Overview
What is Yakima Rotary Trust?
Yakima Rotary Trust is a charitable organization located in Yakima, Washington. Established to enhance the quality of life in the Yakima area, the trust supports local Rotary clubs, such as Yakima Rotary, Yakima Southwest Rotary, and Yakima Sunrise Rotary, by offering matching grants for projects and programs. In the 2021-2022 fiscal year, they funded initiatives like the Martin Luther King Jr. Playground, Rotary Playground at the Greenway, and Operation Harvest. Additionally, they started supporting a new project, the Rotary Marketplace in downtown Yakima. The trust also administers the Mollie Davis Scholarship Program, offering annual scholarships to Yakima County residents pursuing undergraduate studies. Over the years, 490 students have received scholarships with a total value exceeding $9 million. The mission of Yakima Rotary Trust is to serve as a vehicle to receive memorials, bequests, and gifts for the betterment of the Yakima community.
Official website here: www.yakimarotarytrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
The Yakima Rotary Trust has received an 81% score, which translates to a Three-Star rating, indicating a solid level of accountability and financial management. This score is exclusively derived from its Accountability & Finance metrics, showcasing the organization’s commitment to transparency and effective use of resources.
The Trust exhibits strengths in several key areas, such as having a completely independent board of 19 members and no material diversion of assets, which suggests robust governance practices. Additionally, the organization has a very high program expense ratio of 95.81%, indicating that a significant portion of its funding goes directly to its charitable programs rather than administrative costs.
While the overall rating is commendable, it is important to acknowledge that the score is solely based on financial accountability metrics. Future evaluations may benefit from additional factors such as impact measurement or donor feedback to provide a more comprehensive view of the Trust's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Yakima Rotary Trust legitimate?
Yakima Rotary Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yakima Rotary Trust 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
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Other Salaries and Wages: $19,245
For more financial information, click here
Official website here: www.yakimarotarytrust.org
What is the mission statement of Yakima Rotary Trust?
The Yakima Rotary Trust serves as a platform to receive memorials, bequests, and gifts, with the intention of improving the quality of life for citizens within the community. Throughout the 2021-2022 fiscal year, the trust supported various Rotary clubs in Yakima by providing matching grants for projects and programs that enhance the local community. Completed projects during this period included the Martin Luther King Jr. playground, the Rotary playground at the Greenway, and Operation Harvest. A new project, the Rotary Marketplace in downtown Yakima, was also initiated. Additionally, the trust administers the Mollie Davis Scholarship Program, an annual scholarship that awards renewable scholarships to residents of Yakima County for undergraduate studies, offering financial aid for tuition, books, and mandatory class fees at accredited two or four-year colleges or universities of their choice. As of June 2022, over 490 students have benefited from this scholarship program, with a total value exceeding $9 million.
Official website here: www.yakimarotarytrust.org
Who is the CEO of Yakima Rotary Trust?
Pam Cleaver is the President of Yakima Rotary Trust.
Official website here: www.yakimarotarytrust.org
What is the revenue of Yakima Rotary Trust?
Yakima Rotary Trust's revenue in 2022 was $1,519,189.
Official website here: www.yakimarotarytrust.org
Who are the executives of Yakima Rotary Trust and what are their salaries?
The average compensation at Yakima Rotary Trust during 2022 was $19,245. There is 1 employee and 50 volunteers at Yakima Rotary Trust.
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Official website here: www.yakimarotarytrust.org
Where can I find the form 990 for Yakima Rotary Trust?
Yakima Rotary Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yakimarotarytrust.org
Learn more at the official website: www.yakimarotarytrust.org
Mission Statement of Yakima Rotary Trust
The Yakima Rotary Trust, as a charitable organization, serves as a vessel to receive memorials, bequests, and gifts. Its mission is to utilize these resources to enhance the quality of life for the citizens residing in the Yakima area. Throughout the 2021-2022 fiscal year, the Trust maintained its commitment to supporting the Yakima Rotary, Yakima Southwest Rotary, and Yakima Sunrise Rotary clubs by providing matching grants for projects and programs that aim to improve the overall quality of life within Yakima. Some of the completed projects during this period included the Martin Luther King, Jr. Playground, the Rotary Playground at the Greenway, and support for Operation Harvest. A new project, the Rotary Marketplace in downtown Yakima, was also started during this time.
In addition to its support for local Rotary clubs, the Yakima Rotary Trust administers the Mollie Davis Scholarship Program. This annual program offers renewable scholarships to residents of Yakima County who plan to continue their undergraduate study at accredited two or four-year colleges or universities of their choice. Since its inception, 490 students have been awarded renewable scholarships, totaling over $9 million in value throughout their scholarships' lifetimes. The Yakima Rotary Trust's mission ultimately aims to contribute to the betterment of the community and the lives of its residents.
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Impact
July, 2024
During the 2021-2022 fiscal year, the Yakima Rotary Trust made a significant impact in the Yakima community by providing support to various Rotary clubs and funding projects that enhance the quality of life in Yakima. This included contributions towards the development of the Martin Luther King, Jr. Playground, the Rotary Playground at the Greenway, and support for Operation Harvest. Additionally, the Trust initiated the Rotary Marketplace project in downtown Yakima, further contributing to the community's growth and well-being. Furthermore, through the Mollie Davis Scholarship Program, the Trust has awarded scholarships to 490 students from Yakima County, totaling over $9 million in scholarship value to support their undergraduate education. The Trust's commitment to philanthropy and community betterment is evident in its impactful contributions and support for educational advancement in the Yakima area.
This information is meant to be a general summary of Yakima Rotary Trust. 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: $110,872
- Gross Receipts: $2,964,709
Assets and Liabilities:
- Total Assets: $3,534,336
- Total Liabilities: $55,742
- Net Assets: $3,478,594
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Organization Details
Founding Year
1995
Phone
(509) 452-8332Principal Officer
Pam Cleaver
Main Address
PO BOX 464, YAKIMA, WA, 98907
Website
www.yakimarotarytrust.orgNTEE Category
Code: T70 - Philanthropy
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