Apple Valley Rotary Scholarship Foundation
- Assets
- $423.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Apple Valley, MN
- Founding
- 03/1997
- Data as of
- 06/2022
- EIN
- 41-1855981
Organization Overview
Apple Valley Rotary Scholarship Foundation is located in Apple Valley, MN. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apple Valley Rotary Scholarship 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, Apple Valley Rotary Scholarship Foundation generated $59.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $79.6k during the year ending 06/2022. 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 Mission:
Part 3 - Line 1
GRANTS FOR EDUCATION.
Describe the Organization's Program Activity:
Part 3
INTERNATIONAL GRANTS FOR MEDICAL SUPPLIES, SAFE WATER, ETC.
COMMUNITY GRANTS - GRANTS FOR MILITARY FAMILIES, HARDSHIP/CRISIS FAMILIES, ETC.
COMMUNITY GRANTS - GRANTS FOR VARIOUS EDUCATIONAL PROJECTS, YOUTH MOTIVATIONAL ENHANCEMENT PROGRAMS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Braun Chair | 2 | $0 | |
Gwen Aaberg Director | 1 | $0 | |
Bill Butler Director | 1 | $0 | |
Ed Corbett Director | 1 | $0 | |
Wayne Hilbert Director | 1 | $0 | |
Tom Niederkorn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,377 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $31,088 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,465 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,416 |
| Total expenses | $79,566 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $419,946 |
| Other assets | $0 |
| Total assets | $423,206 |
| Total liabilities | $7,127 |
| Net assets or fund balances | $416,079 |