Stamford Rotary Trust Fund
- Assets
- $1.0m
- Revenue
- $709.0k
- Investments
- $877.4k
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 08/1962
- Data as of
- 06/2022
- EIN
- 06-6068805
Organization Overview
Stamford Rotary Trust Fund is located in Stamford, CT. The organization was established in 1962. 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 the central organization for a national or regional group of organizations. Stamford Rotary Trust Fund 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 06/2022, Stamford Rotary Trust Fund generated $709.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.7% each year . All expenses for the organization totaled $408.8k during the year ending 06/2022. While expenses have increased by 41.7% per year over the past 7 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.
Since 2017, Stamford Rotary Trust Fund has awarded 172 individual grants totaling $1,131,029. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SCHOLARSHIPS AND CHARITABLE CONTRIBUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS FOR GRADUATING SENIORS WHO ARE RESIDENTS OF STAMFORD, STUDENT AWARDS, AND THE ADMINISTRATION OF THIS PROGRAM.
CONTRIBUTIONS TO ORGANIZATIONS AND PROJECTS THAT EXCLUSIVELY SUPPORT EDUCATIONAL, CHARITABLE, SCIENTIFIC AND LITERARY PURPOSES THAT SERVE THE COMMUNITIES OF STAMFORD, GREENWICH, DARIEN AND NEW CANAAN, CONNECTICUT. THESE CONTRIBUTIONS FALL INTO THREE CATEGORIES: 1) COMMUNITY GRANTS, 2) COMMUNITY/DISTRICT PROJECTS, AND 3) INTERNATIONAL/GLOBAL PROJECTS. PROGRAM EXPENSES ALSO INCLUDES THE ADMINISTRATION OF THIS PROGRAM.
PROGRAMS AND PROJECTS SUPPORTED AND ADMINISTERED BY THE ROTARY TRUST FUND THAT SUPPORT CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING THE DICTIONARY PROJECT (PROVIDING DICTIONARIES TO STUDENTS IN THE STAMFORD SCHOOL SYSTEM) AND OPERATION WARM/WINTER COATS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Crawford Trustee | Trustee | 0.5 | $0 |
Alice Knapp Trustee | Trustee | 0.5 | $0 |
William Tone Trustee | Trustee | 0.5 | $0 |
Vanessa Love Trustee | Trustee | 0.5 | $0 |
Christopher Farrugio Trustee, Chairperson | Trustee | 1 | $0 |
Allan Lang Treasurer | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $643,419 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,419 |
| Total Program Service Revenue | $0 |
| Investment income | $19,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $708,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $306,900 |
| Grants and other assistance to domestic individuals. | $55,000 |
| 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 | $8,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,467 |
| 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 | $1,604 |
| All other expenses | $1,795 |
| Total functional expenses | $408,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,903 |
| Savings and temporary cash investments | $140,970 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $877,427 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,028,300 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,028,300 |
| 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 | $1,028,300 |
Grants Awarded
Over the last fiscal year, Stamford Rotary Trust Fund has awarded $306,900 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
PROMETHEUM FOUNDATION INC PURPOSE: ENCOURAGE CRITICAL & ANALYTICAL THINKING, FREEDOM OF THOUGHT AND ENTRANCE INTO THE MARKETPLACE OF IDEAS | $1,000 |
BARTLETT ARBORETUM & GARDEN PURPOSE: SUPPORT SANCTUARY AND CURIOUSITY RE: NATURAL WORLD | $7,500 |
BUILDING ONE COMMUNITY PURPOSE: SUPPORT SUCCESS OF IMMIGRANTS AND THEIR FAMILIES | $10,000 |
CATHOLIC CHARITIES OF FAIRFIELD COUNTY INC PURPOSE: SUPPORT SERVICES FOR THOSE IN NEED | $5,000 |
CHILDRENS LEARNING CENTER OF FAIRFIELD COUNTY PURPOSE: SUPPORT EARLY CHILDHOOD DEVELOPMENT | $10,000 |
DOMUS KIDS INC PURPOSE: PROMOTE HEALTH & OPPORTUNITY FOR YOUTH SUCCESS | $5,000 |