Rotary Club of Hmb Foundation

Nonprofit profile at a glance

EIN
943224937
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Half Moon Bay, CA, USA
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$50,758
Expenses
$11,007
Assets
$217,417
Liabilities
$2,820

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

Leadership & pay

4 people listed

Executive titles in this filing

  • IRWIN COHEN (PRESIDENT)

People named in this filing

  • IRWIN COHEN (PRESIDENT)
  • MARY ROGREN (TREASURER)
  • NANCY WOLFBERG (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

The foundation exists to carry out the major charitable efforts of the rotary club of half moon bay.

What it reported doing in 2024

Program achievements: - hmb library project - abundant grace/ coastside worker - community breakfasts for homeless and those in need - abundant grace/coastside worker - lunches for day laborers - coastside crisis fund (abundant grace/coastside hope and alas) fundraiser for those impacted by covid - coastal beach cleanups - gardening for seniors - adopt-a-family program - for 6 seniors - rotary youth exchange program - scholarships for local youth - mentoring local youth - assistance to farm workers covid relief to local programs; fire evacuation relief; lunch delivery program 2x per week for the homeless/worker program (via abundant grace); household good deliveries to poor (via coastside hope - county approved program); senior gardening projects; school backpack project; beach cleanups; relay for life cancer projects; dictionaries for 3rd graders

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 88% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 100
  • Sustainability: 84
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 18.6%; rating input score 19
  • Program expense ratio: 85.7%; rating input score 86

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: 78.3%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 19.75; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -2.4% per year; rating input score 0; 42nd percentile among comparable filings
  • Revenue growth: -1.4% per year; rating input score 0; 46th percentile among comparable filings
  • Asset growth: 0.7% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 18.6% of revenue deployed · 85.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $9K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2010 to 2024
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 19/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.