Better Business Bureau Report for
Rotary Foundation of Cincinnati

Better Business Bureau Report issued May 2012
Better Business Bureau Report expires May 2013


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Rotary Foundation of Cincinnati
Address: 441 Vine Street
Suite 2112
  Cincinnati, OH 45202
Phone: 513-421-1080
Web Address: www.cincinnatirotary.org
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Better Business Bureau Comments

Year, State Incorporated: 1961, Ohio
Affiliates: Rotary Club of Cincinnati, a 501(c)(6) membership organization

Stated Purpose: To provide leadership, funding, and resources necessary to support the diverse humanitarian efforts of the Rotary Club of Cincinnati. The charity's primary goal is to support children, particularly those whose future development is impaired by physical, cultural, emotional, financial, and social obstacles.

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Evaluation Conclusions

               

Rotary Foundation of Cincinnati does not meet the following 4 Standards for Charity Accountability.

Standard 8: Program Service Expense Ratio - Spend at least 65% of its total expenses on program activities.

According to the charity's audited financial statements for the fiscal year-ended June 30, 2010, the organization spent $162,178, or 59%, of its total expenses ($276,661) on program service activities.

Standard 10: Ending Net Assets - Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.

According to the charity's audited financial statements for the fiscal year-ended June 30, 2010, the organization's total unrestricted net assets were $1,056,609, or 4 times, the charity's total budgeted expenses of $276,661.

Standard 12: Detailed Functional Breakdown of Expenses - Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.

The charity's audited financial statements for the year-ended June 30, 2010, did not include a detailed functional breakdown of expenses that allocates expenses to the major categories of programs, fundraising, and administration.

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

The charity does not have an annual report covering activities conducted within the past year.
Rotary Foundation of Cincinnati meets the remaining 16 Standards for Charity Accountability.
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Programs

               

The Rotary Foundation of Cincinnati provides funding to Stepping Stones Center for the operation and improvement of Camp Allyn, provides grants to local non-profits that provide services to children, supports the Rotary Youth Exchange & Group Study Exchange, provides a holiday party for children with disabilities at Condon School, and tutors at St. Francis DeSales School. Other community activities include fire, police, and sheriff officer recognition and the Jefferson Award for Outstanding Public Service. The Rotary Foundation also has an international effort to fund a medical clinic for orphans in Kenya. The charity also supports the civic and humanitarian needs of local and world communities where rotary club members are actively involved.

For the fiscal year-ended June 30, 2010, Rotary Foundation of Cincinnati's program expenses were:

  
Program Services 162,178
Total Program Expenses: $162,178
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Governance

               

Chief Executive : Ms. Diane Brasie, Former Executive Director
Compensation*:
 $69,105

Chair of the Board: Mr. Samuel M. Scoggins
Chair's Profession / Business Affiliation: Attorney

Board Size: 19

Paid Staff Size: 1

*Ms. Linda Muth was hired as Executive Director in November of 2011. Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fundraising events
Fund raising costs were 10% of related contributions. (Related contributions, which totaled $45,222, are donations received as a result of fund raising activities.)
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Tax Status

               

This charity is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Rotary Foundation of Cincinnati's audited financial statements for the fiscal year-ended June 30, 2010.

Source of Funds  
Net Realized and Unrealized Gains on Investments 396,535
Investment Income 107,750
Donated Services 35,081
General Contributions 23,705
Centennial Celebration Contributions 10,430
Legacy Circle Contributions 5,000
World Community Contributions 3,050
Memorial Contributions 3,037
Miscellaneous Income 1,165
Total Income $585,753


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Uses of Funds as a % of Total Expenses

Programs: 58%  Fund Raising: 2%  Administrative: 40% 

Total income   $585,753
  Program expenses $162,178
  Fund raising expenses 4,385
  Administrative expenses 110,098
 
Total expenses   $276,661
Income in Excess of Expenses   309,092
Beginning net assets   4,671,313
Ending net assets   4,980,405
Total liabilities   120,465
Total assets   $5,100,870


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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