Chariho Rotary Club Foundation Inc
- Assets
- $661.4k
- Revenue
- $96.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Hope Valley, RI
- Founding
- 06/2000
- Data as of
- 06/2024
- EIN
- 05-0498611
Organization Overview
Chariho Rotary Club Foundation Inc is located in Hope Valley, RI. The organization was established in 2000. According to its NTEE Classification (S82) the organization is classified as: Mens 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. Chariho Rotary Club Foundation 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 06/2024, Chariho Rotary Club Foundation Inc generated $96.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $72.0k during the year ending 06/2024. While expenses have increased by 4.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHARIHO ROTARY FOUNDATION IS TO ENABLE ROTARIANS TO ADVANCE WORLD UNDERSTANDING, GOODWILL, AND PEACE THROUGH THE IMPROVEMENT OF HEALTH, THE SUPPORT OF EDUCATION, AND THE ALLEVIATION OF POVERTY LOCALLY, NATIONALLY, AND INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GIVING (LOCAL, NATIONAL AND INTERNATIONAL): WARM CENTER MEAL SUPPORT - PROVIDE FINANCIAL SUPPORT AND VOLUNTEERS TO ASSIST IN SERVING FREE MEALS TO THE COMMUNITY DINING PROGRAM PROVIDED BY THE LOCAL EMERGENCY SHELTER AND COMMUNITY KITCHEN. ALSO PROVIDED ADDITIONAL FUNDS TO SUPPORT SUMMER LUNCH PROGRAM FOR CHILDREN - 1,000. YMCA REACH OUT TO YOUTH PROGRAM - PROVIDE FINANCIAL SUPPORT TO THE LOCAL YMCA FOR CHARIHO RESIDENT MEMBERSHIP AND CAMP SCHOLARSHIPS - 4,500. ASHAWAY FREE LIBRARY - 440. JONNYCAKE CENTER OF WESTERLY - PROVIDES A CONTINUUM OF SERVICES IN COOPERATION WITH OTHER AGENCIES IN OUR SERVICE AREA TO ASSIST PEOPLE THROUGH CRISIS SITUATIONS AND WORK WITH EACH INDIVIDUAL TO FIND A PATH OUT OF DEPENDENCY TOWARD SELF-SUFFICIENCY - 2,000. BOYSCOUT TROOP 121 - COMMUNITY SERVICE PROJECTS THROUGHOUT THE AREA - 1,000. CHRIS COLLINS FOUNDATION - 2,000. ASHAWAY AMBULANCE - 820. FRANK OLEAN CENTER - 650. HABITAT FOR HUMANITY OF SOUTH COUNTY - 2,500. LANGWORTHY LIBRARY - 350. SOUTHERN RI VOLUNTEERS - 1,250. ROTARY YOUTH LEADERSHIP - 750. STAND UP FOR ANIMALS - 500. INTERNATIONAL PROGRAM SUPPORT: THE ROTARY FOUNDATION - CHARIHO ROTARY PARTICIPATED IN AN INTERNATIONAL GRANT TO SUPPORT CLEAN WATER AND SANITATION IN GUATAMALA (AQUA CALIENTE) - 2,415. CHIKUMBUSO IS A GRASSROOTS PROJECT IN NG'OMBE, ZAMBIA. IT PROVIDES AN ALTERNATIVE LIFESTYLE TO THE MOST VULNERABLE WOMEN AND CHILDREN BY PROVIDING FREE SCHOOLING FOR THE CHILDREN, AS WELL AS ADULT TRAINING AND CAPACITY BUILDING, INCOME GENERATING ACTIVITIES AND COMMUNITY BUILDING PROGRAMS - 1,000.
EDUCATIONAL SUPPORT: COLLEGE EDUCATIONAL SCHOLARSHIPS - TWENTY TWO STUDENTS WERE PROVIDED 1,500 SCHOLARSHIPS FOR COLLEGE PROGRAMS. AWARDS ARE BASED ON COMMUNITY SERVICE AND EDUCATIONAL EXCELLENCE - 33,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Abate Community Se | Trustee | 5 | $0 |
Timothy Babcock Youth Progra | Trustee | 5 | $0 |
Louise Dinsmore Internationa | Trustee | 5 | $0 |
Larry Dunn President | OfficerTrustee | 5 | $0 |
Hannah Duscha Public Image | Trustee | 5 | $0 |
Heather Eklof Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,406 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,826 |
| Total Program Service Revenue | $0 |
| Investment income | $23,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,107 |
| Net Income from Fundraising Events | $17,412 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,000 |
| 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 | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,994 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $29 |
| Total functional expenses | $71,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| 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 | $6,602 |
| Investments—publicly traded securities | $654,800 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $661,404 |
| 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 | $19,308 |
| Total liabilities | $19,308 |
| Net assets without donor restrictions | $642,096 |
| 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 | $661,404 |