Rotary Club Of Lubbock Foundation
- Assets
- $1.1m
- Revenue
- $455.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 08/1998
- Data as of
- 06/2023
- EIN
- 75-2765212
Organization Overview
Rotary Club Of Lubbock Foundation is located in Lubbock, TX. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Lubbock 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 06/2023, Rotary Club Of Lubbock Foundation generated $455.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.3% each year . All expenses for the organization totaled $84.1k during the year ending 06/2023. While expenses have increased by 9.9% per year over the past 4 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 2020, Rotary Club Of Lubbock Foundation has awarded 15 individual grants totaling $208,931. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE TAX YEAR THE FOUNDATION DONATED FUNDS TO 3 SEPARATE 501(C)(3) CHARITABLE ORGANIZATIONS.
DURING THE TAX YEAR THE FOUNDATION GAVE $1,000 PER SEMESTER COLLEGE SCHOLARSHIPS TO 3 DIFFERENT GRADUATING HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monte Monroe President | 1 | $0 | |
Greg Moore Treasurer | 1 | $0 | |
Ron Chandler Grant Coordinator | 1 | $0 | |
Sam Dunn Director | 1 | $0 | |
Charles Key Director | 1 | $0 | |
Ben Lock Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,886 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $384,006 |
| Capital Gain Net Income | $384,006 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $455,158 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $287 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,864 |
| Contributions, gifts, grants paid | $67,195 |
| Total expenses and disbursements | $84,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,624 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,065,980 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Lubbock Foundation has awarded $67,195 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FRENSHIP FOUNDATION FOR LEADERSHIP PURPOSE: TO PROVIDE SUPPLEMENTAL FUNDING FOR EDUCATIONAL PROGRAMS AND INITIATIVES TO FURTHER ENRICH STUDENT LEARNING IN THE FRENSHIP INDEPENDENT SCHOOL DISTRICT. | $20,176 |
SOUTH PLAINS FOOD BANK PURPOSE: FOR GENERAL PURPOSES IN AIDING TO FEED THE HUNGRY OF THE SOUTH PLAINS. | $30,000 |
LISD FOUNDATION FOR EXCELLENCE PURPOSE: TO PROVIDE SUPPLEMENTAL FUNDING FOR EDUCATIONAL PROGRAMS AND INITIATIVES TO FURTHER ENRICH STUDENT LEARNING IN THE LUBBOCK INDEPENDENT SCHOOL DISTRICT | $11,019 |
ANSLEY AGUILAR PURPOSE: SCHOLARSHIP | $2,000 |
MAKYIA JACKSON PURPOSE: SCHOLARSHIP | $2,000 |
SARAH KILGORE PURPOSE: SCHOLARSHIP | $2,000 |