Lima Rotary Foundation
- Assets
- $702.7k
- Revenue
- $292.7k
- Investments
- $609.8k
- Employees
- 0
- Location
- Lima, OH
- Founding
- 06/1967
- Data as of
- 06/2022
- EIN
- 34-6573296
Organization Overview
Lima Rotary Foundation is located in Lima, OH. The organization was established in 1967. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lima 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, Lima Rotary Foundation generated $292.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $979.2k 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
TO MAKE CASH GRANTS FOR EDUCATIONAL, CHARITABLE, AND BENEVOLENT PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO SERVICES ARE PROVIDED. THE LIMA ROTARY FOUNDATION MAKES CASH GRANTS FOR EDUCATIONA, CHARITABLE, AND BENEVOLENT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared T Walsh Treasurer | Trustee | 3 | $563 |
Scott Cockerell Secretary | Trustee | 2 | $562 |
Lesley Fry Ex-Officio | OfficerTrustee | 1 | $0 |
Demi Burden Trustee | Trustee | 1 | $0 |
Abe Ambroza Trustee | Trustee | 1 | $0 |
Jennifer Mason Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,760 |
| Total Program Service Revenue | $0 |
| Investment income | $10,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,040 |
| Net Income from Fundraising Events | $67,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $935,070 |
| Grants and other assistance to domestic individuals. | $36,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,125 |
| Compensation of current officers, directors, key employees. | $1,125 |
| 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 | $3,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,200 |
| 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 | $38 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,099 |
| All other expenses | $0 |
| Total functional expenses | $979,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,776 |
| Savings and temporary cash investments | $74 |
| Pledges and grants receivable | $0 |
| 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 | $609,837 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $702,687 |
| 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 | $0 |
| 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 | $702,687 |
| Total liabilities and net assets/fund balances | $702,687 |
Grants Awarded
Over the last fiscal year, Lima Rotary Foundation has awarded $17,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MESA | | | $10,000 |
MARIMOR LEGACY FOUNDATION | | | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lima Rotary Foundation has recieved totaling $24,900.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isda Fraternal Association Pittsburgh, PA | $277,868,163 | $84,487,540 |
William Penn Association Pittsburgh, PA | $564,136,496 | $86,255,147 |
Everence Association Inc Goshen, IN | $407,395,698 | $69,175,767 |
Police And Firemens Insurance Association Carmel, IN | $255,522,812 | $49,657,782 |
Loyal Christian Benefit Association Erie, PA | $108,287,356 | $23,099,109 |
Womans Life Insurance Society Port Huron, MI | $202,469,549 | $20,989,003 |
United Transportation Union Insurance Association Independence, OH | $229,446,528 | $20,187,973 |
Ladies Of Co Inc Catholic Gahanna, OH | $138,820,359 | $17,769,502 |
Order Of United Commercial Travelers Of America Columbus, OH | $13,051,068 | $16,246,455 |
Slovene National Benefit Society Imperial, PA | $127,585,848 | $17,289,930 |
Alliance Of Transylvania Saxons Of Us Cleveland, OH | $101,451,991 | $9,280,239 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |