Lafayette Rotary Foundation Inc
- Assets
- $925.4k
- Revenue
- $9.9k
- Investments
- $855.2k
- Employees
- 0
- Location
- West Lafayette, IN
- Founding
- 06/1982
- Data as of
- 06/2022
- EIN
- 23-7330575
Organization Overview
Lafayette Rotary Foundation Inc is located in West Lafayette, IN. The organization was established in 1982. 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. Lafayette 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, Lafayette Rotary Foundation Inc generated $9.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $92.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lafayette Rotary Foundation Inc has awarded 15 individual grants totaling $181,968. 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
TO RAISE MONEY TO SUPPORT 501(C)3 ORGANIZATIONS AND FUND PROGRAMS NEEDED BY THE LOCAL COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BACKPACK PROJECT - PROGRAM TO PROVIDE FOOD IN THE HOME ENVIRONMENT FOR THOSE CHILDREN NEEDING ASSISTANCE. WORK WITH FOOD FINDERS ORGANIZATION WHO PROVIDED THE MENU/ GUIDELINES TO FOLLOW. CLUB WORKED WITH KROGER COMPANY TO PROVIDE MILK COUPONS. APPROXIMATELY 1000 VOLUNTEER HOURS OVER 35 WEEKS. ASSISTED APPROXIMATELY 84 FAMILIES WITH BACKPACKS WITH FOOD.
PROVIDE FUNDING TO PURCHASE BOOKS AND MAILING THEM EACH MONTH TO CHILDREN RESIDING IN TIPPECANOE COUNTY THROUGH THE RIGHT STEPS DEVELOPMENT CENTERS. TOTAL FUNDING FOR THE FISCAL YEAR WAS $15,750 TO OVER 440 CHILDREN AGES MONTHS TO 5 YEARS OLD.
SCHOLARSHIP PROGRAM - SCHOOL GUIDANCE COUNSELORS HAVE APPLICATIONS AS PART OF THEIR OVERALL COMMUNITY SCHOLARSHIP OPPORTUNITIES FOR STUDENTS. STUDENTS CHOSEN FROM LOCAL HIGH SCHOOLS AND ONE FROM PRIVATE INSTITUTIONS. STUDENTS ARE INVITED GUESTS TO MEETINGS. VOCATIONAL SCHOOL STUDENTS WORK WITH THEIR GUIDANCE COUNSELORS. SCHOLARSHIP WINNERS ARE CHOSEN BY COMMITTEE BASED ON MERIT AND OVERALL APPLICATION TO PROGRAM. ALL STUDENTS ARE INVITED TO AN AWARDS LUNCHEON. PROGRAM PROVIDED 4 SCHOLARSHIPS OF A $1,000 TO UNIVERSITIES AND COLLEGES WITH 3 SCHOLARSHIP TO PURDUE UNIVERSITY AND 1 TO DARTMOUTH COLLEGE. THE OTHER 11 SCHOLARSHIPS WERE TO IVY TECH COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Turner Asst. Treasurer | OfficerTrustee | 3 | $0 |
Rudy Klim Director | Trustee | 1 | $0 |
Renee Figueroa Executive Sec. | OfficerTrustee | 6 | $0 |
Floyd Garrott Treasurer | OfficerTrustee | 3 | $0 |
Rhonda Overman Director | Trustee | 1 | $0 |
Dave Luhman President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,962 |
| Investment income | $35,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$148,704 |
| Net Income from Fundraising Events | $8,131 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,928 |
| Statement of Expenses | |
|---|---|
| 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 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 | $647 |
| 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 | $698 |
| All other expenses | $0 |
| Total functional expenses | $92,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,218 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $855,186 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $925,404 |
| 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 |
| Total liabilities and net assets/fund balances | $925,404 |
Grants Awarded
Over the last fiscal year, Lafayette Rotary Foundation Inc has awarded $37,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IVY TECH COMM COLLEGE PURPOSE: PROVIDE 11 SCHOLARSHIPS | $11,000 |
LAFAYETTE SCHOOL CORP PURPOSE: FUNDING FOR IT'S MAY CLOSET | $10,750 |
RIGHT STEPS CHILD DEV CTR PURPOSE: FUNDING BOOKS FOR READING | $15,750 |