Stoughton Rotary Special Projects Foundation Inc
- Assets
- $1.8m
- Revenue
- $207.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Stoughton, WI
- Founding
- 12/1993
- Data as of
- 06/2022
- EIN
- 39-1768025
Organization Overview
Stoughton Rotary Special Projects Foundation Inc is located in Stoughton, WI. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stoughton Rotary Special Projects 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, Stoughton Rotary Special Projects Foundation Inc generated $207.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $107.8k during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS AND FUNDRAISING ARE DONE TO ALLOW THE PROMOTION OF CIVIC ACTIVITIES IN THE COMMUNITY THROUGH ROTARY CLUB OF STOUGHTON
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE AWARDED TO STOUGHTON SCHOOL DISTRICT APPLICANTS BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT/EXCELLENCE, A RECORD OF COMMUNITY SERVICE AND CITIZENSHIP.
GRANTS TO SUPPORT THE TEACHERS AT STOUGHTON AREA SCHOOL DISTRICT IN IMPROVING ADMINISTRATIVE CULTURAL ADEPTNESS
THE FUNDS WERE CONTRIBUTED TO VARIOUS CHARITABLE AND CIVIC ORGANIZATIONS ON A LOCAL LEVEL AS WELL AS ON A GLOBAL LEVEL.
STOUGHTON HOLIDAY LIGHTS FOR STOUGHTON RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Stevens President | OfficerTrustee | 3 | $0 |
Margaret Veek Treasurer | OfficerTrustee | 8 | $0 |
Dan Degroot Vice President | OfficerTrustee | 2 | $0 |
Mike Gilbert Secretary | OfficerTrustee | 4 | $0 |
Jason Guerin Past President | Trustee | 3 | $0 |
Tom Frenrick Board Member | Trustee | 2 | $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 | $60,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,691 |
| Total Program Service Revenue | $0 |
| Investment income | $30,098 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,801 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,254 |
| Grants and other assistance to domestic individuals. | $56,000 |
| 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 | $9,495 |
| 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 | $0 |
| Total functional expenses | $107,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,469 |
| 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 | $0 |
| Investments—other securities | $1,800,383 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,801,852 |
| 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 | $1,617,846 |
| Net assets with donor restrictions | $184,006 |
| 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 | $1,801,852 |
Grants Awarded
Over the last fiscal year, Stoughton Rotary Special Projects Foundation Inc has awarded $153,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF STOUGHTON PURPOSE: TO BUILD BATHROOM AND TO SETUP PLAYGROUND EQUIPMENT AT THE ROTARY PARK. | $70,000 |
CITY OF STOUGHTON PURPOSE: TO BUILD BATHROOM AND TO SETUP PLAYGROUND EQUIPMENT AT THE ROTARY PARK. | $70,000 |
STOUGHTON AREA SCHOOL DISTRICT PURPOSE: TO SUPPORT THE STOUGHTON AREA SCHOOL DISTRICT IN IMPROVING ADMINISTRATIVE CULTURAL ADEPTNESS. | $6,500 |
STOUGHTON AREA SCHOOL DISTRICT PURPOSE: TO SUPPORT THE STOUGHTON AREA SCHOOL DISTRICT IN IMPROVING ADMINISTRATIVE CULTURAL ADEPTNESS. | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stoughton Rotary Special Projects Foundation Inc has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Endowment Analysis
| Beg. Balance | $1,988,163 |
| Earnings | -$334,768 |
| Other Expense | $13,061 |
| Ending Balance | $1,640,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |