Rotary Foundation Of Indianapolis Inc
- Assets
- $8.3m
- Revenue
- $215.5k
- Investments
- $5.6m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/1953
- Data as of
- 06/2023
- EIN
- 35-6043931
Organization Overview
Rotary Foundation Of Indianapolis Inc, operating under the name Indianapolis Rotary Foundation, is located in Indianapolis, IN. The organization was established in 1953. 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. Indianapolis 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, Indianapolis Rotary Foundation generated $215.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $404.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Indianapolis Rotary Foundation has awarded 54 individual grants totaling $1,530,611. 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
TO FURTHER THE PHILOSOPHY OF "SERVICE ABOVE SELF" BY MAKING CHARITABLE/EDUCATIONAL GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OF THE GRANTS AND CONTRIBUTIONS WERE TO OTHER IRC SECTION 501(C) (3) ORGANIZATIONS, WHICH USED THE FUNDS TO CARRY OUT THEIR PARTICULAR EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Johnson Director | Trustee | 2 | $0 |
Bill Bubenzer President | OfficerTrustee | 2 | $0 |
Matt Burnett Vice President | OfficerTrustee | 2 | $0 |
Matthew Will Treasurer | OfficerTrustee | 2 | $0 |
Kathy Cookerly Director | Trustee | 2 | $0 |
Pat Garten Director | Trustee | 2 | $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 | $22,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,548 |
| Total Program Service Revenue | $0 |
| Investment income | $104,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $287,975 |
| 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 | $62,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,588 |
| Fees for services: Other | $0 |
| 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 | $504 |
| Total functional expenses | $404,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,034 |
| 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 | $2,690,592 |
| Investments—other securities | $5,603,642 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,332,268 |
| 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 | $8,332,268 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,332,268 |
Grants Awarded
Over the last fiscal year, Rotary Foundation Of Indianapolis Inc has awarded $95,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FLETCHER PLACE COMMUNITY CENTER PURPOSE: FLETCHER PLACE'S MISSIONS IS COMPASSIONATELY PROVIDING PROGRAMS TO EASE THE BURDEN OF LOW TO MODERATE INCOME INDIVIDUALS WHO STRUGGLE WITH LIFE'S BASIC NEEDS. THE ORGANIZATION EXISTS TO BREAK THE CYCLE OF POVERTY THROUGH HOPE, COMPASSION, AND RENEWAL. | $10,000 |
PROVIDENCE CRISTO REY HIGH SCHOOL (PROVIDENCE CRISTO REY) PURPOSE: PROVIDENCE CRISTO REY' SMISSION IS TO OFFER A TRANSFORMATIONAL EDUCATIONAL EXPERIENCE TO STUDENTS WITH ECONOMIC NEED. PROVIDENCE CRISTO REY COMBINES A COLLEGE AND CAREER PREPARATORY CURRICULUM WITH REAL WORK EXPERIENCE IN A PROFESSIONAL SETTING FOR 210 STUDENTS IN GRADES 9 - 12. | $10,000 |
91 PLACE PURPOSE: 91 PLACE IS A TRANSITIONAL HOME FOR HOMELESS YOUTH WITH COMMUNITY, RELATIONSHIPS, AND A FAMILIAL ENVIRONMENT AT ITS CORE. THE ASSISTANCE PROVIDES THE BASIC NEEDS OF THE RESIDENTS, INCLUDING GROCERIES, TOILETRIES, UTILITIES, EDUCATIONAL SUPPORT, AND EMPLOYMENT ASSISTANCE. | $25,000 |
DOVE RECOVERY HOUSE FOR WOMEN PURPOSE: DOVE HOUSE OFFERS COMPREHENSIVE AND TRAUMA-INFORMED SUBSTANCE ABUSE TREATMENT SERVICES AND HOSING TO WOMEN AT NO COSTS. THE ASSISTNACE ENABLES DOVE HOUSE TO OBTAIN A LARGE VEHICLE THAT WOULD TRANSPORT WOMEN TO/FROM COMMUNITY SERVICES, SOBRIETY PROGRAMS, ACCESS HEALTH CARE/HOSPITALS, ATTEND COURT/CRIMINAL JUSTICE HEARINGS/MEETINGS. | $25,000 |
GRASSROOT PROJECTS PURPOSE: GRASSROOT PROJECTS MISSION IS CREATING AND SUPPORTING EQUITABLE COMMUNITIES FOR IMMIGRANT AND REFUGEE CHILDREEN BY REMOVING BARRIERS AND EMPOWERING KIDS TO REACH THEIR FULL POTENTIAL AS THEY ENJOY THEIR CHILDHOODS. THE ASSISTANCE FUNDED CUSTOMIZED CARE PACKAGES FOR IMMIGRANT AND REFUGEE CHILDREN AGES 0 TO 17. | $25,000 |