Overview
What is Rotary Club Of North Fresno Endowment Fund?
The Rotary Club of North Fresno Endowment is a charitable organization situated in Fresno, California, specifically at 5132 N Palm Ave 108. Its primary objective is to enhance the well-being of society as a whole, utilizing funds to support various charitable projects and purposes. During the previous fiscal year, they provided financial assistance of $12,900 to selected local non-profit organizations in Fresno County and Madera County. These recipients included Highway City Community Development, Justin Garza High School Library, Fresno Mission, City Without Orphans, and Foundation West. The endowment's contributions enabled these organizations to make essential capital purchases that aligned with their individual missions. The Rotary Club of North Fresno Endowment's discretionary monies aim to contribute positively to numerous charitable projects, thereby fostering a holistic improvement in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36% (Zero-Star out of Four Stars)
The Rotary Club Of North Fresno Endowment Fund has received a low rating of 36%, which translates to a Zero-Star rating. This evaluation is primarily based on the organization's accountability and finance metrics, indicating significant concerns over financial management and program expenses. The score reflects a lack of sufficient investment in programs, as evidenced by a program expense ratio of only 46.23%, which is below acceptable standards.
Despite the low overall score, the organization demonstrates strengths in governance, with a fully independent board comprising eight members and no material diversion of assets. They have also shown transparency by documenting board meeting minutes and posting their tax form online, which aligns with best practices in nonprofit management.
However, the major limitation lies in their financial ratios, particularly the liabilities to assets ratio of 35.65%, which raises concerns about financial stability. The organization needs to improve its program spending and overall financial health to enhance its rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rotary Club Of North Fresno Endowment Fund legitimate?
Rotary Club Of North Fresno Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotary Club Of North Fresno Endowment Fund 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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What is the mission statement of Rotary Club Of North Fresno Endowment Fund?
The Rotary Club of North Fresno Endowment Fund's mission is centered around promoting the welfare of humanity in all its aspects. They have the discretion to utilize their funds for any charitable project or purpose, demonstrating a broad scope of support. The organization contributes to non-profit organizations in the Fresno County and Madera County areas, helping them make necessary capital purchases to fulfill their individual missions. During the fiscal year ending June 30, 2023, they provided financial aid to several local organizations, such as Highway City Community Development, Justin Garza High School Library, Fresno Mission, City Without Orphans, and Foundation West.
Who is the CEO of Rotary Club Of North Fresno Endowment Fund?
Tim Hensleit is the President of Rotary Club Of North Fresno Endowment Fund.
What is the revenue of Rotary Club Of North Fresno Endowment Fund?
Rotary Club Of North Fresno Endowment Fund's revenue in 2023 was $73,947.
Who are the executives of Rotary Club Of North Fresno Endowment Fund and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Rotary Club Of North Fresno Endowment Fund?
Rotary Club Of North Fresno Endowment Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rotary Club Of North Fresno Endowment Fund
The Rotary Club of North Fresno Endowment Fund is dedicated to enhancing the well-being of humanity in all its forms. Acting as a responsible steward of its resources, the fund grants monies for charitable projects and purposes, leaving the decision of allocation within the wise discretion of its directors. This philanthropic organization focuses on providing financial support to non-profit organizations in the Fresno County and Madera County areas, enabling them to make essential capital purchases to fulfill their unique missions. During the fiscal year ending June 30, 2023, the Rotary Club of North Fresno Endowment Fund extended generous donations to five local non-profit organizations, each committed to serving their respective communities.
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Impact
August, 2024
The impact of the Rotary Club of North Fresno Endowment Fund is significant in promoting the welfare of humanity within the Fresno County and Madera County areas. The fund contributes to local non-profit organizations by providing financial support for capital purchases necessary to help them fulfill their missions. In the fiscal year ending 6/30/23, the endowment contributed a total of $12,900 to various non-profits, including Highway City Community Development, Justin Garza High School Library, Fresno Mission, City Without Orphans, and Foundation West. This support directly benefits these organizations and ultimately contributes to the overall improvement of the community.
This information is meant to be a general summary of Rotary Club Of North Fresno Endowment Fund. 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 2023.
- Investment Income: $46,097
- Gross Receipts: $73,947
Assets and Liabilities:
- Total Assets: $1,121,411
- Total Liabilities: $400,000
- Net Assets: $721,411
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Organization Details
Founding Year
1984
Phone
(559) 438-4374Principal Officer
Tim Hensleit
Main Address
5132 N Palm Ave 108, Fresno, CA, 93704
NTEE Category
Code: S82I - Community improvement
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