Rotary Club Of Duluth Foundation
- Assets
- $338.0k
- Revenue
- $58.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 09/1993
- Data as of
- 06/2022
- 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 06/2022, Rotary Club Of Duluth Foundation generated $58.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $48.7k during the year ending 06/2022. While expenses have increased by 18.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE HUMANITARIAN, CHARITABLE AND EDUCATIONAL PURPOSES OF THE ROTARY CLUB OF DULUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
$13,700 WAS GIVEN TO THE BOYS & GIRLS CLUB OF THE NORTHLAND TO SUPPORT ITS YOUTH MENTAL HEALTH PROGRAMMING.
$2,500 WAS GIVEN TO SUPPORT CAMP RYLA, THE ROTARY YOUTH LEADERSHIP AWARDS.
$15,000 WAS GIVEN TO LUTHERAN SOCIAL SERVICES TO SUPPORT THE CONSTRUCTION OF A NEW YOUTH EMERGENCY CRISIS SHELTER.
$10,000 WAS USED TO SUPPORT THE COSTS OF PROVIDING FOOD BASKETS TO LOCAL FAMILIES IN CONJUNTION WITH MINER'S, INC AND THE SALVATION ARMY OF DULUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Collier President | OfficerTrustee | 1 | $0 |
Jerry Ostroski President | OfficerTrustee | 2 | $0 |
Gerald Pelofski Secretary | OfficerTrustee | 2 | $0 |
Barb Perrella Secretary | OfficerTrustee | 2 | $0 |
Jennifer Smith Treasurer | OfficerTrustee | 2 | $0 |
Allen Anway Director | Trustee | 1 | $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 | $33,452 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,452 |
| Total Program Service Revenue | $0 |
| Investment income | $9,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,200 |
| 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 | $0 |
| Fees for services: Accounting | $3,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,619 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $822 |
| 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 | $48,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,634 |
| Savings and temporary cash investments | $10,881 |
| 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 | $302,520 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $338,035 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $3,000 |
| Net assets without donor restrictions | $36,779 |
| Net assets with donor restrictions | $298,256 |
| 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 | $338,035 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Duluth Foundation has awarded $28,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF THE NORTHLAND PURPOSE: YOUTH MENTAL HEALTH PROGRAMMING | $13,700 |
LUTHERAN SOCIAL SERVICES PURPOSE: CONSTRUCTION OF A NEW YOUTH EMERGENCY CRISIS SHELTER | $15,000 |