South Portland Cape Elizabeth Rotary Charitable Fund
- Assets
- $162.8k
- Revenue
- $133.8k
- Investments
- $0.0
- Employees
- 0
- Location
- South Portland, ME
- Founding
- 01/1997
- Data as of
- 06/2023
- EIN
- 01-6141464
Organization Overview
South Portland Cape Elizabeth Rotary Charitable Fund is located in South Portland, ME. The organization was established in 1997. 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. South Portland Cape Elizabeth Rotary 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, South Portland Cape Elizabeth Rotary Charitable Fund generated $133.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $120.0k during the year ending 06/2023. While expenses have increased by 14.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
CHARITABLE COMMUNITY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRINGFEST COMMUNITY CELEBRATION - THE ROTARY CLUB HELD A GNOME-THEMED FESTIVAL AT MILL CREEK PARK IN SOUTH PORTLAND THAT WAS FREE TO THE PUBLIC WITH GAMES, CRAFTS, MUSICAL ENTERTAINMENT AND REFRESHMENTS. A STREET PARTY WITH MUSICAL ENTERTAINMENT, GAMES AND CRAFTS (ALSO FREE TO THE PUBLIC) WAS HELD ON THE EVENING BEFORE THE FESTIVAL.
THE CLUB MADE DONATIONS TO A WIDE VARIETY OF COMMUNITY ORGANIZATIONS, AS WELL AS THE ROTARY FOUNDATION. THESE DONATIONS SUPPORTED VULNERABLE STUDENTS IN OUR COMMUNITY, HOMELESS VETERANS, MENTAL HEALTH INITIATIVES, STABLE HOUSING AND INTERNATIONAL PROJECTS. WE ALSO MAINTAINED BUG LIGHT, A SMALL LIGHTHOUSE IN SOUTH PORTLAND.
HIGH SCHOOL SCHOLARSHIPS. TEN SCHOLARSHIPS @ $1,000 EACH WERE AWARDED TO SENIORS GRADUATING FROM CAPE ELIZABETH HIGH SCHOOL AND SOUTH PORTLAND HIGH SCHOOL.
FOOD INSECURITY - IN ADDITION TO CLUB MEMBERS VOLUNTEERING AT THE LOCAL FOOD CUPBOARD, THE CLUB MADE DONATIONS TOTALING $11,500 TO THE SOUTH PORTLAND FOOD CUPBOARD, JUDY'S PANTRY AND THE SOUTH PORTLAND BOYS & GIRLS CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Bennett Director | Trustee | 3 | $0 |
Michael Tranfaglia Director | Trustee | 1 | $0 |
Tiffanie Bentley Director | Trustee | 3 | $0 |
Kiley Wilkens-O'brien Director | Trustee | 3 | $0 |
Matt Mcaleney Director | Trustee | 1 | $0 |
David Bagdasarian Sr Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,650 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,315 |
| Total Program Service Revenue | $0 |
| Investment income | $1,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,502 |
| Grants and other assistance to domestic individuals. | $11,100 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $688 |
| 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 | $0 |
| Total functional expenses | $120,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,447 |
| Savings and temporary cash investments | $90,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,750 |
| 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 | $15,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,790 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $162,832 |
| Accounts payable and accrued expenses | $523 |
| 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 | $0 |
| Total liabilities | $523 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $162,309 |
| Total liabilities and net assets/fund balances | $162,832 |
Grants Awarded
Over the last fiscal year, South Portland Cape Elizabeth Rotary Charitable Fund has awarded $20,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROTARY FOUNDATION PURPOSE: TO SUPPORT THE ERADICATION OF POLIO AS WELL AS NUMEROUS SERVICE PROJECTS AROUND THE WORLD. | $14,500 |
SOUTH PORTLAND FOOD CUPBOARD PURPOSE: TO PROVIDE FUNDING FOR ALLEVIATING FOOD INSECURITY. | $6,000 |