Salem Rotary Foundation is located in Salem, OR. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Salem Rotary Foundation 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, Salem Rotary Foundation generated $209.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $954.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER, DEVELOP, PROMOTE AND ENCOURAGE THE HEALTH, EDUCATION AND THE GENERAL WELFARE OF YOUNG PEOPLE, PRINCIPALLY OF THE CITY OF SALEM, OREGON AND ITS ENVIRONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALEM ROTARY FOUNDATION - THE GERRY FRANK | SALEM ROTARY AMPHITHEATER. CONCLUDING PROJECT CONSTUCTION EXPENDITURES. THIS IS A MULTI-YEAR PROJECT TO COMMEMORATE THE CENTENNIAL YEAR OF ROTARY IN SALEM - 2019-20.
GILBERT HOUSE CHILDREN'S MUSEUM - FUNDING FOR EDUCATIONAL ACTIVITY AREA AS PART OF A LARGER MUSEUM UPGRADE PROJECT
EAST SALEM COMMUNITY CENTER - FUNDING FOR NEW YOUTH SOCCER FIELD
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tim Nissen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jayne Downing President | OfficerTrustee | 1 | $0 |
Doug Parham Director | Trustee | 1 | $0 |
Russell Mccracken Director | Trustee | 1 | $0 |
Barry Nelson Director | Trustee | 1 | $0 |
Linda Norris Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $15,000 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $125,579 |
Noncash contributions included in lines 1a–1f | $48,515 |
Total Revenue from Contributions, Gifts, Grants & Similar | $140,579 |
Total Program Service Revenue | $0 |
Investment income | $31,582 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $37,610 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $209,771 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
Grants and other assistance to domestic individuals. | $0 |
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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $9,332 |
Fees for services: Other | $793,932 |
Advertising and promotion | $7,500 |
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 | $1,447 |
All other expenses | $231 |
Total functional expenses | $954,920 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $74,747 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,417,641 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,492,388 |
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 | $0 |
Total liabilities | $0 |
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 | $1,492,388 |
Total liabilities and net assets/fund balances | $1,492,388 |
Over the last fiscal year, Salem Rotary Foundation has awarded $54,500 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Salem, OR PURPOSE: PROVIDE FUNDING FOR EDUCATIONAL ACTIVITY AREA AS PART OF MUSEUM UPGRADE | $42,500 |
BLANCHET COMMUNITY FOUNDATION (EAST SALEM COMMUNITY CENTER) PURPOSE: PROVIDE FUNDS FOR DEVELOPMENT OF A NEW YOUTH SOCCER FIELD | $12,000 |
Over the last fiscal year, we have identified 5 grants that Salem Rotary Foundation has recieved totaling $428,765.
Awarding Organization | Amount |
---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: GERRY FRANK AMPHITHEATER CONSTRUCTION | $400,000 |
The Brandaw Family Foundation Wilmington, DE PURPOSE: GERRY FRANK AMPHITHEATER | $12,500 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Organization Name | Assets | Revenue |
---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |