Salem Rotary Foundation
- Assets
- $1.7m
- Revenue
- $268.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- 03/1970
- Data as of
- 06/2023
- EIN
- 23-7060946
Organization Overview
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 06/2023, Salem Rotary Foundation generated $268.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $102.9k during the year ending 06/2023. While expenses have increased by 9.2% 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
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
CAPITAL FUTBOL CLUB - PARTIAL FUNDING FOR A NEW BUILDING WHICH WILL BE USED TO CARRY OUT THEIR MISSION OF BRINGING THE ACTIVITY AND SOCIAL SKILLS OF SOCCER TO THE YOUTH OF THE COMMUNITY
CTEC - ROBOTICS -- PURCHASE OF MUCH NEEDED HARDWARE TO BUILD COMPETITION ROBOTS. THIS WILL HELP STUDENTS PRACTICE THEIR MECHANICAL DESIGN AND PROGRAMMING SKILLS.
SPARROW FURNITURE - PURCHASE OF TWO LIFT TABLES FOR WORKSHOP APPRENTICES TO USE IN THE WORKSHOP. THIS WILL MAKE IS PHYSICALLY EASIER FOR THE APPRENTICES TO CARRY OUT THEIR WORK EFFORTS IN THE WORKSHOP.
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 |
|---|---|---|---|
Doug Parham Director | Trustee | 1 | $0 |
Tim Nissen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jayne Downing Director | Trustee | 1 | $0 |
Barry Nelson Director | Trustee | 1 | $0 |
Linda Norris Director | Trustee | 1 | $0 |
Russell Mccracken President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,500 |
| Related organizations | $66,781 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,532 |
| Total Program Service Revenue | $0 |
| Investment income | $31,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,833 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,939 |
| 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 | $8,945 |
| 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 | $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 | $102,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,683 |
| 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 | $1,588,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,705,753 |
| 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 | $1,705,753 |
| Total liabilities and net assets/fund balances | $1,705,753 |
Grants Awarded
Over the last fiscal year, Salem Rotary Foundation has awarded $54,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GILBERT HOUSE CHILDREN'S MUSEUM INC 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 |