Rotary International
- Assets
- $81.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 41-1514938
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 06/2022, Rotary International generated $76.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $85.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) 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
THE ROTARY CLUB IS INVOLVED IN PROMOTING THE WELFARE OF INDIVIDUALS, PROVIDING ASSISTANCE TO GOVERNMENTAL UNITS IN THE PERFORMANCE OF THEIR FUNCTIONS, AND ASSISTING IN THE DEVELOPMENT AND CONTINUANCE OF INTERNATIONAL UNDERSTANDING AND GOODWILL. THE CLUB SPONSORS FOREIGN EXCHANGE PROGRAMS. THE CLUB ALSO CONTRIBUTES TIME AND OTHER RESOURCES TO COMMUNITY SERVICE PROGRAMS WITHIN MINNEAPOLIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Benson President | 2 | $0 | |
Ross Naylor President-Elect | 2 | $0 | |
Sheila Gothmann Treasurer | 2 | $0 | |
Jean Johnson Vice President/membership Co-Chair | 2 | $0 | |
Cindy Lennie Finance/assistant Treasurer | 2 | $0 | |
Steve Morris Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $69,428 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,978 |
| Total Revenue | $76,416 |
| 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 | $4,991 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $408 |
| Other expenses | $79,998 |
| Total expenses | $85,397 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,217 |
| Other assets | $0 |
| Total assets | $81,073 |
| Total liabilities | $8,924 |
| Net assets or fund balances | $72,149 |
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