Detroit Rotary Foundation
- Assets
- $843.5k
- Revenue
- $175.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 06/1950
- Data as of
- 06/2021
- EIN
- 38-6150149
Organization Overview
Detroit Rotary Foundation is located in Detroit, MI. The organization was established in 1950. 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. Detroit 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 06/2021, Detroit Rotary Foundation generated $175.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $120.3k during the year ending 06/2021. While expenses have increased by 12.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AND FUND YOUTH, COMMUNITY AND INTERNATIONAL SERVICE PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SERVICE - YOUTH CITIZEN PROGRAM, MICHIGAN YOUTH IN GOV'T, ROTARY YOUTH LEADERSHIP PROGRAM
COMMUNITY SERVICE - LITERACY, OTHER LOCAL SUPPORT
INTERNATIONAL SERVICE-THE ROTARY FOUNDATION AND OTHER INTERNATIONAL SUPPORT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ferris Vice Preside | OfficerTrustee | $0 | |
Phil Buck President | OfficerTrustee | $0 | |
Liz Smith Past Treasur | OfficerTrustee | $0 | |
Al Timm Secretary | OfficerTrustee | $0 | |
H Russell Ives Treasurer 20 | Officer | $0 | |
Steve Durant Director | Trustee | $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 | $24,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,450 |
| Total Program Service Revenue | $203 |
| Investment income | $151,199 |
| 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 | $175,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,455 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $42,800 |
| 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 | $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 | $64 |
| Total functional expenses | $120,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,920 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $806,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $843,533 |
| 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 | $843,533 |
| 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 | $843,533 |
Grants Awarded
Over the last fiscal year, Detroit Rotary Foundation has awarded $22,412 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT HIGH SCHOOL SERVICE LEARNIN | | | $9,112 |
PEACE IN THE STREET | | | $7,500 |
LITERACY INITIATIVE | | | $5,800 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Detroit Rotary Foundation has recieved totaling $12,505.
| Awarding Organization | Amount |
|---|---|
Ann Arbor Rotary Foundation Ann Arbor, MI | | $12,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottish Rite Of Indianapolis Foundation Inc Indianapolis, IN | $0 | $534,028 |
Wisconsin Lions Foundation Inc Rosholt, WI | $5,796,659 | $2,674,494 |
Grand Lodge Free And Accepted Masons Of Wisconsin Dousman, WI | $20,615,533 | $1,512,564 |
Old Newsboys Goodfellow Fund Of Detroit Detroit, MI | $8,440,677 | $1,875,138 |
Benevolent & Protective Order Of Elks Of The Usa Grand Blanc, MI | $2,262,530 | $1,314,345 |
Kiwanis Club Of Ann Arbor Ann Arbor, MI | $4,286,602 | $1,395,176 |
Free & Accepted Masons Of Wisconsin Dousman, WI | $19,517,014 | $1,769,525 |
Ann Arbor Womens City Club Ann Arbor, MI | $2,025,989 | $867,391 |
Rotary Foundation Of Cincinnati Cincinnati, OH | $8,066,973 | $724,051 |
Benevolent & Protective Order Of Elks Of The Usa Milwaukee, WI | $891,249 | $448,416 |
Knights Of Columbus Lorain Columbian Club Lorain, OH | $184,826 | $389,207 |
Youngstown Rotary Foundation Inc Columbus, OH | $1,166,298 | $209,731 |