Robert Radkte Memorial Fund Inc
- Assets
- $270.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Orleans, MA
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 27-0959532
Organization Overview
Robert Radkte Memorial Fund Inc is located in Orleans, MA. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert Radkte Memorial Fund 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 12/2022, Robert Radkte Memorial Fund Inc generated $10.1k 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 (25.4%) each year. All expenses for the organization totaled $14.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ROBERT RADTKE MEMORIAL SAILING FUND WAS ESTABLISHED IN MEMORY OF ROBERT RADTKE WHO WAS A VERY ACTIVE SAILING MEMBER OF THE ORLEANS YACHT CLUB INC. THE PURPOSE OF THIS FUND IS TO PROVIDE GRANTS TO CHILDREN IN NEED OF FINANCIAL ASSISTANCE TO ALLOW THEM TO PARTICIPATE IN THE ORLEANS YACHT CLUBS JUNIOR SAILING PROGRAM. UP TO 32 WEEKS OF SCHOLARSHIPS ARE AWARDED EACH YEAR TO ELIGIBLE NAUSET SCHOOL SYSTEM STUDENTS. RADTKE FUNDS MAY ALSO BE USED TO DEFRAY EXPENSES FOR STUDENTS PARTICIPATING IN REGIONAL, NATIONAL OR INTERNATIONAL CHAMPIONSHIP SAILING SERIES. APPLICATIONS FOR THESE SCHOLARSHIPS ARE DISTRIBUTED TO ALL SCHOOLS WITHIN THE SYSTEM EACH YEAR IN THE SPRING. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE NAUSET SCHOOL SYSTEM STUDENTS.(2020 CLOSED DUE TO COVID 19)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Kline President | 2 | $0 | |
Rick Knight Treasurer | 0.5 | $0 | |
Patricia Fitzerald Clerk | 0.5 | $0 | |
Joe Rinaldi Vice President | 0.5 | $0 | |
Pete Clark Director | 0.5 | $0 | |
Ted Johnson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,054 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,054 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,075 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,344 |
| Total expenses | $14,299 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $270,587 |
| Other assets | $0 |
| Total assets | $270,587 |
| Total liabilities | $0 |
| Net assets or fund balances | $270,587 |