Overview
What is Santa Paula Rotary Scholarship Foundation Incorporated?
The Santa Paula Rotary Scholarship Foundation Incorporated, based in Santa Paula, California, is a nonprofit organization committed to managing and distributing gifts, devises, and bequests for the purpose of offering scholarships to deserving and financially needy students. During the current fiscal period, they awarded scholarships worth $22,000 to ten qualified students. The foundation serves as a means to collect and permanently manage funds, ultimately providing educational opportunities to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Santa Paula Rotary Scholarship Foundation Incorporated holds a Two-Star rating from Charity Navigator, which reflects a score of 73%. This rating is solely based on the organization's accountability and finance metrics, indicating that its financial practices are sound but may lack in other performance areas that charity evaluators consider.
Strengths of the foundation include a fully independent board, with 100% of its members being independent, demonstrating strong governance. The organization also has a solid program expense ratio of 74%, suggesting that a significant portion of its resources is directed towards its intended charitable programs. Additionally, the foundation has no liabilities, ensuring that its financial obligations are well managed.
Despite these strengths, the overall rating points to potential limitations in other operational or impact areas that are not assessed in this specific evaluation. This could imply that while the foundation is financially sound, there may be opportunities for improvement in demonstrating its overall effectiveness and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Santa Paula Rotary Scholarship Foundation Incorporated legitimate?
Santa Paula Rotary Scholarship Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Paula Rotary Scholarship Foundation Incorporated 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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Other Salaries and Wages: $0
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What is the mission statement of Santa Paula Rotary Scholarship Foundation Incorporated?
The Santa Paula Rotary Scholarship Foundation Incorporated's mission is to establish a perpetual fund for managing and distributing scholarships to deserving and financially needy students. This organization serves to collect and manage donations, bequests, and devises, with the primary goal of providing financial aid to deserving students. During the recent fiscal period, the foundation awarded scholarships to ten students, totaling $22,000.
Who is the CEO of Santa Paula Rotary Scholarship Foundation Incorporated?
Chris Bartelson is the Immediate Pa of Santa Paula Rotary Scholarship Foundation Incorporated.
What is the revenue of Santa Paula Rotary Scholarship Foundation Incorporated?
Santa Paula Rotary Scholarship Foundation Incorporated's revenue in 2023 was $116,524.
Who are the executives of Santa Paula Rotary Scholarship Foundation Incorporated and what are their salaries?
There 21 volunteers at Santa Paula Rotary Scholarship Foundation Incorporated.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Santa Paula Rotary Scholarship Foundation Incorporated?
Santa Paula Rotary Scholarship Foundation Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Santa Paula Rotary Scholarship Foundation Incorporated
The Santa Paula Rotary Scholarship Foundation Incorporated is committed to establishing a perpetual and collective platform for managing and distributing scholarships. This nonprofit organization's mission is to provide financial aid to deserving and financially challenged students. It serves as a custodian for gifts, bequests, and devises, ensuring that these resources are effectively utilized to grant scholarships. By doing so, the Santa Paula Rotary Scholarship Foundation Incorporated aims to empower and support the educational pursuits of worthy and needy students. During the recent fiscal period, this organization awarded scholarships worth $22,000 to ten students, demonstrating its dedication to fulfilling its mission.
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Impact
October, 2024
The Santa Paula Rotary Scholarship Foundation Incorporated significantly impacts the community by providing essential financial support to deserving and underprivileged students seeking higher education. During the recent fiscal period, the foundation awarded scholarships totaling $22,000 to ten students, enabling them to pursue their academic goals. By managing and distributing funds collected through gifts, devises, and bequests, the foundation ensures that resources are effectively allocated to those in need. This commitment not only enhances educational opportunities but also fosters a culture of support and encouragement within the Santa Paula community, empowering students to achieve their dreams and contribute positively to society.
This information is meant to be a general summary of Santa Paula Rotary Scholarship Foundation Incorporated. 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: $95,639
- Gross Receipts: $371,169
Assets and Liabilities:
- Total Assets: $776,247
- Total Liabilities: $0
- Net Assets: $776,247
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Organization Details
Phone
(805) 469-2536Principal Officer
Chris Bartelson
Main Address
PO BOX 809, SANTA PAULA, CA, 93060
NTEE Category
Code: B82 - Education
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