Arroyo Grande Rotary Foundation
- Assets
- $69.5k
- Revenue
- $22.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Orcutt, CA
- Founding
- 02/2015
- Data as of
- 06/2023
- EIN
- 47-1079415
Organization Overview
Arroyo Grande Rotary Foundation is located in Orcutt, CA. The organization was established in 2015. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. Arroyo Grande 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 06/2023, Arroyo Grande Rotary Foundation generated $22.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $16.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (20.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ARROYO GRANDE ROTARY FOUNDATION IS A NOT-FOR-PROFIT CORPORATION WHOSE SPECIFIC PURPOSE IS TO RECEIVE, MANAGE AND DISTRIBUTE MONIES, GIFTS IN KIND AND OTHER FORMS OF SUPPORT FOR ACADEMIC, ATHLETIC AND CULTURAL PROGRAMS FOR THE COMMUNITY OF ARROYO GRANDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WILL BE SUPPORTED SOLELY BY VOLUNTARY CONTRIBUTIONS FROM ROTARIANS AND FRIENDS OF THE FOUNDATION WHO SHARE ITS VISION TO IMPROVE THE COMMUNITY OF ARROYO GRANDE. FUNDS WILL ALSO BE RAISED IN THE FOLLOWING WAYS: MAIL SOLICITATIONS, EMAIL SOLICITATIONS, PERSONAL SOLICITATIONS, FOUNDATION GRANT SOLICITATIONS AND OTHER FUNDRAISERS, YET TO BE IDENTIFIED. SPECIFIC LOCATIONS OF FUTURE FUNDRAISING EVENTS ARE STILL YET TO BE DETERMINED. ALL OF THE ORGANIZATION'S FUTURE ACTIVITIES WILL BE CONDUCTED BY THE BOARD OF DIRECTORS AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hansen Secretary | Trustee | 3 | $0 |
Margie Drube President | Officer | 3 | $0 |
Steve Cool Vice President | Officer | 3 | $0 |
Thomas V Apkarian Jr Treasurer | Officer | 3 | $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 | $7,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,200 |
| Total Program Service Revenue | $0 |
| Investment income | $689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,674 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,750 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $183 |
| Total functional expenses | $16,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,494 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,494 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| 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 | $10,000 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $59,494 |
| Total liabilities and net assets/fund balances | $69,494 |