Muskegon Rotary Foundation
- Assets
- $632.8k
- Revenue
- -$17.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Muskegon, MI
- Founding
- 09/1957
- Data as of
- 06/2022
- EIN
- 38-1616283
Organization Overview
Muskegon Rotary Foundation is located in Muskegon, MI. The organization was established in 1957. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muskegon 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.
Since 2017, Muskegon Rotary Foundation has awarded 25 individual grants totaling $564,966. 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
BUSINESS AND PROFESSIONAL PERSONS UNITED IN THE IDEAL OF SERVICE TO THE COMMUNITY AND ITS CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARD GRANTS TO CHARITABLE AND COMMUNITY ORGANIZATIONS FOR THE BETTERMENT OF CITIZENS OF MUSKEGON COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ginny Sprague President-No | OfficerTrustee | 2 | $0 |
Jason Piasecki President | OfficerTrustee | 6 | $0 |
Kathy Betts Secretary | OfficerTrustee | 2 | $0 |
Timothy D Arter Treasurer | OfficerTrustee | 2 | $0 |
Jane Clingman-Scott President-El | OfficerTrustee | 2 | $0 |
Marty Gerencer Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,705 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,441 |
| Total Program Service Revenue | $0 |
| Investment income | -$75,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$411 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$17,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,585 |
| 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 | $3,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,819 |
| 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 | $0 |
| Total functional expenses | $97,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,869 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,861 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $449,022 |
| Total assets | $632,752 |
| Accounts payable and accrued expenses | $90,109 |
| Grants payable | $0 |
| Deferred revenue | $10,500 |
| 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 | $13,960 |
| Total liabilities | $114,569 |
| Net assets without donor restrictions | $518,183 |
| 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 | $632,752 |
Grants Awarded
Over the last fiscal year, Muskegon Rotary Foundation has awarded $68,290 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Muskegon, MI PURPOSE: GENERAL SUPPORT | $31,020 |
Muskegon, MI PURPOSE: GENERAL SUPPORT | $29,770 |
CITY OF MUSKEGON PURPOSE: TRAIL IMPROVEMENTS | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Muskegon Rotary Foundation has recieved totaling $26,894.
| Awarding Organization | Amount |
|---|---|
Muskegon County Community Foundation Muskegon, MI PURPOSE: SPONSORSHIP FOR THE 2021 SEAWAY RUN; COOPERATING CHURCHES MOBILE FOOD PANTRY; REIMBURSEMENT FOR REMAINING BALANCE OF HARMONY PARK FUND; SUPPORT FOR GRAPE ESCAPE | $26,894 |
Endowment Analysis
| Beg. Balance | $341,218 |
| Earnings | $23,906 |
| Admin Expense | $5,267 |
| Net Contributions | $72,030 |
| Grants | $15,000 |
| Ending Balance | $416,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Of Transylvania Saxons Of Us Cleveland, OH | $101,451,991 | $9,280,239 |
Health & Welfare Fund Of The Plumbers & Steamfitters Local Canfield, OH | $14,266,542 | $8,803,996 |
Roofers Union Local No 70 Insurance Fund Howell, MI | $7,053,846 | $5,313,300 |
American Mutual Life Association Cleveland, OH | $46,869,971 | $5,047,375 |
Fraternal Order Of Police Cincinnati, OH | $5,906,544 | $2,682,795 |
Indian Lake Lodge No 1533 Loyal Order Of Moose Lakeview, OH | $3,109,035 | $2,193,271 |
Ancient Accepted Scottish Rite Of Free Masonry Nmj Indianapolis, IN | $14,877,083 | $1,938,272 |
Roofers Union Local No 70 Vacation Benefit Trust Fund Howell, MI | $416,764 | $1,918,195 |
Ancient Accepted Scottish Rite Of Free Masonry Nmj Dayton, OH | $13,310,729 | $847,132 |
Czech Catholic Union Cleveland, OH | $19,801,301 | $1,631,690 |
Ancient Accepted Scottish Rite Of Free Masonry Nmj Cincinnati, OH | $19,014,527 | $1,883,601 |
International Masons Detroit, MI | $7,220,968 | $157,901 |