Florence Rotary Club Foundation Inc is located in Verona, KY. The organization was established in 2010. 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. Florence 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 12/2019, Florence Rotary Club Foundation Inc generated $47.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $41.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 5 years. 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
2019
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE FOUNDATION IS TO PROVIDE EDUCATIONAL, CHARITABLE, BENEVOLENT AND CIVIC ACTIVITIES THROUGH THE PROVISION OF SCHOLARSHIPS TO RESIDENTS OF BOONE COUNTY, KENTUCKY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Barbara Rahn Board Member | 1 | $0 | |
Shawn Carroll Board Member | 1 | $0 | |
Dennis Mcevoy Board Member | 1 | $0 | |
Gary Griesser Board Member | 1 | $0 | |
Ed Monohan Board Member | 1 | $0 | |
Adam Howard Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $14,686 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $32,917 |
Other Revenue | $0 |
Total Revenue | $47,603 |
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 | $890 |
Occupancy, rent, utilities, and maintenance | $724 |
Printing, publications, postage, and shipping | $1,393 |
Other expenses | $340 |
Total expenses | $41,383 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $29,231 |
Other assets | $0 |
Total assets | $31,792 |
Total liabilities | $0 |
Net assets or fund balances | $31,792 |