Rotary Club Of Schaumburg-Hoffman Estates Charitable Foundation Inc

Organization Overview

Rotary Club Of Schaumburg-Hoffman Estates Charitable Foundation Inc is located in Hoffman Estates, IL. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Schaumburg-Hoffman Estates Charitable 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, Rotary Club Of Schaumburg-Hoffman Estates Charitable Foundation Inc generated $259.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $231.4k during the year ending 06/2022. While expenses have increased by 14.3% per year over the past 6 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.

Since 2021, Rotary Club Of Schaumburg-Hoffman Estates Charitable Foundation Inc has awarded 23 individual grants totaling $292,242. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

DONATIONS TO CHARITABLE ORGANIZATIONS AND TO VOCATIONAL AND FOUR YEAR COLLEGE STUDENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY SERVICE


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Board, Officers & Key Employees

Name (title)Compensation
Glenn Szurgot
President
$0
Gary Anderson
Tresurer
$0
Ed Haag
Vice President
$0
Ted Gross
Secretary
$0
Wesley Crocket
Director
$0
James Fabbrini
Director
$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$52,750
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$52,750
Total Program Service Revenue$0
Investment income $21,284
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $185,157
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $259,191

Grants Awarded

Over the last fiscal year, Rotary Club Of Schaumburg-Hoffman Estates Charitable Foundation Inc has awarded $166,242 in support to 12 organizations.

Grant RecipientAmount

Palatine, IL

PURPOSE: SCHOLARSHIPS

$65,242

ELGIN COMMUNITY COLLEGE

Org PageRecipient Profile

Elgin, IL

PURPOSE: SCHOLARSHIPS

$50,000

Evanston, IL

PURPOSE: POLIO

$6,000

JOURNEY ROAD HOME

Org PageRecipient Profile

Palatine, IL

PURPOSE: COMM SERVICE

$5,000

TOWNSHIP DIST 211

Org PageRecipient Profile

Palatine, IL

PURPOSE: COMM SERVICE

$5,000

Wood Dale, IL

PURPOSE: COMM SERVICE

$5,000
View Grant Profile

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