Endowment Fund Of The Rotarty Club Of Fort Worth
- Assets
- $1.2m
- Revenue
- $308.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/1982
- Data as of
- 06/2021
- EIN
- 75-1833897
Organization Overview
Endowment Fund Of The Rotarty Club Of Fort Worth is located in Fort Worth, TX. The organization was established in 1982. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Endowment Fund Of The Rotarty Club Of Fort Worth 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 06/2021, Endowment Fund Of The Rotarty Club Of Fort Worth generated $308.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $27.0k during the year ending 06/2021. While expenses have increased by 9.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ENDOWMENT FUND OF THE ROTARY CLUB OF FORT WORTH IS A NOT-FOR-PROFIT CORPORATION FORMED BY THE ROTARY CLUB TO PROVIDE SUPPORT FOR EDUCATIONAL SCHOLARSHIPS, AND OTHER BENEVOLENT CHARITABLE, EDUCATIONAL, CIVIC AND RESEARCH ORGANIZATIONS IN TARRANT COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE SERVICE: THE FUND PROVIDES SUPPORT FOR EDUCATIONAL SCHOLARSHIPS, AND OTHER BENEVOLENT, CHARITABLE, EDUCATIONAL, CIVIC AND RESEARCH ORGANIZATIONS IN TARRANT COUNTY.
ALL OTHER ACCOMPLISHMENTS CHARITABLE SERVICE: FUND PROVIDES ACTIVITIES FOR MILITARY SUPPORT USS FW EXPENSES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Lewis President | OfficerTrustee | 10 | $0 |
Joseph Michels Treasurer | OfficerTrustee | 1 | $0 |
Blake Moorman Vice Preside | OfficerTrustee | 1 | $0 |
Shawn Snell President El | OfficerTrustee | 1 | $0 |
Carlo Capua Immediate Pa | OfficerTrustee | 1 | $0 |
Bill Fairley Sergeant-At | OfficerTrustee | 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 | $15,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,491 |
| Total Program Service Revenue | $0 |
| Investment income | $293,119 |
| 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 | $308,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,826 |
| 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 | $1,699 |
| 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 | $2,500 |
| Total functional expenses | $27,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,054 |
| 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 | $1,210,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,603 |
| Total assets | $1,225,301 |
| 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 | $1,575 |
| Total liabilities | $1,575 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,223,726 |
| 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 | $1,225,301 |
Grants Awarded
Over the last fiscal year, Endowment Fund Of The Rotarty Club Of Fort Worth has awarded $15,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX | | $8,000 |
Fort Worth, TX | | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Endowment Fund Of The Rotarty Club Of Fort Worth has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $898,623 |
| Earnings | $293,119 |
| Net Contributions | $15,491 |
| Other Expense | $22,826 |
| Ending Balance | $1,184,407 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Downtown Fort Worth Inc Fort Worth, TX | $1,699,002 | $9,582,702 |
Texas Retired Teachers Association Austin, TX | $11,866,847 | $5,873,069 |
Childrens Charity Houston, TX | $1,357,156 | $4,121,015 |
Pine-Belt Multi-Purpose Community Action Agency Incorporated Jonesboro, LA | $579,272 | $3,229,420 |
Georgetown Caring Place Georgetown, TX | $4,842,347 | $3,321,334 |
The Onestar Foundation Austin, TX | $2,465,909 | $3,375,276 |
Saheli Austin, TX | $538,210 | $2,600,715 |
Friendship Of Women Brownsville, TX | $941,053 | $2,402,279 |
Greater Waco Collective Impact Initiative Waco, TX | $1,049,789 | $1,541,441 |
Day Resource Center For The Homeless Fort Worth, TX | $352,912 | $2,190,663 |
Golden Pyramid Inc New Orleans, LA | $1,565,604 | $1,755,561 |
Safenet Services Inc Claremore, OK | $6,182,600 | $1,197,565 |