Janesville Rotary Foundation
- Assets
- $1.1m
- Revenue
- $119.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Janesville, WI
- Founding
- 02/1945
- Data as of
- 06/2022
- EIN
- 39-1092586
Organization Overview
Janesville Rotary Foundation is located in Janesville, WI. The organization was established in 1945. 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. Janesville 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, Janesville Rotary Foundation generated $119.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $68.9k 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
TO ENABLE ROTARIANS TO ADVANCE WORLD UNDERSTANDING, GOODWILL, AND PEACE THROUGH THE IMPROVEMENT OF HEALTH, THE SUPPORT OF EDUCATION, AND THE ALLEVIATION OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICES: THE FOUNDATION PROVIDES SCHOLARSHIPS TO LOCAL STUDENTS, PROVIDES FUNDING FOR YOUTH EDUCATION AND TRAINING, AND PROVIDES START-UP FUNDING FOR LOCAL CHARITABLE PROGRAMS.
VOCATIONAL SERVICE: THE FOUNDATION HONORS HIGH SCHOOL STUDENTS, WHO DEMONSTRATE HIGH ACADEMIC ACHIEVEMENT, BY INVITING THEM TO SHARE LUNCH WITH THE CLUB.
INTERNATIONAL SERVICES: THE FOUNDATION PARTICIPATES IN ROTARY INTERNATIONAL'S YOUTH EXCHANGE PROGRAM. THE FOUNDATION SUPPORTS TWO FOREIGN EXCHANGE STUDENTS THAT LIVE IN THE JANESVILLE COMMUNITY FOR ONE YEAR. THE FOUNDATION ALSO RECRUITS SEVERAL LOCAL HIGH SCHOOL STUDENTS TO PARTICIPATE IN THE PROGRAM AND STUDY ABROAD FOR ONE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Morris Fdn Treasurer | OfficerTrustee | 8 | $2,000 |
Lynn Wood President | OfficerTrustee | 3 | $0 |
Lynn Galbraith-Wilson Secretary | OfficerTrustee | 3 | $0 |
Derek Wickhem President Elect | OfficerTrustee | 3 | $0 |
Lisa Dahlgren Treasurer Elect | OfficerTrustee | 0 | $0 |
Gary Bersell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,934 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,436 |
| Total Program Service Revenue | $0 |
| Investment income | $30,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,261 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,031 |
| Grants and other assistance to domestic individuals. | $2,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,000 |
| Compensation of current officers, directors, key employees. | $2,000 |
| 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 | $655 |
| 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 | $256 |
| All other expenses | $0 |
| Total functional expenses | $68,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $112,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $1,008,935 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,122,019 |
| Accounts payable and accrued expenses | $298 |
| Grants payable | $11,250 |
| Deferred revenue | $15,007 |
| 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 | $26,555 |
| Net assets without donor restrictions | $781,443 |
| Net assets with donor restrictions | $314,021 |
| 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 | $1,122,019 |
Grants Awarded
Over the last fiscal year, Janesville Rotary Foundation has awarded $43,759 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Golden Valley, MN PURPOSE: PROVIDE FUNDS FOR DRILLING A WELL | $20,971 |
Janesville, WI PURPOSE: SUPPORT THE GARDEN'S EXPENSES | $14,000 |
Janesville, WI PURPOSE: PLEDGE FOR LIGHTING PROJECT | $8,788 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Janesville Rotary Foundation has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $314,021 |
| Earnings | -$45,525 |
| Net Contributions | $9,955 |
| Other Expense | $9,460 |
| Ending Balance | $268,991 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Project Of The Quad Cities Moline, IL | $3,042,917 | $9,742,206 |
Access North Center For Independent Living Of Northeastern Minnesota Hibbing, MN | $4,421,937 | $7,763,537 |
Industrial Council Of Nearwest Chicago Chicago, IL | $18,846,941 | $7,031,368 |
Community Action Partnership Of Hennepin County St Louis Park, MN | $782,204 | $7,196,325 |
Headwaters Foundation For Justice Minneapolis, MN | $27,986,426 | $15,004,954 |
Species360 Minneapolis, MN | $9,065,398 | $6,225,506 |
Free & Accepted Masons Of Michigan Alma, MI | $47,943,242 | $7,888,880 |
Sinai Community Institute Inc Chicago, IL | $7,576,999 | $4,670,688 |
Catholic Social Services Of Washtenaw County Ann Arbor, MI | $4,777,711 | $6,106,159 |
Commercial Club Foundation Chicago, IL | $3,172,793 | $4,783,742 |
Restoration Ministries Inc Harvey, IL | $5,151,595 | $4,978,961 |
Zinzendorf Hall Inc Watertown, WI | $13,448,322 | $5,812,562 |