Fredericksburg Rotary Club
Nonprofit profile at a glance
- EIN
- 237217140
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Fredericksburg, VA, USA
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $143,506
- Expenses
- $163,006
- Assets
- $434,671
- Liabilities
- $21,175
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Wil Gravett (President Director)
- David Herold (Past President Director)
- Patrick Little (President Elect Director)
People named in this filing
- Wil Gravett (President Director)
- Bao Truong (Treasurer Director)
- Shawn Gaston (Secretary Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Community service through scholarships charitable grants and member service activities in accordance with Rotary Internationals mission of serving local and global communities.
What it reported doing in 2024
Academic Scholarships. The Club awarded 27,500 in scholarships to seven graduating high school students in the Fredericksburg Virginia community. Recipients pursued higher education at institutions including the University of Virginia James Madison University Randolph-Macon College and Germanna Community College.
Operating model
- Revenue model
- Membership-supported. 70% of the money available for current operations came from membership dues.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 34
- Transparency & Controls: 75
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.6%; rating input score 38
- Program expense ratio: 28.3%; rating input score 28
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 3rd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -13.6%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 2.67; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.8% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 1.7% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 37.6% of revenue deployed · 28.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $46K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- High — Financial Efficiency: Program expense ratio scored 28/100.
- High — Sustainability: Operating margin scored 12/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.