Suburban Rotary Charitable Foundation
- Assets
- $2.1m
- Revenue
- $263.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 01/1988
- Data as of
- 06/2022
- EIN
- 36-3544327
Organization Overview
Suburban Rotary Charitable Foundation is located in Omaha, NE. The organization was established in 1988. According to its NTEE Classification (S82) the organization is classified as: Mens 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. Suburban Rotary Charitable 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, Suburban Rotary Charitable Foundation generated $263.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $102.6k 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 PROMOTE POST-SECONDARY EDUCATION FOR HANDICAPPED YOUNG MEN AND WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARHIPS FOR POST-SECONDARY EDUCATION OF YOUNG HANDICAPPED MEN & WOMEN. THIS PROGRAM HAS PROVIDED A SIGNIFICANT CONTRIBUTION TO THE LOCAL COMMUNITY BY FUNDING SCHOLARSHIP FOR HIGH SCHOOL SENIORS WITH PHYSICIAL DISABILITIES TO CONTINUE THEIR POST-HIGH SCHOOL EDUCATION.
OTHER PROGRAM SERVICES
ROTARY YOUTH LEADERSHIP AWARDS CAMP SCHOLARSHIP IS A PROGRAM IN WHICH RECIPIENTS SPEND A WEEK IN A PROGRAM OF DISCUSSION, INSPIRATIONAL ADDRESSES, LEADERSHIP TRAINING, AND SOCIAL ACTIVITIES DESIGNED TO ENHANCE PERSONAL DEVELOPMENT, LEADERSHIP SKILLS, AND GOOD CITIZENSHIP.
AS A MEANS TO BUILD UNDERSTANDING, THE YOUTH EXCHANGE PROGRAM IS A STUDY-ABROAD OPPORTUNITY FOR SECONDARY-SCHOOL STUDENTS WHO SPEND ANYWHERE FROM A FEW WEEKS TO A FULL YEAR AS AN INTERNATIONAL STUDENT HOSTED BY THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Laferla President | OfficerTrustee | 0.5 | $0 |
Nick Jasa Past President | OfficerTrustee | 0.5 | $0 |
Tom Kerfoot Past President | OfficerTrustee | 0.5 | $0 |
Mary Bernier Chair | OfficerTrustee | 0.5 | $0 |
John Binderup Treasurer | OfficerTrustee | 0.5 | $0 |
John Hoich Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,126 |
| Investment income | $37,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,514 |
| Net Income from Fundraising Events | $7,535 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $45,000 |
| 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 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 | $15,837 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,640 |
| 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 | $102,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,403 |
| Savings and temporary cash investments | $190,036 |
| 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 |
| Investments—publicly traded securities | $1,761,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$517 |
| Total assets | $2,059,686 |
| 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 | $17 |
| Total liabilities | $17 |
| Net assets without donor restrictions | $1,953,163 |
| Net assets with donor restrictions | $106,506 |
| 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 | $2,059,669 |
Grants Awarded
Over the last fiscal year, Suburban Rotary Charitable Foundation has awarded $16,489 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OUTREACH INC PURPOSE: TO ASSIST WITH A MEAL PACKING PROJECT TO PROVIDE MEALS TO SHELTERS AROUND THE CITY. | $6,489 |
HEALING KADI FOUNDATION PURPOSE: TO PROVIDE ASSISTANCE TO THE AREAS OF SOUTH SUDAN AND UGANDA. | $10,000 |