Nashville Rotary Service Trust
- Assets
- $1.8m
- Revenue
- $177.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 11/1976
- Data as of
- 06/2022
- EIN
- 58-1319195
Organization Overview
Nashville Rotary Service Trust is located in Nashville, TN. The organization was established in 1976. 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. Nashville Rotary Service Trust 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, Nashville Rotary Service Trust generated $177.6k 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 (9.4%) each year. All expenses for the organization totaled $128.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nashville Rotary Service Trust has awarded 69 individual grants totaling $1,706,350. 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 PROVIDE SUPPORT WITH FUNDING AND VOLUNTEERS TO VARIOUS CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE, MANAGE AND DISTRIBUTE FUNDS TO ORGANIZATIONS ON BEHALF OF THE ROTARY CLUB OF NASHVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Lane Payne President | OfficerTrustee | 1 | $0 |
Richard J Exton Immediate Past President | OfficerTrustee | 0.5 | $0 |
Ken Youngstead Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Lisa Ferrelli Vp/president Elect | OfficerTrustee | 0.5 | $0 |
Olivia Leow Executive Director | Officer | 10 | $0 |
Bob Stokes 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 | $58,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,582 |
| Total Program Service Revenue | $0 |
| Investment income | $48,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $177,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,000 |
| 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 | $3,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,395 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $4,203 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $128,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,636 |
| Savings and temporary cash investments | $25,886 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $1,722,523 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,538 |
| Total assets | $1,829,583 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $94,000 |
| 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 | $3,000 |
| Total liabilities | $97,000 |
| Net assets without donor restrictions | $1,332,812 |
| Net assets with donor restrictions | $399,771 |
| 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 | $1,829,583 |
Grants Awarded
Over the last fiscal year, Nashville Rotary Service Trust has awarded $94,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Nashville, TN PURPOSE: GENERAL SUPPORT | $60,000 |
Nashville, TN PURPOSE: GENERAL SUPPORT | $17,500 |
Nashville, TN PURPOSE: GENERAL SUPPORT | $16,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nashville Rotary Service Trust has recieved totaling $700.
| Awarding Organization | Amount |
|---|---|
American Paper & Twine Company Charitable Trust Nashville, TN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $350 |
American Paper & Twine Company Charitable Trust Nashville, TN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $350 |
Endowment Analysis
| Beg. Balance | $399,771 |
| Ending Balance | $399,771 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Tenn Human Resource Agency Inc Knoxville, TN | $20,466,958 | $48,339,274 |
Middle Georgia Community Action Agency Inc Warner Robins, GA | $16,341,072 | $22,831,076 |
Lions Services Inc Charlotte, NC | $6,497,878 | $15,970,949 |
Gateway Community Services West Liberty, KY | $5,832,121 | $17,974,926 |
East Missouri Action Agency Inc Park Hills, MO | $6,519,330 | $14,431,185 |
Hope House Foundation Inc Norfolk, VA | $8,074,708 | $12,111,448 |
Sertoma Center Inc Knoxville, TN | $10,787,048 | $12,520,977 |
Randolph Community Service Inc Randleman, NC | $1,820,869 | $8,445,154 |
Hoosier Christian Village Inc St Louis, MO | $24,285,430 | $9,852,963 |
Virginia Regional Transit Purcellville, VA | $16,382,383 | $8,231,477 |
Jaars Inc Waxhaw, NC | $12,433,340 | $6,450,483 |
Dannon Project Birmingham, AL | $2,922,674 | $5,792,591 |