South Bend Rotary Charitable Foundation Inc
- Assets
- $990.2k
- Revenue
- $138.7k
- Investments
- $0.0
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 02/1987
- Data as of
- 06/2022
- EIN
- 54-1372455
Organization Overview
South Bend Rotary Charitable Foundation Inc is located in South Bend, IN. The organization was established in 1987. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Bend Rotary Charitable 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 06/2022, South Bend Rotary Charitable Foundation Inc generated $138.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $118.4k during the year ending 06/2022. While expenses have increased by 21.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE CHARITABLE GIFTS TO COMMUNITY ORGANIZATIONS AND PROJECTS THAT PROMOTE THE IDEALS OF ROTARY INTERNATIONAL OF "SERVICE ABOVE SELF."
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE ACTIVITIES: PROVIDE THANKSGIVING FOOD BASKETS FOR NEEDY FAMILIES; PROVIDE SCHOLARSHIPS FOR LOCAL STUDENTS; SPONSOR LOCAL YOUTH FOR LEADERSHIP CONFERENCES; AND OTHER CHARITABLE ACTIVITIES.
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 |
|---|---|---|---|
Becky Fletcher President | OfficerTrustee | 0.5 | $0 |
Matt Schrock President-El | OfficerTrustee | 0.5 | $0 |
Robert L Shreiner CPA Treasurer | OfficerTrustee | 0.5 | $0 |
William Coleman Secretary | OfficerTrustee | 0.5 | $0 |
Leo Priemer Director | Trustee | 0.5 | $0 |
Amber Pulford Director | Trustee | 0.5 | $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 | $70,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,970 |
| Total Program Service Revenue | $0 |
| Investment income | $25,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,520 |
| Grants and other assistance to domestic individuals. | $24,833 |
| 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 | $15,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,263 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $597 |
| 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 | $1,489 |
| All other expenses | $0 |
| Total functional expenses | $118,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,000 |
| 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 | $808,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,831 |
| Total assets | $990,150 |
| Accounts payable and accrued expenses | $756 |
| Grants payable | $45,000 |
| 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 | $45,756 |
| Net assets without donor restrictions | $938,394 |
| Net assets with donor restrictions | $6,000 |
| 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 | $990,150 |
Grants Awarded
Over the last fiscal year, South Bend Rotary Charitable Foundation Inc has awarded $45,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
South Bend, IN PURPOSE: FACILITIES EXPANSION | $15,000 |
South Bend, IN PURPOSE: HOLOCAUST EDUCATION | $15,000 |
South Bend, IN PURPOSE: MORRIS ARTS CENTER | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Bend Rotary Charitable Foundation Inc has recieved totaling $37,489.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of St Joseph County Inc South Bend, IN PURPOSE: Unrestricted; Restricted | $37,489 |
Endowment Analysis
| Beg. Balance | $161,205 |
| Earnings | -$21,631 |
| Other Expense | $6,743 |
| Ending Balance | $132,831 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater St Louis Inc Saint Louis, MO | $114,175,989 | $83,585,264 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
United Way Of Central Indiana Inc Indianapolis, IN | $217,442,591 | $59,941,831 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
James Whitcomb Riley Memorial Association Indianapolis, IN | $429,029,854 | $68,543,198 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Indiana Association Of United Ways Incorporated Indianapolis, IN | $11,631,864 | $18,149,199 |