East Hartford Rotary Club Scholarship Trust Nect
- Assets
- $320.0k
- Revenue
- $23.4k
- Investments
- $313.3k
- Employees
- 0
- Location
- South Windsor, CT
- Founding
- 12/1970
- Data as of
- 12/2022
- EIN
- 06-6026443
Organization Overview
East Hartford Rotary Club Scholarship Trust Nect is located in South Windsor, CT. The organization was established in 1970. 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 an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2022, East Hartford Rotary Club Scholarship Trust Nect generated $23.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $25.3k during the year ending 12/2022. While expenses have increased by 19.4% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROTARY CLUB OF EAST HARTFORD CHARITABLE FUND, INC. FOR DISTRIBUTION TO SCHOLARSHIP RECIPIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Saunders Trustee | 1 | $0 | |
James Watts Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,365 |
| Interest on Savings | $57 |
| Dividends & Interest | $9,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,745 |
| Capital Gain Net Income | $1,824 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $276 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,172 |
| Total operating and administrative expenses | $5,298 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $25,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,716 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $313,287 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $320,003 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, East Hartford Rotary Club Scholarship Trust Nect has awarded $22,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EAST HARTFORD ROTARY CHARITABLE PURPOSE: AS A CONDUIT FOR SCHOLARSHIP PAYMENTS | $10,000 |
GOODWIN UNIVERSITY PURPOSE: AS A CONDUIT FOR SCHOLARSHIP PAYMENTS | $6,000 |
MANCHESTER COMMUNITY COLLEGE PURPOSE: AS A CONDUIT FOR SCHOLARSHIP PAYMENTS | $6,000 |