Okanogan-Omak Rotary Foundation

The Okanogan-Omak Rotary Foundation is a 501(c)(3) nonprofit organization dedicated to fostering local youth and business development within its community. Based in Omak, Washington, the foundation is deeply involved in promoting activities that benefit the local area.

Mission and Activities

The Okanogan-Omak Rotary Foundation focuses primarily on supporting the growth and development of young people and businesses within its community. Key initiatives include:

• Scholarships: The organization provides financial support to deserving students, typically offering eight scholarships annually.
• District-Wide Rotary Events: Active participation in events that align with the broader Rotary International goals of service, fellowship, diversity, and the development of youth.
• Youth Business Week: Engaging in programs aimed at encouraging entrepreneurship and business skills among young people.
• Annual Fishing Derby: Organizing community events to promote social interaction and raise funds for charitable purposes.
• Community Projects: Undertaking various smaller initiatives to contribute to the overall well-being and growth of the local community.

Financial Overview

As of recent filings, the foundation reported:

• Total Assets exceeding $250,000.
• Revenue typically includes contributions, investment income, and income from fundraising events, with total revenues around $130,000 to $133,000 in recent years.
• Expenses focus predominantly on program services, with a high program expense ratio indicating a strong commitment to charitable activities.

Governance and Transparency

The foundation operates with a volunteer leadership structure; no executive compensation is reported. It maintains financial transparency by filing tax forms with the IRS, adhering to regulatory requirements as a tax-exempt organization. However, it has been noted that the organization lacks certain governance policies, such as conflict of interest and whistleblower policies, which could enhance transparency and stakeholder trust.

Ratings and Reviews

The Okanogan-Omak Rotary Foundation has a Charity Navigator rating of three stars, reflecting strong financial management and governance but with recommendations for improving specific policies. Overall, the foundation contributes positively to the local community through its initiatives and endeavors to promote youth and business development.