Overview
What is Hanford Rotary Community Foundation?
The Hanford Rotary Community Foundation is a nonprofit organization situated in Hanford. Its primary objective is to collect donations, gifts, and bequests with the intention of supporting local community organizations and initiatives. By distributing these funds, it contributes to charitable and educational pursuits, thereby contributing to the betterment of the Hanford community as per its mission. The foundation's work encompasses various projects and organizations, aiming to make a positive impact on the town.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's performance in areas of accountability and finance, indicating that while there are certain strengths, there are also areas for improvement.
The Hanford Rotary Community Foundation demonstrates strong governance and financial management. It boasts 100% independent board members and has a high program expense ratio of 94.64%, suggesting that the majority of its resources are directed towards its charitable activities. Additionally, the foundation has no material diversion of assets and maintains a low liabilities to assets ratio of 7.77%, which is indicative of sound financial health.
However, the overall rating of 73% and the resulting Two-Star designation suggest that there may be some weaknesses that could be addressed to improve transparency and efficiency. While the organization meets essential accountability metrics, potential donors might want to consider these factors when deciding on their support. Further improvements could enhance the foundation's impact and reputation in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Hanford Rotary Community Foundation legitimate?
Hanford Rotary Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hanford Rotary Community 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:
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Other Salaries and Wages: $0
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What is the mission statement of Hanford Rotary Community Foundation?
The Hanford Rotary Community Foundation's mission involves collecting contributions, gifts, and bequests to fund various community organizations and projects. The primary objective is to enhance these initiatives, focusing on charitable and educational aspects. By distributing these funds, the foundation aims to contribute positively to its community, promoting improvement and support. The Hanford Rotary Community Foundation serves as a crucial entity that channels resources towards community betterment.
Who is the CEO of Hanford Rotary Community Foundation?
Joseph C Casey is the Director of Hanford Rotary Community Foundation. The CEO's salary of Hanford Rotary Community Foundation is $0 and their total compensation is $0.
What is the revenue of Hanford Rotary Community Foundation?
Hanford Rotary Community Foundation's revenue in 2022 was $185,448.
Who are the executives of Hanford Rotary Community Foundation and what are their salaries?
Here are 16 key members and their salaries (Hanford Rotary Community Foundation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Hanford Rotary Community Foundation?
Hanford Rotary Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hanford Rotary Community Foundation
The Hanford Rotary Community Foundation serves as a conduit for contributions, gifts, and bequests, channeling these resources to support community organizations and projects. Its mission is centered around enhancing the town of Hanford by allocating funds for charitable and educational purposes. By doing so, the foundation seeks to contribute to the betterment of the community, aligning its activities with the broader goal of fostering a thriving and improved local environment.
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Impact
October, 2024
The Hanford Rotary Community Foundation plays a vital role in enhancing the quality of life in Hanford, California. By receiving contributions, gifts, and bequests, it allocates funds to support local organizations and initiatives dedicated to community improvement. These financial resources target a range of charitable and educational projects, fostering development and addressing various community needs. Through its efforts, the foundation actively uplifts residents, strengthens local programs, and promotes a collaborative spirit within Hanford, ensuring a lasting positive impact on the town.
This information is meant to be a general summary of Hanford Rotary Community 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: $31,207
- Program Service Revenue: $594
- Gross Receipts: $339,456
Assets and Liabilities:
- Total Assets: $655,538
- Total Liabilities: $51,000
- Net Assets: $604,538
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN FEES
Revenue
$594
Organization Details
Phone
(559) 584-2751Principal Officer
Joseph C Casey
Main Address
1483 BAILEY DRIVE, HANFORD, CA, 93230
NTEE Category
Code: T31 - Philanthropy
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