Branchburg Rotary Foundation
- Assets
- $264.7k
- Revenue
- $178.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Branchburg, NJ
- Founding
- 06/2013
- Data as of
- 06/2022
- EIN
- 45-4169347
Organization Overview
Branchburg Rotary Foundation is located in Branchburg, NJ. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public 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. Branchburg Rotary 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, Branchburg Rotary Foundation generated $178.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $178.2k during the year ending 06/2022. While expenses have increased by 19.8% 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 2019, Branchburg Rotary Foundation has awarded 22 individual grants totaling $348,515. 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
THE MISSION OF THE BRANCHBURG ROTARY FOUNDATION IS TO ENGAGE IN CHARITABLE ACTIVITIES THROUGHOUT BRANCHBURG, THE SURROUNDING COMMUNITIES AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRANCHBURG ROTARY FOUNDATION IS AN ALL VOLUNTEER ORGANZIATION THAT SERVES THE TOWN OF BRANCHBURG AS WELL AS THE SURROUNDING TOWNS AND ROTARY INTERNATIONAL PROJECTS. CHARITABLE ACTIVITIES INCLUDE VETERANS PROGRAMS, LOCAL FOOD BANKS, YOUTH ORGANIZATION PROGRAMS AND SCHOLARSHIPS IN BRANCHBURG TOWNSHIP AND THE SURROUNDING AREA. IN FISCAL YEAR ENDING JUNE 30,2022 THE FOUNDATION CONTRIBUTED TO VARIOUS VETERAN GROUPS WHICH COMPRISE THE CONTINUING VETERANS PROJECT, FUNDS WERE RAISED THROUGH GRANTS AND OTHER RAISED FUNDS.THE RAISED FUNDS WERE DISPERSED TO OPERATION JERSEY CARES, WELCOME HOME VETS NJ, VETERANS NETWORK OF NJ, FRONTLINE ARTS AND HORSES FOR FORCES. OTHER FUNDS RAISED ALLOW THE ROTARY TO CONTINUE ITS MISSION TO AWARD SCHOLARSHIPS TO DESERVING LOCAL STUDENTS AND OTHER COMMUNITY PROGRAMS THAT THE FOUNDATION SUPPORTS INCLUDING THE SOUP KITCHEN, FOOD BANK NETWORK OF SOMERSET COUNTY, HOMES FOR HOPE ECUADOR AND OTHER LOCAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Bonanno President | OfficerTrustee | 3 | $0 |
Julie Ann Juliano Secretary | OfficerTrustee | 3 | $0 |
Michael Forrestall Treasurer | OfficerTrustee | 5 | $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 | $9,464 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,464 |
| Total Program Service Revenue | $147,913 |
| Investment income | $825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,157 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,600 |
| Grants and other assistance to domestic individuals. | $12,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $14,895 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,361 |
| 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 | $268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,458 |
| Total functional expenses | $178,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,516 |
| Savings and temporary cash investments | $198,164 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,680 |
| 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 | $264,680 |
| 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 | $264,680 |
Grants Awarded
Over the last fiscal year, Branchburg Rotary Foundation has awarded $103,570 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WELCOME HOME VETS OF NJ PURPOSE: VETERAN PROJECT | $19,744 |
OPERATION JERSEY CARES PURPOSE: VETERAN PROJECT | $26,102 |
VETERANS NETWORK OF NJ PURPOSE: VETERAN PROJECT | $17,536 |
HORSES FOR FORCES PURPOSE: VETERAN PROJECT | $32,436 |
FRONT LINE ARTS PURPOSE: VETERAN PROJECT | $7,752 |