Ludlow Area Rotary Charitable Fund Inc is located in Ludlow, VT. The organization was established in 2001. According to its NTEE Classification (T31) the organization is classified as: Community 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. Ludlow Area Rotary Charitable 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 06/2021, Ludlow Area Rotary Charitable Fund Inc generated $29.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $35.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FUNDED SCHOLARSHIPS FOR LOCAL STUDENTS, SPONSORED AN EXCHANGE STUDENT, AND OTHER LOCAL CIVIC PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kevin Barnes President | 1 | $0 | |
Brigid Sullivan Director | 1 | $0 | |
Barbara Lemire Secretary | 1 | $0 | |
Mark Huntley Director | 1 | $0 | |
Kim Lampert Treasurer | 2 | $0 | |
Jim Rumrill Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $1,848 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $1,825 |
Gain or Loss | $19,616 |
Net Income from Gaming & Fundraising | $6,517 |
Other Revenue | $0 |
Total Revenue | $29,806 |
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 | $1,024 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $1,309 |
Total expenses | $35,116 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $121,654 |
Other assets | $0 |
Total assets | $122,204 |
Total liabilities | $3,520 |
Net assets or fund balances | $118,684 |
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