Arlington Rotary Foundation Inc
- Assets
- $1.7m
- Revenue
- $270.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 02/1997
- Data as of
- 06/2022
- EIN
- 75-2676475
Organization Overview
Arlington Rotary Foundation Inc is located in Arlington, TX. The organization was established in 1997. 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. Arlington Rotary Foundation Inc 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, Arlington Rotary Foundation Inc generated $270.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $103.4k during the year ending 06/2022. While expenses have increased by 5.4% 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 2018, Arlington Rotary Foundation Inc has awarded 14 individual grants totaling $139,225. 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
TO PROVIDE EDUCATION OPPORTUNITIES FOR YOUTH BY PROVIDING SCHOLARSHIPS FOR HIGHER EDUCATION, CAMPS, SUPPLIES, BOOKS, AND OTHER EDUCATION TOOLS TO ELEMENTARY AND SECONDARY LEVEL CHILDREN IN NEED.TO PROVIDE OTHER ASSISTANCE FOR HEALTH AND DENTAL CARE TO UNDERPRIVILEGED MEMBERS OF THE COMMUNITY.TO ASSIST UNKNOWN NEEDS IN THE FUTURE OF CITY AGENCIES (I.E. PARKS), SCHOOL DISTRICTS (VARIOUS HANDICAPPED EQUIPMENT) AND OTHERS IN NEED OF ASSISTANCE.TO PROVIDE FOR CHARITABLE REQUIREMENTS AS MIGHT ARISE FOR THE NEEDS OF THE CITIZENS AND RESIDENTS OF NORTH TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE AND OTHER HIGHER EDUCATIONAL SCHOLARSHIPS TO GRADUATES OF HIGH SCHOOLS IN THE ARLINGTON, TEXAS INDEPENDENT SCHOOL DISTRICT.
HERO'S RUN-GRANTS TO MILITARY VETERANS', POLICE AND FIRE ORGANIZATIONS
CASH GRANTS TO ARLINGTON IND SCHOOL DISTRICT FOR PURCHASE E-BOOKS AND E-READERS FOR WEBB ELEMENTARY SCHOOL AND ALSO TO FUND GRANT IN SUPPORT FUTURE INITIATIVES PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Virden III Treasurer | Officer | 0 | $0 |
Tom Thompson Director | Trustee | 0 | $0 |
Susie Mcalister Director | Trustee | 0 | $0 |
Gloria Pena Director | Trustee | 0 | $0 |
Victoria Fryer-Myers Director | Trustee | 0 | $0 |
Val Gibson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,410 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,258 |
| Total Program Service Revenue | $0 |
| Investment income | $214,133 |
| 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 | $270,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,943 |
| Grants and other assistance to domestic individuals. | $66,493 |
| 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 | $10 |
| 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 | $103,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,338 |
| Savings and temporary cash investments | $1,573 |
| 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 | $1,654,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,666,015 |
| 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 | $254,617 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,411,398 |
| Total liabilities and net assets/fund balances | $1,666,015 |
Grants Awarded
Over the last fiscal year, Arlington Rotary Foundation Inc has awarded $25,120 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DAN DIPERT CAREER CENTER-AISD PURPOSE: STUDENT SUPPORT/UNIFORMS | $11,000 |
VETERANS PARK GRANT PURPOSE: SUPPORT FOR VETERANS MEMORIAL | $7,500 |
ARLINGTON POLICE & FIRE DEPT PURPOSE: POLICE & FIRE CHARITABLE PURPOSES | $6,620 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Arlington Rotary Foundation Inc has recieved totaling $7,548.
| Awarding Organization | Amount |
|---|---|
Ben And Mary Frances Doskocil Foundation Arlington, TX PURPOSE: GENERAL USE | $5,000 |
Ben And Mary Frances Doskocil Foundation Arlington, TX PURPOSE: GENERAL USE | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |