Rotary International
- Assets
- $174.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Minneapolis, MN
- Founding
- 09/1942
- Data as of
- 06/2021
- EIN
- 41-0511213
Organization Overview
Rotary International is located in Minneapolis, MN. The organization was established in 1942. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Rotary International is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Rotary International generated $110.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $117.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
THE CLUB HAD APPROXIMATELY 138 MEMBERS FOR THE 2019-20 YEAR. THE CLUB HOLDS APPROXIMATELY 46 LUNCH MEETINGS ANNUALLY AND OPTIONAL FELLOWSHIP EVENTS HELD PERIODICALLY THROUGHOUT THE YEAR. THE CLUB PROVIDES SERVICE OPPORTUNITIES FOR ITS MEMBERS TO PROMOTE THE CLUB'S PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Bethune Director | 3 | $0 | |
Sharon Bloodworth Director | 3 | $0 | |
Chip Parks Past-President | 3 | $0 | |
Kevin Busch Director | 3 | $0 | |
Brendon Dennewill Director | 3 | $0 | |
Marissa Kocaman Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,175 |
| Membership dues | $65,538 |
| Investment income | $109 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,420 |
| Total Revenue | $110,242 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,267 |
| Professional fees and other payments to independent contractors | $6,026 |
| Occupancy, rent, utilities, and maintenance | $3,060 |
| Printing, publications, postage, and shipping | $74 |
| Other expenses | $68,861 |
| Total expenses | $117,288 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $174,706 |
| Other assets | $0 |
| Total assets | $174,706 |
| Total liabilities | $15,085 |
| Net assets or fund balances | $159,621 |
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