Overview
What is Addison Rotary Foundation Inc?
Addison Rotary Foundation Inc is a charitable organization situated in Addison, Texas. Their primary mission is to support other charitable organizations in North Texas, focusing on serving children and various charitable causes. They achieve this by raising funds and making grants to eligible organizations directly providing services. An annual highlight of their philanthropic efforts is the Addison Rotary Open, a charitable golf tournament. The event's net proceeds benefit the Ronald McDonald House of Dallas, contributing to its annual operating budget.
Is Addison Rotary Foundation Inc legitimate?
Addison Rotary Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Addison Rotary 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 Addison Rotary Foundation Inc?
The Addison Rotary Foundation, Inc. is a charitable organization that collaborates with the Addison Rotary Club to raise funds for other charitable organizations. Its primary objective is to support other charitable organizations directly providing services to children and various charitable causes in North Texas. By doing so, the foundation makes grants to these organizations to aid in their operations. One of their significant initiatives includes organizing and sponsoring the Addison Rotary Open, a charitable golf tournament. The net proceeds from this event are then donated to the Ronald McDonald House of Dallas to support its annual operating budget. In essence, the Addison Rotary Foundation, Inc. is dedicated to enhancing the lives of children and supporting various charitable programs in North Texas through fundraising and grant-making activities.
Who is the CEO of Addison Rotary Foundation Inc?
Paul Spencer is the Member of Addison Rotary Foundation Inc.
What is the revenue of Addison Rotary Foundation Inc?
Addison Rotary Foundation Inc's revenue in 2022 was $180,642.
Who are the executives of Addison Rotary Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Addison Rotary Foundation Inc?
Addison Rotary Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Addison Rotary Foundation Inc
The Addison Rotary Foundation, Inc. is a charitable organization that works in tandem with the Addison Rotary Club to raise funds for other charitable organizations serving children and various charitable causes in North Texas. Its mission is to support these charitable organizations by making grants to those directly providing services to children and other charitable programs within the region. One of the ways the foundation accomplishes this is through the annual Addison Rotary Open, a charitable golf tournament. The net proceeds from this event are then donated to the Ronald McDonald House of Dallas, contributing to its ongoing annual operating budget. In essence, the Addison Rotary Foundation, Inc. plays a crucial role in supporting the vital work of other charitable organizations in North Texas, focusing on the welfare of children and various charitable causes.
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Impact
October, 2024
Addison Rotary Foundation Inc significantly impacts the North Texas community by raising vital funds for various charitable organizations, particularly those focused on serving children. Through initiatives like the Addison Rotary Open, a charitable golf tournament, the foundation channels 100% of its net proceeds to support essential services such as the ongoing operations of the Ronald McDonald House of Dallas. This funding plays a crucial role in enhancing the quality of life for families in need, underscoring the foundation's commitment to community improvement and support for charitable programs. By collaborating with the Addison Rotary Club, the foundation amplifies its reach and capacity to provide meaningful assistance to organizations dedicated to helping those in need across the region.
This information is meant to be a general summary of Addison Rotary 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.
- Program Service Revenue: $185,817
- Gross Receipts: $180,642
Assets and Liabilities:
- Total Assets: $10,581
- Total Liabilities: $9,098
- Net Assets: $1,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$185,817
Organization Details
Founding Year
1990
Principal Officer
Paul Spencer
Main Address
PO BOX 126, ADDISON, TX, 75001
NTEE Category
Code: S82Z - Community improvement
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