Rotary International
- Assets
- $470.1k
- Revenue
- $436.5k
- Investments
- $308.4k
- Employees
- 2
- Location
- Chattanooga, TN
- Founding
- 08/1942
- Data as of
- 06/2023
- EIN
- 62-0344791
Organization Overview
Rotary International is located in Chattanooga, TN. The organization was established in 1942. 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. As of 06/2023, Rotary International employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rotary International is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Rotary International generated $436.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $486.7k during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE ROTARIANS TO ADVANCE WORLD UNDERSTANDING, GOODWILL, AND PEACE THROUGH THE IMPROVEMENT OF HEALTH, THE SUPPORT OF EDUCATION, AND THE ALLEVIATION OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE ACTIVITIES: CLUB RESOURCES ARE AVAILABLE FOR DONATIONS TO CHARITIES AT THE DISCRETION OF THE BOARD OF DIRECTORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Craig Holley Past President | Trustee | 0.5 | $0 |
Virginia Anne Sharber President | OfficerTrustee | 0.5 | $0 |
Robin B Derryberry 1st Vice President | OfficerTrustee | 0.5 | $0 |
Peterson Hostetler Treasurer | OfficerTrustee | 0.5 | $0 |
Kathryn Cooper Harbison Club Director | Trustee | 0.5 | $0 |
Bernie Miller Club Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $355,425 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,610 |
| Total Program Service Revenue | $0 |
| Investment income | $7,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,034 |
| Net Income from Fundraising Events | -$891 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $436,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $58,362 |
| Compensation of current officers, directors, key employees. | $23,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,021 |
| Payroll taxes | $7,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,100 |
| 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 | $2,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,708 |
| Travel | $12,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $252,397 |
| Interest | $0 |
| Payments to affiliates | $30,939 |
| Depreciation, depletion, and amortization | $127 |
| Insurance | $1,090 |
| All other expenses | $834 |
| Total functional expenses | $486,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,330 |
| Savings and temporary cash investments | $62,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,963 |
| 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 | $369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $308,378 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,859 |
| Total assets | $470,086 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $9,015 |
| 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 | $42,159 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $475 |
| Total liabilities | $51,649 |
| Net assets without donor restrictions | $417,387 |
| Net assets with donor restrictions | $1,050 |
| 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 | $470,086 |