Los Gatos Morning Rotary Charitable Foundation is located in Los Gatos, CA. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Gatos Morning Rotary Charitable 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, Los Gatos Morning Rotary Charitable Foundation generated $56.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $79.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Los Gatos Morning Rotary Charitable Foundation has awarded 143 individual grants totaling $587,290. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Margaret Mcinerney Chairman | 2 | $0 | |
Dan Lawson Trustee | 1 | $0 | |
Trevor Schwartz Trustee | 1 | $0 | |
Carol Waitte Trustee | 2 | $0 | |
Kohinoor Chakravarty Trustee | 1 | $0 | |
Joseph W Pfahnl Treasurer | 2 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $30,444 |
Interest on Savings | $21 |
Dividends & Interest | $9,928 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $1,969 |
Capital Gain Net Income | $1,969 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $14,000 |
Total Revenue | $56,362 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $313 |
Depreciation | $0 |
Occupancy | $5,988 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $8,360 |
Contributions, gifts, grants paid | $70,939 |
Total expenses and disbursements | $79,299 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,739 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $2,434 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $476,533 |
Accounts payable and accrued expenses | $2,434 |
Grants payable | $20,000 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $22,434 |
Over the last fiscal year, Los Gatos Morning Rotary Charitable Foundation has awarded $70,939 in support to 13 organizations.
Grant Recipient | Amount |
---|---|
REBUILDING TOGETHER SILICON VALLEY PURPOSE: FINANCIAL SUPPORT | $3,750 |
RAZING THE BAR PURPOSE: FINANCIAL SUPPORT | $5,000 |
ALMADEN VALLEY ROTARY ENDOWMENT PURPOSE: FINANCIAL SUPPORT | $5,000 |
SARATOGA AREA SENIOR COORINATING CO PURPOSE: FINANCIAL SUPPORT | $1,000 |
S C COUNTY DENTAL ASSOCIATION PURPOSE: PROJECT SPONSORSHIP | $1,450 |
THE DOUG MCNEIL FUND SEE NOTE PURPOSE: FINANCIAL SUPPORT | $27,739 |