Cupertino Rotary Endowment Foundation
- Assets
- $3.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 09/1991
- Data as of
- 06/2022
- EIN
- 77-0288042
Organization Overview
Cupertino Rotary Endowment Foundation is located in Cupertino, CA. The organization was established in 1991. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Cupertino Rotary Endowment 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 06/2022, Cupertino Rotary Endowment Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $223.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Cupertino Rotary Endowment Foundation has awarded 52 individual grants totaling $1,171,553. 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
PROVIDE FUNDING THROUGH DONATIONS AND GRANTS TO QUALIFIED CHARITABLE,SCIENTIFIC, EDUCATIONAL AND PUBLIC PURPOSE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS PRIMARY OBJECTIVE IS TO ENSURE THE STRENGTH OF THE CUPERTINO ROTARY PROGRAMS FAR INTO THE FUTURE BY CONTRIBUTING LOCALLY AND INTERNATIONALLY TO QUALIFIED CHARITABLE, SCIENTIFIC EDUCATIONAL AND PUBLIC PURPOSE ORGANIZATIONS.FOUR EVENTS HELD: CRAB FEED (ROTARY CLUB OF CUPERTINO FELLOWSHIP), GLOBAL ELEGANCE (FUNDRAISING FOR INTERNATIONAL PROJECTS), DAY AND NIGHT FUN FEST (COMMUNITY CULTURE AND ENTERTAINMENT), GOLF TOURNAMENT (FUNDRAISING FOR SPECIFIC BENEFICIARY AND OTHER LOCAL CHARITABLE PROJECTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine Lucey President | OfficerTrustee | 16 | $0 |
Bill Wilson Vice President | OfficerTrustee | 1 | $0 |
Rose Ann Woolpert Secretary | OfficerTrustee | 2 | $0 |
James Davis Treasurer | OfficerTrustee | 10 | $0 |
Joe Hamilton Club Sdo | Trustee | 1 | $0 |
Jayne Ham At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $102,341 |
| Related organizations | $0 |
| Government grants | $12,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,020,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,134,523 |
| Total Program Service Revenue | $0 |
| Investment income | $64,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,472 |
| Net Income from Fundraising Events | $4,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,173,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $177,129 |
| Grants and other assistance to domestic individuals. | $1,625 |
| 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 | $20,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,004 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $790 |
| 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 | $223,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,813 |
| Savings and temporary cash investments | $252,221 |
| Pledges and grants receivable | $1,225 |
| 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 | $2,771,032 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,150,291 |
| 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 | $262,273 |
| Net assets with donor restrictions | $2,888,018 |
| 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 | $3,150,291 |
Grants Awarded
Over the last fiscal year, Cupertino Rotary Endowment Foundation has awarded $73,293 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Los Altos Hills, CA PURPOSE: College Scholarships | $24,000 |
Livermore, CA PURPOSE: Various charitable activities | $17,363 |
Ashwood, OR PURPOSE: Community Garden Project - An educa | $15,000 |
Milpitas, CA PURPOSE: Rooftop solar for a non-profit camp | $6,000 |
Santa Clara, CA PURPOSE: Support for disabled | $5,680 |
Cupertino, CA PURPOSE: Kid's shopping | $5,250 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Cupertino Rotary Endowment Foundation has recieved totaling $23,885.
| Awarding Organization | Amount |
|---|---|
Community Foundation Santa Cruz County Aptos, CA PURPOSE: EDUCATION/YOUTH DEVELOPMENT | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $6,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,700 |
Forte-Stein Charitable Foundation Sunnyvale, CA PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZATIONS | $1,000 |
Spring Chen Foundation Palo Alto, CA PURPOSE: TO SUPPORT PROJECTS ON LOCAL COMMUNITY & SCHOOL FUNDING. | $425 |
Lijiang Foundation Palo Alto, CA PURPOSE: GENERAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $2,282,069 |
| Earnings | -$395,743 |
| Net Contributions | $1,012,753 |
| Grants | $80,000 |
| Ending Balance | $2,819,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Community Foundation Of San Diego San Diego, CA | $448,399,166 | $106,011,475 |
Valley Of The Sun United Way Phoenix, AZ | $104,098,931 | $79,942,536 |
Orange Countys United Way Irvine, CA | $28,387,789 | $67,720,545 |
Entertainment Industry Foundation Los Angeles, CA | $110,994,468 | $64,821,214 |
Jewish Federation Council Of Greater Los Angeles Los Angeles, CA | $190,865,704 | $43,794,151 |
Aloha United Way Inc Honolulu, HI | $26,512,053 | $42,755,517 |
United Way Inc Los Angeles, CA | $90,203,286 | $68,762,414 |
Opportunity Village Foundation Las Vegas, NV | $82,150,112 | $9,952,519 |
Inland Southern California United Way Rancho Cucamonga, CA | $4,994,163 | $30,713,140 |
Daughters Of Charity Foundation Los Angeles, CA | $457,947,598 | $21,458,667 |
United Way Of The Bay Area San Francisco, CA | $48,210,343 | $41,978,143 |
United Way Of Santa Barbara County Inc Santa Barbara, CA | $15,549,253 | $21,862,789 |