Ann Arbor Rotary Foundation
- Assets
- $2.7m
- Revenue
- $153.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 09/1959
- Data as of
- 06/2023
- EIN
- 38-6092093
Organization Overview
Ann Arbor Rotary Foundation is located in Ann Arbor, MI. The organization was established in 1959. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ann Arbor 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.
For the year ending 06/2023, Ann Arbor Rotary Foundation generated $153.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $180.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ann Arbor Rotary Foundation has awarded 30 individual grants totaling $1,317,603. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY TO 501(C)(3) ORGANIZATIONS FOR EDUCATIONAL AND CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Olsen Financial Ma | Officer | 24 | $15,410 |
Shari Faulhaber Exec Adminis | Officer | 18 | $5,700 |
Jennifer Fike Director | Trustee | 6 | $0 |
Mark Foster President El | OfficerTrustee | 12 | $0 |
Susan Froelich Immed Past P | OfficerTrustee | 6 | $0 |
Dawn Johnson Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $47,100 |
| Fundraising events | $43,480 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,718 |
| Total Program Service Revenue | $0 |
| Investment income | $61,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$62,426 |
| Net Income from Fundraising Events | $11,373 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,000 |
| Grants and other assistance to domestic individuals. | $3,492 |
| Grants and other assistance to Foreign Orgs/Individuals | $33,820 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,410 |
| Compensation of current officers, directors, key employees. | $15,410 |
| 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 | $5,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,820 |
| Fees for services: Other | $0 |
| Advertising and promotion | $574 |
| Office expenses | $2,960 |
| 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 | $5,848 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,101 |
| Total functional expenses | $180,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,527 |
| Savings and temporary cash investments | $67,965 |
| 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 | $2,378 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,579,019 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,738,889 |
| Accounts payable and accrued expenses | $13,168 |
| Grants payable | $3,100 |
| Deferred revenue | $26,881 |
| 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 | $20,640 |
| Total liabilities | $63,789 |
| Net assets without donor restrictions | $2,640,791 |
| Net assets with donor restrictions | $34,309 |
| 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 | $2,738,889 |
Grants Awarded
Over the last fiscal year, Ann Arbor Rotary Foundation has awarded $71,100 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
826MICHIGAN PURPOSE: IMPROVE WRITING SKIL | $5,600 |
ANN ARBOR SYMPHONY PURPOSE: KINDERCONCERT PROGRA | $5,600 |
CHILDREN'S LITERACY NETWORK PURPOSE: EXPAND BOOKPALS | $5,600 |
COMMUNITY ACTION NETWORK PURPOSE: VIRTUAL SUMMER PROGR | $5,600 |
FOOD GATHERERSOF WASHTENAW COUNTY PURPOSE: SUMMER FOOD SERVICE | $8,200 |
DETROIT ROTARY FOUNDATION | | | $12,500 |