Ponte Vedra Beach Rotary Foundation Inc
- Assets
- $257.3k
- Revenue
- $147.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ponte Vedra Beach, FL
- Founding
- 01/1986
- Data as of
- 06/2022
- EIN
- 59-2566435
Organization Overview
Ponte Vedra Beach Rotary Foundation Inc is located in Ponte Vedra Beach, FL. The organization was established in 1986. 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. Ponte Vedra Beach Rotary 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, Ponte Vedra Beach Rotary Foundation Inc generated $147.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $127.0k during the year ending 06/2022. While expenses have increased by 14.5% 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
THE PONTE VEDRA BEACH ROTARY FOUNDATIONS, INC SHALL BE TO OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES. THE FOUNDATION'S PURPOSE IS TO ACCEPT, HOLD, INVEST, RE-INVEST AND ADMINISTER ANY GIFTS, BEQUESTS, BENEFITS OF TRUSTS, AND PROPERTY TO USE AND APPLY THE PROCEEDS OR INCOME FOR CHARITABLE, HUMANITARIAN, LITERARY, EDUCATIONAL OR SCIENTIFIC PURPOSES DIRECTLY OR INDIRECTLY BY CONTRIBUTIONS TO INDIVIDUALS OR ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1-ROTARIAN'S ANNUAL EVENT IS CELEBRATING OUR YEARLY ACCOMPLISHMENTS, HONORING AND RECOGNIZING KEY LEADERSHIP AND ACHIEVERS AND ALSO RECOMMITTING TO OUR CLUB AND THE WORK WE ALL DO IN OUR COMMUNITY.2-WATER PROJECT - ROTARY CLUB PARTNERED WITH LOCAL ORGANIZATIONS AND UNIVERSITY OF NORTH FLORIDA COLLEGE OF ENGINEERING TO DESIGN AND CONSTRUCT A WATER SYSTEM FOR 120 HOUSEHOLDS IN GUATEMALA. 3-LOCAL HEROS AWARDS - FOR INDIVIDUALS WHO GO ABOVE AND BEYOND, MAKING A VITAL IMPACT ON THE LOCAL COMMUNITY AND MIGRANT WORKERS EVENT PROVIDING DINNER AND CLOTHING DONATIONS FOR LABORERS IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eda Edgerton Past Treasurer | OfficerTrustee | 4 | $0 |
Christopher Scully Secretary | OfficerTrustee | 4 | $0 |
Ashley Dopf Chairman | OfficerTrustee | 4 | $0 |
Debra Smith Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $56,266 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,266 |
| Total Program Service Revenue | $0 |
| Investment income | $3,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $87,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,500 |
| Grants and other assistance to domestic individuals. | $2,598 |
| 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 | $284 |
| 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 | $45,575 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $126,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,194 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $189,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,268 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $257,268 |
| Total liabilities and net assets/fund balances | $257,268 |
Grants Awarded
Over the last fiscal year, Ponte Vedra Beach Rotary Foundation Inc has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL ON AGING PURPOSE: CHARITABLE | $10,000 |
TOM COUGHLIN JAY FUND PURPOSE: CHARITABLE | $7,500 |