Smyrna Rotary Club Charitable Foundation
- Assets
- $130.6k
- Revenue
- $171.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Smyrna, TN
- Founding
- 07/2009
- Data as of
- 06/2022
- EIN
- 45-0565739
Organization Overview
Smyrna Rotary Club Charitable Foundation is located in Smyrna, TN. The organization was established in 2009. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smyrna Rotary Club Charitable 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, Smyrna Rotary Club Charitable Foundation generated $171.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $183.1k during the year ending 06/2022. While expenses have increased by 8.0% per year over the past 7 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.
Since 2017, Smyrna Rotary Club Charitable Foundation has awarded 41 individual grants totaling $1,799,266. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDS FOR LOCAL NON-PROFITS AND FOR SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS COLLECTED AND TO BE DISTRIBUTED TO THE TOWN OF SMYRNA FOR CONSTRUCTION OF A SPECIAL NEEDS PLAYGROUND
PROVIDE FUNDS FOR LOCAL NON-PROFIT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Surratt Trustee | Officer | 1 | $0 |
Jonathan Harmon Service Projects Chairman | Officer | 1 | $0 |
Marc Michaelson Chairman | Officer | 1 | $0 |
Eric Brown Treasurer | Officer | 1 | $0 |
Fran Dunne Secretary | Officer | 1 | $0 |
Tim Morrell Trustee | 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 | $6,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,100 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $165,791 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $181,218 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $550 |
| Advertising and promotion | $0 |
| Office expenses | $713 |
| 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 | $582 |
| Insurance | $0 |
| All other expenses | $31 |
| Total functional expenses | $183,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,684 |
| 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 | $873 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $130,557 |
| 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 | $130,557 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $130,557 |
Grants Awarded
Over the last fiscal year, Smyrna Rotary Club Charitable Foundation has awarded $45,968 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Smyrna, TN PURPOSE: Financial assistance | $15,468 |
MEALS ON WHEELS PURPOSE: Financial assistance | $10,000 |
ALERT CDC PURPOSE: Financial assistance | $8,000 |
NOURISH FOOD BANK PURPOSE: Financial assistance | $6,250 |
SECOND HARVEST FOOD BANK PURPOSE: Financial assistance | $6,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Smyrna Rotary Club Charitable Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Rotary International Smyrna, TN PURPOSE: Scholarships | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pure Inc Bentonville, AR | $3,138,267 | $27,808,227 |
Fund For The Global Fund Sperryville, VA | $31,742,511 | $20,841,947 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Operation Sharing Tennessee Oneida, TN | $4,077,173 | $16,068,695 |
Johnny Mac Soldiers Fund Inc Ashburn, VA | $3,599,907 | $5,224,033 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Ujft Community Campus L L C Virginia Beach, VA | $22,712,202 | $1,877,122 |
Generations Inc Memphis, TN | $2,391,169 | $2,284,255 |
Francis P Chiaramonte Md Family Foundation Inc Alexandria, VA | $42,064,981 | $1,988,575 |
Cornerstone Of Hope Inc Paducah, KY | $781,400 | $2,454,747 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
A Step Ahead Foundation Inc Memphis, TN | $3,137,526 | $2,423,176 |