Overview
What is Las Vegas Rotary Foundation Inc?
Las Vegas Rotary Foundation Inc is a nonprofit organization situated in Las Vegas, Nevada. Its primary mission is to enhance the well-being of underprivileged youth in the local community by raising and managing funds. These funds are channeled towards educational and community service initiatives, ultimately improving the overall quality of life. The organization, composed of business and professional leaders, is committed to fostering high ethical standards in various vocations and promoting goodwill and peace globally. The Las Vegas Rotary Foundation Inc operates by raising funds and distributing donations to local charities that cater to the welfare needs of underprivileged youth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating. The Las Vegas Rotary Foundation Inc has achieved a moderate rating, indicating some strengths in governance and financial transparency, but also notable weaknesses in documentation and policy adherence.
One of the organization’s strengths is its board composition, with 100% independent members and a strong commitment to accountability reflected in its low liabilities to assets ratio of 2.83%. Additionally, it demonstrates effective program expenditure, with nearly 81% of its expenses directed towards its programs, which is a positive indicator of its operational focus.
However, there are critical areas for improvement. The foundation lacks important documentation such as a whistleblower policy, document retention policy, and publicly accessible financial statements on its website, which have negatively impacted its overall score. These omissions raise concerns about transparency and accountability that potential donors may want to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Las Vegas Rotary Foundation Inc legitimate?
Las Vegas Rotary Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Vegas Rotary 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:
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Professional Fundraising Fees: $0
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What is the mission statement of Las Vegas Rotary Foundation Inc?
The Las Vegas Rotary Foundation Inc is a non-profit organization that focuses on enhancing community life. Its primary mission objectives lie in the domains of education and community service. The organization's purpose is to unite business and professional leaders, encouraging ethical standards and fostering peace and goodwill worldwide. Through humanitarian service, it strives to improve the quality of life, particularly for underprivileged youth. The foundation supports this mission by providing donations to local charities that aid in the welfare of these youth.
Who is the CEO of Las Vegas Rotary Foundation Inc?
Gary Vause is the President of Las Vegas Rotary Foundation Inc.
What is the revenue of Las Vegas Rotary Foundation Inc?
Las Vegas Rotary Foundation Inc's revenue in 2022 was $540,651.
Who are the executives of Las Vegas Rotary Foundation Inc and what are their salaries?
There 125 volunteers at Las Vegas Rotary Foundation Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Las Vegas Rotary Foundation Inc?
Las Vegas Rotary Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Las Vegas Rotary Foundation Inc
The Las Vegas Rotary Foundation, Inc. is a non-profit organization with a mission to improve the community's quality of life. Their primary objective is to raise and manage funds, which they utilize to support various initiatives aligned with education and community service. The organization's purpose is to assemble business and professional leaders, encouraging them to engage in humanitarian service. This, in turn, fosters high ethical standards across all professions and promotes goodwill and peace worldwide.
In line with their mission, the Las Vegas Rotary Foundation, Inc. actively participates in community services. They do this by providing donations to charities based in the Las Vegas area. These charities focus on improving the welfare of underprivileged youth. This commitment to community service and education reflects the Foundation's dedication to making a positive impact on the lives of individuals within its community.
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Impact
July, 2024
Las Vegas Rotary Foundation Inc's impact is best seen through its dedicated efforts to enhance the quality of life in the community through education and community service. By raising and managing funds for the benefit of those in need, particularly underprivileged youth in the Las Vegas area, the foundation plays a crucial role in supporting local charities and organizations that work towards improving the welfare of the community. Through its mission objectives, the foundation brings together business and professional leaders to provide humanitarian service, encourage ethical standards, and promote goodwill and peace in the world. In doing so, Las Vegas Rotary Foundation Inc is making a significant positive impact on the lives of individuals and the wider community, ultimately contributing to a better and more vibrant society.
This information is meant to be a general summary of Las Vegas Rotary 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 2022.
- Investment Income: $170,525
- Gross Receipts: $6,124,883
Assets and Liabilities:
- Total Assets: $3,107,738
- Total Liabilities: $88,218
- Net Assets: $3,019,520
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Organization Details
Founding Year
1999
Principal Officer
Gary Vause
Main Address
PO BOX 15152, LAS VEGAS, NV, 891145152
NTEE Category
Code: B82 - Education
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