Rotary Club Of Clearwater Charities Inc
- Assets
- $1.5m
- Revenue
- $118.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 04/1976
- Data as of
- 06/2021
- EIN
- 51-0188524
Organization Overview
Rotary Club Of Clearwater Charities Inc is located in Clearwater, FL. The organization was established in 1976. According to its NTEE Classification (S82) the organization is classified as: Mens 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. Rotary Club Of Clearwater 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 06/2021, Rotary Club Of Clearwater Charities Inc generated $118.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $61.2k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT LOCAL HUMANITARIAN AND CHARITABLE PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR, THE CHARITIES SELECTION COMMITTEE OF THE ROTARY CLUB OF CLEARWATER SELECTS WORTHY LOCAL AND ROTARY INTERNATIONAL CAUSES TO SUPPORT. CHARITABLE FUNDS ARE RAISED THROUGH CLUB FUNDRAISERS SUCH AS THE ANNUAL KINGFISH TOURNAMENT, THE GOLF TOURNAMENT, AND OTHER EVENTS. IN ADDITION TO SUPPORTING CHARITIES FINANCIALLY, THE ROTARY CLUB OF CLEARWATER AND THEIR MEMBERS SUPPORT NUMEROUS CHARITIES WITH THE GIFT OF THEIR TIME AND INVOLVEMENT IN THE COMMUNITY.(CONTINUED ON SCHEDULE O)THE ROTARY CLUB OF CLEARWATER IS PROUD TO HAVE SUPPORTED THE FOLLOWING LOCAL CHARITIES AS RECIPIENTS OF OUR ANNUAL CHARITY GRANTS FOR FISCAL 2021: BIG BROTHERS BIG SISTERS, CENTER FOR CYBER SAFETY AND EDUCATION, CHILDREN'S DREAM FUND, CLEARWATER FREE CLINIC, CLEARWATER HISTORICAL SOCIETY, CLOTHES TO KIDS, COMMUNITY DENTAL CLINIC, CYSTIC FIBROSIS FOUNDATION, ECKERD CONNECTS, FLORIDA SHERIFF'S YOUTH RANCHES, GIRLS ON THE RUN TAMPA BAY, HABITAT FOR HUMANITY, HOMELESS EMPOWERMENT PROGRAM, HONOR FLIGHT OF WEST CENTRAL FLORIDA, LIFT ACADEMY, RCS PINELLAS, READING IS FUNDAMENTAL, ROTARY FOUNDATION, ROTARY CAMP FLORIDA, SALVATION ARMY OF CLEARWATER, SOMEBODY CARES TAMPA BAY, VOICES OF HOPE FOR APHASIA, WILLA CARSON HEALTH CENTER, AND YMCA OF THE SUNCOAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Fowler Secretary | OfficerTrustee | 1 | $0 |
Andy Burwell Vice Chairman | OfficerTrustee | 1 | $0 |
James Watrous Chairman | OfficerTrustee | 1 | $0 |
James Clark Treasurer | Officer | 1 | $0 |
Gary Regoli Director | Trustee | 1 | $0 |
Ann Kerr Director | 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 | $22,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,332 |
| Total Program Service Revenue | $0 |
| Investment income | $35,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,338 |
| 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 | $7,634 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $266 |
| 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 | $61,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,713 |
| Savings and temporary cash investments | $97,168 |
| 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 | $1,351,026 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,512,907 |
| 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 | $82,274 |
| Net assets with donor restrictions | $1,430,633 |
| 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 | $1,512,907 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Clearwater Charities Inc has awarded $17,235 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Clearwater, FL PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $6,800 |
Clearwater, FL PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $5,435 |
Clearwater, FL PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rotary Club Of Clearwater Charities Inc has recieved totaling $128.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $128 |
Endowment Analysis
| Beg. Balance | $1,129,608 |
| Earnings | $346,659 |
| Admin Expense | $7,634 |
| Other Expense | $38,000 |
| Ending Balance | $1,430,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
100 Black Men Of Atlanta Inc Atlanta, GA | $1,532,763 | $1,952,915 |
Benevolent & Protective Order Of Elks Of The Usa Ocala, FL | $1,483,804 | $650,329 |
100 Black Men Of Greater Orlando Inc Orlando, FL | $201,753 | $400,147 |
Florida Kiwanis Foundation Inc Atlantic Beach, FL | $4,710,563 | $349,851 |
Sanford Lodge No 1851 Loyal Order Of Moose Sanford, FL | $225,455 | $322,780 |
Bay Minette Rotary Village Inc Mobile, AL | $1,727,479 | $237,397 |
Kiwanis Of Little Havana Foundation Inc Miami, FL | $983,640 | $312,027 |
Dekalb County Chapter Of 100 Black Men Of America Inc Atlanta, GA | $194,135 | $296,130 |
Benevolent & Protective Order Of Elks Of The Usa Brandon, FL | $691,708 | $288,227 |
100 Black Men Of South Metro Inc Atlanta, GA | $238,407 | $284,317 |
Rotary International Columbus, GA | $272,568 | $258,748 |
Cape Coral Rotary Foundation Inc Cape Coral, FL | $474,772 | $222,354 |