Madison Rotary Club Foundation Inc

Organization Overview

Madison Rotary Club Foundation Inc, operating under the name Madison Rotary, is located in Madison, NJ. The organization was established in 1995. 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. Madison Rotary 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 06/2024, Madison Rotary generated $212.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $200.8k during the year ending 06/2024. While expenses have increased by 28.0% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION IS A COMMUNITY SERVICE ORGANIZATION WITH THREE PRINCIPAL CHARITABLE ACTIVITIES - FIGHTING FOOD INSECURITY, SUPPORTING EDUCATIONAL PROGRAMS AND FUNDING COMMUNITY ORGANIZATIONS. PROGRAM SERVICES ALSO INCLUDE WEEKLY MEETINGS AND PERIODIC COMMUNITY-BUILDING EVENTS FOR MEMBERS AND THE PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO APPROXIMATELY 30 LOCAL ORGANIZATIONS AND DISTRIBUTIONS TO THE ROTARY FOUNDATION IN SUPPORT OF ROTARY CAUSES.


COLLEGE SCHOLARSHIPS AND COMMUNITY SERVICE RECOGNITION AWARDS FOR HIGH SCHOOL STUDENTS; DISTRIBUTION OF DICTIONARIES TO ALL MADISON 3RD GRADERS; AND MENTORING AND FINANCIAL SUPPORT FOR THE INTERACT CLUB, A HIGH SCHOOL SERVICE ORGANIZATION.


BIWEEKLY COLLECTIONS OF FOOD DONATED BY RESIDENTS; PERIODIC PREPARATION OF SOUP FOR DONATION TO LOCAL ORGANIZATIONS; COMMUNITY GARDEN TO RAISE VEGETABLES FOR DONATION.


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Board, Officers & Key Employees

Name (title)Compensation
David Duran
Assistant Treasurer
$0
Barry Kroll
Secretary-Membership
$0
Joseph Smith
Membership Chair
$0
John Hogan
Youth Service Chair
$0
Tanya Van Order
Trustee
$0
Patricia Miller
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$20,507
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,901
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$26,408
Total Program Service Revenue$156,206
Investment income $30
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 $29,842
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $212,486

Grants Awarded

Over the last fiscal year, Madison Rotary Club Foundation Inc has awarded $41,275 in support to 2 organizations.

Grant RecipientAmount

THE ROTARY FOUNDATION

|

|

$6,275

MADISON YMCA

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$35,000
View Grant Profile

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