Saint Paul Rotary Foundation
- Assets
- $1.0m
- Revenue
- $80.3k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 11/1979
- Data as of
- 06/2021
- EIN
- 41-1362498
Organization Overview
Saint Paul Rotary Foundation, operating under the name St Paul Rotary Foundation, is located in St Paul, MN. The organization was established in 1979. 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. St Paul 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, St Paul Rotary Foundation generated $80.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $79.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. 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
THE SAINT PAUL ROTARY FOUNDATION SEEKS TO ACCUMULATE FUNDS THROUGH CHARITABLE CONTRIBUTIONS FOR THE FINANCIAL SUPPORT OF THE CHARITABLE, EDUCATIONAL AND COMMUNITY ACTIVITIES AND GRANTS SUCH FUNDS FOR LOCAL AND INTERNATIONAL ACTIVITIES CONDUCTED BY THE SAINT PAUL ROTARY CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SECOND CENTURY SCHOLARSHIP FUND WAS CREATED IN 2010 TO CELEBRATE THE 100TH ANNIVERSARY OF FORMATION OF THE TENTH ROTARY CLUB IN THE WORLD IN ST. PAUL, MN. CLUB MEMBERS AND FRIENDS PROVIDED FUNDS TO CREATE A $465,000 FUND TO CHANGE THE LIFE OF ONE ST. PAUL HIGH SCHOOL STUDENT EVERY YEAR WITH A $20,000, FOUR YEAR COLLEGE SCHOLARSHIP. STUDENTS ARE RECOMMENDED BY THEIR RESPECTIVE HIGH SCHOOL AND MUST APPLY THROUGH SCHOLARSHIP AMERICA, THE LEADING SCHOLARSHIP MANAGEMENT FIRM IN THE UNITED STATES. SCHOLARSHIP AMERICA EVALUATES ALL APPLICANTS AND SELECTS THE WINNER BASED ON ESTABLISHED CRITERIA. APPLICANTS MUST: BE A CURRENT SENIOR AT A ST. PAUL HIGH SCHOOL, HAVE PARTICIPATED IN CAMP RYLA (ROTARY YOUTH LEADERSHIP AWARDS), PLAN TO ENROLL FULL-TIME IN AN ACCREDITED POSTSECONDARY COLLEGE OR UNIVERSITY, AND HAVE A MINIMUM GPA OF 3.0 ON A 4.0 SCALE. SCHOLARSHIPS TOTALING $24,874 WERE PROVIDED TO 5 STUDENTS DURING THE YEAR. THE SAINT PAUL ROTARY FOUNDATION GRANTED $645 TO THE SAINT PAUL ROTARY CLUB IN SUPPORT OF ITS WORK AND SUPPORT OF LOCAL, REGIONAL AND INTERNATIONAL COMMUNITY PROGRAMS. SOME OF THOSE PROGRAMS ARE DESCRIBED BELOW:ROTARY YOUTH EXCHANGE - EXPOSURE TO DIFFERENT CULTURES RANKS AS ONE OF THE MOST POWERFUL WAYS TO PROMOTE INTERNATIONAL UNDERSTANDING AND PEACE. THE SAINT PAUL ROTARY CLUB PROVIDED SUPPORT FOR ONE OR MORE INTERNATIONAL STUDENTS WITH THE OPPORTUNITY TO MEET PEOPLE FROM SAINT PAUL AND TO EXPERIENCE MINNESOTA CULTURE, PLANTING THE SEEDS FOR A LIFETIME OF INTERNATIONAL UNDERSTANDING. WORLD COMMUNITY SERVICE: THE SAINT PAUL ROTARY CLUB MAKES GRANTS TO FUND INTERNATIONAL HUMANITARIAN PROJECTS APPROVED BY THE ROTARY INTERNATIONAL FOUNDATION.
THE SAINT PAUL ROTARY FOUNDATION MADE SEVERAL GRANTS TO THE HALLIE Q BROWN COMMUNITY CENTER TOTALLING $8,500. THE GRANTS WERE PROVIDED FOR PANDEMIC RELIEF IN RONDO HALLIE-WEEN, THANKSGIVING AND CHRISTMAS DINNERS AND FOR THE CHRISTMAS TOY GIVE AWAY.
THE SAINT PAUL ROTARY FOUNDATION MADE A GRANT TO THE NEIGHBORHOOD HOUSE IN THE AMOUNT OF $6,307. THE GRANT WAS MADE FOR PANDEMIC RELIEF, TECHNOLOGY FOR DISTANCE LEARNING AND FOR EMERGENCY FOOD SHELF.
THE SAINT PAUL ROTARY FOUNDATION MADE VARIOUS OTHER GRANTS INCLUDING $4,642 TO TWIN CITIES ROTARACT AND 11 OTHER RECIPIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Kosmo President/chair | OfficerTrustee | 2 | $0 |
John Guthman Vice President | OfficerTrustee | 2 | $0 |
Carla Hauge Secretary | OfficerTrustee | 2 | $0 |
John Chandler Director | OfficerTrustee | 2 | $0 |
Jerry Falletti Treasurer | OfficerTrustee | 2 | $0 |
Sarah Kohler Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,700 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,071 |
| Total Program Service Revenue | $0 |
| Investment income | $26,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,936 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,546 |
| Grants and other assistance to domestic individuals. | $24,874 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,629 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $645 |
| 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 | $79,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,893 |
| Savings and temporary cash investments | $5,163 |
| 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 | $1,016,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225 |
| Total assets | $1,036,139 |
| Accounts payable and accrued expenses | $1,417 |
| 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 | $30,000 |
| Total liabilities | $31,417 |
| Net assets without donor restrictions | $966,055 |
| Net assets with donor restrictions | $38,667 |
| 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 | $1,036,139 |
Grants Awarded
Over the last fiscal year, Saint Paul Rotary Foundation has awarded $14,807 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: PANDEMIC RELIEF IN RONDO HALLIE-WEEN, THANKSGIVING AND CHRISTMAS DINNERS AND CHRISTMAS TOY GIVE AWAY | $8,500 |
St Paul, MN PURPOSE: PANDEMIC RELIEF, TECHNOLOGY FOR DISTANCE LEARNING AND FOR EMERGENCY FOOD SHELF | $6,307 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saint Paul Rotary Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Fleetwood Foundation St Paul, MN PURPOSE: OPERATING | $5,000 |
Endowment Analysis
| Beg. Balance | $618,194 |
| Earnings | $213,074 |
| Admin Expense | $6,629 |
| Net Contributions | $10,983 |
| Ending Balance | $835,622 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Access North Center For Independent Living Of Northeastern Minnesota Hibbing, MN | $4,421,937 | $7,763,537 |
Rural Office Of Community Services Wagner, SD | $1,371,627 | $8,326,343 |
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 |
Zinzendorf Hall Inc Watertown, WI | $13,448,322 | $5,812,562 |
Ne South Dakota Community Action Program Inc Sisseton, SD | $10,163,579 | $4,453,271 |
Neighbors Place Inc Wausau, WI | $2,102,343 | $3,291,740 |
Animal Humane Society Veterinary Centers Pc Golden Valley, MN | $5,738 | $1,391,149 |
Country Winds Manor Inc Cresco, IA | $3,653,187 | $2,378,561 |
Community Action Duluth Duluth, MN | $611,812 | $2,333,739 |
Family Support And Resource Center Inc Madison, WI | $687,144 | $2,101,833 |