Plymouth Rotary Foundation Inc
- Assets
- $1.8m
- Revenue
- $117.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MI
- Founding
- 12/1965
- Data as of
- 06/2024
- EIN
- 38-6107391
Organization Overview
Plymouth Rotary Foundation Inc is located in Plymouth, MI. The organization was established in 1965. According to its NTEE Classification (S82) the organization is classified as: Mens 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. Plymouth Rotary 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 06/2024, Plymouth Rotary Foundation Inc generated $117.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $165.3k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Plymouth Rotary Foundation Inc has awarded 32 individual grants totaling $443,933. 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
TO SUPPORT THE MISSON OF THE ROTARY CLUB OF PLYMOUTH AND THE RELATED CLUB COMMITTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DONATIONS FOR AND TO OTHER CHARITABLE, COMMUNITY ORGANIZATIONS, AND LOCAL PROJECTS.
PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Buzuvis President | OfficerTrustee | 2 | $0 |
Warren Musson President | OfficerTrustee | 2 | $0 |
Edwin Schulz Vice Preside | OfficerTrustee | 2 | $0 |
Tim Joy Treasurer | OfficerTrustee | 2 | $0 |
Bruce Baxter Secretary | OfficerTrustee | 2 | $0 |
Herman Theeke Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,039 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,600 |
| Total Program Service Revenue | $0 |
| Investment income | $49,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,922 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $127,434 |
| Grants and other assistance to domestic individuals. | $34,000 |
| 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 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 | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $632 |
| Advertising and promotion | $0 |
| Office expenses | $980 |
| 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 | $500 |
| All other expenses | $0 |
| Total functional expenses | $165,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,927 |
| Savings and temporary cash investments | $587 |
| 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 | $600 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,751,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,761,034 |
| 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 | $56,800 |
| Total liabilities | $56,800 |
| Net assets without donor restrictions | $1,704,234 |
| 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 | $1,761,034 |
Grants Awarded
Over the last fiscal year, Plymouth Rotary Foundation Inc has awarded $118,900 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS | | | $30,524 |
ENVIRONMENTAL COMMITTEE | | | $5,814 |
COMMUNITY SERVICE COMMITTEE | | | $49,672 |
WORLD COMMUNITY SERVICE | | | $26,044 |
YOUTH EXCHANGE | | | $6,846 |