Overview
What is Endowment Fund Of Rotary Club Of Fort Worth?
The Endowment Fund of Rotary Club of Fort Worth is a not-for-profit organization, established by the Rotary Club, situated at 306 W 7TH STREET SUITE 305, Fort Worth, Texas 76102. This charitable entity provides financial aid to various educational, benevolent, charitable, educational, civic, and research organizations situated in Tarrant County. Specifically, their primary focus lies in offering educational scholarships, thereby contributing to the community's growth and development.
Official website here: www.rotaryfortworth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Endowment Fund of Rotary Club of Fort Worth has achieved an impressive rating of 97%, reflecting strong performance in accountability and finance. This score is based solely on one beacon category, which indicates that the organization places a high priority on financial integrity and transparency. The charity's use of funds is highly efficient, with an 89.67% program expense ratio, meaning that nearly 90% of its expenses are directed towards its programs and services.
The organization also demonstrates solid governance practices, with a fully independent board of 12 members and no material diversion of assets. It has established comprehensive policies, including those for conflict of interest and whistleblower protection, all of which are publicly listed. This level of oversight and commitment to ethical standards contributes to the charity's overall credibility and reliability.
While the Endowment Fund of Rotary Club of Fort Worth showcases many strengths, like any organization, it is essential for potential donors to stay informed about its ongoing operations and effectiveness. Nonetheless, the high rating indicates a well-managed entity that prioritizes the responsible use of donor contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Endowment Fund Of Rotary Club Of Fort Worth legitimate?
Endowment Fund Of Rotary Club Of Fort Worth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Endowment Fund Of Rotary Club Of Fort Worth 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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For more financial information, click here
Official website here: www.rotaryfortworth.org
What is the mission statement of Endowment Fund Of Rotary Club Of Fort Worth?
The Endowment Fund of the Rotary Club of Fort Worth is a not-for-profit corporation established by the Rotary Club with the purpose of providing support for various charitable, educational, civic, and research organizations in Tarrant County. Its main activity involves offering educational scholarships and contributing to benevolent causes. The fund's mission is to provide financial assistance to organizations that aim to enhance education, promote benevolence, and contribute to the betterment of the community. It supports a wide range of charitable endeavors, including educational institutions, research organizations, and local community projects.
Official website here: www.rotaryfortworth.org
Who is the CEO of Endowment Fund Of Rotary Club Of Fort Worth?
Joseph Michels is the President of Endowment Fund Of Rotary Club Of Fort Worth.
Official website here: www.rotaryfortworth.org
What is the revenue of Endowment Fund Of Rotary Club Of Fort Worth?
Endowment Fund Of Rotary Club Of Fort Worth's revenue in 2022 was $46,324.
Official website here: www.rotaryfortworth.org
Who are the executives of Endowment Fund Of Rotary Club Of Fort Worth and what are their salaries?
There 30 volunteers at Endowment Fund Of Rotary Club Of Fort Worth.
Here are 13 key members and their salaries:
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Official website here: www.rotaryfortworth.org
Where can I find the form 990 for Endowment Fund Of Rotary Club Of Fort Worth?
Endowment Fund Of Rotary Club Of Fort Worth's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rotaryfortworth.org
Learn more at the official website: www.rotaryfortworth.org
Mission Statement of Endowment Fund Of Rotary Club Of Fort Worth
The Endowment Fund of Rotary Club of Fort Worth, as a not-for-profit corporation, was established by the Rotary Club with a mission to provide support for various charitable, educational, civic, and research organizations in Tarrant County. This support primarily focuses on offering educational scholarships, aiming to uplift and empower individuals in the community. The endowment fund serves as a philanthropic entity, contributing to benevolent causes and promoting the betterment of the local community. By providing financial assistance to these organizations, the Endowment Fund of Rotary Club of Fort Worth contributes to a more enriching and supportive environment.
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Impact
August, 2024
The Endowment Fund of Rotary Club of Fort Worth has a significant impact on the community by providing support for educational scholarships and other charitable, civic, and research organizations in Tarrant County. Through its charitable service, the fund plays a crucial role in enhancing educational opportunities and promoting overall welfare in the region. By offering financial assistance to deserving individuals and organizations, the fund contributes to the betterment of Tarrant County, fostering a culture of giving and community improvement.
This information is meant to be a general summary of Endowment Fund Of Rotary Club Of Fort Worth. 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: $29,289
- Gross Receipts: $46,324
Assets and Liabilities:
- Total Assets: $1,036,961
- Total Liabilities: $7,145
- Net Assets: $1,029,816
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Organization Details
Founding Year
1982
Phone
(817) 332-7977Principal Officer
Joseph Michels
Main Address
306 W 7TH STREET SUITE 305, FORT WORTH, TX, 76102
Website
www.rotaryfortworth.orgNTEE Category
Code: S80Z - Community improvement
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