Novato Rotary Endowment

Overview

The Novato Rotary Endowment is a 501(c)(3) nonprofit organization located in Novato, California, USA. It operates as part of the broader Rotary network, supporting charitable and educational projects within the local community. The organization's primary function is to receive and invest in contributions to fund approved charitable and educational initiatives, including local high school scholarships[4].

Financial Overview

As of the fiscal year ending June 2024, the Novato Rotary Endowment reported the following financial data:

• Revenue: $257,000
• Expenses: $179,000
• Total Assets: $8.11 million
• Total Liabilities: $0[1].

In the previous fiscal year (ending June 2023), the organization's revenue was comprised of $62,610 from contributions, $87,321 from program services, and $51,854 from investment income[2].

Grants and Programs

The Novato Rotary Endowment supports various community organizations through grants. Historical examples include grants to the Novato Theater for theater restoration and to North Marin Community Services for support of their work in Novato[2]. The organization also receives grants, such as from The Rotary Foundation of Rotary International for economic and community development projects[2].

Governance and Leadership

Leadership positions within the organization include roles such as President, Secretary, and Treasurer. Notable officers have included Craig Anderson, Peter Oser, and Bradford J. Williams[1][2]. The organization operates with a volunteer-based leadership structure, with no reported compensation for key employees and officers.

Rating and Reputation

The Novato Rotary Endowment holds a 4/4 Star rating on Charity Navigator, indicating strong financial management and organizational practices[5].