Rotary Club Of Greensboro Foundation Inc
- Assets
- $204.4k
- Revenue
- $144.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 11/1997
- Data as of
- 06/2021
- EIN
- 56-2046035
Organization Overview
Rotary Club Of Greensboro Foundation Inc is located in Greensboro, NC. The organization was established in 1997. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Greensboro 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 06/2021, Rotary Club Of Greensboro Foundation Inc generated $144.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $83.2k during the year ending 06/2021. While expenses have increased by 5.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE ROTARY'S MISSION OF SERVICE AND TO BE RESPONSIVE TO COMMUNITY NEEDS THROUGH FUNDING ROTARY APPROVED PROJECTS, JOINT EFFORTS WITH ONE OR MORE LOCAL OR DISTRICT CLUBS, AND LOCAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE PRIOR YEAR, THE ROTARY CAROUSEL, LLC (A DISREGARDED ENTITY OWNED BY THE FOUNDATION) COMPLETED THE CONSTRUCTION OF A CAROUSEL AND TRANSFERRED THE OWNERSHIP AS A CHARITABLE DONATION TO THE NATURAL SCIENCE CENTER OF GREENSBORO, A SEC 501(C)(3) ORGANIZATION, AND THE CITY OF GREENSBORO. DURING THE YEAR ENDED 06/30/2021, THE ROTARY CAROUSEL, LLC TRANSFERRED SOME REMAINING ITEMS RELATED TO THE CAROUSEL TO THE NATURAL SCIENCE CENTER OF GREENSBORO (SEE SCHEDULE I, PART II.
OUTREACH PROGRAMS AND DONATIONS TO ORGANIZATIONS IN THE GREENSBORO AREA. THE ORGANIZATION PROVIDED FUNDS TO APPROXIMATELY 8 ORGANIZATIONS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Bain Vice Preside | OfficerTrustee | 1 | $0 |
Ken Keller Secretary | OfficerTrustee | 1 | $0 |
Freddy Robinson President | OfficerTrustee | 1 | $0 |
Lewis Ritchie Treasurer | OfficerTrustee | 1 | $0 |
Ron Wilson 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 | $144,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,711 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,003 |
| 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 | $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 | $65 |
| 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 | $1,110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $86 |
| Total functional expenses | $83,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,390 |
| Savings and temporary cash investments | $90,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,840 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,475 |
| Total assets | $204,385 |
| Accounts payable and accrued expenses | $2,209 |
| Grants payable | $0 |
| Deferred revenue | $375 |
| 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 | $2,584 |
| Net assets without donor restrictions | $201,801 |
| Net assets with donor restrictions | $0 |
| 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 | $204,385 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Greensboro Foundation Inc has awarded $30,814 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Greensboro, NC PURPOSE: GIFT TO COMMUNITY | $24,814 |
Greensboro, NC | | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rotary Club Of Greensboro Foundation Inc has recieved totaling $11,570.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $11,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $330 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $180 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The International Student Exchange Programs Arlington, VA | $4,426,296 | $2,807,253 |
Georgia Rotary Student Program Inc Savannah, GA | $224,018 | $1,023,976 |
Forte International Exchange Assn Falls Church, VA | $3,742,967 | $1,490,685 |
Us-Ireland Alliance Arlington, VA | $11,567,008 | $1,242,344 |
Medical Education Cooperation With Cuba Decatur, GA | $774,993 | $361,532 |
Consortium For Global Education Inc Atlanta, GA | $185,862 | $432,617 |
Middle Tennessee Japan Society Nashville, TN | $229,625 | $333,404 |
Crosscampus International Spartanburg, SC | $109,478 | $241,905 |
Global Insights Inc Marietta, GA | $79,507 | $95,186 |
Spoleto Study Abroad Raleigh, NC | $1,860,795 | -$19,015 |
Rotary Club Of Greensboro Foundation Inc Greensboro, NC | $204,385 | $144,721 |
Inter Ed Ltd Dyersburg, TN | $2,866 | $37,837 |