Woodlands Rotary Club Foundation
- Assets
- $1.0m
- Revenue
- $318.0k
- Investments
- $0.0
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 68-0586779
Organization Overview
Woodlands Rotary Club Foundation is located in The Woodlands, TX. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodlands Rotary Club 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 06/2022, Woodlands Rotary Club Foundation generated $318.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $197.8k during the year ending 06/2022. While expenses have increased by 16.0% per year over the past 7 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.
Since 2016, Woodlands Rotary Club Foundation has awarded 16 individual grants totaling $552,524. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE AND GROW FUNDS TO MAKE AVAILABLE CHARITABLE FUNDING FOR QUALIFIED BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THE ROTARY MOTTO OF "SERVICE ABOVE SELF" IN MIND, MEMBERS OF THE WOODLANDS ROTARY CLUB REVIEW HIGH SCHOOL AND LONE STAR COLLEGE APPLICATIONS AND INTERVIEW THE APPLICANTS TO DETERMINE SCHOLARSHIP WINNERS. THE WINNERS NOT ONLY EXEMPLIFY "SERVICE ABOVE SELF", THEY ALSO DEMONSTRATE STRONG ACADEMIC ACCOMPLISHMENT AND HAVE RISEN ABOVE AND BEYOND ADVERSE LIFE SITUATIONS. CONSIDERATION IS GIVEN TO FINANCIAL CIRCUMSTANCES AND THE POTENTIAL OF THE APPLICANT TO ADVANCE THEIR PERSONAL OPPORTUNITIES.
ROTARY HOUSE
RECOGNIZING THAT THE WOODLANDS AREA IS THE SECOND LARGEST MEDICAL CENTER OUTSIDE THE TEXAS MEDICAL CENTER, THE MEMBERS OF THE ROTARY CLUB OF THE WOODLANDS CREATED ROTARY HOUSE THE WOODLANDS, A SEPARATE 501C3. THE GOAL IS TO OFFER 3 FULLY FURNISHED APARTMENTS FOR UP TO 90 DAYS TO FINANCIALLY LIMITED PATIENTS AND/OR FAMILY MEMBERS OF PATIENTS RECEIVING CARE AND TREATMENT AT ONE OF THE LOCAL HEALTH FACILITIES AND LIVE OVER 25 MILES FROM THE FACILITY. FAMILIES HAVE COME FOR CARE OF PREMATURE BABIES, CANCER TREATMENT, TRAUMA CARE AND REHABILITATION. THEY COME FROM ALL OVER TEXAS - HUNTSVILLE, BISHOP, DALLAS, COLLEGE STATION, BEAUMONT - AND THE UNITED STATES - MAINE, FLORIDA, AND LOUISIANA. THE COST IS A FLAT CLEANING FEE OF $130 REGARDLESS OF THE LENGTH OF STAY. FOR FAMILIES WHO HAVE SHORTER STAYS, ROTARY HOUSE HAS A CONTRACT WITH HOMEWOOD SUITED TO UNDERWRITE THE COST TO STAY THERE. THE MEMBERS OF THE ROTARY CLUB OF THE WOODLANDS UNDERWRITE THE COST OF THESE HOUSING OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Brown President | OfficerTrustee | 0 | $0 |
Bill Friebel Secretary | OfficerTrustee | 0 | $0 |
Jeff Early Treasurer | OfficerTrustee | 0 | $0 |
Ann Wolford Board Member | Trustee | 0 | $0 |
Clay Mccollor Board Member | Trustee | 0 | $0 |
Judy Olson Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $900 |
| Fundraising events | $277,730 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,987 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,617 |
| Total Program Service Revenue | $0 |
| Investment income | $9,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,753 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $154,348 |
| Grants and other assistance to domestic individuals. | $35,000 |
| 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 | $1,000 |
| 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 | $0 |
| 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 | $197,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,704 |
| Savings and temporary cash investments | $166,993 |
| 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 | $321,732 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,024,429 |
| 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 | $0 |
| 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 | $1,024,429 |
| Total liabilities and net assets/fund balances | $1,024,429 |
Grants Awarded
Over the last fiscal year, Woodlands Rotary Club Foundation has awarded $108,697 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY HOUSE PURPOSE: COMMUNITY ASSISTANCE FOR EXTENDED STAY HOUSING FOR MEDICAL PATIENTS AND THEIR FAMILIES. | $78,450 |
ROTARY FOUNDATION PURPOSE: RAH CHRISTMAS PROJECT | $23,344 |
SODEXO STOP HUNGER FOUNDATION INC PURPOSE: GENERAL ASSISTANCE | $6,903 |