Edina Rotary Foundation Inc
- Assets
- $820.0k
- Revenue
- $435.9k
- Investments
- $538.3k
- Employees
- 0
- Location
- Edina, MN
- Founding
- 03/1984
- Data as of
- 06/2021
- EIN
- 41-1456869
Organization Overview
Edina Rotary Foundation Inc is located in Edina, MN. The organization was established in 1984. 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. Edina 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 06/2021, Edina Rotary Foundation Inc generated $435.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $133.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edina Rotary Foundation Inc has awarded 28 individual grants totaling $288,997. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING FOR VARIOUS INTERNATIONAL AND DOMESTIC CHARITABLE CAUSES AND YOUTH ACTIVITIES INCLUDING CAMP ENTERPRISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING PROVIDED TO VARIOUS CHARITABLE ORGANIZATIONS.
GENERAL COSTS OF OPERATING CAMP ENTERPRISE ALONG WITH SCHOLARSHIPS PROVIDED TO VARIOUS YOUTH WHO ATTEND CAMP ENTERPRISE.
COST OF HOSTING THANKSGIVING BASKET-PACKING EVENT (INCLUDES COST OF SUPPLIES), WHICH GIVES LOCAL FAMILIES IN NEED A THANKSGIVING MEAL.
INCLUDES OTHER MISCELLANEOUS COMMUNITY SERVICE PROJECTS SUCH AS FEED MY STARVING CHILDREN, CORNERSTONE MAKE-A-MEAL, VEAP STUDENT HUNGER COLLABORATIVE, ETC. ALSO INCLUDES THE ADMINISTRATIVE COSTS RELATED TO ORGANIZATING AND FACILATING ALL RELATED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Thompson Officer | Officer | 2 | $0 |
Josh Sprague Officer | Officer | 2 | $0 |
Shelly Loberg Officer | Officer | 2 | $0 |
Michael Stanzak Officer | Officer | 2 | $0 |
Joe Hayes Officer | Officer | 2 | $0 |
Fredrick Sylvester Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,034 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $418,865 |
| Total Program Service Revenue | $0 |
| Investment income | $13,484 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,507 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $435,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,523 |
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 | $2,755 |
| 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 | $938 |
| Total functional expenses | $133,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,707 |
| 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 | $538,324 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $820,031 |
| Accounts payable and accrued expenses | $464 |
| 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 | $59,550 |
| Total liabilities | $60,014 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $760,017 |
| Total liabilities and net assets/fund balances | $820,031 |
Grants Awarded
Over the last fiscal year, Edina Rotary Foundation Inc has awarded $86,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: GENERAL PURPOSE | $40,000 |
Addison, TX PURPOSE: WATER FILTERS-COBAN, GUATEMALA | $16,000 |
Northfield, MN PURPOSE: WATER AND SANITATION FOR COMMUNITIES IN SANTA LUCA UTATLAN AND SAN ANDREAS, GUATEMALA, PHASE 2 - NORTHFIELD ROTARY | $10,000 |
Waconia, MN PURPOSE: EJEDA HOSPITAL PROJECT CONTRIBUTION | $10,000 |
Lakewood Ranch, FL PURPOSE: SANTA ELENA, PERU SANITATION PHASE 2 | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Edina Rotary Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Jennings Family Foundation Edina, MN PURPOSE: FUNDRAISER GALA SPONSORSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunger Task Force Inc Milwaukee, WI | $33,494,491 | $39,896,159 |
On With Life Inc Ankeny, IA | $19,447,887 | $18,186,855 |
International Association Of Lions Clubs Fridley, MN | $197,690 | $14,146,394 |
Options In Community Living Inc Madison, WI | $7,666,427 | $12,922,524 |
Center City Housing Corporation Duluth, MN | $35,739,418 | $8,813,039 |
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 |