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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lynn Holec Vice President | OfficerTrustee | 3 | $0 |
Steve Liston Secretary | OfficerTrustee | 3 | $0 |
Patrick Kavanaugh Immediate Past President | OfficerTrustee | 3 | $0 |
Lisa Mccurdy President | OfficerTrustee | 3 | $0 |
Monica Smith Sergeant-At-Arms | OfficerTrustee | 3 | $0 |
Linda Solomon Treasurer | OfficerTrustee | 3 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $352,194 |
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 | $15,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,825 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $50,174 |
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 | $7,531 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $1,065 |
Total functional expenses | $438,789 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,065 |
Savings and temporary cash investments | $499,821 |
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 | $7,173,494 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,680,655 |
Accounts payable and accrued expenses | $6,390 |
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 | $6,390 |
Net assets without donor restrictions | $5,678,166 |
Net assets with donor restrictions | $1,996,099 |
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 | $7,680,655 |
Over the last fiscal year, Rotary Foundation Of Washington Dc has awarded $183,500 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
Washington, DC | | $90,000 |
Washington, DC | | $20,000 |
Washington, DC | | $20,000 |
Upper Marlboro, MD | | $20,000 |
Washington, DC | | $20,000 |
NATIONAL PARK SERVICE | | | $13,500 |
Over the last fiscal year, we have identified 1 grants that Rotary Foundation Of Washington Dc has recieved totaling $32.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
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 |
Organization Name | Assets | Revenue |
---|---|---|
Jack & Jill Of America Inc Washington, DC | $9,408,863 | $16,824,619 |
Jewish Community Center Of Baltimore Inc Owings Mills, MD | $10,312,244 | $15,367,290 |
Hope House Foundation Inc Norfolk, VA | $8,074,708 | $12,111,448 |
Giffords Washington, DC | $9,121,826 | $14,275,071 |
Jack And Jill Of America Incorporated Washington, DC | $8,719,734 | $12,985,357 |
Virginia Regional Transit Purcellville, VA | $16,382,383 | $8,231,477 |
Lynchburg South Lodge No 1727 Loyal Order Of The Moose Lynchburg, VA | $3,317,172 | $6,195,077 |
Links Foundation Inc Washington, DC | $23,252,589 | $7,772,032 |
Solutions That Empower People Inc Rocky Mount, VA | $2,704,443 | $4,763,662 |
Rooftop Of Virginia Cap Galax, VA | $1,411,246 | $4,260,955 |
Coalition For Epidemic Preparedness Innovations Us Cepi Us Washington, DC | $496,981 | $3,699,855 |
Quincy Institute For Responsible Statecraft Washington, DC | $4,164,590 | $5,927,477 |