthermore, it allocates a remarkable 97.59% of its expenses directly to programs, showcasing its dedication to maximizing the impact of its funding. The organization also adheres to best practices with established policies for conflict of interest, whistleblower protections, and document retention.
While the strengths of Rogers Development Foundation are evident, the evaluation primarily highlights financial and governance aspects without addressing programmatic effectiveness or community impact. Therefore, potential donors may want to seek additional information on how the foundation measures its outcomes and the breadth of its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Rogers Development Foundation legitimate?
Rogers Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rogers Development Foundation 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
For more financial information, click here
What is the mission statement of Rogers Development Foundation?
The Rogers Development Foundation's mission is centered around assisting in the development of various projects, studies, and activities, aiming to contribute to planning, development, and improvement efforts. This non-profit organization's primary objective is to aid in the betterment of a community, although the specific location is not provided in the information. In addition, the foundation runs a community-based scholarship program, coordinating various scholarships for the benefit of local residents.
Who is the CEO of Rogers Development Foundation?
Jerry Vest is the Chairman of Rogers Development Foundation.
What is the revenue of Rogers Development Foundation?
Rogers Development Foundation's revenue in 2022 was $945,137.
Who are the executives of Rogers Development Foundation and what are their salaries?
There 6 volunteers at Rogers Development Foundation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Rogers Development Foundation?
Rogers Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rogers Development Foundation
The Rogers Development Foundation, as its mission statement suggests, is dedicated to assisting in the development of various projects, studies, and activities. Its primary objective is to aid in the planning, development, and improvement of the city it serves, though the specific location of the city is not provided in the given information. To accomplish this mission, the foundation coordinates a community-based scholarship program, benefiting area residents by providing them with scholarships. This program serves as a crucial tool in furthering education and encouraging growth within the community. By supporting projects, studies, and other activities, the Rogers Development Foundation contributes to the betterment of its community, working tirelessly to improve its overall well-being.
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Impact
July, 2024
The Rogers Development Foundation has had a significant impact on the city of Rogers, Arkansas by providing support for various projects, studies, and activities aimed at improving the community. One of their key initiatives is a community-based scholarship program that coordinates multiple scholarships for the benefit of local residents. Through their efforts, the foundation has played a vital role in promoting education and facilitating the development and enhancement of Rogers, Arkansas.
This information is meant to be a general summary of Rogers Development Foundation. 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: $128
- Program Service Revenue: $122,160
- Gross Receipts: $945,137
Assets and Liabilities:
- Total Assets: $1,325,207
- Total Liabilities: $24,147
- Net Assets: $1,301,060
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISC PROGRAM INCOME
Revenue
$122,160
Organization Details
Founding Year
1989
Phone
(479) 636-1240Principal Officer
Jerry Vest
Main Address
317 W WALNUT, ROGERS, AR, 72756
NTEE Category
Code: B82Z - Education
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