Canfield Rotary Association
- Assets
- $180.9k
- Revenue
- $22.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Canfield, OH
- Founding
- 04/2011
- Data as of
- 12/2022
- EIN
- 27-3337111
Organization Overview
Canfield Rotary Association is located in Canfield, OH. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Canfield Rotary Association 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, Canfield Rotary Association generated $22.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $34.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 8 years. 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 OBJECTIVES OF THIS GROUP SHALL BE: TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES SERVED BY CANFIELD ROTARY CLUB, FOR THE BENEFIT OF THE INHABITANTS OF THE AREA. MOST SIGNIFICANTLY LOCATED IN THE CITY OF CANFIELD, OHIO AND CANFIELD TOWNSHIP, OHIO, BUT NOT LIMITED THEREIN. TO ENCOURAGE THE GOODWILL AND INVOLVEMENT OF THE WIDER COMMUNITY. TO FOSTER THE COMMUNITY SERVICE ACTIVITIES AND ENCOURAGE CIVIC PRIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS IN SUPPORT OF CHARITABLE AND SERVICE ORGANIZATIONS IN THE CANFIELD AND SURROUNDING AREAS. THE CANFIELD ROTARY ASSOCIATION SPONSORS THE ANNUAL LIGHTING OF THE GREEN IN THE CENTER OF CANFIELD, OH. THE EVENT FEATURES HORSE-DRAWN CARRIAGE RIDES, COOKIES, COCOA AND LIVE MUSIC AT PICCADILLY PARLOUR, PIZZA, COOKIES AND OTHER TREATS AT THE TOWNSHIP HALL, AND, OF COURSE, SANTA CLAUS. THE EVENT IS OPEN TO THE PUBLIC AND IS THE OFFICIAL NIGHT WHEN THE CHRISTMAS LIGHTS ARE LIT. THE CANFIELD ROTARY ASSOCIATION PARTNERS WITH OPERATION WARM WHOSE MISSION IS MOST EFFECTIVELY EXECUTED IN COLLABORATION WITH ORGANIZATIONS SERVING IMPOVERISHED CHILDREN AND THEIR FAMILIES. THE PROVISION OF BRAND NEW WINTER COATS AFFORDS UNPARALLELED OPPORTUNITY TO LEVERAGE CRITICAL OUTCOMES IMPORTANT TO TRANSITIONING FAMILIES TO FINANCIAL INDEPENDENCE. THROUGH COMMUNITY BASED PARTNERSHIPS OPERATION WARM PROVIDES FAMILIES WITH BRAND NEW WINTER COATS FOR THEIR CHILDREN THROUGHOUT THE US.
CONTRIBUTIONS IN SUPPORT OF CHARITABLE SERVICE ORGANIZATIONS IN THE CANFIELD AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Axelson Board Member | Trustee | 1 | $0 |
Sam Boak Board Member | Trustee | 1 | $0 |
Carol Bodine Board Member | Trustee | 1 | $0 |
Paula Campbell Board Member | Trustee | 1 | $0 |
Ted Gavozzi Board Member | Trustee | 1 | $0 |
Mike Raulin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $124,818 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,333 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$103,457 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,438 |
| 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 | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,526 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $34,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,909 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $180,909 |
| 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 | $180,909 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $180,909 |