Rotary Club of Erie Scholarship Foundation
Nonprofit profile at a glance
- EIN
- 256040654
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2011
- Location
- Erie, PA, USA
- Phone
- 8144543737
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $53,258
- Expenses
- $39,005
- Assets
- $442,445
- Liabilities
- $850
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JIM MCELDOWNEY (PRESIDENT)
- RICHARD SEYMOUR (VICE PRESIDENT)
People named in this filing
- JIM MCELDOWNEY (PRESIDENT)
- RICHARD SEYMOUR (VICE PRESIDENT)
- ERIN LAKE BROZEWICZ (SECRETARY)
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
Scholarships for college bound high school students and an annual ethics symposium for high school juniors
What it reported doing in 2024
The foundation assists the rotary club of erie with itsforeign exchange student program by providing fundingfor the students high school tuition.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 100
- Sustainability: 75
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.2%; rating input score 82
- Program expense ratio: 80.7%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 26.8%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 11.34; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -5.1% per year; rating input score 0; 35th percentile among comparable filings
- Revenue growth: -4.1% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: 4.3% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 82.2% of revenue deployed · 80.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $31K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.