Locust Valley Rotary Club Foundation Inc
- Assets
- $11.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Locust Valley, NY
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 11-3075245
Organization Overview
Locust Valley Rotary Club Foundation Inc is located in Locust Valley, NY. The organization was established in 1992. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Locust Valley 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 12/2023, Locust Valley Rotary Club Foundation Inc generated $7.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $12.1k during the year ending 12/2023. 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 Mission:
Part 3 - Line 1
TO DISBURSE PROPERTY OF THE FOUNDATION TO BE USED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, LITERARY, SCIENTIFIC, EDUCATIONAL OR MEDICAL PURPOSES.
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION GIVES GRANTS TO VARIOUS CHARITABLE ORGANIZATION.
VARIOUS SCHOLARSHIPS WERE GIVEN TO DESERVING STUDENTS TO BE USED FOR EDUCATIONAL PURPOSES.THE ORGANIZATION GIVES GRANTS TO THE ROTARY FOUNDATION AND OTHER ROTARIES
THE ORGANIZATION GIVES A GRANT TO SHELTER BOX
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Rosolino President | 0.5 | $0 | |
Kathleen Santucci Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,724 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,724 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $12,108 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,704 |
| Other assets | $0 |
| Total assets | $11,704 |
| Total liabilities | $25 |
| Net assets or fund balances | $11,679 |
Grants Awarded
Over the last fiscal year, Locust Valley Rotary Club Foundation Inc has awarded $20,540 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZATIONS NOT MORE THAN 5000 EACH PURPOSE: PURSUANT TO THE EXEMPT PURPOSE OF THE ORGANIZATION DONATIONS WERE MADE FOR DISASTER RELIEF, MEDICAL RELIEF AND TO OTHER CHARITABLE ORGANIZATIONS. | $9,190 |
THE ROTARY FOUNDATION PURPOSE: PURSUANT TO THE TAX EXEMPT PURPOSE OF THE ORGANIZATION A DONATION WAS MADE TO AN ORGANIZATION THAT SUPPORTS THE IMPROVEMENT OF HEALTH, EDUCATION AND ALLEVIATES POVERTY IN THE WORLD | $11,350 |