Overview
What is Westminster Rotary Foundation?
Westminster Rotary Foundation is a nonprofit organization situated in Mead, Colorado. Its primary focus is on serving the community and addressing local needs through charitable projects and philanthropic activities. The foundation offers scholarships to deserving high school graduates, providing financial aid for their college, community college, or technical school education. The scholarship selection process is based on applicants' financial needs and interviews to determine their eligibility. The foundation's mission is to invest in the future of local youth by funding community service projects and scholarships, thereby contributing positively to the community's growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Westminster Rotary Foundation has received a solid Three-Star rating, reflecting an overall score of 80%. This rating is derived entirely from its accountability and finance practices, signaling that the foundation operates with a strong emphasis on financial transparency and responsible management. The charity's financial health appears robust, with a liability to asset ratio of 0.00%, indicating no significant financial risks.
Strengths highlighted in the assessment include a fully independent board of directors, with all 10 members being independent, which enhances governance and decision-making. The organization effectively documents board meeting minutes and has a well-defined conflict of interest policy, showcasing its commitment to maintaining ethical standards. Additionally, the foundation allocates 100% of its expenses to programs, which indicates a strong focus on its mission rather than administrative costs.
While the foundation demonstrates commendable practices in financial accountability and governance, the limited evaluation metrics—solely focusing on accountability and finance—means that other areas, such as program effectiveness or community impact, are not assessed in this rating. This could result in a lack of comprehensive insight into the charity's overall performance and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Westminster Rotary Foundation legitimate?
Westminster Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westminster Rotary 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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What is the mission statement of Westminster Rotary Foundation?
The Westminster Rotary Foundation's mission revolves around community service and philanthropy. It primarily focuses on funding projects and providing scholarships to deserving high school graduates. The foundation offers financial aid for further education, including technical schools, community colleges, and universities. Scholarships are awarded based on the students' financial needs and a thorough evaluation process to determine their eligibility. The foundation's mission aims to support the educational aspirations of local high school graduates, contributing to their community's development.
Who is the CEO of Westminster Rotary Foundation?
Ron Schaefer is the Director of Westminster Rotary Foundation.
What is the revenue of Westminster Rotary Foundation?
Westminster Rotary Foundation's revenue in 2023 was $48,159.
Who are the executives of Westminster Rotary Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Westminster Rotary Foundation?
Westminster Rotary Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Westminster Rotary Foundation
Westminster Rotary Foundation, a charitable organization, is dedicated to serving the community and addressing its needs through various projects and scholarships. Their primary mission is to provide financial aid to high school graduates seeking higher education, either at a college, community college, or technical school. This philanthropic initiative aims to support deserving students by awarding scholarships based on their financial needs and eligibility, determined through interviews. The foundation's commitment to education and community service reflects its dedication to fostering the growth and development of future generations.
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Impact
August, 2024
Westminster Rotary Foundation's impact can be seen in the support it provides to graduating high school seniors in the local community. By offering scholarships for college, community college, or technical school tuition based on need and eligibility, the foundation is directly helping students further their education and pursue their career goals. This initiative not only aids individuals in their personal development but also contributes to the betterment of the community as a whole. Through its focus on community improvement and service projects, Westminster Rotary Foundation is making a tangible difference in the lives of young people and the future of the area they serve.
This information is meant to be a general summary of Westminster Rotary 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: $43,509
- Gross Receipts: $125,626
Assets and Liabilities:
- Total Assets: $1,066,583
- Total Liabilities: $0
- Net Assets: $1,066,583
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Organization Details
Founding Year
1989
Phone
(303) 746-1668Principal Officer
Ron Schaefer
Main Address
PO BOX 100, MEAD, CO, 80542
NTEE Category
Code: S82Z - Community improvement
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