Los Gatos Morning Rotary Charitable Foundation
- Assets
- $501.0k
- Revenue
- $170.0k
- Investments
- $483.5k
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- 07/2009
- Data as of
- 06/2022
- EIN
- 27-0212530
Organization Overview
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)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Los Gatos Morning Rotary Charitable Foundation generated $170.0k 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 (4.6%) each year. All expenses for the organization totaled $169.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) 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 130 individual grants totaling $516,351. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph W Pfahnl Treasurer/t'tee | 2 | $0 | |
Trevor Schwartz Trustee | 1 | $0 | |
Chris Miller Trustee | 1 | $0 | |
Lynne H Brown Chairman | 2 | $0 | |
Margaret Mcinerney Secretary/t'tee | 2 | $0 | |
Dan Lawson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $89,645 |
| Interest on Savings | $294 |
| Dividends & Interest | $11,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,319 |
| Capital Gain Net Income | $7,319 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,000 |
| Total Revenue | $169,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $260 |
| Depreciation | $0 |
| Occupancy | $5,708 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,752 |
| Total operating and administrative expenses | $10,150 |
| Contributions, gifts, grants paid | $159,247 |
| Total expenses and disbursements | $169,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,035 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,414 |
| 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 | $500,950 |
| Accounts payable and accrued expenses | $3,414 |
| Grants payable | $20,500 |
| 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 | $23,914 |
Grants Awarded
Over the last fiscal year, Los Gatos Morning Rotary Charitable Foundation has awarded $159,247 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
THE DOUG MCNEIL FUND SEE NOTE PURPOSE: FINANCIAL SUPPORT | $87,497 |
San Jose, CA PURPOSE: FINANCIAL SUPPORT | $10,000 |
San Francisco, CA PURPOSE: FINANCIAL SUPPORT | $5,000 |
Milpitas, CA PURPOSE: FINANCIAL SUPPORT | $5,000 |
L G UNITED METHODIST CH - COLONET PURPOSE: FINANCIAL SUPPORT | $5,000 |
Alameda, CA PURPOSE: FINANCIAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Los Gatos Morning Rotary Charitable Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Matt And Gretchen Dinapoli Family Foundation Los Gatos, CA PURPOSE: CHARITABLE GIVING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |