Overview
What is Rotary Club Of Aiken Foundation?
The Rotary Club of Aiken Foundation is a charitable organization situated in Aiken, South Carolina. Its primary mission is to support the local community by providing educational scholarships to graduating high school seniors from the Aiken area. Additionally, the foundation extends its generosity to finance or provide materials and equipment for projects aimed at improving health, living conditions, and overall well-being of others within the community. The foundation demonstrates a commitment to giving back and fostering growth within its community.
Official website here: www.aikenrotary.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Rotary Club of Aiken Foundation has received a score of 83%, which translates to a Three-Star rating. This score is derived solely from its Accountability & Finance metrics, indicating that the organization is performing well in these areas. With a program expense ratio of 99.31%, the foundation allocates nearly all of its expenses to its programs, showcasing a strong commitment to its mission.
The foundation boasts a fully independent board with 10 out of 10 members holding independent status, enhancing its governance. Additionally, it has no material diversion of assets and maintains transparency with its financial documents and website listings. However, there are some governance limitations, as the organization lacks a whistleblower policy and a document retention and destruction policy, both of which are important for comprehensive accountability practices.
Overall, the Rotary Club of Aiken Foundation demonstrates strong financial management and program focus, but it could benefit from strengthening its governance policies to enhance transparency and accountability further.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary Club Of Aiken Foundation legitimate?
Rotary Club Of Aiken Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Of Aiken 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.
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Official website here: www.aikenrotary.com
What is the mission statement of Rotary Club Of Aiken Foundation?
The Rotary Club Of Aiken Foundation, as a charitable organization, is committed to supporting its local community. Its primary mission is to provide educational scholarships to graduating high school seniors from the Aiken area, helping them cover their higher education expenses. Additionally, the foundation offers financial assistance and provides necessary materials and equipment for projects aimed at improving health, living conditions, and overall well-being of others. In essence, the Rotary Club Of Aiken Foundation's mission is to contribute to the community through educational scholarships and grants to community service projects.
Official website here: www.aikenrotary.com
Who is the CEO of Rotary Club Of Aiken Foundation?
Corey Feraldi is the President of Rotary Club Of Aiken Foundation.
Official website here: www.aikenrotary.com
What is the revenue of Rotary Club Of Aiken Foundation?
Rotary Club Of Aiken Foundation's revenue in 2023 was $201,030.
Official website here: www.aikenrotary.com
Who are the executives of Rotary Club Of Aiken Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.aikenrotary.com
Where can I find the form 990 for Rotary Club Of Aiken Foundation?
Rotary Club Of Aiken Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aikenrotary.com
Learn more at the official website: www.aikenrotary.com
Mission Statement of Rotary Club Of Aiken Foundation
The Rotary Club of Aiken Foundation, a charitable organization, is dedicated to supporting its local community. Its mission is twofold: firstly, it offers educational scholarships to graduating seniors from Aiken Area high schools, helping to alleviate the financial burden of higher education. Secondly, the foundation provides financial aid and necessary materials or equipment for projects aimed at improving health, living conditions, and overall well-being of others. In essence, the Rotary Club of Aiken Foundation seeks to empower its community through education and charitable grants, fostering growth and better living standards for its members.
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Impact
October, 2024
The Rotary Club of Aiken Foundation significantly impacts the community by providing vital educational scholarships to graduating high school seniors in the Aiken area, helping them pursue higher education. In addition to supporting individual aspirations, the foundation plays a crucial role in enhancing overall community welfare through grants to local service projects, including funding for Habitat for Humanity and other organizations dedicated to improving lives. By investing in education and community service, the foundation fosters a culture of support and development, empowering both youth and local initiatives.
This information is meant to be a general summary of Rotary Club Of Aiken 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 2023.
- Investment Income: $10,051
- Gross Receipts: $201,030
Assets and Liabilities:
- Total Assets: $369,355
- Total Liabilities: $14,500
- Net Assets: $354,855
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Organization Details
Founding Year
2016
Phone
(803) 270-0854Principal Officer
Corey Feraldi
Main Address
PO BOX 685, AIKEN, SC, 29802
Website
www.aikenrotary.comNTEE Category
Code: B82 - Education
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