Hendersonville Rotary Foundation is located in Hendersonville, TN. The organization was established in 2002. 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. Hendersonville Rotary Foundation 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, Hendersonville Rotary Foundation generated $58.4k 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 (11.7%) each year. All expenses for the organization totaled $75.0k 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
(1) ASSIST ECONOMICALLY DISADVANTAGED INDIVIDUALS WITH FUNDING AND VOLUNTEER-PROVIDED MEDICAL & DENTAL CARE, (2) FUND SCHOLARSHIPS TO LOCAL STUDENTS FOR POST-SECONDARY EDUCATION, (3) SUPPORT LOCAL UNDERPRIVILEGED ELEMENTARY SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE CONTRIBUTIONS PAID TO NONPROFIT ORGANIZATIONS
SCHOLARSHIPS TO LOCAL STUDENTS FOR POST-SECONDARY EDUCATION
MISSION TO GUATEMALA TO PROVIDE MEDICAL AND DENTAL ASSISTANCE
OTHER LOCAL COMMUNITY NEEDS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Taylor Hooks Board Member | Officer | $0 | |
Sandra Gaskins Board Member | Officer | $0 | |
Tracy Johanneson Board Member | Officer | $0 | |
Oliver Barry President El | Officer | $0 | |
David Moomy Board Member | Officer | $0 | |
Joey Montalbano Treasurer | Officer | $0 |
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 | $29,244 |
Noncash contributions included in lines 1a–1f | $7,388 |
Total Revenue from Contributions, Gifts, Grants & Similar | $29,244 |
Total Program Service Revenue | $0 |
Investment income | -$21,672 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $50,819 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $58,391 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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 | $0 |
Insurance | $0 |
All other expenses | $3,340 |
Total functional expenses | $75,023 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $84,748 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $19,850 |
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 | $173,796 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $278,394 |
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 | $278,394 |
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 | $278,394 |
Over the last fiscal year, we have identified 1 grants that Hendersonville Rotary Foundation has recieved totaling $1,500.
Awarding Organization | Amount |
---|---|
J C Garrett Iii Family Foundation Hendersonville, TN PURPOSE: SUPPORT COMMUNITY PROGRAMS | $1,500 |
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