Rotary Charities Of Traverse City
- Assets
- $48.2m
- Revenue
- $2.4m
- Investments
- $2.2m
- Employees
- 6
- Location
- Traverse City, MI
- Founding
- 06/1978
- Data as of
- 06/2024
- EIN
- 38-2170564
Organization Overview
Rotary Charities Of Traverse City is located in Traverse City, MI. The organization was established in 1978. 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. As of 06/2024, Rotary Charities Of Traverse City employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Charities Of Traverse City 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 06/2024, Rotary Charities Of Traverse City generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rotary Charities Of Traverse City has awarded 448 individual grants totaling $17,087,667. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES FUNDING, LEARNING, AND CONNECTIONS TO ADDRESS OUR REGION'S COMPLEX PROBLEMS AND CREATE COMMUNITY ASSETS FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
84 GRANTS PROVIDED TO 57 GOVERNMENTAL & NON-PROFIT ORGANIZATIONS AND 10 CAPACITY BUILDING OPPORTUNITIES TO 256 INDIVIDUALS IN CONNECTION WITH THE MISSION OF ROTARY TO PROVIDE CHARITABLE ASSISTANCE TO THE PEOPLE OF GRAND TRAVERSE, ANTRIM, BENZIE, KALKASKA AND LEELANAU COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Luyt Chair | OfficerTrustee | 1 | $0 |
Benjamin Marentette Treasurer/ Secretary | OfficerTrustee | 1 | $0 |
Marlene Bevan Trustee | Trustee | 1 | $0 |
John Hall Trustee | Trustee | 1 | $0 |
Allison Beers Trustee | Trustee | 1 | $0 |
Kelly Dunham Trustee | Trustee | 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 | $85,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,745 |
| Total Program Service Revenue | $55,009 |
| Investment income | $1,294,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $161,132 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $814,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,410,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,906,150 |
| 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. | $137,130 |
| Compensation of current officers, directors, key employees. | $32,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $420,928 |
| Pension plan accruals and contributions | $32,126 |
| Other employee benefits | $79,749 |
| Payroll taxes | $40,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,613 |
| Fees for services: Accounting | $22,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $198,150 |
| Fees for services: Other | $234,476 |
| Advertising and promotion | $17,106 |
| Office expenses | $15,341 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,232 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,230 |
| Interest | $865 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,926 |
| Insurance | $12,401 |
| All other expenses | $2,352 |
| Total functional expenses | $3,317,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,149 |
| 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 | $41,068 |
| Net Land, buildings, and equipment | $29,077 |
| Investments—publicly traded securities | $45,632,143 |
| Investments—other securities | $2,166,668 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,655 |
| Total assets | $48,203,748 |
| Accounts payable and accrued expenses | $24,756 |
| Grants payable | $0 |
| Deferred revenue | $88,435 |
| 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 | $164,676 |
| Total liabilities | $277,867 |
| Net assets without donor restrictions | $47,925,881 |
| 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 | $48,203,748 |
Grants Awarded
Over the last fiscal year, Rotary Charities Of Traverse City has awarded $1,866,933 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BENZIE CONSERVATION DISTRICT PURPOSE: SEED GRANT & LEARNING FUND | $11,280 |
BENZIE SENIOR RESOURCES PURPOSE: SEED GRANT | $10,000 |
BENZIE WELLNESS AND AQUATIC CENTER PURPOSE: SEED GRANT | $10,000 |
DISABILITY NETWORK NORTHERN MICHIGAN PURPOSE: ASSETS FOR THRIVING COMMUNITIES | $50,000 |
DISCOVERY CENTER & PIER PURPOSE: OTHER | $414,596 |
DOLLY PARTON IMAGINATION STATION PURPOSE: ASSETS FOR THRIVING COMMUNITIES | $25,000 |