Overview
What is The Rotary Del Norte Foundation Inc?
The Rotary Del Norte Foundation Inc, located in Albuquerque, New Mexico, is a nonprofit organization that focuses on providing aid to disadvantaged individuals within the metropolitan area. Their mission is to support 501(C)(3) organizations whose programs are designed to assist those in need. In line with this mission, they have granted aid to 19 such organizations in the area. The foundation's activities are centered around strengthening these organizations and their programs, thereby contributing to the well-being of the disadvantaged community in Albuquerque.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
The Rotary Del Norte Foundation Inc has received a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a score of 94%, the organization demonstrates effective management and transparency in its operations, which is foundational for maintaining donor trust and engagement.
One of the standout strengths of the foundation is its governance structure, featuring a fully independent board comprised of nine members. The organization has implemented robust policies, including conflict of interest and whistleblower policies, ensuring ethical practices and safeguarding against potential governance issues. Moreover, the foundation has reported no material diversion of assets, which indicates a solid financial integrity.
While the foundation excels in program expense ratio with over 78% of its budget dedicated to programs, it maintains a zero liabilities to assets ratio, underscoring its financial stability. Overall, the Rotary Del Norte Foundation Inc exemplifies a well-managed nonprofit that prioritizes both accountability and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is The Rotary Del Norte Foundation Inc legitimate?
The Rotary Del Norte Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rotary Del Norte Foundation Inc 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 The Rotary Del Norte Foundation Inc?
The Rotary Del Norte Foundation Inc's mission is centered around supporting 501(c)(3) organizations that run programs aimed at assisting disadvantaged individuals within the metropolitan area. The foundation provides financial aid to these organizations, thereby contributing to their efforts to improve the lives of those in need. As of record, the foundation has distributed nineteen grants to such organizations in New Mexico. The primary objective of these grants is to aid disadvantaged individuals within the metropolitan area. The foundation's activities are dedicated to this cause, fostering a sense of community and support for those who require it the most.
What is the revenue of The Rotary Del Norte Foundation Inc?
The Rotary Del Norte Foundation Inc's revenue in 2024 was $101,755.
Who are the executives of The Rotary Del Norte Foundation Inc and what are their salaries?
There 8 volunteers at The Rotary Del Norte Foundation Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for The Rotary Del Norte Foundation Inc?
The Rotary Del Norte Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Rotary Del Norte Foundation Inc
The Rotary Del Norte Foundation Inc is a 501(c)(3) organization that is dedicated to supporting other nonprofits whose programs aim to assist the disadvantaged residing in the Albuquerque metropolitan area. The foundation's mission is centered around providing financial assistance to these organizations, thereby contributing to their efforts in alleviating hardships faced by the disadvantaged population within this region.
In pursuit of this mission, The Rotary Del Norte Foundation Inc has distributed nineteen grants to various 501(c)(3) organizations based in New Mexico. These grants are designed to bolster the programs and initiatives of these nonprofits, thereby enabling them to extend their reach and impact in the Albuquerque metropolitan area. By supporting these organizations, The Rotary Del Norte Foundation Inc plays a crucial role in addressing the needs of the disadvantaged population, thereby promoting social equity and well-being within the community.
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Impact
August, 2024
The Rotary Del Norte Foundation Inc's impact can be seen through the support it provides to 501(c)(3) organizations whose programs assist the disadvantaged in the Albuquerque metropolitan area. With a clear mission to improve the community, the foundation has awarded nineteen grants to such organizations in New Mexico, specifically targeting assistance for the disadvantaged in the Albuquerque metropolitan area. Through these grants, the foundation is making a tangible difference in the lives of those in need, fostering positive change and community improvement.
This information is meant to be a general summary of The Rotary Del Norte Foundation Inc. 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: $49,282
- Gross Receipts: $101,755
Assets and Liabilities:
- Total Assets: $1,149,410
- Total Liabilities: $0
- Net Assets: $1,149,410
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Organization Details
Founding Year
1989
Principal Officer
Carol Rickert Asbury
NTEE Category
Code: S80 - Community improvement
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