Rotary Club Of Duluth Foundation
- Assets
- $395.2k
- Revenue
- $63.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 09/1993
- Data as of
- 06/2021
- EIN
- 41-1750809
Organization Overview
Rotary Club Of Duluth Foundation is located in Duluth, MN. The organization was established in 1993. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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. Rotary Club Of Duluth 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, Rotary Club Of Duluth Foundation generated $63.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $42.4k during the year ending 06/2021. While expenses have increased by 2.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION FUNDS PROJECTS IN THE DULUTH AREA WITH A FOCUS ON YOUTH AND COMMUNITY-BASED INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
$25,000 WAS GIVEN TO THE BOYS & GIRLS CLUB OF THE NORTHLAND FOR ITS YOUTH MENTAL HEALTH PROGRAMMING.
OTHER GRANTS THAT SUPPORT THE FOUNDATION'S MISSION TO FUNDS PROJECTS IN THE DULUTH AREA WITH A FOCUS ON YOUTH AND COMMUNITY-BASED INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Makynen President (thru 8/20) | OfficerTrustee | 2 | $0 |
Gerald Pelofski Vice President | OfficerTrustee | 2 | $0 |
Jennifer Smith Treasurer | OfficerTrustee | 2 | $0 |
Barb Perrella Secretary | OfficerTrustee | 2 | $0 |
John Moir Vice President (thru 8/20) | OfficerTrustee | 2 | $0 |
Jerry Ostroski President | OfficerTrustee | 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 | $34,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,066 |
| Total Program Service Revenue | $0 |
| Investment income | $6,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,500 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $54 |
| Fees for services: Accounting | $5,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,223 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $500 |
| 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 | $42,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,158 |
| Savings and temporary cash investments | $8,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,070 |
| 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 | $353,952 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $395,198 |
| 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 | $88,780 |
| Net assets with donor restrictions | $306,418 |
| 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 | $395,198 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Duluth Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Duluth, MN PURPOSE: YOUTH MENTAL HEALTH PROGRAMMING | $25,000 |
Duluth, MN PURPOSE: COMMUNITY GRANT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rotary Club Of Duluth Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $260,817 |
| Net Contributions | $17,823 |
| Ending Balance | $278,640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Continuing Legal Education St Paul, MN | $8,925,576 | $6,672,774 |
Cedar Valley Friends Of The Family Inc Waterloo, IA | $2,837,799 | $5,986,099 |
Dairy Lab Services Inc Dubuque, IA | $2,147,827 | $2,967,894 |
Northfield Healthy Community Initiative Northfield, MN | $2,436,956 | $3,116,991 |
Greater Green Bay Chamber Of Commerce Foundation Inc Green Bay, WI | $2,890,843 | $1,952,883 |
Souris Basin Planning Council Minot, ND | $2,307,834 | $2,465,204 |
Roth & Letch Family Charitable Foundation Dakota Dunes, SD | $32,020,107 | $0 |
Association Of Equipment Management Professionals Inc Middleton, WI | $87,248 | $1,345,748 |
Sheet Metal Local 10 Control Board Trust Fund Maplewood, MN | $2,121,090 | $1,230,944 |
Greater Downtown Council Duluth, MN | $634,553 | $895,714 |
Friends Of The Goss Opera House Inc Watertown, SD | $5,044,640 | $1,355,327 |
Highland Perpetual Maintenance Society Inc Des Moines, IA | $8,135,629 | $1,156,807 |