Rotary Club Of Belfast Maine Charitable Fund
- Assets
- $2.3m
- Revenue
- $178.4k
- Investments
- $2.2m
- Employees
- 0
- Location
- Belfast, ME
- Founding
- 11/1995
- Data as of
- 06/2023
- EIN
- 01-0500910
Organization Overview
Rotary Club Of Belfast Maine Charitable Fund is located in Belfast, ME. The organization was established in 1995. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Belfast Maine Charitable Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Rotary Club Of Belfast Maine Charitable Fund generated $178.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $129.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HUMANITARIAN SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP FUND: THE BELFAST ROTARY CLUB HAS MADE A COMMITTMENT TO SUPPORT STUDENTS ACROSS WALDO COUNTY ACHIEVE SUCCESS AND COMPLETE GRADUATION FROM HIGH SCHOOL. THE SCHOOLS NOMINATE STUDENTS WITH SIGNIFICANT LEADERSHIP OR SERVICE SKILLS AND INVITE THEM TO COMPLETE AN APPLICATION. ROTARY MEMBERS INTERVIEW THE CANDIDATES AND SELECT UP TO FOURTEEN STUDENTS TO RECEIVE SCHOLARSHIPS AND TO BE RECOGNIZED AT AN ANNUAL LUNCHEON AND AWARD CEREMONY.
100 FUND: WALDO COUNTY IS ECONOMICALLY CHALLENGED AND IS NOTICEABLE LESS WEALTHY THAN ITS NEIGHBORING COASTAL COMMUNITIES AND PROVERTY DISPROPORTIONATELY AFFECTS THE REGION'S CHILDREN. MORE THAN 1 IN 4 CHILDREN UNDER AGE 5 (27%) ARE LIVING IN POVERTY, MUCH HIGHER THAN THE OVERALL COUNTY RATE OF 16%. TWO OUT OF THREE HOUSEHOLDS HEADED BY SINGLE MOTHERS OF CHILDREN UNDER FIVE ARE POOR (66%). THE 100 FUND PROVIDES GIFT CARDS OF $150 PER CHILD TO FAMILIES IDENTIFIED FOR THE PROGRAM TO PURCHASE BOOTS, COTHING AND TOYS AT LOCAL STORES FOR CHRISTMAS.
FOOD BANKS: EVERY DAY MORE PEOPLE GO HUNGRY IN MAINE THAN IN ANY OTHER NEW ENGLAND STATE. NATIONWIDE, MAINE IS RANKED AS THE SEVENTH MOST FOOD INSECURE, A DESIGNATION THAT MEANS RESIDENTS LACK ACCESS TO THE QUANTITY AND QUALITY OF FOOD NECESSARY FOR AN ACTIVE, HEALTHY LIFESTYLE. THESE NUMBERS MEAN THAT 16% OF THE STATE'S POPULATION IS FOOD INSECURE, INCLUDING ONE OUT OF EVERY 5 CHILDREN, ACCORDING TO DATA RELEASE IN SEPTEMBER 2017 BY THE US DEPARTMENT OF AGRICULTURE. IN WALDO COUNTY THE RATE OF FOOD INSECURITY IS 17.7%. BELFAST ROTARY MAKES A COMMITMENT EACH YEAR TO SUPPORT THE SEVEN FOOD PANTRIES IN WALDO COUNTY TO REDUCE FOOD INSECURITY IN OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Golden Past President | OfficerTrustee | 1 | $0 |
Jill Goodwin Secretary | OfficerTrustee | 1 | $0 |
Kim Fleming Director | OfficerTrustee | 1 | $0 |
Kristine Wentworth President | OfficerTrustee | 1 | $0 |
Steve Norman President Elect | OfficerTrustee | 1 | $0 |
Beverly O'malia Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,201 |
| Total Program Service Revenue | $0 |
| Investment income | $75,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,394 |
| Net Income from Fundraising Events | $37,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,500 |
| Grants and other assistance to domestic individuals. | $108,390 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $192 |
| Total functional expenses | $129,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,176,422 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,265,594 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $448,500 |
| Total liabilities | $448,500 |
| Net assets without donor restrictions | $641,009 |
| Net assets with donor restrictions | $1,176,085 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,265,594 |