Fairfield Rotary Club Foundation Inc
- Assets
- $1.2m
- Revenue
- $91.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, CT
- Founding
- 04/1966
- Data as of
- 06/2021
- 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 06/2021, Fairfield Rotary Club Foundation Inc generated $91.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $70.2k during the year ending 06/2021. 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
2021
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 TWENTY FIVE GRANTSTO VARIOUS ORGANIZATIONS. NO GRANT PAID TO ANY ONE ORGANIZATION EQUALED OR EXCEEDED $5,000.00 IN AMOUNT.
THE FAIRFIELD ROTARY FOUNDATION AWARDS COLLEGE SCHOLARSHIPS IN THE TOTAL AMOUNT OF $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 19 PANDEMIC THE $24,000 HAS BEEN ALLOCATED.
4 WAY TEST AWARDS ARE MADE TO AREA HIGH SCHOOL STUDENTS MEETING THE SERVICE ABOVE SELF PRESENTATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Stewart Vice Pres | Officer | 1 | $0 |
Janet Barillari Asst Treas | Officer | 1 | $0 |
Richard J Huber CFO | Officer | 1 | $0 |
Deborah Clancy Treasurer | Officer | 1 | $0 |
Kevin Lesko President | Officer | 1 | $0 |
Steve Elworthy Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,147 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,057 |
| Total Program Service Revenue | $0 |
| Investment income | $43,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,577 |
| Net Income from Fundraising Events | -$3,324 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,900 |
| Grants and other assistance to domestic individuals. | $25,050 |
| 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 | $536 |
| 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 | $70,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,071 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,880 |
| 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 | $1,110,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,193,059 |
| Accounts payable and accrued expenses | $67,841 |
| 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 | $67,841 |
| Net assets without donor restrictions | $1,124,218 |
| 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 | $1,193,059 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairfield Rotary Club Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Arbella Insurance Foundation Inc Boston, MA PURPOSE: UNRESTRICTED OPERATING FUNDS | $2,500 |
Peer Organizations
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|---|---|---|
Third Sector Capital Partners Inc Boston, MA | $27,345,891 | $27,551,770 |
Buffalo Civic Auto Ramps Inc Buffalo, NY | $1,499,927 | $7,888,664 |
Data & Society Research Institute New York, NY | $10,624,558 | $3,287,575 |
Bend The Arc Jewish Action Inc New York, NY | $2,917,123 | $4,796,081 |
Build Commonwealth Inc Boston, MA | $4,562,136 | $1,917,151 |
Greater Syracuse Property Development Corporation Syracuse, NY | $6,042,694 | $3,813,121 |
East Mid-Manhattan District Management Association Inc New York, NY | $3,778,894 | $3,534,351 |
New York 811 Inc Bohemia, NY | $4,587,897 | $3,122,927 |
Boston Public Market Boston, MA | $10,519,355 | $1,304,589 |
Catholic Investment Services Inc Boston, MA | $1,253,675 | $2,110,461 |
New York State Local Government Services Foundation Inc Albany, NY | $314,574 | $1,870,171 |
Worcester Community Housing Resources Inc Worcester, MA | $25,013,732 | $2,233,936 |