Denver Lake Norman Rotary Club Foundation Inc
- Assets
- $1.2m
- Revenue
- $24.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, NC
- Founding
- 08/2009
- Data as of
- 06/2022
- EIN
- 27-0423315
Organization Overview
Denver Lake Norman Rotary Club Foundation Inc is located in Denver, NC. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Lake Norman Rotary Club 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, Denver Lake Norman Rotary Club Foundation Inc generated $24.9k 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 (22.7%) each year. All expenses for the organization totaled $24.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WILL PROVIDE SERVICES TO BOTH INDIVIDUALS AND ORGANIZATIONS , THROUGH THE FOUNDATION'S SUPPORT OF THE PUBLIC PARK TO BE DEVELOPED AND MAINTAINED BY ORGANIZATIONS AND SUPPORT OF OTHER ORGANIZATIONS. THE ONLY FACILITY MANAGED DIRECTLY BY THE FOUNDATION WILL BE THE PUBLIC PARK, WHICH WILL BE OPEN TO ANYONE WHO CHOOSES TO TAKE ADVANTAGE OF IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PARK OPEN TO THE PUBLIC
SUPPORT OF OTHER 501(C)3 ORGANIZATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Beckley Sec/treasure | OfficerTrustee | $0 | |
Doug Core President | OfficerTrustee | $0 | |
Dean Black Board Member | Trustee | $0 | |
Denny Darr Board Member | Trustee | $0 | |
Bud Tshudin Board Member | Trustee | $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 | $24,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,833 |
| Total Program Service Revenue | $0 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,625 |
| 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 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 | $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 | $17,557 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,021 |
| 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 | $1,143,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,249,593 |
| 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 | $1,249,593 |
| 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 | $1,249,593 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Denver Lake Norman Rotary Club Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Hecht Foundation Inc Denver, NC PURPOSE: RESCUE PARK CONSTRUCTION PLEDGE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Mission Norfolk, VA | $19,076,349 | $10,467,458 |
Westside Future Fund Atlanta, GA | $55,374,938 | $4,466,187 |
Hartwood Foundation Inc Fairfax, VA | $10,472,777 | $9,719,871 |
Greensboro Urban Ministry Greensboro, NC | $9,704,023 | $8,817,068 |
P3 Foundation Inc Charlotte, NC | $75,107,588 | $5,131,940 |
Fulton-Atlanta Community Action Authority Inc Atlanta, GA | $1,160,189 | $9,503,293 |
Family Resource Agency Inc Cleveland, TN | $3,123,531 | $9,293,392 |
Franklin Vance Warren Opportunity Henderson, NC | $4,057,269 | $9,956,290 |
Olivet Medical Ministry Inc Yorktown, VA | $5,086,470 | $8,947,962 |
T3 Labs Atlanta, GA | $9,085,833 | $8,566,316 |
Housing Preservation Inc Memphis, TN | $40,176,409 | $5,595,751 |
Union County Community Action Inc Monroe, NC | $2,766,376 | $8,366,700 |