Tacoma Rotary 8 Foundation
- Assets
- $2.3m
- Revenue
- $377.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 07/1972
- Data as of
- 06/2023
- EIN
- 23-7212887
Organization Overview
Tacoma Rotary 8 Foundation is located in Tacoma, WA. The organization was established in 1972. 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. Tacoma Rotary 8 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, Tacoma Rotary 8 Foundation generated $377.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $299.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tacoma Rotary 8 Foundation has awarded 112 individual grants totaling $827,541. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOCAL SUPPORT TO VARIOUS CHARITABLE ORGANIZATIONS IN THE LOCAL AND GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO VARIOUS CHARITABLE ORGANIZATIONS IN THE COMMUNITY AND THE ROTARY CLUB OF TACOMA #8 . GRANTS ARE MADE AVAILABLE TO ORGANIZATIONS THAT PROVIDE SERVICES TO LESS FORTUNATE INDIVIDUALS. SERVICES TO THESE ORGANIZATIONS HELP TO COVER FOOD, HEALTH CARE, HOUSING, AND THE OVERALL GENERAL HEALTH OF INDIVIDUALS SERVED BY THESE ORGANIZATIONS. THE FOUNDATION ALSO CONDUCTED VARIOUS COMMUNITY SERVICE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Anderson President | OfficerTrustee | 2 | $0 |
Jeff Albers Vice President | OfficerTrustee | 2 | $0 |
Cynthia Darland Treasurer | OfficerTrustee | 2 | $0 |
Rick Triggs Secretary | OfficerTrustee | 2 | $0 |
Whitney Grisaffi Director | Trustee | 2 | $0 |
Maria Harlow Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $233,055 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,942 |
| Noncash contributions included in lines 1a–1f | $66,013 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,997 |
| Total Program Service Revenue | $0 |
| Investment income | $2,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,888 |
| Net Income from Fundraising Events | -$23,212 |
| Net Income from Gaming Activities | $6,966 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $228,965 |
| Grants and other assistance to domestic individuals. | $33,550 |
| 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 | $10,691 |
| Fees for services: Other | $5,670 |
| 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 | $299,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,850 |
| Savings and temporary cash investments | $444,240 |
| 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 | $1,799,355 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,300,445 |
| 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 | -$270 |
| Total liabilities | -$270 |
| Net assets without donor restrictions | $2,300,715 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,300,445 |
Grants Awarded
Over the last fiscal year, Tacoma Rotary 8 Foundation has awarded $149,220 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY CLUB OF TACOMA PURPOSE: TO SUPPORT THE OPERATIONS OF THE ROTARY CLUB OF TACOMA | $83,220 |
FRIENDS OF THE CHILDREN PURPOSE: TO PROVIDE ASSISTANCE TO THOSE IN NEED IN OUR COMMUNITY | $8,000 |
TACOMA SUNRISE ROTARY FOUNDATION PURPOSE: TO PROVIDE ASSISTANCE TO THOSE IN NEED IN OUR COMMUNITY | $7,000 |
YWCA PIERCE COUNTY WA PURPOSE: TO PROVIDE ASSISTANCE TO THOSE IN NEED IN OUR COMMUNITY | $8,000 |
NEIGHBORHOOD CLINIC PURPOSE: TO PROVIDE ASSISTANCE TO THOSE IN NEED IN OUR COMMUNITY | $8,000 |
THE COFFEE OASIS PURPOSE: TO PROVIDE ASSISTANCE TO THOSE IN NEED IN OUR COMMUNITY | $6,000 |