Lexington Park Rotary Foundation Inc
- Assets
- $306.6k
- Revenue
- $112.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington Park, MD
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 52-1231824
Organization Overview
Lexington Park Rotary Foundation Inc is located in Lexington Park, MD. The organization was established in 1982. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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. Lexington Park Rotary Foundation 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 12/2021, Lexington Park Rotary Foundation Inc generated $112.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $56.5k during the year ending 12/2021. 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
THE ORGANIZATION'S MISSION IS TO FURTHER THE IDEALS OF THE ROTARY CLUB BY PROVIDING GRANT FUNDS TO LOCAL CHARITABLE ORGANIZATIONS AND EDUCATIONAL SCHOLARSHIPS TO COLLEGE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 15 EDUCATIONAL SCHOLARSHIPS FOR UNDERGRADUATE STUDENTS
THE LEXINGTON PARK ROTARY FOUNDATION, INC PROVIDED FUNDS IN 2020 FOR A VARIETY OF CHARITABLE ORGANIZATIONS IN ST. MARY'S COUNTY, MARYLAND. THE FOUNDATION SEEKS OUT GROUPS THAT DIRECTLY PROVIDE SHELTER, FOOD, AND SUPPORT TO THOSE IN THE COUNTY. REQUESTS ARE REVIEWED AND AVAILABLE DOLLARS DISTRIBUTED THROUGHOUT THE YEAR. THE SUPPORTED ORGANIZATIONS IN 2021 WERE RELATED TO FOOD PANTRIES, HOMELESSNESS, PEOPLE WITH DISABILITIES, NAACP, AND HOME REPAIR (CHRISTMAS IN APRIL,). THE FOUNDATION ALSO PARTICPATED IN GLOBAL GRANTS.
THE CLUB HONORS ROTARY CLUB MEMBERS BY DONATING TO THE ROTARY FOUNDATION. THE MEMBERS ARE THEN RECOGNIZED AS PAUL HARRIS FLLOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann Murray President | OfficerTrustee | 3 | $0 |
Robert Goldsmith Secretary | OfficerTrustee | 0.5 | $0 |
George Hurlburt Treasurer | OfficerTrustee | 3 | $0 |
Paul Fletcher Vice-President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,250 |
| Government grants | $8,696 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,426 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,372 |
| Total Program Service Revenue | $0 |
| Investment income | $2,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $73,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,834 |
| Grants and other assistance to domestic individuals. | $15,000 |
| 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 | $735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,931 |
| 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 | $5,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $56,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,330 |
| Savings and temporary cash investments | $19,512 |
| 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 | $176,748 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,590 |
| 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 | $6,000 |
| Total liabilities | $6,000 |
| Net assets without donor restrictions | $185,142 |
| Net assets with donor restrictions | $115,448 |
| 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 | $306,590 |
Grants Awarded
Over the last fiscal year, Lexington Park Rotary Foundation Inc has awarded $11,109 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GROWINGSTEMSTHE ROBOBEES PURPOSE: ROBOTICS | $5,859 |
Lanham, MD PURPOSE: HURRICANE RELIEF | $5,250 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lexington Park Rotary Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Consortium Management Group Inc Washington, DC PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $25,000 |
Consortium Management Group Inc Washington, DC PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Village Foundation Inc montgomery village, MD | $23,433,037 | $9,100,632 |
Blockchain Charity Foundation Usa Washington, DC | $18,476,166 | $12,913,817 |
Act For Alexandria Alexandria, VA | $25,524,079 | $7,617,741 |
Dream Big Foundation Inc Crownsville, MD | $3,093,434 | $416,051 |
Sons Of Italy Foundation Washington, DC | $3,002,403 | $903,118 |
Fishtown Kensington Area Business Improvement District Inc Philadelphia, PA | $471,400 | $763,974 |
Nccco Foundation Inc Fairfax, VA | $88,363 | $507,000 |
Sior Foundation Washington, DC | $7,527,340 | $479,437 |
Invest Pgh Pittsburgh, PA | $6,268,905 | $1,344,305 |
Operation Our Town Altoona, PA | $262,216 | $357,697 |
In-2-Market Inc Pittsburgh, PA | $472,102 | $212,780 |
New Partners Community Solar Corp Washington, DC | $2,555,903 | $291,439 |