Overview
What is Minden Rotary Club Foundation?
The Minden Rotary Club Foundation, situated in Minden, Nevada, is a nonprofit organization dedicated to upholding charitable causes within the Minden and Douglas County region. They aim to establish a perpetual trust fund, which serves to strengthen their ongoing support for these causes, traditionally sponsored by the Minden Rotary Club. Additionally, the foundation encourages bequests for such purposes, furthering their mission to improve the community's well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Minden Rotary Club Foundation has received a solid score of 80%, reflecting a strong emphasis on accountability and financial practices. The foundation's rating is solely based on its accountability and finance metrics, which suggests that the organization maintains high standards in its operational transparency and fiscal responsibility.
Key strengths of the foundation include its fully independent board, which features 100% independent members, indicating a commitment to governance free from outside influence. Additionally, the organization has demonstrated exceptional financial health, with a liabilities-to-assets ratio of 0.00% and an impressive program expense ratio of 98.12%, highlighting that nearly all funds are directed towards its programs and initiatives.
While the foundation has many strengths, it is important to note that the rating is primarily based on financial metrics, and there may be other qualitative aspects of the organization that are not captured in this score. Overall, the Minden Rotary Club Foundation displays strong governance and responsible financial management, making it a trustworthy option for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Minden Rotary Club Foundation legitimate?
Minden Rotary Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minden Rotary Club 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 Minden Rotary Club Foundation?
The Minden Rotary Club Foundation operates with a mission to support charitable causes in its local area, primarily Minden and Douglas County, Nevada. This is achieved through the establishment of a perpetual trust fund and encouraging bequests for such purposes. The foundation aims to contribute to the well-being of the community by assisting in the support of charitable activities that are typically backed by the Minden Rotary Club.
Who is the CEO of Minden Rotary Club Foundation?
Pamela Puglese is the President of Minden Rotary Club Foundation.
What is the revenue of Minden Rotary Club Foundation?
Minden Rotary Club Foundation's revenue in 2023 was $65,719.
Who are the executives of Minden Rotary Club Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Minden Rotary Club Foundation?
Minden Rotary Club Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Minden Rotary Club Foundation
The Minden Rotary Club Foundation, with a presence in its designated area, is committed to fostering charitable initiatives. Its primary mission involves establishing and maintaining a perpetual trust fund, which serves to bolster support for causes that traditionally receive assistance from the Minden Rotary Club within the Minden and Douglas County region of Nevada. Furthermore, the foundation encourages bequests for such charitable purposes, aiming to strengthen its capacity to make a meaningful impact in the community.
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Impact
August, 2024
The Minden Rotary Club Foundation's impact can be seen through its efforts in establishing a perpetual trust fund to support charitable purposes in Minden and Douglas County, Nevada. By encouraging bequests for such purposes, the foundation plays a vital role in advancing education and other community initiatives. Through its dedication to making a difference in the local area, the Minden Rotary Club Foundation contributes to the betterment of lives and the overall well-being of the community.
This information is meant to be a general summary of Minden Rotary Club 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 2023.
- Gross Receipts: $97,218
Assets and Liabilities:
- Total Assets: $83,572
- Total Liabilities: $0
- Net Assets: $83,572
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Organization Details
Founding Year
2002
Principal Officer
Pamela Puglese
Main Address
PO BOX 284, Minden, NV, 89423
NTEE Category
Code: B82 - Education
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