Rotary Foundation Of Washington Dc
- Assets
- $8.2m
- Revenue
- $326.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1937
- Data as of
- 06/2023
- EIN
- 52-6040639
Organization Overview
Rotary Foundation Of Washington Dc is located in Washington, DC. The organization was established in 1937. 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. Rotary Foundation Of Washington DC 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, Rotary Foundation Of Washington DC generated $326.3k 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 (4.1%) each year. All expenses for the organization totaled $462.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rotary Foundation Of Washington DC has awarded 40 individual grants totaling $1,370,700. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROTARY CLUB OF WASHINGTON, DC ESTABLISHED A FOUNDATION, THE FOUNDATION OF WASHINGTON DC, IN JULY 1922 TO SUPPORT ITS WORKS OF CHARITY OF EVERY DESCRIPTION IN WASHINGTON, DC. LATER, THE CLUB EXPANDED THE FOUNDATIONS MISSION TO INCLUDE THE GREATER WASHINGTON DC AREA (DMV). THUS, 2022 WAS THE FOUNDATIONS CENTENNIAL. TO RECOGNIZE ITS CENTENNIAL THE FOUNDATION OFFERED A $100,000 GRANT OPPORTUNITY. THIS GRANT WAS AWARDED TO THE MULTICULTURAL CAREER INTERN PROGRAM (MCIP) OF COLUMBIA HEIGHTS EDUCATIONAL CAMPUS (CHEC), A WASHINGTON, DC PUBLIC SCHOOL. IN ADDITION, THE FOUNDATION CONTINUED ITS ANNUAL COMPETITION FOR COMMUNITY SERVICE GRANTS ($95,000) AND INTERNATIONAL AND SERVICE GRANTS ($29,000). FURTHER, THE FOUNDATION CONTINUED TO SUPPORT DC METROPOLITAN AREA YOUTH THROUGH ITS INTERACT (HIGH SCHOOL LEVEL ROTARIANS), ROTARACT (COLLEGE AGE AND YOUNG PROFESSIONAL ROTARIANS), ROTARY YOUTH LEADERSHIP ACADEMY (A THREE-DAY LEADERSHIP PROGRAM), AND THE BOYS & GIRLS CLUB. AS A MEANS OF FOSTERING AN EVEN HIGHER LEVEL OF ACCOUNTABILITY AND TRANSPARENCY, THE FOUNDATION ESTABLISHED A WHISTLEBLOWER POLICY, WHICH ENCOURAGES OUR COMMUNITY TO REPORT ANY TYPE OF MISMANAGEMENT, AND OUTLINES OF PROCEDURE FOR DOING SO. FURTHER, TO STRENGTHEN RECORD-KEEPING PROCEDURES, THE FOUNDATION ESTABLISHED A DOCUMENT RETENTION AND DESTRUCTION POLICY, WHICH PROMOTES THE APPROPRIATE PRESERVATION, ARCHIVING, AND DESTRUCTION OF DOCUMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Schultz Director | Trustee | 1 | $0 |
Octavian Ionici Director | Trustee | 1 | $0 |
Marilyn Nevy Cruz Director | Trustee | 1 | $0 |
Lisa Cohen Director | Trustee | 1 | $0 |
Bob Mann Director | Trustee | 1 | $0 |
Irene Koerner 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 | $43,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,024 |
| Total Program Service Revenue | $0 |
| Investment income | $154,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $385,570 |
| 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 | $15,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,335 |
| 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 | $5,735 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,217 |
| Total functional expenses | $462,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,367 |
| Savings and temporary cash investments | $239,194 |
| 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 | $275 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,911,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,160,306 |
| Accounts payable and accrued expenses | $14,906 |
| 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 | $14,906 |
| Net assets without donor restrictions | $6,023,387 |
| Net assets with donor restrictions | $2,122,013 |
| 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 | $8,160,306 |
Grants Awarded
Over the last fiscal year, Rotary Foundation Of Washington Dc has awarded $213,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF GREATER WASHIN | | | $92,000 |
NATIONAL PARK SERVICES | | | $15,750 |
MULTICULTURAL CAREER INTERN PROGRAM | | | $100,000 |
ROTARY MALARIA PARTNERS UGANDA | | | $5,250 |