Rotary Club Of Lake Minnetonka - Excelsior is located in Excelsior, MN. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Rotary Club Of Lake Minnetonka - Excelsior employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Lake Minnetonka - Excelsior 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 06/2020, Rotary Club Of Lake Minnetonka - Excelsior generated $294.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $320.4k during the year ending 06/2020. While expenses have increased by 24.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ROTARY IS A WORLDWIDE ORGANIZATION OF BUSINESS AND PROFESSIONAL LEADERS THAT PROVIDE HUMANITARIAN SERVICE PROMOTING HIGH ETHICAL STANDARDS IN ALL VOCATIONS. OUR MISSION OF "SERVICE BEFORE SELF" AIMS TO BUILD GOODWILL AND PEACE IN THE WORLD. THE EXCELSIOR MORNING ROTARY CLUB WAS FOUNDED IN 1996 AND CURRENTLY BOASTS A MEMBERSHIP OF MORE THAN 70. OUR CLUB IS OPEN TO MEN AND WOMEN WHO EITHER DO BUSINESS OR RESIDE IN THE EXCELSIOR/MINNETONKA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOME OF THE PROJECTS AND EVENTS OUR ROTARY CLUB HAS WORKED ON AND SUPPORTED INCLUDE: INTERNATIONAL WORK: OUR ROTARY CLUB HAS PROVIDED GRANTS TO: CREATE AN EARLY CHILDHOOD EDUCATION PROGRAM IN GHANA, DEVELOP A SEWING CENTER FOR WOMEN ENTREPRENEURS IN GUATEMALA, BUILD DEEP WELLS IN RURAL BOLIVIA, PROVIDE MICRO LOANS FOR WOMEN GINGER FARMERS IN TANZANIA, DEVELOP A YOUTH SPORTS CENTER IN NICARAGUA, PROVIDE SCHOLARSHIPS FOR CHILDREN IN GUATEMALA, AND CONTRIBUTE TO SHELTERBOX'S MISSION TO PROVIDE EMERGENCY SHELTER TO DISPLACED FAMILIES AROUND THE GLOBE. ADDITIONALLY, EACH YEAR WE PARTICIPATE IN ROTARY INTERNATIONAL'S CAMPAIGN TO ERADICATE POLIO WORLDWIDE. LOCAL PROGRAMS: SIGNIFICANT GRANTS ARE GIVEN ANNUALLY TO CAUSES SUCH AS THE ICA FOOD SHELF, WECAN, LOAVES AND FISHES, ONWARD EDEN PRAIRIE, TREE HOUSE, HOPE HOUSE, IMHOTEP CENTER FOR SCIENCE EDUCATION, 180 DEGREES, LIVIN FOUNDATION AND TO OUTSTANDING TEACHERS IN OUR SCHOOLS. WE ARE ALSO A KEY SUPPORTER OF THE COMMUNITY FOR THE COMMONS IN THEIR WORK TO RE-VITALIZE THE COMMUNITY AREAS AROUND THE LAKE IN EXCELSIOR. WE ALSO SUPPORT YOUTH IN TWO WAYS. FIRST, WE SPONSOR AN INTERACT CLUB (HIGH SCHOOL ROTARY GROUP) AT MINNETONKA HIGH SCHOOL. THIS INTERACT CLUB DOES THEIR OWN FUND RAISING AND SUPPORTS LOCAL AND INTERNATIONAL PROJECTS WITH TIME AND/OR DONATIONS. SECOND, WE ALSO SPONSOR TWO HIGH SCHOOL EXCHANGE STUDENTS PER YEAR. ONE OUTBOUND FROM MINNETONKA AND ONE INBOUND. WE ARE PROUD TO SPONSOR THESE TWO GROUPS OF FUTURE LEADERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jake Sturgis President | Officer | 10 | $0 |
Pam Langseth President El | Officer | 10 | $0 |
Kathleen Mallery Treasurer | Officer | 10 | $0 |
Tammy Magney Secretary | Officer | 5 | $0 |
Maggie Trenary Club Admin | Trustee | 5 | $0 |
Meg Low Internationa | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $64,745 |
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 | -$30,609 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $294,764 |
Statement of Expenses | |
---|---|
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 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 | $320,375 |
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 | $0 |
Total functional expenses | $320,375 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $78,901 |
Savings and temporary cash investments | $20,109 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $9,164 |
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 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,000 |
Total assets | $113,174 |
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 | $20,519 |
Total liabilities | $20,519 |
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 |
Total liabilities and net assets/fund balances | $92,655 |
Over the last fiscal year, Rotary Club Of Lake Minnetonka - Excelsior has awarded $41,628 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
EXCELSIOR ROTARY CLUB PURPOSE: SPLIT 50% OF EVENT | $19,578 |
Buffalo, MN PURPOSE: WOMEN'S EMPLOYMENT | $15,000 |
Excelsior, MN PURPOSE: HOPE HOUSE | $7,050 |
Over the last fiscal year, we have identified 1 grants that Rotary Club Of Lake Minnetonka - Excelsior has recieved totaling $22.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Organization Name | Assets | Revenue |
---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |