Healdsburg Rotary Scholarship Fund
- Assets
- $835.0k
- Revenue
- $169.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Healdsburg, CA
- Founding
- 06/2006
- Data as of
- 06/2023
- EIN
- 20-4779014
Organization Overview
Healdsburg Rotary Scholarship Fund is located in Healdsburg, CA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healdsburg Rotary Scholarship 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 06/2023, Healdsburg Rotary Scholarship Fund generated $169.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $94.4k during the year ending 06/2023. While expenses have increased by 19.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO RESIDE WITHIN THE HEALDSBURG UNIFIED HIGH SCHOOL DISTRICT FOR POST SECONDARY (COLLEGE OR TRADE SCHOOL) EDUCATION AND RELATED EXPENSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS PROVIDED FOR HIGHER EDUCATION OF SCHOLARSHIP RECIPIENTSMAJOR PROJECTS FOR OUR FOUNDATION CRAB FEAST AND AUCTION VOLUNTEER HOURS 200 HOURS - $193,000 WAS RAISED. NET $161,000 AS REALIZED. AN EVENT SERVICES AGREEMENT WITH THE HEALDSBURG ROTARY CLUB WAS ESTABLISHED TO MANAGE THE EVENT AND A FEE OF $15,000 WAS PAID. EVENT DUTIES WERE FINANCIAL AND AUCTION ACCOUNTING, SOLICITATION AND COLLECTION OF DONATIONS, PUBLICITY FOR THE EVENT, SALE OF TICKETS, PROCESSING AND COLLECTION OF PAYMENTS, DISBURSEMENT OF AUCTION WINNINGS AND DINNER PREPARATION. THE NON-PROFIT AUCTION COMPANY, GREATER GIVING, PROVIDED THE SOFTWARE FOR THE EVENT. CREDIT CARD PAYMENTS WERE COLLECTED BY THE ROTARY CLUB, AND THEN PASSED THROUGH TO THE FOUNDATION FOR ACCOUNTING. OUR GRANT AND DONATIONS FOLLOWS THE IRS CHARITABLE NON-PROFIT REGULATIONS AND IS GUIDED BY THE ROTARY INTERNATIONAL CONSTITUTION AND OUR BY-LAWS. THE BOARD OF DIRECTORS HAS AUTONOMY TO DIRECT GRANTS TO VARIOUS GROUPS IN OUR COMMUNITY AS WELL AS INTERNATIONALLY. IN THE LAST 12 MONTHS, WE FUNDED COMMUNITY PROJECTS THAT INSTALLED PUBLIC SWINGS FOR HANDICAPPED CHILDREN, FUNDED THE PURCHASE OF EQUIPMENT TO ELIMINATE FIRE HAZARDS IN OUR AREA, FUNDED FOOD BANK EQUIPMENT, FUNDED THE DOLLY PARTON IMAGINATION LIBRARY FOR HEALDSBURG AND GEYSERVILLE CHILDREN, AND PROVIDED HIGH SCHOOL SENIORS WITH COLLEGE SCHOLARSHIPS TO CONTINUE THEIR EDUCATION. IN 2022, WE FUNDED 17 NEW AND 16 RETURNING STUDENT SCHOLARSHIPS TOTALING $43,500. OVER THE LAST 10 YEARS, WE HAVE FUNDED OVER $330,000 IN SCHOLARSHIPS. IN 2022, WE ALSO FUNDED TWO TUITION SCHOLARSHIPS TOTALING $3,000 TO UNDERSERVED GUATEMALAN STUDENTS TO CONTINUE THEIR EDUCATION IN THEIR COUNTRY. BOTH FINANCIAL AND PHYSICAL LABOR WAS SUPPLIED TO 8 DIFFERENT NON-PROFIT GROUPS IN THE 2022-2023 YEAR. THE TOTAL GRANTS AND DONATIONS FOR THAT TIME PERIOD WAS $44,000. THE TOTAL VOLUNTEER HOURS WERE WELL OVER 300 HOURS. OUR PROJECTS IMPACTED AT LEAST 15,000 PEOPLE IN OUR LOCAL COMMUNITY AND 300 INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Mitchell Director | Trustee | 4 | $0 |
Richard Norgrove Director | Trustee | 4 | $0 |
Jamie Campoverde Secretary | Trustee | 6 | $0 |
Mark Decker Treasurer | Trustee | 10 | $0 |
Graham Freeman Director | Trustee | 4 | $0 |
Tricia Fichtner Director | Trustee | 4 | $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 | $55,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,975 |
| Total Program Service Revenue | $0 |
| Investment income | $15,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $98,640 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $88,676 |
| 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 | $750 |
| 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 | $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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $94,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,629 |
| Savings and temporary cash investments | $94,411 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $355 |
| 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 | $7,444 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $727,111 |
| Total assets | $834,950 |
| 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 | $1 |
| Total liabilities | $1 |
| Net assets without donor restrictions | $0 |
| 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 | $834,949 |
| Total liabilities and net assets/fund balances | $834,950 |