Rotary Club Of Windermere Foundation Inc
- Assets
- $230.0k
- Revenue
- $230.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Windermere, FL
- Founding
- 11/2014
- Data as of
- 06/2022
- EIN
- 38-3920890
Organization Overview
Rotary Club Of Windermere Foundation Inc is located in Windermere, FL. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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 Windermere 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 Windermere Foundation Inc generated $230.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 58.9% each year . All expenses for the organization totaled $44.0k 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
THE WINDERMERE ROTARY CLUB IS PART OF AN INTERNATIONAL CLUB THAT WORKS TO IMPROVE THE HEALTH AND EDUCATION OF PEOPLE WORLD WIDE. IT'S MOST IMPORTANT WORLD MISSION IS THE ERADICATION OF POLIO WORLDWIDE. OUR LOCAL CLUB CONDUCTS MONEY MAKING PROJECTS AND SOLICITS FUNDS FROM HOSPITALS. THESE FUNDS ARE USED TO HELP YOUTH IN THE COMMUNITY WITH SCHOLARSHIPS, SUPPORTING THE POOR FAMILIES, ELDERS AND BUILDING LEADERSHIP SKILLS BY YOUNG PEOPLE. WE ALSO SUPPORT VETERANS WITH RECOGNITION, HELPING FIND HOMES AND JOBS. WE ALSO SUPPORT A CHILDREN'S HOME IN BRAZIL AND SURGICAL CENTER IN HAITI. FINALLY WE ARE BUILDING A PAVILION IN THE WINDERMERE CENTER TOWN FOR ORGANIZATIONS AND OTHERS TO USE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SERVICES: PROVIDE ESSAY WRITING CONTEST IN GRADE SCHOOLS. COLLEGE SCHOLARSHIPS FO HIGH SCHOOL SENIORS. RYLA LEADERSHIP CONFERENCE ATTENDANCE FOR HIGH SCHOOL CLUB LEADERS. SPONSOR RYLA CLUBS AT TWO AREA HIGH SCHOOLS GO PROMOTE LEADERSHIP AND COMMUNITY INVOLVEMENT.
THE ROTARY CLUB STARTED A PROJECT TO DESIGN AND BUILD A PAVILION FOR THE CENTER OF WINDERMERE. PLANS WERE CREATED, APPROVED BY THE CITY AND FUNDS OBTAINED FROM A LOCAL HOSPITAL (ORLANDO HEALTH). INITIAL FUNDING OF $200,000 WAS COLLECTED, A BUILDER SELECTED AND AWARDED THE JOB. FIRST GROUND BREAKING IS ANTICIPATED IN LATE 2022. ONCE THE PAVILION IS COMPLETED, THE KEYS WILL BE GIVEN TO THE TOWN AND IT CAN BE USED BY THE CITY FOR VARIOUS ENTERTAINMENT VENUES AS WELL AS ROTARY PROJECTS. ONLY $16,150 WAS SPENT IN THIS TAX YEAR, BALANCE IS IN OUR BANK ACCOUNT FOR ADDITIONAL REQUIRED FUNDING AS CONSTRUCTION STARTS.
INTERNATIONAL FUNDING FOR PROJECTS SUPPORTING THE HEALTH OF THE YOUTH. ONE PROJECT WAS IMPROVING THE FACILITY WHERE YOUNG CHILDREN LIVE IN BRAZIL. FUNDS OF $3,000 WERE GIVEN TO ALLOW THEM TO BUY A WASHING MACHINE AND OTHER FURNITURE. ANOTHER PROJECT WAS SUPPORTING THE EDUCATION OF A SURGEON IN HAITI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Barcus Secretary | Trustee | 4 | $0 |
Frank Krens President | Officer | 15 | $0 |
Karen Hairston Past President | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,118 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $230,118 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| 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 | $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 | $44,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,997 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $229,997 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $229,997 |
| 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 |
| Total liabilities and net assets/fund balances | $229,997 |