Rotary Charities Of Traverse City
- Assets
- $45.7m
- Revenue
- $4.2m
- Investments
- $1.8m
- Employees
- 9
- Location
- Traverse City, MI
- Founding
- 06/1978
- Data as of
- 06/2022
- 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 06/2022, Rotary Charities Of Traverse City employed 9 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 06/2022, Rotary Charities Of Traverse City generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 7 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 2015, Rotary Charities Of Traverse City has awarded 472 individual grants totaling $17,245,907. 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
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
83 GRANTS PROVIDED TO 60 GOVERNMENTAL & NON-PROFIT ORGANIZATIONS AND 9 CAPACITY BUILDING OPPORTUNITIES TO 196 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 |
|---|---|---|---|
Sakura Takano Executive Director | Officer | 36 | $110,710 |
Benjamin Marentette Treasurer/ Secretary | OfficerTrustee | 1 | $0 |
Greg Luyt Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Hickman Chair | OfficerTrustee | 1 | $0 |
John Hall Trustee | Trustee | 1 | $0 |
Trevor Tkach 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 | $31,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,377 |
| Total Program Service Revenue | $35,605 |
| Investment income | $1,056,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $352,280 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,751,413 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,227,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,226,523 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $22,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,182 |
| Pension plan accruals and contributions | $25,208 |
| Other employee benefits | $59,506 |
| Payroll taxes | $32,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $675 |
| Fees for services: Accounting | $20,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $198,910 |
| Fees for services: Other | $232,826 |
| Advertising and promotion | $28,635 |
| Office expenses | $34,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,039 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,431 |
| Interest | $7,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,665 |
| Insurance | $10,651 |
| All other expenses | $5,455 |
| Total functional expenses | $3,431,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,080 |
| 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 | $42,036 |
| Investments—publicly traded securities | $43,568,657 |
| Investments—other securities | $1,750,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,678,942 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $241,428 |
| Deferred revenue | $69,574 |
| 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 | $17,921 |
| Total liabilities | $328,923 |
| Net assets without donor restrictions | $45,350,019 |
| 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 | $45,678,942 |
Grants Awarded
Over the last fiscal year, Rotary Charities Of Traverse City has awarded $1,602,998 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
Traverse City, MI PURPOSE: OIL AND GAS ROYALTIES | $256,314 |
TRAVERSE CITY AREA PUBLIC SCHOOLS PURPOSE: SYSTEMS CHANGE ACCELERATOR / EMERGING NEEDS FUND | $195,000 |
Charlevoix, MI PURPOSE: EMERGING NEEDS FUND | $75,000 |
Traverse City, MI PURPOSE: SEED / CHANGEMAKER FELLOWSHIP / EMERGING NEEDS FUND / LEARNING FUND | $71,000 |
Traverse City, MI PURPOSE: EMERGING NEEDS FUND / LEARNING FUND | $62,000 |
Traverse City, MI PURPOSE: EMERGING NEEDS FUND | $60,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rotary Charities Of Traverse City has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Frey Foundation Grand Rapids, MI PURPOSE: LEADERSHIP LEARNING LAB | $75,000 |
Frey Foundation Grand Rapids, MI PURPOSE: LEADERSHIP LEARNING LAB | $50,000 |
Frey Foundation Grand Rapids, MI PURPOSE: LEADERSHIP LEARNING LAB | $25,000 |
Endowment Analysis
| Beg. Balance | $1,236,459 |
| Earnings | -$158,554 |
| Admin Expense | $5,426 |
| Ending Balance | $1,072,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kiwanis International Inc Indianapolis, IN | $39,067,168 | $19,372,757 |
Council On Rural Service Programs Inc Piqua, OH | $7,966,043 | $16,270,478 |
Black Family Development Inc Detroit, MI | $6,518,578 | $15,660,429 |
Options In Community Living Inc Madison, WI | $7,666,427 | $12,922,524 |
Community Alliance Of The Far Eastside Inc Indianapolis, IN | $9,902,468 | $9,126,970 |
Free & Accepted Masons Of Michigan Alma, MI | $47,943,242 | $7,888,880 |
Catholic Social Services Of Washtenaw County Ann Arbor, MI | $4,777,711 | $6,106,159 |
Zinzendorf Hall Inc Watertown, WI | $13,448,322 | $5,812,562 |
Catholic Charities Regional Agency Youngstown, OH | $2,846,524 | $4,246,724 |
Rotary Charities Of Traverse City Traverse City, MI | $45,678,942 | $4,227,513 |
Neighbors Place Inc Wausau, WI | $2,102,343 | $3,291,740 |
Boys & Girls Club Of Toledo Toledo, OH | $19,991,567 | $2,562,088 |