Rotary Club Of St Thomas Foundation Inc

Organization Overview

Rotary Club Of St Thomas Foundation Inc is located in St Thomas, VI. The organization was established in 2013. 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 St Thomas 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 12/2022, Rotary Club Of St Thomas Foundation Inc generated $39.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $20.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (32.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

A FOUNDATION TO ASSIST THE ROTARY CLUB OF ST THOMAS TO PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS IN NEED AND DONATIONS TO VARIOUS OTHER CHARITABLE ORGANIZATION AND PUBLIC SCHOOLS TO ENHANCE THE EDUCATIONAL, PHYSICAL, SOCIAL, CULTURAL AND ENVIORNMENTAL WELL BEING OF THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACADEMIC SCHOLARSHIPS PROVIDED TO DESERVING STUDENTS IN NEED.


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Board, Officers & Key Employees

Name (title)Compensation
John DE Jongh Jr
Treasurer
$0
Lawrence Benjamin
Director
$0
Susan Seipel
Director
$0
Lisa Marshall
Director
$0
Sus Boland
Secretary
$0
Mikhail Shamkim
Director
$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$7,680
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,680
Total Program Service Revenue$0
Investment income $29,200
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,696
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $39,576

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