Madison Rotary Club Foundation Inc
- Assets
- $58.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, NJ
- Founding
- 06/1995
- Data as of
- 06/2022
- EIN
- 22-3337586
Organization Overview
Madison Rotary Club Foundation Inc 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 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 06/2022, Madison Rotary Club Foundation Inc generated $112.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $106.2k during the year ending 06/2022. While expenses have increased by 25.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUND DONATIONS TO NON-PROFIT ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3
FUND DONATIONS TO NON-PROFIT ORGANIZATIONS
FUND DONATIONS TO NON-PROFIT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Willis President | 5 | $0 | |
Frances Mangravite President-Elest | 5 | $0 | |
Arthur Powell Treasurer | 7 | $0 | |
James Foster Vice President | 5 | $0 | |
Joseph Smith Membership Chair | 5 | $0 | |
John Hogan Youth Service Chair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,304 |
| Total Program Service Revenue | $30,397 |
| Membership dues | $25,929 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $36,245 |
| Other Revenue | $0 |
| Total Revenue | $112,877 |
| 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 | $537 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $907 |
| Other expenses | $37,714 |
| Total expenses | $106,217 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,524 |
| Other assets | $0 |
| Total assets | $58,024 |
| Total liabilities | $0 |
| Net assets or fund balances | $58,024 |
Grants Awarded
Over the last fiscal year, Madison Rotary Club Foundation Inc has awarded $41,275 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON YMCA | | | $35,000 |
THE ROTARY FOUNDATION | | | $6,275 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Madison Rotary Club Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |