Newark Rotary Club Foundation
- Assets
- $252.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, OH
- Founding
- 11/1989
- Data as of
- 06/2022
- EIN
- 31-1256961
Organization Overview
Newark Rotary Club Foundation is located in Newark, OH. The organization was established in 1989. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Rotary Club 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, Newark Rotary Club Foundation generated $84.4k 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 (8.7%) each year. All expenses for the organization totaled $42.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION DIRECTS ITS EMPHASIS AND ITS GIVING TO THE FOLLOWING THREE AREAS: EDUCATION AT ALL LEVELS, CHILDREN WITH SPECIAL NEEDS AND THE ADVANCEMENT AND PERPETUATION OF THE AMERICAN FREE ENTERPRISE SYSTEM BY FUNDING SCHOLARSHIP PROGRAMS, ORIGINATING AND SUPPORTING COMMUNITY PROJECTS SUCH AS THE ROTARY PAVILLION PARK AND THE ROTARY PLAYGROUND . THE PLAYGROUND IS USED BY ALL CHILDREN AND HAS BEEN DESIGNED TO ACCOMMODATE CHILDREN THAT MAY HAVE SPECIAL NEEDS. SPONSORING CAMP ENTERPRISE N/K/A "FREE ENTERPRISE ACADEMY" WHICH IS A FREE 3 DAY INTENSIVE PROGRAM OFFERED TO 50 HIGH SCHOOL SENIORS THAT EXPOSES THE STUDENTS TO THE CONCEPTS OF A FREE ENTERPRISE ECONOMIC SYSTEM IN ORDER TO INCREASE THEIR UNDERSTANDING OF REAL LIFE BUSINESS OBJECTIVES. THESE PROGRAMS EXPERIENCED A TEMPORARY DECREASE IN PARTICIPATION DUE TO COVID 19 RESTRICTIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Francis Treasurer | 2 | $0 | |
Molly Ingold Chair | 2 | $0 | |
Gary Baker Trustee | 1 | $0 | |
Jack Neely Vice Chair | 2 | $0 | |
Eriech Horvath Trustee | 1 | $0 | |
Barb Quackenbush Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,179 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,429 |
| 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 | $2,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,772 |
| Total expenses | $42,272 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $251,951 |
| Other assets | $0 |
| Total assets | $251,951 |
| Total liabilities | $0 |
| Net assets or fund balances | $251,951 |
Grants Awarded
Over the last fiscal year, Newark Rotary Club Foundation has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, OH PURPOSE: SCHOLARSHIP FUND | $10,000 |
Newark, OH PURPOSE: USE FOR VARIOUS ROTARIAN CAUSES | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newark Rotary Club Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Oneill Foundation Newark, OH PURPOSE: TO ENHANCE COMMUNITIES AND IMPROVING LIVES ACROSS THE WORLD | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Alliance Of The Far Eastside Inc Indianapolis, IN | $9,902,468 | $9,126,970 |
Free & Accepted Masons Of Michigan Alma, MI | $47,943,242 | $7,888,880 |
Catholic Social Services Of Washtenaw County Ann Arbor, MI | $4,777,711 | $6,106,159 |
Catholic Charities Regional Agency Youngstown, OH | $2,846,524 | $4,246,724 |
Rotary Charities Of Traverse City Traverse City, MI | $45,678,942 | $4,227,513 |
Boys & Girls Club Of Toledo Toledo, OH | $19,991,567 | $2,562,088 |
Benevolent & Protective Order Of Elks Of The Usa Hamilton, OH | $2,231,576 | $2,178,294 |
Traverseconnect Traverse City, MI | $2,790,788 | $2,568,804 |
Frances Bean Vair Testamentary Trust Pittsburgh, PA | $39,241,992 | $2,739,440 |
Women In Need Inc Chambersburg, PA | $4,631,933 | $2,325,039 |
Miami County Community Action Council Troy, OH | $618,575 | $1,923,003 |
Lexington Lodge No 2511 Loyal Order Of Moose Lexington, OH | $283,098 | $1,976,113 |