Overview
What is Rudolph F Monte Foundation?
The Rudolph F Monte Foundation is a philanthropic organization, situated in Aptos, California. Their primary mission is to advocate for and contribute financially towards the enhancement and preservation of educational facilities. They accomplish this by offering diverse donations to various educational institutions, with the majority of funds being unrestricted. However, they also provide financial aid with specific stipulations, such as for deferred maintenance, facility improvements, computer installations, counseling programs, athletic equipment, and field enhancements. Additionally, the foundation awards scholarships for private schools. In essence, the Rudolph F Monte Foundation is committed to supporting and improving the educational landscape through financial contributions and program sponsorships.
Official website here: www.monte-foundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
The Rudolph F Monte Foundation has achieved a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating is based solely on accountability and finance metrics, indicating that the organization demonstrates a commitment to financial health and transparency. Notably, the foundation has a perfect score in several areas, including having a majority of independent board members and a favorable liabilities to assets ratio.
The foundation's strengths lie in its high program expense ratio of 99.08%, which suggests that the vast majority of its funds are directed towards its charitable activities. Additionally, it has maintained a record of no material diversion of assets, further supporting its accountability. The board's independence and size also enhance the organization's governance structure, providing a solid foundation for decision-making.
However, there are notable areas for improvement, particularly concerning the absence of key policies such as a conflict of interest policy and a whistleblower policy, which received zero points. Additionally, the lack of a document retention and destruction policy raises concerns about governance practices. Addressing these limitations could further strengthen the foundation's overall ratings and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Rudolph F Monte Foundation legitimate?
Rudolph F Monte Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rudolph F Monte 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
Official website here: www.monte-foundation.com
What is the mission statement of Rudolph F Monte Foundation?
The Rudolph F Monte Foundation's mission is centered around promoting education and providing the necessary financial assistance to preserve and enhance the quality of school facilities. They contribute funds to various educational institutions, with the majority of donations being unrestricted. However, they also provide financial support with specific stipulations, such as for deferred maintenance, facility improvements, installation of technology like computers, counseling programs, and athletic equipment. Moreover, the foundation awards scholarships for private schools, demonstrating their commitment to educational support in a comprehensive manner.
Official website here: www.monte-foundation.com
What is the revenue of Rudolph F Monte Foundation?
Rudolph F Monte Foundation's revenue in 2024 was $84,753.
Official website here: www.monte-foundation.com
Who are the executives of Rudolph F Monte Foundation and what are their salaries?
There 100 volunteers at Rudolph F Monte Foundation.
Here are 6 key members and their salaries:
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Official website here: www.monte-foundation.com
Where can I find the form 990 for Rudolph F Monte Foundation?
Rudolph F Monte Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.monte-foundation.com
Learn more at the official website: www.monte-foundation.com
Mission Statement of Rudolph F Monte Foundation
The Rudolph F Monte Foundation is committed to advancing education by providing the necessary financial support to maintain and enhance school facilities. Their mission is twofold: firstly, they aim to improve the infrastructure of educational institutions, and secondly, they offer financial aid to help sustain the quality of education. This support can be unrestricted, allowing schools to allocate funds as they see fit, or it may come with specific conditions, such as funding for deferred maintenance, facility improvements, the installation of computers, counseling programs, athletic equipment, and field improvements. Furthermore, the foundation awards scholarships for students in private schools, providing them with financial assistance to pursue their education.
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Impact
October, 2024
The Rudolph F Monte Foundation plays a vital role in enhancing educational environments by providing essential financial support to schools. Through generous donations, the foundation assists a variety of educational institutions, primarily offering unrestricted funds that allow schools the flexibility to allocate resources where they are most needed.
In addition to general support, the foundation also earmarks funds for specific purposes such as deferred maintenance and facility improvements, the installation of computers, and the enhancement of counseling programs. Athletic initiatives benefit from grants aimed at purchasing equipment and improving fields, contributing to a well-rounded student experience.
Moreover, scholarships awarded for private schools expand educational opportunities for students, fostering a commitment to academic excellence. The foundation's contributions significantly impact the educational landscape in Aptos, CA, and surrounding areas, helping to create better learning conditions and support the growth and development of students.
This information is meant to be a general summary of Rudolph F Monte 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 2024.
- Investment Income: $30,013
- Gross Receipts: $260,561
Assets and Liabilities:
- Total Assets: $689,264
- Total Liabilities: $0
- Net Assets: $689,264
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Organization Details
Founding Year
1995
Principal Officer
Marcus Monte
Website
www.monte-foundation.comNTEE Category
Code: B82 - Education
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