Saratoga Rotary Charitable Foundation
- Assets
- $2.3m
- Revenue
- $209.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 03/2003
- Data as of
- 06/2024
- EIN
- 68-0538060
Organization Overview
Saratoga Rotary Charitable Foundation is located in Saratoga, CA. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, 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. Saratoga Rotary Charitable Foundation 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 06/2024, Saratoga Rotary Charitable Foundation generated $209.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $80.4k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Saratoga Rotary Charitable Foundation has awarded 19 individual grants totaling $207,124. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
GRANT FUNDS TO CHARITABLE, EDUCATIONAL AND OTHER NONPROFIT ORGANIZATIONS. THE FOUNDATION GRANTS SUPPORT REQUESTS FOR CAPITAL NEEDS AND ONE-TIME SPECIAL EXPENSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS TO 1 YOUTH SERVICES ACTIVITIES INCLUDE SCHOLARSHIPS OF 15K TO HIGH SCHOOL SENIORS AND LOCAL COLLEGE STUDENTS 10-12 ROTARY YOUTH LEADERSHIP TRAINING SPONSORSHIPS 6-10 ENTREPRENEURIAL LEADERSHIP CONFERENCE SPONSORSHIPS DONATION OF 3600 BOOKS TO READ ACROSS AMERICA OVER THE YEARS 10 STUDENTS BACK TO SCHOOL HELP CAREER CONVERSATIONS AND MENTORSHIP FOR UNDERPRIVILEGED STUDENTS. 2 COMMUNITY SERVICES ACTIVITIES INCLUDE DISTRIBUTING 10K-30K MEALS TO HUNGRY STUDENTS AND RISE AGAINST HUNGER INTERNATIONALLY PURCHASING AND PACKING 600 CARE PACKAGES TO 300 ACTIVE-DUTY SERVICE MEN AND WOMEN PROVIDING BREAKFASTS TO LOCAL SCHOOLS AND CONDUCTING COMMUNITY CLEANUP. 3 GRANTS AWARDED TO 12 TO 20 COMMUNITY PARTNERS IN THE FIELDS OF A HEALTHCARE AND MEDICAL, B COMMUNITY WELFARE, C ELDER CARE, D EDUCATION, E ART, CULTURE AND NATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Prevot CEO | Officer | 2 | $0 |
Terrie Creamer CFO | Officer | 2 | $0 |
Marci Nomiura Secretary | Officer | 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 | $95,003 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,003 |
| Total Program Service Revenue | $0 |
| Investment income | $54,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,316 |
| 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. | $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 | $3,800 |
| 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 | $996 |
| 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 | $80,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,336 |
| Savings and temporary cash investments | $0 |
| 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 | $2,036,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,337,098 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,224 |
| 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 | $10,224 |
| Net assets without donor restrictions | $290,112 |
| Net assets with donor restrictions | $2,036,762 |
| 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 | $2,337,098 |
Grants Awarded
Over the last fiscal year, Saratoga Rotary Charitable Foundation has awarded $24,289 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BILL WILSON CENTER PURPOSE: Furniture for reception area | $5,000 |
SOUTH BAY MUSIAL THEATRE PURPOSE: Audio mixer | $6,789 |
ASSISTANCE LEAGUE OF LOS GATOS-SARATOGA PURPOSE: School bell operation | $5,000 |
WALDEN WEST FOUNDATION PURPOSE: Bird blind for wildlife observation | $7,500 |