Overview
What is Rotary Club Of Morgan Hill Endowment Fund?
The Rotary Club of Morgan Hill Endowment is a locally established, charitable organization, operating without government involvement. Its primary objective is to accumulate funds for the betterment and philanthropic purposes of the community, with a commitment to sustain these resources indefinitely. The Endowment receives contributions from various sources, such as individuals, families, trusts, foundations, and corporations, who seek the gratification and tax benefits derived from their benevolent actions. Each year, the income generated from these gifts, comprising interest and dividends, is allocated for the Club's philanthropic endeavors.
Is Rotary Club Of Morgan Hill Endowment Fund legitimate?
Rotary Club Of Morgan Hill Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Of Morgan Hill Endowment Fund 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 Rotary Club Of Morgan Hill Endowment Fund?
The Rotary Club Of Morgan Hill Endowment Fund serves as a local, non-profit organization with a mission to provide funds for benevolent and philanthropic purposes within the community. This mission is realized through contributions from individuals, families, trusts, foundations, and corporations, with the resulting interest and dividends utilized for all philanthropic giving by the Rotary Club. The Endowment is funded through direct tax-deductible contributions and the proceeds of the Rotary Club's fundraising activities, ensuring the availability of funds for community betterment in perpetuity.
Who is the CEO of Rotary Club Of Morgan Hill Endowment Fund?
Jeff Perkins is the President of Rotary Club Of Morgan Hill Endowment Fund.
What is the revenue of Rotary Club Of Morgan Hill Endowment Fund?
Rotary Club Of Morgan Hill Endowment Fund's revenue in 2023 was $259,545.
Who are the executives of Rotary Club Of Morgan Hill Endowment Fund and what are their salaries?
There 100 volunteers at Rotary Club Of Morgan Hill Endowment Fund.
Here are 3 key members and their salaries:
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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 Rotary Club Of Morgan Hill Endowment Fund?
Rotary Club Of Morgan Hill Endowment Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rotary Club Of Morgan Hill Endowment Fund
The Rotary Club of Morgan Hill Endowment Fund is a local, non-profit organization with a mission to provide funds for benevolent and philanthropic purposes within the community. This endowment is funded through direct, tax-deductible contributions from individuals and businesses, as well as the proceeds from the Rotary Club's fundraising activities. Every year, the Endowment generates interest and dividends from these contributions, which are then utilized for all philanthropic giving by the Rotary Club. In essence, the Rotary Club of Morgan Hill Endowment Fund serves as a perpetual source of financial support for charitable causes within the community, providing both organizations and individuals with the opportunity to make a lasting impact.
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Impact
October, 2024
The Rotary Club of Morgan Hill Endowment Fund significantly impacts the community by facilitating philanthropic giving that supports various benevolent initiatives. By receiving contributions from individuals, families, trusts, foundations, and corporations, the Fund creates a sustainable source of financial support for local projects and programs. Each year, the interest and dividends generated from these gifts are allocated to meaningful causes, allowing the club to address community needs and enhance the overall quality of life in Morgan Hill.
This dedicated effort ensures that resources are available for a range of projects, from educational programs to local improvements, fostering a spirit of community engagement and collaboration. The Endowment's lasting commitment to funding benevolent activities helps to create a resilient and thriving community, demonstrating the power of collective generosity.
This information is meant to be a general summary of Rotary Club Of Morgan Hill Endowment Fund. 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.
- Investment Income: $108,403
- Gross Receipts: $259,545
Assets and Liabilities:
- Total Assets: $1,483,433
- Total Liabilities: $5,000
- Net Assets: $1,478,433
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Organization Details
Founding Year
1992
Principal Officer
Jeff Perkins
Main Address
PO BOX 283, MORGAN HILL, CA, 95038
NTEE Category
Code: S80 - Community improvement
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