THE SPECIFIC PURPOSE FOR WHICH THIS CORPORATION IS ORGANIZED IS FOR THE ADVANCEMENT OF ROTARY AND ITS CHARITABLE, LITERARY AND EDUCATIONAL BENEFITS THROUGH LEADERSHIP PROGRAMS DESIGNED FOR THE PRESIDENTS- ELECT OF ROTARY CLUBS LOCATED IN THE STATE OF FLORIDA AND THE GRAND BAHAMA ISLANDS FOCUSING ON PREPARING THEM FOR THE CHALLENGES OF THEIR YEAR AS PRESIDENT OF THEIR ROTARY CLUB BY PROVIDING THEM WITH THE THEORHETICAL AND PRACTICAL APPLICATIONS FOR CONTINUOUS IMPROVEMENT AS LEADERS AND CITIZENS. TO PROVIDE FOR OTHER COMMUNITY BASED NEEDS, AND TO POSSESS ALL THE RIGHTS PRIVILEGES AND IMMUNITIES, AND ENJOY ALL THE BENEFITS AND POWERS GRANTED TO CORPORATION NOT FOR PROFIT UNDER THE LAWS OF THE STATE OF FLORIDA AND THE UNITED STATES OF AMERICA.
Note: Some ratios are only available for organizations completing the detailed IRS Form 990.
Smaller organizations that choose to complete the Form 990-EZ do not report on this variable.
The Foundation's Number of Days of Cash on Hand does not take into account the cash in an operating reserve fund maintained by the Foundation. Expenditures include grants from all Foundation funds and are not indicative of the day-to-day operations of the Foundation.
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