Racine Founders Club Rotary Foundation Inc
- Assets
- $326.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Racine, WI
- Founding
- 09/1990
- Data as of
- 06/2022
- EIN
- 39-1621236
Organization Overview
Racine Founders Club Rotary Foundation Inc is located in Racine, WI. The organization was established in 1990. 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. Racine Founders Club 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 06/2022, Racine Founders Club Rotary Foundation Inc generated $91.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $51.0k 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CHARITABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Booth President | 2 | $0 | |
Jody Muniz Director | 0.5 | $0 | |
Ashley Staeck Director | 0.5 | $0 | |
Robert Henken Director | 1 | $0 | |
Norris Richardson Director | 0.5 | $0 | |
Frank E Sterbin Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,489 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,117 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $71,068 |
| Other Revenue | $0 |
| Total Revenue | $91,674 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $97 |
| Total expenses | $50,952 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $326,100 |
| Other assets | $0 |
| Total assets | $326,100 |
| Total liabilities | $90,664 |
| Net assets or fund balances | $235,436 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Racine Founders Club Rotary Foundation Inc has recieved totaling $10,750.
| Awarding Organization | Amount |
|---|---|
The Charles And Dolores Zaionc Family Foundation Inc Wilmington, DE PURPOSE: STRIVE SCHOLARSHIP FUND | $10,000 |
Johnson Foundation Inc Racine, WI PURPOSE: GENERAL DONATION | $750 |
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