Overview
What is Rotary Club Of Ventura East Foundation Inc?
The Rotary Club of Ventura East Foundation Inc, situated in Ventura, California, serves as a philanthropic entity. Its primary focus is offering scholarships to deserving students who are preparing for college. The scholarship eligibility is carefully evaluated by a dedicated committee. Beyond education, the foundation also extends its support to local non-profit organizations by funding specific programs, as determined by its Board of Directors. This organization embodies a commitment to both community and international service.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Stars
The Rotary Club of Ventura East Foundation Inc has received a 65% rating from Charity Navigator, indicating a Two-Star status. This score reflects a solid performance in certain areas, particularly in governance with 90% independent board members and a strong program expense ratio of 87.20%. The organization shows financial responsibility with no liabilities to assets, demonstrating effective management of resources.
However, the rating also highlights significant weaknesses in accountability and transparency practices. The organization has not made essential financial statements available, and important policies such as conflict of interest and whistleblower protections are missing. Additionally, required documentation like board meeting minutes and the posting of tax forms on their website is not present, which raises concerns about the foundation's commitment to transparency and adherence to best practices.
Overall, while the Rotary Club of Ventura East Foundation Inc exhibits strengths in governance and program efficiency, the lack of transparency and missing documentation could hinder trust and accountability among stakeholders. It may benefit from addressing these shortcomings to improve its overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary Club Of Ventura East Foundation Inc legitimate?
Rotary Club Of Ventura East Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Of Ventura East 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.
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What is the mission statement of Rotary Club Of Ventura East Foundation Inc?
The Rotary Club Of Ventura East Foundation Inc's mission is centered around providing scholarships to deserving college-bound students, demonstrating a commitment to their education. Moreover, the foundation extends its service beyond local boundaries, engaging in community and international projects. Its mission is carried out through a meticulous selection process by the scholarship committee and the allocation of funds to local non-profit organizations, as chosen by the board of directors.
Who is the CEO of Rotary Club Of Ventura East Foundation Inc?
Joseph Strohman is the Director of Rotary Club Of Ventura East Foundation Inc.
What is the revenue of Rotary Club Of Ventura East Foundation Inc?
Rotary Club Of Ventura East Foundation Inc's revenue in 2022 was $535,541.
Who are the executives of Rotary Club Of Ventura East Foundation Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Rotary Club Of Ventura East Foundation Inc?
Rotary Club Of Ventura East Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rotary Club Of Ventura East Foundation Inc
The Rotary Club of Ventura East Foundation Inc is committed to two primary objectives: providing scholarships for college-bound students and engaging in both local and international community service. This nonprofit organization meticulously evaluates the eligibility of students seeking scholarships, ensuring that deserving individuals receive financial support to pursue their higher education. Beyond scholarships, the Rotary Club of Ventura East Foundation Inc also invests in various local nonprofit programs, allocating funds based on the discretion of its Board of Directors. By engaging in these two key activities, the foundation aims to contribute positively to the lives of young students and the broader community, both domestically and internationally.
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Impact
July, 2024
The impact of the Rotary Club Of Ventura East Foundation Inc is significant in supporting college-bound students with scholarships and engaging in community and international service projects. Through careful evaluation by the scholarship committee, deserving students are provided with financial assistance to pursue their higher education goals. Furthermore, the Foundation allocates funding to local nonprofits through specific programs identified by the Board of Directors, ultimately contributing to the betterment of the community. This organization's commitment to community improvement is evident through its dedication to empowering students and supporting impactful initiatives locally and globally.
This information is meant to be a general summary of Rotary Club Of Ventura East 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.
- Investment Income: $528,776
- Gross Receipts: $1,195,902
Assets and Liabilities:
- Total Assets: $2,705,354
- Total Liabilities: $0
- Net Assets: $2,705,354
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Organization Details
Principal Officer
Joseph Strohman
Main Address
1050 SOUTH KIMBALL ROAD, VENTURA, CA, 93004
NTEE Category
Code: S80 - Community improvement
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