Pell City Rotary Club Foundation
- Assets
- $771.6k
- Revenue
- $145.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Pell City, AL
- Founding
- 08/1999
- Data as of
- 06/2019
- EIN
- 72-1376399
Organization Overview
Pell City Rotary Club Foundation is located in Pell City, AL. The organization was established in 1999. 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. Pell City 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 06/2019, Pell City Rotary Club Foundation generated $145.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $26.2k during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE LOCAL COMMUNITY FINANCIALLY BY DEVELOPING, PROMOTING, AND IMPLEMENTING FUNDRAISERS AND CONTRIBUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DEVELOPED, PROMOTED, AND IMPLEMENTED A CHARITABLE GOLF TOURNAMENT FOR THE PURPOSE OF FINANCIALLY SUPPORTING CERTAIN 501(C)(3) ORGANIZATIONS WHOSE ACTIVITIES MEET THE CRITERIA OF 501(C)(3) PURPOSES. THE FOUNDATION DONATED TO APPROXIMATELY 11 ORGANIZATIONS 7,500 DURING THE FISCAL YEAR ENDED JUNE 30, 2018.
THE FOUNDATION AWARDED 12,500 AMONG 9 RECIPIENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2019. FOUNDATION CHECKS ARE MADE PAYABLE TO THE RECIPIENT AND THE COLLEGE OR UNIVERSITY OF THE RECIPIENT'S CHOICE. THE FOUNDATION DOES NOT PARTICIPATE IN THE PROMOTION OR SELECTION PROCESS. THIS FUNCTION HAS BEEN DELEGATED TO THE PELL CITY HIGH SCHOOL. HOWEVER, THE FOUNDATION'S POLICY IS THAT NO ROTARY CLUB MEMBER NOR ANY OF HIS/HER RELATIVES MAY BE THE RECIPIENT OF ANY SUCH AWARD OR SCHOLARSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Clements President | OfficerTrustee | 5 | $0 |
Don Smith President El | OfficerTrustee | 5 | $0 |
Gay Blackwell Secretary | OfficerTrustee | 5 | $0 |
John Rea Vice Preside | OfficerTrustee | 5 | $0 |
Joe Allinder Treasurer | OfficerTrustee | 5 | $0 |
Matthew Pope Past Preside | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,811 |
| Investment income | $4,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,736 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,383 |
| Statement of Expenses | |
|---|---|
| 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 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 | $155 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| 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 | $26,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,565 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $624,076 |
| Total assets | $771,641 |
| 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 | $102,544 |
| Total liabilities | $102,544 |
| Net assets without donor restrictions | $669,097 |
| 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 |
| Total liabilities and net assets/fund balances | $669,097 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pell City Rotary Club Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |