Ann Arbor Rotary Foundation
- Assets
- $2.5m
- Revenue
- $301.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 09/1959
- Data as of
- 06/2022
- 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 06/2022, Ann Arbor Rotary Foundation generated $301.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $221.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ann Arbor Rotary Foundation has awarded 24 individual grants totaling $732,103. 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
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 |
|---|---|---|---|
Lori Walters Executive Di | Officer | 24 | $25,587 |
Emily Olsen Financial Ma | Officer | 24 | $7,530 |
Susan Froelich President | OfficerTrustee | 12 | $0 |
Steve Pierce Treasurer | OfficerTrustee | 10 | $0 |
Mark C Ouimet President El | OfficerTrustee | 10 | $0 |
Joanne Pierson Immed Past P | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,737 |
| Fundraising events | $40,337 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,166 |
| Total Program Service Revenue | $0 |
| Investment income | $38,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,914 |
| Net Income from Fundraising Events | $14,679 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,700 |
| Grants and other assistance to domestic individuals. | $8,854 |
| Grants and other assistance to Foreign Orgs/Individuals | $70,879 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,117 |
| Compensation of current officers, directors, key employees. | $33,117 |
| 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 | $12,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,052 |
| Fees for services: Other | $0 |
| Advertising and promotion | $189 |
| Office expenses | $1,960 |
| 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 | $1,838 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $817 |
| Total functional expenses | $221,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,350 |
| Savings and temporary cash investments | $122,549 |
| 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 | $1,571 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,334,174 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,520,644 |
| Accounts payable and accrued expenses | $1,874 |
| Grants payable | $0 |
| Deferred revenue | $24,785 |
| 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 | $79,717 |
| Total liabilities | $106,376 |
| Net assets without donor restrictions | $2,378,568 |
| Net assets with donor restrictions | $35,700 |
| 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 | $2,520,644 |
Grants Awarded
Over the last fiscal year, Ann Arbor Rotary Foundation has awarded $71,100 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI | | $12,500 |
FOOD GATHERERSOF WASHTENAW COUNTY PURPOSE: SUMMER FOOD SERVICE | $8,200 |
Ann Arbor, MI PURPOSE: IMPROVE WRITING SKIL | $5,600 |
Ann Arbor, MI PURPOSE: VIRTUAL SUMMER PROGR | $5,600 |
ANN ARBOR SYMPHONY PURPOSE: KINDERCONCERT PROGRA | $5,600 |
CHILDREN'S LITERACY NETWORK PURPOSE: EXPAND BOOKPALS | $5,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ann Arbor Rotary Foundation has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Endowment Analysis
| Beg. Balance | $26,333 |
| Grants | $13,952 |
| Ending Balance | $12,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strada Education Network Inc Indianapolis, IN | $1,671,156,809 | $181,933,523 |
Cleveland Bakers Local No 19 Health And Welfare Fund Valley View, OH | $91,809,793 | $61,981,646 |
Hunger Task Force Inc Milwaukee, WI | $33,494,491 | $39,896,159 |
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 |