Rotary District 6990 Foundation Inc
- Assets
- $42.8k
- Revenue
- $193.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Pompano Beach, FL
- Founding
- 09/1996
- Data as of
- 06/2023
- EIN
- 65-0651579
Organization Overview
Rotary District 6990 Foundation Inc is located in Pompano Beach, FL. The organization was established in 1996. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary District 6990 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 06/2023, Rotary District 6990 Foundation Inc generated $193.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $182.5k during the year ending 06/2023. While expenses have increased by 15.2% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROTARY DISTRICT 6990 CHARITABLE DONATION-DISASTER ENDEAVORS-HAIRI, SUFSIDE ALL TO OTHER ROTARY CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kesti District Gov | 10 | $0 | |
Bruce Gerstenfeld Treasurer | 10 | $0 | |
Barbara Gobbi District Gov | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $193,918 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $193,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,597 |
| Total operating and administrative expenses | $50,597 |
| Contributions, gifts, grants paid | $131,927 |
| Total expenses and disbursements | $182,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,780 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,780 |
| Accounts payable and accrued expenses | $23,233 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,233 |
Grants Awarded
Over the last fiscal year, Rotary District 6990 Foundation Inc has awarded $44,399 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GULF COAST DISASTER RELIEF DAF 608 PURPOSE: HURRICANE HARVEY RELIEFHURRICANE HARVEY RELIEF | $7,409 |
BIG PINE & LOWER KEYS ROTARY CLUB PURPOSE: HURRICANE IRMA RELIEF | $3,000 |
ROTARY CLUB OF KEY WEST FOUNDATION PURPOSE: HURRICANE IRMA RELIEF | $10,000 |
THE ROTARY 1090 FOUNDATION PURPOSE: HURRICANE MARIA RELIEF | $6,990 |
ROTARY CLUB OF THE UPPER KEYS FOUNDATION PURPOSE: HURRICANE IRMA RELIEF | $7,000 |
ROTARY FOUNDATION DAF PURPOSE: HURRICANE IRMA RELIEF | $5,000 |