Cross Timbers Rotary Club Charities Inc
- Assets
- $55.4k
- Revenue
- $165.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Flower Mound, TX
- Founding
- 06/2018
- Data as of
- 06/2022
- EIN
- 47-5370542
Organization Overview
Cross Timbers Rotary Club Charities Inc is located in Flower Mound, TX. The organization was established in 2018. 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. Cross Timbers Rotary Club Charities Inc 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, Cross Timbers Rotary Club Charities Inc generated $165.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $169.7k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE SERVICE TO OTHERS, PROMOTE INTEGRITY, AND ADVANCE WORLD UNDERSTANDING, GOODWILL, AND PEACE THROUGH OUR FELLOWSHIP OF BUSINESS, PROFESSIONAL, AND COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO NONPROFIT ENTITIES
ROTARY ACTION DAYS
DONATION TO DONOR ADVISED FUND
DONATION FOR YOUTH SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Dodge President | OfficerTrustee | 1 | $0 |
Jim Moll President Elect | OfficerTrustee | 1 | $0 |
Nicole Smith Woodard President Nominee | OfficerTrustee | 1 | $0 |
Tracee Elrod Secretary | OfficerTrustee | 1 | $0 |
Bruce Schultes Treasurer | OfficerTrustee | 1 | $0 |
Melissa Nobles Sergeant At Arms | OfficerTrustee | 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 | $40,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,322 |
| Total Program Service Revenue | $0 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $125,353 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $167,022 |
| 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 | $2,114 |
| 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 | $517 |
| Total functional expenses | $169,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,400 |
| Savings and temporary cash investments | $40,027 |
| 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 | $55,427 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $33,617 |
| Deferred revenue | $2,500 |
| 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 | $36,117 |
| Net assets without donor restrictions | $19,310 |
| 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 | $55,427 |
Grants Awarded
Over the last fiscal year, Cross Timbers Rotary Club Charities Inc has awarded $111,673 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CROSS TIMBERS ROTARY CLUB DAF PURPOSE: Donation to Donor Advised Fund | $49,786 |
UNT PUSH PURPOSE: Donation to UNT Push Program for college foster students | $17,000 |
THE ROTARY FOUNDATION PURPOSE: Donation to Ukraine disaster & Annual fund | $14,973 |
LEWISVILLE EDUCATION FOUNDATION PURPOSE: Donation to LEF scholarship fund | $11,000 |
CLOUD 9 CHARITIES PURPOSE: Donation to Cloud 9 Charities nonprofit | $6,198 |
JOURNEY TO DREAM PURPOSE: Donation to Journey to Dream nonprofit | $7,157 |