Toledo Rotary Club Foundation
- Assets
- $854.1k
- Revenue
- $129.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Toledo, OH
- Founding
- 12/2000
- Data as of
- 06/2021
- EIN
- 34-1934738
Organization Overview
Toledo Rotary Club Foundation is located in Toledo, OH. The organization was established in 2000. 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. As of 06/2021, Toledo Rotary Club Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo 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 06/2021, Toledo Rotary Club Foundation generated $129.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $134.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (21.9%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE DELIVERY OF HEALTH, SOCIAL & EDUCATIONAL SERVICES FOR YOUTH, THE ELDERLY, THE DISABLED & OTHER DISADVANTAGED CITIZENS RESIDING IN LUCAS COUNTY, OHIO AND THROUGHOUT THE WORLD; TO PROMOTE SOCIAL & ECONOMIC DEVELOPMENT, PEACE & UNDERSTANDING THROUGHOUT THE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING REQUESTS RECEIVED BY 501(C)(3) ORGANIZATIONS ARE REVIEWED, VETTED AND RECOMMENDATIONS MADE THROUGH THE FOLLOWING SERVICE COMMITTEES OF THE FOUNDATION: COMMUNITY SERVICE, DISABILITY, INTERNATIONAL, PEACE, VOCATIONAL, WATER AND YOUTH. GRANTS MAY BE FUNDED THROUGH ANY OF THESE RECOMMENDATIONS FOLLOWING APPROVAL BY THE CLUB BOARD OF DIRECTORS AND FOUNDATION TRUSTEES.
FUNDING REQUESTS RECEIVED BY 501(C)(3) ORGANIZATIONS ARE REVIEWED, VETTED AND RECOMMENDATIONS MADE THROUGH THE FOLLOWING SERVICE COMMITTEES OF THE FOUNDATION: COMMUNITY SERVICE, DISABILITY, INTERNATIONAL, PEACE, VOCATIONAL, WATER AND YOUTH. GRANTS MAY BE FUNDED THROUGH ANY OF THESE RECOMMENDATIONS FOLLOWING APPROVAL BY THE CLUB BOARD OF DIRECTORS AND FOUNDATION TRUSTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Mcintyre Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Brian Kennedy Vice Chair | OfficerTrustee | 1 | $0 |
Mary Mancini Chair | OfficerTrustee | 1 | $0 |
Dean Niese Trustee | Trustee | 1 | $0 |
James Layman Trustee | Trustee | 1 | $0 |
Joseph Tafelski Trustee | Trustee | 1 | $0 |
Financial Statements
| 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 | $129,466 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,466 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $129,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,263 |
| 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 | $1,713 |
| 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 | $1,553 |
| 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 | $134,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,164 |
| Pledges and grants receivable | $10,000 |
| 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 | $824,930 |
| Total assets | $854,094 |
| Accounts payable and accrued expenses | $3,368 |
| 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 | $3,368 |
| Net assets without donor restrictions | $15,796 |
| Net assets with donor restrictions | $834,930 |
| 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 | $854,094 |
Grants Awarded
Over the last fiscal year, Toledo Rotary Club Foundation has awarded $124,060 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EAST TOLEDO FAMILY CENTER PURPOSE: EARLY CHILD DEVELOPMENT | $18,060 |
GRACE COMMUNITY CENTER PURPOSE: COMMUNITY SERVICE | $10,000 |
A RENEWED MIND PURPOSE: COMMUNITY SERVICE | $10,000 |
MAREDA CENTER PURPOSE: YOUTH SERVICES | $10,000 |
KIDS UNLIMITED PURPOSE: YOUTH SERVICE | $10,000 |
ADAMS HOUSE PURPOSE: COMMUNITY SERVICE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Toledo Rotary Club Foundation has recieved totaling $58,986.
| Awarding Organization | Amount |
|---|---|
Toledo Community Foundation Toledo, OH PURPOSE: HONDURAS INTERNATIONAL TRANSFORMATIONAL PROJECT | $23,590 |
George W & Mary F Ritter Charitable Tr Brooklyn, OH PURPOSE: GENERAL OPERATING | $23,083 |
Walter H Christen Charitable Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $12,039 |
George Isaac Foundation Toledo, OH PURPOSE: GENERAL SUPPORT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |