Overview
What is Thousand Oaks Rotary Foundation?
Thousand Oaks Rotary Foundation is a nonprofit organization situated in Thousand Oaks, California. Its primary mission involves providing financial aid in the form of scholarships to individuals and grants to other nonprofit organizations. This philanthropic entity is particularly dedicated to supporting the Ventura County Special Olympics, contributing funds for their activities. The foundation's work extends beyond this, as it also provides scholarships and grants to various nonprofit organizations, aiming to contribute positively to their respective causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
The Thousand Oaks Rotary Foundation has received an impressive 94% rating from Charity Navigator, which reflects its strong accountability and financial health. The rating is based entirely on a single beacon score, emphasizing the organization’s commitment to maintaining high standards in its operations. With a focus on accountability, the foundation has achieved full marks in critical areas such as independent board membership and the absence of material asset diversions.
Strengths of the organization include a fully independent board of directors and robust policies addressing potential conflicts of interest and whistleblower protections. The foundation’s fiscal responsibility is evident, with a program expense ratio of over 92%, indicating that a significant portion of its funds directly supports its charitable programs. This level of transparency and governance suggests a well-managed organization that prioritizes its mission and donor trust.
While the foundation has demonstrated strong performance metrics, it is essential for potential supporters to consider ongoing community engagement and program impacts in addition to financial ratings. Overall, the Thousand Oaks Rotary Foundation appears to be a solid choice for those looking to contribute to a nonprofit with a proven track record of effective management and community service.
This AI summary has been generated from information found on Charity Navigator.
Is Thousand Oaks Rotary Foundation legitimate?
Thousand Oaks Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thousand Oaks Rotary 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: $2,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Thousand Oaks Rotary Foundation?
The Thousand Oaks Rotary Foundation's mission is centered around providing scholarship awards to individuals and grants to various non-profit organizations. This philanthropic endeavor aims to support and empower various sectors within the community. Furthermore, the foundation has allocated funds for Special Olympics activities in Ventura County, demonstrating its commitment to promoting inclusivity and physical activity for individuals with special needs.
Who is the CEO of Thousand Oaks Rotary Foundation?
Martin Anderson is the President of Thousand Oaks Rotary Foundation.
What is the revenue of Thousand Oaks Rotary Foundation?
Thousand Oaks Rotary Foundation's revenue in 2022 was $147,812.
Who are the executives of Thousand Oaks Rotary Foundation and what are their salaries?
There 130 volunteers at Thousand Oaks Rotary Foundation.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Thousand Oaks Rotary Foundation?
Thousand Oaks Rotary Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thousand Oaks Rotary Foundation
Thousand Oaks Rotary Foundation is a charitable organization with a mission to award scholarships to individuals and provide grants to other non-profit organizations. This mission is geared towards supporting educational pursuits and fostering the growth of various community-based initiatives. One of the notable recipients of their financial aid is the Ventura County Special Olympics, receiving funds for their activities. By doing so, Thousand Oaks Rotary Foundation contributes to the enrichment and development of individuals and communities, playing an essential role in nurturing talents and promoting social causes.
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Impact
October, 2024
The Thousand Oaks Rotary Foundation significantly enhances the local community by providing scholarship awards to individuals and grants to various nonprofit organizations. One of its key initiatives supports the Ventura County Special Olympics, ensuring that funding is available for activities that promote athleticism and inclusion for those with special needs. By facilitating access to educational opportunities and fostering community engagement through grants, the foundation plays a vital role in empowering individuals and strengthening local nonprofit efforts in Thousand Oaks, California. Its work not only enriches the lives of recipients but also inspires a spirit of volunteerism and collective support within the community.
This information is meant to be a general summary of Thousand Oaks Rotary 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: $54,046
- Gross Receipts: $260,062
Assets and Liabilities:
- Total Assets: $894,866
- Total Liabilities: $13,967
- Net Assets: $880,899
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Organization Details
Founding Year
1991
Phone
(805) 497-9796Principal Officer
Martin Anderson
Main Address
PO BOX 1225, THOUSAND OAKS, CA, 91358
NTEE Category
Code: P20Z - Human services
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