Rotary International
- Assets
- $713.4k
- Revenue
- $79.6k
- Investments
- $275.5k
- Employees
- 0
- Location
- Marshall, TX
- Founding
- 09/1942
- Data as of
- 06/2021
- EIN
- 75-6036282
Organization Overview
Rotary International is located in Marshall, TX. The organization was established in 1942. 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. Rotary International 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 06/2021, Rotary International generated $79.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $95.3k during the year ending 06/2021. While expenses have increased by 5.4% 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 ROTARY CLUB OF MARSHALL IS ONE OF MANY CLUBS, WHO ARE PART OF A CONNECTION WITH ROTARY, AN INTERNATIONAL ORGANIZATION (A GLOBAL NETWORK)OF OVER A MILLION PEOPLE WHO COME TOGETHER TO MAKE POSITIVE,LASTING CHANGE IN COMMUNITIES AND COUNTRIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROTARY CLUB PROMOTES PEACE AND PATRIOTISM BY DEPLOYING U.S. FLAGS FOR SEVEN HOLIDAYS DURING THE YEAR. THIS PAST YEAR APPROXIMATELY 760 FLAGS AT OVER 185 LOCATIONS WERE DISPLAYED. WITH THE FUNDS RAISED FROM THIS PROGRAM MANY SCHOOLS AND OTHER NON-PROFITS BENEFIT. ALSO ROTARY'S PROGRAMS AND PROJECTS (LOCALLY, NATIONALLY AND INTERNATIONALLY) BENEFIT FROM THIS PROGRAM.
THE LARGEST PROJECT OF THE ROTARY CLUB OF MARSHALL IS THE SCHOLARSHIP PROGRAM. THE SEMI-ENDOWMENT PROGRAM ALLOWS THE CLUB TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING TECHNICAL SCHOOLS, COLLEGES, AND UNIVERSITIES. FOR THE YEAR ENDED JUNE 30, 2021 THE CLUB AWARDED SCHOLARSHIPS TO 15 STUDENTS, TOTALING $15,000.
THE CLUB SUPPORTS INTERNATIONAL PROJECTS, AS WELL AS LOCAL ONES THROUGH IT'S FLAG PROGRAM. FOR THE YEAR ENDED JUNE 30, 2021 THE CLUB SENT $6,400 TO THE ROTARY INTERNATIONAL FOUNDATION AND SENT $4,358 TO MISSION MARSHALL (THE LOCAL FOOD PANTRY) TO PROVIDE FOOD FOR THOSE IN NEED. IT ALSO SUPPORTED: FOREIGN MISSION PROJECTS - $40,200; THE LOCAL LITERACY ORGANIZATION AND PROVIDED DICTIONARIES TO THIRD GRADE STUDENTS IN THE COUNTY - $1,466; SUPPORTED ROTARY PROGRAMS, SUCH AS RYLA - $1,050, THE BACKPACK (STUDENTS FOOD)PROGRAM $1,000- AND OTHER PROJECTS AND PROGRAMS - $750.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Luce President | Officer | 0 | $0 |
Jeff Henderson Treasurer | Officer | 0 | $0 |
Robert Coleman Secretary | Officer | 0 | $0 |
Louraiseal Mcdonald Membership Chair | Trustee | 0 | $0 |
Ted Huffhines Rotary Foundation Chair | Trustee | 0 | $0 |
Keith Feille Flag Program Chair | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,045 |
| Fundraising events | $0 |
| Related organizations | $21,779 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,414 |
| Total Program Service Revenue | $19,250 |
| Investment income | $19,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| 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 | $369 |
| Advertising and promotion | $0 |
| Office expenses | $1,797 |
| 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 | $7,360 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $16,329 |
| Total functional expenses | $95,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,697 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,805 |
| 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 | $343,361 |
| Investments—other securities | $275,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $713,378 |
| Accounts payable and accrued expenses | $2,612 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $759 |
| 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 | $3,371 |
| Net assets without donor restrictions | $710,007 |
| 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 | $713,378 |
Endowment Analysis
| Beg. Balance | $496,620 |
| Earnings | $19,129 |
| Grants | $15,000 |
| Ending Balance | $500,749 |
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