Derry Rotary Educational Fund Inc
- Assets
- $228.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Derry, NH
- Founding
- 03/1999
- Data as of
- 02/2024
- EIN
- 02-0501434
Organization Overview
Derry Rotary Educational Fund Inc is located in Derry, NH. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Derry Rotary Educational Fund Inc 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 02/2024, Derry Rotary Educational Fund Inc generated $23.0k in total revenue. All expenses for the organization totaled $4.4k during the year ending 02/2024.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
ORGANIZATION ACCUMULATES ASSETS ON AN ENDOWED BASIS.INCOME EARNED ON ASSETS ARE USED TO FUND COLLEGESCHOLARSHIPS FOR HIGH SCHOOL GRADUATES WITHIN THE SERVICE AREA OF THE DERRY ROTARY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Copeland President | 1 | $0 | |
Eddie Leon Treasurer | 1 | $0 | |
Adam Mead Director | 0.25 | $0 | |
William Wood Director | 0.25 | $0 | |
Brenda Mcdougald Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $22,993 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,993 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,350 |
| Total expenses | $4,350 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $228,834 |
| Other assets | $0 |
| Total assets | $228,834 |
| Total liabilities | $0 |
| Net assets or fund balances | $228,834 |