Overview
What is Novato Rotary Endowment?
The Novato Rotary Endowment, located at 1013 2nd Street, Novato, CA 94945, is a charitable organization affiliated with the Rotary Club of Novato. Its primary mission is to collect and invest funds, utilizing the income to support approved charitable or educational projects and programs overseen by the Novato Rotary Club Board of Directors. By distributing scholarships to local high school graduates, the Novato Rotary Endowment contributes to the educational advancement of the community.
Official website here: www.novatorotary.org
Is Novato Rotary Endowment legitimate?
Novato Rotary Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Novato Rotary Endowment 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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Official website here: www.novatorotary.org
What is the mission statement of Novato Rotary Endowment?
The Novato Rotary Endowment's primary objective is to collect and invest funds or assets, and subsequently utilize the earnings to support charitable or educational projects and programs that have been endorsed by the Novato Rotary Club's Board of Directors. The endowment serves as a financial resource, channeling its income towards projects that align with the Rotary Club's approved initiatives. Notably, the Rotary Club of Novato also awards scholarships to graduating students from local high schools.
Official website here: www.novatorotary.org
What is the revenue of Novato Rotary Endowment?
Novato Rotary Endowment's revenue in 2024 was $256,767.
Official website here: www.novatorotary.org
Who are the executives of Novato Rotary Endowment and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.novatorotary.org
Where can I find the form 990 for Novato Rotary Endowment?
Novato Rotary Endowment's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.novatorotary.org
Learn more at the official website: www.novatorotary.org
Mission Statement of Novato Rotary Endowment
The Novato Rotary Endowment's primary mission involves accepting and investing funds or assets. This nonprofit organization utilizes the income generated from these investments to support charitable and educational projects and programs that have been endorsed by the Novato Rotary Club Board of Directors. The Novato Rotary Endowment serves as a financial resource, channeling its funds towards initiatives that align with the values and goals of the Novato Rotary Club.
In a broader sense, the Novato Rotary Endowment functions as a philanthropic entity, dedicated to making a positive impact in various communities through its investment income. By supporting charitable and educational projects, the endowment contributes to the betterment of society, addressing a wide range of needs and fostering growth in various sectors. The Novato Rotary Endowment's mission is a testament to its commitment to making a difference and its role as a vital partner in the Novato Rotary Club's efforts to improve lives and communities.
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Impact
October, 2024
The Novato Rotary Endowment significantly impacts the local community by funding charitable and educational initiatives that enhance the lives of residents. Through the endowment, contributions are received and invested, allowing for the generation of income that directly supports a variety of approved projects and programs.
A key area of focus is the scholarship program, which provides financial assistance to students graduating from local high schools. This investment in education helps to empower the youth of Novato, enabling them to pursue higher education and foster their personal and professional growth. By prioritizing community improvement through these scholarships and other charitable endeavors, the Novato Rotary Endowment plays an essential role in uplifting the community and supporting its members in achieving their goals.
This information is meant to be a general summary of Novato Rotary Endowment. 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: $73,208
- Program Service Revenue: $90,668
- Gross Receipts: $256,767
Assets and Liabilities:
- Total Assets: $7,713,310
- Total Liabilities: $0
- Net Assets: $7,713,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WESTERN BBQ
Revenue
$85,586
CAR WASH
Revenue
$5,082
Organization Details
Founding Year
1992
Principal Officer
Craig Anderson
Website
www.novatorotary.orgNTEE Category
Code: S80Z - Community improvement
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