Brazosport Rotary Club Charitable Foundation Inc
- Assets
- $455.2k
- Revenue
- $162.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Jackson, TX
- Founding
- 02/1994
- Data as of
- 06/2024
- EIN
- 76-0363279
Organization Overview
Brazosport Rotary Club Charitable Foundation Inc is located in Lake Jackson, TX. The organization was established in 1994. 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. Brazosport Rotary Club Charitable 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 06/2024, Brazosport Rotary Club Charitable Foundation Inc generated $162.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $193.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Brazosport Rotary Club Charitable Foundation Inc has awarded 40 individual grants totaling $480,792. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
BRAZOSPORT ROTARY CLUB CHARITABLE FOUNDATION, INC. IS AN ORGANIZATION CREATED TO PROVIDE FUNDS FOR CHARITABLE GIVING BY THE BRAZOSPORT ROTARY CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFETY TOWN IS A PROGRAM TO TEACH SMALL CHILDREN SAFETY ISSUES SUCH AS CROSSING THE STREET, GETTING HELP FROM FIRE AND POLICE PERSONNEL, ETC. THE PROGRAM IS CONDUCTED IN THE SUMMER FOR CHILDREN STARTING SCHOOL FOR THE FIRST TIME IN ELEMENTARY SCHOOL PARKING LOTS.
THE FOUNDATION GIVES THE MAJORITY OF ITS INCOME TO LOCAL CHARITABLE ORGANIZATIONS, SCHOLARSHIPS TO EDUCATIONAL INSTITUTIONS ON BEHALF OF QUALIFYING INDIVIDUALS AND OTHER ORGANIZATIONS IN THE UNITED STATES.
THE FOUNDATION FUNDS TRIPS OUT OF THE COUNTRY TO PROVIDE HEALTHCARE, ESPECIALLY EYECARE, TO TH EPOOR OF FOREIGN COUNTRIES. THE FUNDING IS PROVIDED TO QUALIFYING ORGANIZATIONS IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Elbert President | OfficerTrustee | 2 | $0 |
Harold Nichol President Elect | OfficerTrustee | 2 | $0 |
Barbara Franklin Treasurer | OfficerTrustee | 2 | $0 |
Lisa Vernor Secretary | OfficerTrustee | 2 | $0 |
Keith Frank Membership | OfficerTrustee | 2 | $0 |
Lisa Pauls Foundation | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,714 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,749 |
| Noncash contributions included in lines 1a–1f | $7,020 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,463 |
| Total Program Service Revenue | $18,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,657 |
| Net Income from Gaming Activities | $29,893 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,100 |
| Grants and other assistance to domestic individuals. | $43,400 |
| 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 | $4,355 |
| 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 | $524 |
| 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 | $6,831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,400 |
| Insurance | $0 |
| All other expenses | $10,017 |
| Total functional expenses | $193,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,305 |
| Savings and temporary cash investments | $190,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,600 |
| 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 | $12,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $455,205 |
| Accounts payable and accrued expenses | $44,992 |
| 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 | $1,231 |
| Total liabilities | $46,223 |
| Net assets without donor restrictions | $408,982 |
| 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 | $455,205 |
Grants Awarded
Over the last fiscal year, Brazosport Rotary Club Charitable Foundation Inc has awarded $25,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GUERRERO CRYSTAL FOUNDATION PURPOSE: GENERAL PURPOSES | $10,000 |
ROTARY INTERNATIONAL FOUNDATI PURPOSE: GENERAL PURPOSES | $15,100 |