Buffalo Rotary Foundation Inc
- Assets
- $1.1m
- Revenue
- $70.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 10/1971
- Data as of
- 06/2022
- EIN
- 23-7110095
Organization Overview
Buffalo Rotary Foundation Inc is located in Buffalo, NY. The organization was established in 1971. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo 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 06/2022, Buffalo Rotary Foundation Inc generated $70.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $121.0k during the year ending 06/2022. While expenses have increased by 5.3% 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.
Since 2015, Buffalo Rotary Foundation Inc has awarded 57 individual grants totaling $603,990. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. GRANTS ARE AWARDED FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL PURPOSES OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS GRANTS FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL PURPOSES OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nora Eberl President/trustee | Officer | 4 | $0 |
Gerald Kelly Vice President/trustee | Officer | 4 | $0 |
Brian Casey Treasurer/trustee | Officer | 4 | $0 |
Joyce Delong Secretary/trustee | Officer | 4 | $0 |
Michael Sendor Past President/trustee | Trustee | 1 | $0 |
Carolyn Murray Ex-Officio Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,809 |
| Total Program Service Revenue | $0 |
| Investment income | $32,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,941 |
| 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 | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,883 |
| Fees for services: Other | $10,000 |
| 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 | $2,658 |
| Total functional expenses | $120,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,974 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 | $1,033,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,078,847 |
| 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 | $2,500 |
| Total liabilities | $2,500 |
| Net assets without donor restrictions | $222,486 |
| Net assets with donor restrictions | $853,861 |
| 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 | $1,078,847 |
Grants Awarded
Over the last fiscal year, Buffalo Rotary Foundation Inc has awarded $62,491 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Buffalo, NY PURPOSE: PROGRAM EQUIPMENT | $10,000 |
Evanston, IL PURPOSE: ANNUAL POLIO PLUS CONTRIBUTION | $9,000 |
Corpus Christi, TX PURPOSE: COVID EXPENSES | $7,500 |
Buffalo, NY PURPOSE: COVID EXPENSES | $7,500 |
Buffalo, NY PURPOSE: COVID EXPENSES | $7,500 |
Buffalo, NY PURPOSE: COVID EXPENSES | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Buffalo Rotary Foundation Inc has recieved totaling $655.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $155 |
Endowment Analysis
| Beg. Balance | $1,290,486 |
| Earnings | -$149,884 |
| Other Expense | $64,255 |
| Ending Balance | $1,076,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isda Fraternal Association Pittsburgh, PA | $277,868,163 | $84,487,540 |
William Penn Association Pittsburgh, PA | $564,136,496 | $86,255,147 |
The Actors Fund Of America New York, NY | $147,965,954 | $61,544,838 |
Loyal Christian Benefit Association Erie, PA | $108,287,356 | $23,099,109 |
Ukrainian National Association Inc Parsippany, NJ | $178,950,671 | $21,937,849 |
Slovak Catholic Sokol Passaic, NJ | $108,716,912 | $20,620,124 |
Slovene National Benefit Society Imperial, PA | $127,585,848 | $17,289,930 |
Supreme Council Of The Royal Arcanum Boston, MA | $99,452,230 | $9,284,235 |
New Jersey State Policemens Benevolent Association Woodbridge, NJ | $43,741,775 | $9,143,506 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |
Fraternal Order Of Police Philadelphia, PA | $3,187,559 | $6,876,497 |
Ancient Accepted Scottish Rite Of Freemasonry Nmj Lexington, MA | $3,004,152 | $3,706,614 |