Rotary International
- Assets
- $33.2k
- Revenue
- $77.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Magnolia, AR
- Founding
- 09/1966
- Data as of
- 06/2024
- EIN
- 71-6066055
Organization Overview
Rotary International, operating under the name Magnolia Rotary Club, is located in Magnolia, AR. The organization was established in 1966. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Magnolia Rotary Club 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 06/2024, Magnolia Rotary Club generated $77.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $80.8k during the year ending 06/2024. While expenses have increased by 2.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE GOODWILL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE MAGNOLIA ROTARY CLUB IS TO PROMOTE GOODWILL AND BETTER RELATIONS AMONG PEOPLE ON LOCAL, NATIONAL AND INTERNATIONAL LEVELS. ADDITIONALLY, THE MAGNOLIA ROTARY CLUB HELPS THE DISADVANTAGED WHILE PROMOTING AND ENCOURAGING YOUTH.EVERY WEEK, THE MAGNOLIA ROTARY CLUB HAS TWO HIGH SCHOOL STUDENT GUESTS. THESE GUESTS KEEP THE CLUB INFORMED ABOUT WHAT GOES ON AT THE LOCAL HIGH SCHOOL. IN TURN, THE CLUB GIVES THEM EXPERIENCE IN BEING AROUND A LARGE GROUP OF ADULTS AS WELL AS GIVING THEM A FREE MEAL.EVERY WEEK, THE CLUB HAS A GUEST SPEAKER. THESE SPEAKERS HELP EDUCATE THE CLUB ABOUT CULTURAL, HOSPICE, GOVERNMENTAL, AND COMMUNITY DEVELOPMENT ACTIVITIES. THE SPEAKERS, IN TURN, GAIN EXPOSURE ABOUT THEIR VAROUS ENDEAVORS.DURING THE YEAR, MANY MEMBERS OF THE CLUB HAVE VOLUNTARILY DONATED TO A CLUB SCHOLARSHIP FOR HELPING DESERVING COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Simpson Director | Trustee | 4 | $0 |
Daniel Mcdermott Director | Trustee | 4 | $0 |
Donnarae Powell Director | Trustee | 4 | $0 |
Billie Dadgar Director | Trustee | 4 | $0 |
Debbie Partee Director | Trustee | 4 | $0 |
Steve Kincaid Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $65,068 |
| Fundraising events | $10,220 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,794 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,583 |
| 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 | $0 |
| 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 | $2,011 |
| Information technology | $734 |
| 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 | $5,367 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $12,014 |
| Total functional expenses | $80,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,152 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,152 |
| 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 | $33,152 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $33,152 |