Rotary Foundation Of Washington Dc

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 06/2022, Rotary Foundation Of Washington DC generated $302.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $438.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Rotary Foundation Of Washington DC has awarded 41 individual grants totaling $1,315,000. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENGAGE IN WORKS OF CHARITY OF EVERY DESCRIPTION AND TO COLLECT, HOLD AND ADMINISTER FUNDS TO CARRY ON CHARITABLE ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN OCTOBER, THE BOARD HOSTED A RETREAT WHICH INCLUDED DEFINING THE FOUNDATIONS VISION AND MISSION. THOUGH THIS WAS SHARED WITH CLUB MEMBERS THROUGH AN EMAIL ANNOUNCEMENT IN LATE JANUARY, IM SHARING AGAIN NOW. AN ORGANIZATIONS VISION STATEMENT LOOKS FORWARD AND CREATES A MENTAL IMAGE OF THE IDEAL STATE THAT THE ORGANIZATION WISHES TO ACHIEVE. IT IS INSPIRATIONAL AND ASPIRATIONAL AND SHOULD CHALLENGE.AN ORGANIZATIONS MISSION STATEMENT LISTS THE CORE PRINCIPLES THAT GUIDE AND DIRECT THE ORGANIZATION AND ITS CULTURE. IN A VALUES-LED ORGANIZATION, THE VALUES CREATE A MORAL COMPASS FOR THE ORGANIZATION AND ITS EMPLOYEES. IT GUIDES DECISION-MAKING AND ESTABLISHES A STANDARD AGAINST WHICH ACTIONS CAN BE ASSESSED. EARLY LAST CLUB YEAR, A WORKING GROUP WAS FORMED TO EXAMINE INVESTMENT POLICY. ULTIMATELY, THE INVESTMENT GUIDELINES CONFIRM A POLICY OF LONGEVITY AND SUSTAINABILITY OF RESOURCES TO CONTINUE FUNDING FOR GENERATIONS TO COME. WEVE CHARGED OUR INVESTMENT ADVISORS, HERITAGE, TO SUPPORT THIS KEY GOAL. THOUGH OUR FUNDS HAVE BEEN IMPACTED BY RECENT MARKET VOLATILITY, THE NUMBERS INDICATE A TRACK RECORD WE CAN FEEL GOOD ABOUT. WE WILL BE ABLE TO FUND GOOD DEEDS FOR DECADES TO COME. THROUGH GRANT MAKING TO NUMEROUS NONPROFITS DELIVERY DIRECT SERVICES TO RESIDENTS OF THE DC METROPOLITAN AREA, ALONG WITH SIGNATURE PROJECTS IMPLEMENTED DIRECTLY BY OUR CLUB LOCALLY AND GLOBALLY, AS WELL AS OUR SUPPORT OF YOUTH SERVICES SUCH AS INTERACT, ROTARACT, RYLA, AND THE BOYS & GIRLS CLUB WE FUNDED PROGRAMS OF NEARLY $370,000 IN FY2022.


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Board, Officers & Key Employees

Name (title)Compensation
Lynn Holec
Vice President
$0
Steve Liston
Secretary
$0
Patrick Kavanaugh
Immediate Past President
$0
Lisa Mccurdy
President
$0
Monica Smith
Sergeant-At-Arms
$0
Linda Solomon
Treasurer
$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$30,066
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$30,066
Total Program Service Revenue$0
Investment income $139,494
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $133,233
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $302,793

Grants Awarded

Over the last fiscal year, Rotary Foundation Of Washington Dc has awarded $183,500 in support to 6 organizations.

Grant RecipientAmount

BOYS & GIRLS CLUB OF GREATER WASHIN

Org PageRecipient Profile

Washington, DC

|

$90,000

Washington, DC

|

$20,000

MULTICULTURAL CAREER INTERN PROGRAM

Org PageRecipient Profile

Washington, DC

|

$20,000

Upper Marlboro, MD

|

$20,000

JUBILEE JUMPSTART

Org PageRecipient Profile

Washington, DC

|

$20,000

NATIONAL PARK SERVICE

|

|

$13,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Rotary Foundation Of Washington Dc has recieved totaling $32.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$32
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,884,348
Earnings-$797,085
Admin Expense$49,896
Net Contributions$30,066
Other Expense$43,791
Grants$384,094
Ending Balance$7,639,548

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