Overview
What is Rotary Club Of Harrisburg Endowment Fund Inc?
The Rotary Club of Harrisburg Endowment Fund Inc, located in Houston, Texas, is a nonprofit organization dedicated to supporting low-income families within the Houston Independent School District. Through investment activities and earnings, the fund awards scholarships ranging from $500 to $2,000 to eligible students. The organization's primary mission is to build the fund to a level that allows for annual scholarship awards to children from economically disadvantaged families in the district and to contribute to local community service projects. The Rotary Club of Harrisburg Endowment Fund Inc continually works towards enhancing educational opportunities and uplifting the community by providing financial aid and supporting local initiatives.
Official website here: www.rotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Rotary Club of Harrisburg Endowment Fund Inc has received an overall score of 83%, indicating a solid performance in accountability and finance. This score is based on a comprehensive assessment focusing solely on financial practices, which is crucial for donor confidence and transparency. The organization holds a three-star rating, demonstrating a commendable level of fiscal responsibility and governance.
One of the key strengths of the organization lies in its governance structure. It boasts a fully independent board, with 100% of its members being independent, and it has a sound board size of five members. Additionally, there have been no material diversions of assets reported, which enhances trust in the organization's financial integrity. The fund also maintains a high program expense ratio of 84.19%, indicating that a significant portion of its resources is directed towards its mission.
However, there are some areas of concern regarding the organization’s policies. Notably, the Rotary Club of Harrisburg Endowment Fund is missing a whistleblower policy and a document retention and destruction policy, which are important for ensuring ethical practices and accountability. Despite these limitations, the overall financial health and governance of the organization reflect positively on its commitment to its mission and responsible management of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary Club Of Harrisburg Endowment Fund Inc legitimate?
Rotary Club Of Harrisburg Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Of Harrisburg Endowment Fund 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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Official website here: www.rotary.org
What is the mission statement of Rotary Club Of Harrisburg Endowment Fund Inc?
The Rotary Club of Harrisburg Endowment Fund's primary mission is centered around building its endowment to a substantial level. This goal is aimed at providing annual scholarships for children from low-income families within the Houston Independent School District. In addition, the fund supports local community service projects. Through its investment activities and earnings, the Rotary Club of Harrisburg Endowment Fund is capable of offering financial assistance in the form of scholarships and tuition support to these families. During the recent fiscal year, scholarships ranging from $500 to $2,000 were awarded to eligible students.
Official website here: www.rotary.org
Who is the CEO of Rotary Club Of Harrisburg Endowment Fund Inc?
Jorge Garza is the Treasurer of Rotary Club Of Harrisburg Endowment Fund Inc.
Official website here: www.rotary.org
What is the revenue of Rotary Club Of Harrisburg Endowment Fund Inc?
Rotary Club Of Harrisburg Endowment Fund Inc's revenue in 2022 was $53,008.
Official website here: www.rotary.org
Who are the executives of Rotary Club Of Harrisburg Endowment Fund Inc and what are their salaries?
There 15 volunteers at Rotary Club Of Harrisburg Endowment Fund Inc.
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.rotary.org
Where can I find the form 990 for Rotary Club Of Harrisburg Endowment Fund Inc?
Rotary Club Of Harrisburg Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rotary.org
Learn more at the official website: www.rotary.org
Mission Statement of Rotary Club Of Harrisburg Endowment Fund Inc
The Rotary Club of Harrisburg Endowment Fund, as its primary focus, works diligently to build and grow its resources. This financial foundation serves two main purposes: awarding annual scholarships to children from low-income families within the Houston Independent School District (ISD), and supporting local community service projects. Through investment activities and earnings, the Endowment Fund is capable of providing assistance in the form of scholarships and tuition aid for these families in need. During the fiscal year, scholarships ranging from $500 to $2,000 were granted to deserving students, demonstrating the organization's commitment to uplifting young individuals and their educational pursuits.
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Impact
August, 2024
The impact of the Rotary Club Of Harrisburg Endowment Fund Inc is significant in providing annual scholarships to children of low-income families in the Houston Independent School District. By building their fund through investment activities and earnings, the fund is able to support students with scholarships ranging from $500 to $2,000 each. Additionally, the fund supports local community service projects, contributing to the educational advancement of disadvantaged students and the overall welfare of the community.
This information is meant to be a general summary of Rotary Club Of Harrisburg Endowment Fund 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.
- Investment Income: $18,749
- Gross Receipts: $70,500
Assets and Liabilities:
- Total Assets: $550,274
- Total Liabilities: $0
- Net Assets: $550,274
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Organization Details
Founding Year
1939
Principal Officer
Jorge Garza
Main Address
PO BOX 266743, HOUSTON, TX, 77207
Website
www.rotary.orgNTEE Category
Code: B82 - Education
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