Madison East Rotary Foundation Inc
- Assets
- $0.0
- Revenue
- $16.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 08/1969
- Data as of
- 12/2023
- EIN
- 23-7034141
Organization Overview
Madison East Rotary Foundation Inc is located in Madison, WI. The organization was established in 1969. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison East 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 12/2023, Madison East Rotary Foundation Inc generated $16.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $256.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Henrich Treasurer | 1 | $0 | |
James Oughton President | 1 | $0 | |
Harold Ripp Director | 1 | $0 | |
Penelope Kochanski Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $477 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,477 |
| Capital Gain Net Income | $15,477 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,073 |
| Total operating and administrative expenses | $1,073 |
| Contributions, gifts, grants paid | $255,408 |
| Total expenses and disbursements | $256,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Madison East Rotary Foundation Inc has awarded $10,262 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DONALD CONWAY - MADISON LAFOLLETTE PURPOSE: SCHOLARSHIP | $1,000 |
MERIEM YAHIAOUL-MADISON LAFOLLETTE PURPOSE: SCHOLARSHIP | $2,000 |
GRANT BORCHERDING-MADISON LAFOLLETT PURPOSE: SCHOLARSHIP | $3,000 |
JORDY FOUEPPE-MADISON EAST HIGH SCH PURPOSE: SCHOLARSHIP | $1,000 |
ANDREW MORROW-MADISON EAST HIGH SCH PURPOSE: SCHOLARSHIP | $1,000 |
MADELINE HARFORD-MONONA GROVE HS PURPOSE: SCHOLARSHIP | $1,012 |