Rotary Foundation Of The Torington Winsted Areas
- Assets
- $65.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrington, CT
- Founding
- 11/1997
- Data as of
- 06/2023
- EIN
- 06-1455048
Organization Overview
Rotary Foundation Of The Torington Winsted Areas is located in Torrington, CT. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Foundation Of The Torington Winsted Areas 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, Rotary Foundation Of The Torington Winsted Areas generated $51.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $55.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION RAISES FUNDS FOR BOTH LOCAL AND INTERNATIONAL PROJECTS AS DETAILED IN THE SCHEDULE OF GRANTS AND ALLOCATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Rovezzi President | 5 | $0 | |
Victor Muschell Dec'd Immediate Past President | 5 | $0 | |
Kevin Sullivan President-Elect | 5 | $0 | |
Jessica Gueniat Vice President | 5 | $0 | |
Jeffrey Smith Treasurer | 5 | $0 | |
Sarah Langlois Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,640 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $25 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,709 |
| Other Revenue | $0 |
| Total Revenue | $51,374 |
| 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 | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,012 |
| Total expenses | $55,892 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,344 |
| Other assets | $0 |
| Total assets | $65,344 |
| Total liabilities | $52,900 |
| Net assets or fund balances | $12,444 |