The Rotary Club Of Miami Florida Foundation Inc
- Assets
- $1.1m
- Revenue
- $62.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 04/1971
- Data as of
- 06/2024
- EIN
- 23-7091199
Organization Overview
The Rotary Club Of Miami Florida Foundation Inc is located in Miami, FL. The organization was established in 1971. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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. Rotary Club Of Miami Florida 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 06/2024, Rotary Club Of Miami Florida Foundation Inc generated $62.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $38.1k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE/GRANTS: THE FOUNDATION SPONSORS VARIOUS PROGRAMS FOR HIGH SCHOOLL STUDENTS IN THE COMMUNITY WITH AN EMPHASIS ON COMMUNITY SERVICE AND INVOLVEMENT. ADDITIONALLY, THE FOUNDATION IS A PRINCIPAL SUPPORTER OF THE ARMED FORCES SERVICE CENTER. THE MIAMI LIGHTHOUSE FOR THE BLIND, VARIOUS TREE PLANTING PROJECTS AND THE BLACK POLICE PRECINCT MUSEUM ARE A FEW OF THE SPONSORED PROGRAMS.
AWARDS AND SCHOLARSHIPS: THE FOUNDATION FUNDS AWARDS AND SCHOLARSHIPS TO COLLEGE STUDENTS, CIVIL SERVANTS AND TO THE ROTARY INTERNATIONAL FOUNDATION FOR THEIR EFFORTS TO FIGHT DISEASE AND POVERTY AS WELL AS VOCATIONAL SERVICES.
MEMORIAL, REMEMBRANCES & VOCATIONAL SERVICE: THE FOUNDATION SPONSORS MULTIPLE RELIEF EFFORTS S, AS WELL AS CONTRIBUTIONS TO TRADITIONAL BROAD BASED YOUTH AND MEMORIAL SERVICE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Cahill Director | Trustee | 2 | $0 |
Brian Tschirhart Director | Trustee | 2 | $0 |
Diane Landsberg Secretary | OfficerTrustee | 4 | $0 |
Phillip Seipp Treasurer | OfficerTrustee | 10 | $0 |
Norby Rudel President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $40,602 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,602 |
| Total Program Service Revenue | $0 |
| Investment income | $21,464 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,066 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,065 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $990 |
| 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 | $38,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,167 |
| Savings and temporary cash investments | $0 |
| 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 | $1,087,100 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,092,267 |
| 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 | $999,267 |
| Net assets with donor restrictions | $93,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,092,267 |