Rotary Club Of The Villages Foundation Inc
- Assets
- $359.3k
- Revenue
- $131.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lady Lake, FL
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 59-3750165
Organization Overview
Rotary Club Of The Villages Foundation Inc is located in Lady Lake, FL. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. Rotary Club Of The Villages 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, Rotary Club Of The Villages Foundation Inc generated $131.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $133.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
ENGAGE IN PERIODIC FUNDRAISING ACTIVITIES AND EVENTS IN ORDER TO PROVIDE SCHOLARSHIP PROGRAMS FOR DESERVING STUDENTS FROM AREA HIGH SCHOOLS, SUPPORT TO LOCAL SCHOOL & SHELTER PROGRAMS AND VARIOUS RELIEF EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER 20 POST SECONDARY SCHOLARSHIPS PRESENTED TO GRADUATES FROM LOCAL HIGH SCHOOLS
COMMUNITY SERVICE-ASSISTANCE GIVEN TO 1 AREA FOOD PANTRY, VILLAGES SCHOOLS, LAKE AND SUMTER COUNTIES CHILDREN'S SUPPORT ORGANIZATIONS, OTHER LOCAL ADULT AND CHILDREN'S CHARITABLE PROGRAMS.
ROTARY INTERNATIONAL PROJECTS - INTERNATIONAL RELIEF EFFORTS,CAMPS,SHELTER BOXES AND OTHER ROTARY DISTRICT 6980 CHARITABLE PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glynda Rogers Treasurer | OfficerTrustee | 8 | $1,200 |
Earl Cherubini President/chairman | OfficerTrustee | 10 | $0 |
Eric Hutchens Asst Secretary | OfficerTrustee | 1 | $0 |
Stephanie Fernung Vice President | OfficerTrustee | 1 | $0 |
Joann Murphy Secretary | OfficerTrustee | 1 | $0 |
Scott Sander 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 | $53,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,109 |
| Total Program Service Revenue | $0 |
| Investment income | $7,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,380 |
| Net Income from Fundraising Events | $67,925 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,238 |
| Grants and other assistance to domestic individuals. | $46,284 |
| 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 | $1,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,707 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $189 |
| 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 | $132,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,045 |
| Savings and temporary cash investments | $6,997 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $281,638 |
| Intangible assets | $0 |
| Other assets | $2,572 |
| Total assets | $359,252 |
| 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 | $359,252 |
| Total liabilities and net assets/fund balances | $359,252 |
Grants Awarded
Over the last fiscal year, Rotary Club Of The Villages Foundation Inc has awarded $27,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: HUMANITARIAN AID & RELIEF | $15,000 |
Fort Lauderdale, FL PURPOSE: LOW INCOME YOUTH EDUCATION | $12,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |