Fairfield Rotary Club Foundation Inc
- Assets
- $1.1m
- Revenue
- $88.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, CT
- Founding
- 04/1966
- Data as of
- 06/2022
- EIN
- 06-6079544
Organization Overview
Fairfield Rotary Club Foundation Inc is located in Fairfield, CT. The organization was established in 1966. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield 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 06/2022, Fairfield Rotary Club Foundation Inc generated $88.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $81.7k during the year ending 06/2022. While expenses have increased by 8.9% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED STATEMENT OF ORGANIZATIONS PRIMARY EXEMPT PURPOSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FAIRFIELD ROTARY FOUNDATION AWARDS COMMUNITY GRANTS TO OTHER NON PROFIT 501(C)(3) ORGANIZATIONS TOHELP THEM MEET THEIR EXEMPT FUNCTION PURPOSE. DURING THIS YEAR THE FOUNDATION AWARDED THIRTY TWO GRANTSTO VARIOUS ORGANIZATIONS.
THE FAIRFIELD ROTARY FOUNDATION AWARDS COLLEGE SCHOLARSHIPS IN TOTAL $24,000 TOHIGH SCHOOL SENIORS WHO HAVE DEMONSTRATED AN OUTSTANDING COMMITMENT TO COMMUNITY SERVICE ANDEXEMPLIFY THE ROTARY MOTTO OF SERVICE ABOVE SELF. SCHOLASTIC ACHIEVEMENT AND FINANCIAL NEEDARE CONSIDERED IN MAKING THESE AWARDS. DUE TO THE COVID PANDEMIC THIS YEAR $24,000 HAS BEEN SETASIDE FOR SCHOLARSHIPS.
THE ORGANIZATION VOTED TO PARTICIPATE IN A MATCHING GRANT PROGRAM FOR CALL TO CARE UGANDA.FROM PROVIDING VILLAGES WITH WELLS FOR CLEAN DRINKING WATER TO BUILDING CHILDREN PLAYGROUNDS AND FURTHERING CHILDREN EDUCATION PROGRAMS THEIR MAIN GOALS ARE TO BRING HEALTH, SAFETY AND EDUCTAION TO THOUSANDS OF CHILDREN ACROSS UGANDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Carroll Mirylees Director | Trustee | 1 | $0 |
Robert Price Director | Trustee | 1 | $0 |
Douglas Williams Trustee | Trustee | 1 | $0 |
Renato Gasparian Director | Trustee | 1 | $0 |
Norma Peterson Director | Trustee | 1 | $0 |
Gary Kealey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,577 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,462 |
| Total Program Service Revenue | $0 |
| Investment income | $41,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,582 |
| Net Income from Fundraising Events | $2,024 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,024 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,500 |
| Grants and other assistance to domestic individuals. | $27,700 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $739 |
| 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 | $81,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,405 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,150 |
| 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 | $984,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,068,764 |
| Accounts payable and accrued expenses | $83,143 |
| 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 | $83,143 |
| Net assets without donor restrictions | $984,621 |
| Net assets with donor restrictions | $1,000 |
| 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 | $1,068,764 |
Grants Awarded
Over the last fiscal year, Fairfield Rotary Club Foundation Inc has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALL TO CARE UGANDA INC PURPOSE: Building Children Playgrounds | $0 |
COMMUNITY GRANT AWARDS 32 PURPOSE: See attached listing and details | $0 |