Westfield Rotary Club Foundation
- Assets
- $1.3m
- Revenue
- $381.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- 05/1965
- Data as of
- 06/2021
- EIN
- 23-7111919
Organization Overview
Westfield Rotary Club Foundation is located in Westfield, NJ. The organization was established in 1965. 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. Westfield Rotary Club 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 06/2021, Westfield Rotary Club Foundation generated $381.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $123.4k during the year ending 06/2021. While expenses have increased by 3.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS CHARITABLE ENDEAVORS AND PROVIDES SCHOLARSHIPS TO WORTHY AND DESERVING COLLEGE STUDENTS IN THE WESTFIELD, NJ AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDING COLLEGE SCHOLARSHIPS TO DESERVING STUDENTS OF THE WESTFIELD, NJ AREA
PROVIDING FINANCIAL ASSISTANCE TO WORTHWHILE CHARITABLE ENDEAVORS
OTHER ACTIVITIES RELATED TO ROTARY MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Ketcham Board Director | OfficerTrustee | 2 | $0 |
Heidi Obiajulu Board Director | Trustee | 2 | $0 |
Tony Laporta Board Director | Trustee | 2 | $0 |
Elena Herskowitz Board Director | Trustee | 2 | $0 |
Lauren Barr Board Director | Trustee | 2 | $0 |
Barbara Frantz Board Director | Trustee | 2 | $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 | $128,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,073 |
| Total Program Service Revenue | $8,916 |
| Investment income | $237,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,696 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,332 |
| Grants and other assistance to domestic individuals. | $72,000 |
| 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 | $250 |
| 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 | $123,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,013 |
| 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 | $1,185,569 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,347,582 |
| 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 | $498,625 |
| Net assets with donor restrictions | $848,957 |
| 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 | $1,347,582 |
Grants Awarded
Over the last fiscal year, Westfield Rotary Club Foundation has awarded $0 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
FURNITURE ASSIST PURPOSE: Financial assistance | $0 |
WHS INTERACT CLUB PURPOSE: Financial assistance | $0 |
COUNSELING CENTER FOR HUMAN DEVELOP PURPOSE: Financial assistance | $0 |
CHILDRENS SPECIALIZED HOSPITAL PURPOSE: Financial assistance | $0 |
ELIZABETH COALITION PURPOSE: Financial assistance | $0 |
IMAGINE PURPOSE: Financial assistance | $0 |
Endowment Analysis
| Beg. Balance | $607,001 |
| Ending Balance | $607,001 |
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|---|---|---|
Pennsylvania Coalition Against Domestic Violence Harrisburg, PA | $12,880,221 | $39,594,971 |
B H R A G S Homecare Inc Brooklyn, NY | $22,952,374 | $39,112,109 |
Coalition For Hispanic Family Ser Brooklyn, NY | $9,747,863 | $28,088,476 |
Community Programs Of Westchester Jewish Community Services White Plains, NY | $12,138,978 | $16,937,661 |
Sunnyside Community Services Inc Long Island City, NY | $7,213,077 | $15,496,475 |
Marshall Project Inc New York, NY | $18,747,646 | $15,174,508 |
Nassau-Suffolk Law Services Committee Inc Hempstead, NY | $5,326,603 | $11,194,760 |
Center For Family Resources Inc Ringwood, NJ | $4,628,720 | $9,195,275 |
Mercy Flight Central Inc Canandaigua, NY | $14,339,659 | $14,213,717 |
Here To Here Foundation Inc Bronx, NY | $10,262,789 | $1,365,332 |
Arab-American Family Support Center Inc Brooklyn, NY | $5,221,623 | $9,617,886 |
Ironbound Community Corporation Newark, NJ | $18,528,581 | $9,449,256 |