Newark Rotary Club Foundation

Nonprofit profile at a glance

EIN
311256961
IRS 990-EZ coverage
2011–2024
Forms available
Form 990 2017, Form 990-EZ 2024
Location
Newark, OH, USA
Phone
7403986130
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$18,528
Expenses
$40,459
Assets
$277,814
Liabilities
$10,005

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

Leadership & pay

9 people listed

People named in this filing

  • JACK NEELY (CHAIR)
  • JANICE LORASO (TRUSTEE)
  • JAMES COOPER III (TRUSTEE)

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

To support educational programs and also national, international, and local rotarian projects. Such projects include supporting various rotarian causes and community projects such as the rotary pavillion and the rotary playground. The playground is used by all children and has been designed to accomodate children that may have special needs.

What it reported doing in 2024

The foundation directs its emphasis and its giving to the following three areas: education at all levels, children with special needs, and originating and supporting community projects such as the rotary pavillion park and the rotary playground . The playground is used by all children and has been designed to accommodate children that may have special needs. Grants were provided in the current year to programs for children and other rotarian causes

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 66% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 82
  • Sustainability: 38
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.5%; rating input score 92

Transparency & Controls

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

Sustainability

  • Operating margin: -118.4%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 6.87; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 12.8% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: -5.4% per year; rating input score 0; 33rd percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $37K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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: Operating margin scored 7/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.