Rotary Club of New Tampa Foundation Inc

Nonprofit profile at a glance

EIN
593722343
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024
Location
Tampa, FL, USA
Phone
8139851148
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Foundations

Reported finances

Revenue
$144,086
Expenses
$127,873
Assets
$300,400
Liabilities
$48,450

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

Leadership & pay

20 people listed

People named in this filing

  • GERARD A PERRET (TRUSTEE)
  • J MICHAEL MORRIS (TREASURER)
  • THOMAS E WADE (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

Charitable fundraising in order to support other community projects, support of local charities and providing scholarships and other items for needy children in local schools and to a lesser extent to support rotary international.

What it reported doing in 2024

Through the fundraising activities of the foundation, it was able to provide valuable financial support to approximately 21 other local charitable community projects. Most of the projects supported by the foundation are those of local needy children, local needy families, local public schools and universities, local scouting and local veterans organizations. To a lesser degree, the foundation is also able to provide some support of rotary international projects.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 82
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.1%; rating input score 44
  • Program expense ratio: 43.9%; rating input score 44

Transparency & Controls

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

Sustainability

  • Operating margin: 11.3%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 2.35; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 0.2% per year; rating input score 100; 30th percentile among comparable filings
  • Revenue growth: 3.3% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 44.1% of revenue deployed · 43.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $56K in reported program spending
  • Leadership: top reported pay $0 · 20 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2014 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 44/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.