St Cloud Rotary Foundation Inc
- Assets
- $1.6m
- Revenue
- $278.0k
- Investments
- $0.0
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 03/1986
- Data as of
- 06/2022
- EIN
- 36-3396376
Organization Overview
St Cloud Rotary Foundation Inc is located in St Cloud, MN. The organization was established in 1986. 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. St Cloud Rotary Foundation Inc 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, St Cloud Rotary Foundation Inc generated $278.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $118.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, St Cloud Rotary Foundation Inc has awarded 18 individual grants totaling $608,513. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ADVANCE LOCAL COMMUNITY PROJECTS THROUGH SUPPORTING THE EFFORTS OF LOCAL CHARITIES CONDUCTING THOSE COMMUNITY SERVICE PROJECTS AND TO PROVIDE FUNDING FOR PARK DEVELOPMENT AND MAINTENANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO GREATER ST CLOUD PUBLIC SAFETY FOUNDATION TO FUND A NEW COP HOUSE IN WAITE PARK AND A GRANT FOR COMMUNITY POLICING @ THE COP HOUSE.
SCHOLORSHIPS AND PROGRAM SUPPORT FOR FIVE LOCAL HIGH SCHOOL STUDENTS AND OTHER PROGRAM SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renae Sternke President | OfficerTrustee | 2 | $0 |
Brad Hanson Secretary | OfficerTrustee | 1 | $0 |
Jerry Mccarter Treasurer | OfficerTrustee | 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 | $169,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,657 |
| Total Program Service Revenue | $0 |
| Investment income | $29,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,621 |
| Net Income from Fundraising Events | $26,851 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,177 |
| 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 | $1,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,664 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $324 |
| 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 | $114 |
| Total functional expenses | $118,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,341 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—program-related | $1,549,136 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,620,477 |
| 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 | $1,517,509 |
| Net assets with donor restrictions | $102,968 |
| 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 | $1,620,477 |
Grants Awarded
Over the last fiscal year, St Cloud Rotary Foundation Inc has awarded $93,226 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ST CLOUD AREA SCHOOL DISTRICT 742 PURPOSE: $10,000 FOR STUDENT SCHOLARSHIPS. | $10,000 |
GREATER ST CLOUD PUBLIC SAFETY FOUNDATION PURPOSE: CHARITABLE PURPOSES | $30,000 |
LUTHERAN SOCIAL SERVICES PURPOSE: CONNECT HOMELESS TEENS AND YOUNG ADULTS TO SOCIAL SERVICES, MEDICAL PROFESSIONALS, ETC. | $34,733 |
PRESCHOOL 4 SUCCESS PURPOSE: CHARITABLE PURPOSES | $9,700 |
DOMINICAN WATER PROJECT PURPOSE: RENOVATION OF ROTARY PARK WEST | $8,793 |