Rotary Club Of Ludington Charities
- Assets
- $44.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ludington, MI
- Founding
- 05/2011
- Data as of
- 06/2023
- EIN
- 27-4860991
Organization Overview
Rotary Club Of Ludington Charities is located in Ludington, MI. The organization was established in 2011. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Rotary Club Of Ludington Charities 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 06/2023, Rotary Club Of Ludington Charities generated $52.9k 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 (21.2%) each year. All expenses for the organization totaled $26.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (27.7%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EXEMPT PURPOSE IS TO RAISE FUNDS AND RECEIVE CONTRIBUTIONS TO BE ADMINISTERED AND EXPENDED FOR EDUCATIONAL AND OTHER CHARITABLE PURPOSES AS DESCRIBED IN IRC SECTION 501(C)(3).
Describe the Organization's Program Activity:
Part 3
PROJECT TO UPDATE AND IMPROVE ONE OF LUDINGTON'S PARKS NEAR LAKE MICHIGAN.
TO RAISE FUNDS TO SUPPORT A ROTARY INTERNATIONAL SPONSORED "STRIVE" PROGRAM FOR TROUBLED HIGH SCHOOL SENIORS IN THE LUDINGTON AREA SCHOOL DISTRICT. THE PROGRAM PROVIDES INDIVIDUAL MENTORS, INCENTIVES FOR GRADES AND ATTENDANCE IMPROVEMENT, AND SCHOLARSHIP AWARDS FOR POST SECONDARY EDUCATION OF QUALIFYING STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Horowski President | 2 | $0 | |
Aaron Myers Treasurer | 0.5 | $0 | |
John A Dahlberg Secretary | 0.5 | $0 | |
Julee Sarto President Elect | 0.25 | $0 | |
Chad Inabinet Past President | 0.25 | $0 | |
Nancy Fife Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,516 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $55 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $24,302 |
| Other Revenue | $0 |
| Total Revenue | $52,873 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,838 |
| Total expenses | $26,838 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,265 |
| Other assets | $0 |
| Total assets | $44,265 |
| Total liabilities | $790 |
| Net assets or fund balances | $43,475 |