Boca Raton Rotary Fund Inc
- Assets
- $623.5k
- Revenue
- $343.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 01/1963
- Data as of
- 06/2022
- EIN
- 59-6151047
Organization Overview
Boca Raton Rotary Fund Inc is located in Boca Raton, FL. The organization was established in 1963. According to its NTEE Classification (S82) the organization is classified as: Mens 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. Boca Raton Rotary Fund 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, Boca Raton Rotary Fund Inc generated $343.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $377.8k during the year ending 06/2022. 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 PURPOSE OF THIS CORPORATION IS TO RECEIVE AND ADMINISTER FUNDS FOR SCIENTIFIC, EDUCATIONAL, CHARITABLE AND CIVIC PURPOSES, ALL FOR THE PUBLIC WELFARE, WITH EMPHASIS ON ACTIVITIES IN THE GREATER BOCA RATON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE PROVIDED TO STUDENTS IN NEED.
OTHER PROGRAMS SUPPORTED INCLUDED ENCOURAGEMENT OF LOCAL STUDENTS, LAPTOPS, FLORENCE FULLER CHILD DEVELOPMENT CENTER, CAT ISLAND ORHPHANAGE,FUTURE STARTS, CULTURAL ARTS, AND OTHER COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Davis Director | Trustee | 2 | $0 |
Dennis Frisch Diector | Trustee | 2 | $0 |
Vanessa Havener Director | Trustee | 2 | $0 |
Neil Saffer Director | Trustee | 2 | $0 |
Spencer Siegel Director | Trustee | 2 | $0 |
Gary Hildebrand Director | Officer | 2 | $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 | $179,439 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,439 |
| Total Program Service Revenue | $0 |
| Investment income | $212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $163,499 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,561 |
| Grants and other assistance to domestic individuals. | $248,122 |
| 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 | $10,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,299 |
| Office expenses | $3,851 |
| 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 | $23,551 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,651 |
| Total functional expenses | $377,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,027 |
| Savings and temporary cash investments | $264,462 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $623,489 |
| 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 | $623,489 |
| 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 | $623,489 |
Grants Awarded
Over the last fiscal year, Boca Raton Rotary Fund Inc has awarded $53,861 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOCA WEST COMMUNITY CHARITABLE FOUN PURPOSE: CONTRIBUTION | $26,800 |
CAT ISLAND ORPHANAGE | | | $27,061 |