Saranac Lake Rotary Foundation Inc

Organization Overview

Saranac Lake Rotary Foundation Inc is located in Ray Brook, NY. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saranac Lake Rotary 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, Saranac Lake Rotary Foundation Inc generated $211.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $145.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ACQUIRE AND PROVIDE RESOURCES TO LOCAL CHARITABLE ORGANIZATIONS AND MUNICIPALITIES FOR CHARITABLE WORK, EDUATIONAL PROJECTS AND PUBLIC IMPROVEMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ACQUIRE AND PROVIDE RESOURCES TO LOCAL CHARITABLE ORGANIZATIONS AND MUNICIPALITIES FOR CHARITABLE WORK, EDUCATIONAL PROJECTS AND PUBLIC IMPROVEMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Julie Connors
Secretary
$0
Kevin J Laplante
Treasurer
$0
Mitchel Smith
President
$0
Beth Phillips
Vice-Preside
$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$208,222
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$208,222
Total Program Service Revenue$0
Investment income $310
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $211,315

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Saranac Lake Rotary Foundation Inc has recieved totaling $11,600.

Awarding OrganizationAmount
Adirondack Foundation

Lake Placid, NY

PURPOSE: FOR LOW-MODERATE INCOME (LMI) FOOD DISTRIBUTION COORDINATOR

$11,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$100
View Grant Recipient Profile

Peer Organizations

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