Lafayette Rotary Club Foundation Inc

What it reported doing in 2024

High school & community college scholarship program - the lafayette rotary club provides academic scholarships for up to 5 graduating high school seniors to help support their 1st year of college, and for up to 15 vocational students enrolled in the local community college. School guidance counselors have the necessary application forms to use as part of their overall responsibilities to help provide opportunities for students in the local high schools and students in community college. In both cases, panels of rotary club members select the scholarship winners, based on the selection criteria established by the club. Scholarship winners and their families are invited to an awards luncheon where they are appropriately recognized. This year, 5 college scholarships of 1,000 each were awarded, including three to purdue university and two to Indiana university. Eleven vocational scholarships of 1,000 each were awarded to students attending ivy tech community college. Habitat for humanity - as part of habitat's women build project, our club team provided volunteer labor and contributed 6,200 in funds toward a new habitat house in greater lafayette community. Campership program - each year, a committee of rotary club members selects local 501(c)(3) organizations to receive grants to support attendance at summer camps that they sponsor. This year, eight organizations received funds for camperships, totaling 6,000. The organizations were girl scouts of central Indiana; boy scout of america sagamore council; civic theater of greater lafayette; local family ymca; salvation army; hanna community center; haan museum of Indiana art; and lafayette urban ministries. Servants at work ramp build project - the rotary club provided a team of its members to assist in building a wheelchair ramp at a home in lafayette for a cost of 3,500. Lthc - lafayette transitional housing corp provides homeless services for needy individuals in the greater lafayette area. The lafayette club provided 3,000 in funding to assist with lthc's programs and initiatives. Isaiah 117 house - isaiah 117 provides a comforting home where childrn who are awaiting child welfare services can be brought to wait - a place that is safe with friendly and loving volunteers who provide clean clothes, smiles, toys, and snuggly blankets. This space allows children to receive the comfort and care they need while child welfare staff can do the necessary paperwork and identify a good placement. The lafayette club contributed 2,000 to support isaiah 117s services for children during child welfare placement processes.

Financial Efficiency

• Mission deployment rate: 95.1%; rating input score 95
• Program expense ratio: 80.6%; rating input score 81
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 75.1%; rating input score 75; 47th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 34.7%; rating input score 85; 85th percentile among comparable filings
• Total-asset coverage ratio: 10.45; rating input score 90; 90th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: 3.2% per year; rating input score 100; 45th percentile among comparable filings
• Revenue growth: 10.3% per year; rating input score 100; 73rd percentile among comparable filings
• Asset growth: 5% per year; rating input score 100; 47th percentile among comparable filings