Rotary Club Of Black Mountain Foundation
- Assets
- $162.2k
- Revenue
- $124.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Black Mountain, NC
- Founding
- 12/2011
- Data as of
- 06/2020
- EIN
- 45-1736122
Organization Overview
Rotary Club Of Black Mountain Foundation is located in Black Mountain, NC. The organization was established in 2011. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Black Mountain 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 06/2020, Rotary Club Of Black Mountain Foundation generated $124.4k 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 (12.8%) each year. All expenses for the organization totaled $121.0k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 4 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SWANNANOA VALLEY IN AREAS OF EDUCATION, HOMELESSNESS AND FOOD INSECURITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
3.COLLEGE SCHOLARSHIP THE BLACK MOUNTAIN ROTARY CLUB FOUNDATION ANNUALLY PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS AT WARREN WILSON HIGH SCHOOL AND THE COMMUNITY HIGH SCHOOL WHO ARE HEADED TO COLLEGE. ONCE ACCEPTED AND REGISTERED FOR FALL CLASSES THE COLLEGE OR UNIVERSITY OF THE STUDENTS CHOICE NOTIFIES THE CLUB OF THE STUDENTS ENROLLMENT. A CHECK IS THEN MAILED TO THAT UNIVERSITY OR COLLEGE.4. SUPPORT OF LOCAL ELHI WITH BACKPACKS FILLED WITH SCHOOL SUPPLIES5. FUNDING LOCAL HEADSTART CHILD CARE CENTERS NEW FACILITY6. INTERNATIONAL STUDENT EXCHANGE PROGRAM
1.GUATEMALA - WORKING IN CONJUNCTION WITH SAFE PASSAGE, A US REGISTERED 501 (C) (3) ORGANIZATION, IN THEIR EFFORTS TO IMPLEMENT EXPEDITIONARY LEARNING IN THE COMMUNITY OF THE GUATEMALA CITY GARBAGE DUMP THE BLACK MOUNTAIN ROTARY CLUB IS DEVELOPING AND IMPLEMENTING A INTERCHANGE OF TEACHERS FROM THE SAFE PASSAGE SCHOOL IN GUATEMALA WITH TWO DIFFERENT SCHOOLS IN BUNCOMBE COUNTY, OVER A TWO YEAR PERIOD. THIS WILL INVOLVE THE TRAVEL OF TEACHERS TO VISIT EACH OTHERS SITE AND TO SET UP AN ELECTRONIC CLASSROOM, WHERE STUDENTS WILL PARTICIPATE IN LEARNING ABOUT EACH OTHER, AND SPECIFIC COURSES. 2.DOLLY PARTON IMAGINATION LIBRARY IN AN EFFORT TO PROMOTE EMERGENT LITERACY SKILLS THE BLACK MOUNTAIN ROTARY HAS PARTNERED WITH THE DOLLYWOOD FOUNDATION TO PROVIDE AGE-APPROPRIATE BOOKS TO REGISTERED CHILDREN BIRTH TO AGE FIVE MONTHLY IN ZIP CODES 28711 AND 28778.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Brown Treasurer | OfficerTrustee | 1 | $0 |
James Guffey President | OfficerTrustee | 0.5 | $0 |
Susan Denne President Elect | OfficerTrustee | 0.5 | $0 |
James Aydelotte Secretary | OfficerTrustee | 0.5 | $0 |
Barbara Hilty Chairperson | OfficerTrustee | 1 | $0 |
Roger Kumpf Past President | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,806 |
| Investment income | $2,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,427 |
| Statement of Expenses | |
|---|---|
| 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 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 | $895 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $107 |
| 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 | $120,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,888 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $98,340 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $162,228 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $162,228 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Black Mountain Foundation has awarded $165,060 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SWANNANOA VALLEY CHRISTIAN MINISTRY PURPOSE: Transitional housing shelter | $155,000 |
DOLLYWOOD PURPOSE: Education-Imagination Library | $10,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC | $293,333,431 | $80,143,972 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |
The Community Foundation Of Western North Carolina Inc Asheville, NC | $422,748,745 | $38,320,270 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC | $268,212,461 | $40,395,887 |