Rotary International
- Assets
- $203.1k
- Revenue
- $80.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 07/1943
- Data as of
- 06/2023
- EIN
- 04-6111812
Organization Overview
Rotary International is located in Lexington, MA. The organization was established in 1943. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Rotary International is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Rotary International generated $80.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $74.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. 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
THE MAIN OBJECTIVE OF THE ROTARY CLUB IS SERVICE IN THE COMMUNITY,THE WORKPLACE & THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROTARY CLUB OF LEXINGTON, INC. VOLUNTARILY PROVIDES DONATIONS TO OTHER CHARITABLE ORGANIZATIONS.
LEXINGTON ROTARY CLUB MAINTAINS A PUBLIC ASSISTANCE PROGRAM FOR INDIGENT FAMILIES IN NEED OF FOOD AND CLOTHING.
ROTARY CLUB OF LEXINGTON, INC. AWARDS SCHOLARSHIPS ANNUALLY TO HIGH SCHOOL SENIOR RECIPIENTS FOR HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yanira Burgos Director | Trustee | 1 | $0 |
Daniel P Busa Jr Treasurer | OfficerTrustee | 2 | $0 |
Frank Smith Secretary | OfficerTrustee | 1 | $0 |
Allan Azoff Director | Trustee | 1 | $0 |
Lori Moresco Director | Trustee | 1 | $0 |
Veronica Caira President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,714 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,742 |
| Total Program Service Revenue | $1,923 |
| Investment income | $19,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,357 |
| Net Income from Fundraising Events | $27,860 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,233 |
| Grants and other assistance to domestic individuals. | $15,000 |
| 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 | $2,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,746 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,661 |
| 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 | $74,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,341 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,162 |
| 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 | $175,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $203,118 |
| Accounts payable and accrued expenses | $60 |
| 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 | $60 |
| Net assets without donor restrictions | $203,058 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $203,118 |