Cleveland Rotary Foundation
- Assets
- $3.0m
- Revenue
- $200.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Avon Lake, OH
- Founding
- 09/1941
- Data as of
- 06/2023
- EIN
- 34-6556119
Organization Overview
Cleveland Rotary Foundation is located in Avon Lake, OH. The organization was established in 1941. 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. Cleveland 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 06/2023, Cleveland Rotary Foundation generated $200.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $299.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cleveland Rotary Foundation has awarded 16 individual grants totaling $127,048. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING FUNDING TO FURTHER CHARITABLE AND EDUCATIONAL ACTIVITIES THROUGHOUT NORTHEAST OHIO
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLEVELAND ROTARY FOUNDATION IS COMMITTED TO PROVIDING FUNDING FOR VARIOUS CHARITABLE AND EDUCATIONAL ACTIVITIES THROUGHOUT THE NORTHEAST OHIO AREA. DURING THE FISCAL YEAR, ROTARIANS DONATED THEIR TIME TOWARDS CHARITABLE PROJECTS SUCH AS BLOOD DONATION EFFORTS, ASSISTANCE AT LOCAL FOOD BANK, SERVING MEALS TO NEEDY NORTHEAST OHIOANS, STUDENT RECOGNITIONS, HONORING POLICE/FIRE AND EMS WORKERS AND BEAUTIFYING GREEN SPACES NEAR RAPID TRANSIT LINES. THOUSANDS OF NORTHEAST OHIOANS HAVE BENEFITED FROM THESE EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Felgenhauer Vice President | OfficerTrustee | 1 | $0 |
Christine Wiskochil Trustee | Trustee | 1 | $0 |
Howard Lichtig Trustee | Trustee | 1 | $0 |
Dennis Mcandrew Trustee | Trustee | 1 | $0 |
Arthur P Ward President | OfficerTrustee | 1 | $0 |
William Garrison 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 | $101,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,755 |
| Total Program Service Revenue | $0 |
| Investment income | $66,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,983 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,217 |
| Grants and other assistance to domestic individuals. | $44,000 |
| 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 | $40,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,669 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,750 |
| Office expenses | $1,325 |
| 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 | $1,114 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $486 |
| Total functional expenses | $299,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,873 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $979 |
| 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 | $2,937,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,952,690 |
| Accounts payable and accrued expenses | $2,279 |
| 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 | $2,279 |
| Net assets without donor restrictions | $443,683 |
| Net assets with donor restrictions | $2,506,728 |
| 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 | $2,952,690 |
Grants Awarded
Over the last fiscal year, Cleveland Rotary Foundation has awarded $48,484 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY FOUNDATION OF ROTARY INTERNATIONAL PURPOSE: CHARITABLE SUPPORT | $25,050 |
ACHIEVEMENT CENTERS FOR CHILDREN PURPOSE: NEW ROOM EQUIPMENT | $5,404 |
COLLEGE NOW GREATER CLEVELAND INC PURPOSE: STUDENT SCHOLARSHIPS | $6,000 |
REACH SUCCESS INC PURPOSE: TUTORING PRORAM | $5,780 |
ROTARY DISTRICT 6630 PURPOSE: CHARITABLE SUPPORT | $6,250 |