Overview
What is The Los Altos Rotary Endowment Fund Inc?
The Los Altos Rotary Endowment Fund Inc is a nonprofit organization that is closely affiliated with the Rotary Club of Los Altos. Its primary function is to manage donations received by the club, distributing grants, scholarships, and charitable contributions. The ultimate goal is to establish a sustainable endowment for future use. In line with its mission, the fund supports both local and international community and service projects, extending its reach beyond its immediate community. The Los Altos Rotary Endowment Fund Inc serves as a vital resource for worthy organizations, whether they are based domestically, nationally, or internationally, as long as they operate exclusively for charitable, educational, or community-building purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Los Altos Rotary Endowment Fund Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The overall score is derived solely from the Accountability & Finance score, which stands at 83%. This rating reflects the organization’s commitment to transparency and responsible financial practices.
One of the significant strengths of the Endowment Fund is its governance structure, boasting 100% independent board members, which ensures unbiased decision-making and oversight. Additionally, the organization has implemented strong policies regarding material diversion of assets, conflict of interest, and whistleblower protections, all of which contribute to a trustworthy operational framework. The high program expense ratio of 94.08% further emphasizes their focus on delivering impactful programs rather than administrative costs.
While the organization demonstrates robust financial health with a low liabilities to assets ratio of 12.13%, the reliance on a single beacon score means that other operational aspects may not be fully evaluated. Nonetheless, the Endowment Fund's commitment to ethical governance and effective resource allocation positions it as a responsible nonprofit in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Los Altos Rotary Endowment Fund Inc legitimate?
The Los Altos Rotary Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Los Altos Rotary Endowment Fund 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
For more financial information, click here
What is the mission statement of The Los Altos Rotary Endowment Fund Inc?
The Los Altos Rotary Endowment Fund's mission involves managing contributions received by the Rotary Club of Los Altos. The primary purpose is to dispense grants, scholarships, and charitable contributions, with the aim of building an endowment for future use. The fund also supports worthy organizations, whether local, national, or international, that are exclusively dedicated to charitable, educational, or community-building objectives.
What is the revenue of The Los Altos Rotary Endowment Fund Inc?
The Los Altos Rotary Endowment Fund Inc's revenue in 2024 was $375,048.
Who are the executives of The Los Altos Rotary Endowment Fund Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Los Altos Rotary Endowment Fund Inc?
The Los Altos Rotary Endowment Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Los Altos Rotary Endowment Fund Inc
The Los Altos Rotary Endowment Fund is committed to managing contributions received by the Rotary Club of Los Altos. Its primary objective is to dispense grants, scholarships, and charitable contributions to various organizations, both locally and internationally. The fund also aims to build an endowment for the future, ensuring its ability to continue supporting worthy causes indefinitely. The Los Altos Rotary Endowment Fund is dedicated to aiding and supporting organizations that are exclusively focused on charitable, educational, or community-building purposes. These organizations can operate at the local, national, or international level, demonstrating the fund's broad scope and commitment to making a positive impact on a global scale.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Los Altos Rotary Endowment Fund Inc has a significant impact through its management of contributions received by the Rotary Club of Los Altos. By dispensing grants, scholarships, and charitable contributions, the fund actively supports worthy organizations at local, national, and international levels. Through its mission of building an endowment for the future and aiding community and international service projects, the fund contributes to community improvement and fosters positive change in various regions.
This information is meant to be a general summary of The Los Altos Rotary Endowment Fund 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: $57,759
- Gross Receipts: $385,714
Assets and Liabilities:
- Total Assets: $1,449,694
- Total Liabilities: $329,655
- Net Assets: $1,120,039
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1978
Principal Officer
Frank Elmer
NTEE Category
Code: S80 - Community improvement
If you are a representative of The Los Altos Rotary Endowment Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.