Highland Rotary Club Foundation Inc

Nonprofit profile at a glance

EIN
824922586
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024, Form 990-PF 2018, Form 990-N 2023
Location
Ulster Park, NY, USA
Phone
9144565148
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Reported finances

Revenue
$24,014
Expenses
$17,700
Assets
$42,263
Liabilities
$15,000

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • DON VERITY (PRESIDENT)

People named in this filing

  • DON VERITY (PRESIDENT)
  • DAVID LAMBERT (VICE PRESIDE)
  • STEVE LAUBACH (TREASURER)

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

The highland rotary club foundation, inc. Was created in march 2018 to support the highland rotary club and to help meet the charitable and humanitarian needs in the greater highland area. The primary focus of the foundation is to support children's services and those activities that the highland rotary club needs assistance with.

What it reported doing in 2024

The foundation assists the highland rotary club with fundraising activities and the related expenses for that fundraising. Projects include, but are not limited to, the super 25 weekly raffle, comedy nights, yard sales, golf tournaments, etc. These events may vary from year to year. Proceeds from those and other events are used to fund high school scholarships, community food and clothing pantries, and literacy programs amongst other community recipients.

Operating model

Revenue model
Other-operating. 91% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 82
  • Sustainability: 65
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.5%; rating input score 67
  • Program expense ratio: 90.2%; rating input score 90

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 26.3%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 2.39; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 66.5% of revenue deployed · 90.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $16K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.