Visalia Rotary Community Foundation
- Assets
- $6.9m
- Revenue
- $776.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Visalia, CA
- Founding
- 12/1996
- Data as of
- 06/2022
- EIN
- 77-0294270
Organization Overview
Visalia Rotary Community Foundation is located in Visalia, CA. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community 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. Visalia Rotary Community 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, Visalia Rotary Community Foundation generated $776.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $586.4k during the year ending 06/2022. While expenses have increased by 13.4% 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 2017, Visalia Rotary Community Foundation has awarded 46 individual grants totaling $1,170,419. 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 GIVE BACK TO THE VISALIA COMMUNITY THROUGH GRANTS TO LOCAL CHARITIES AND SCHOLARSHIPS TO LOCAL INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISALIA ROTARY COMMUNITY FOUNDATION GRANTED FUNDS TO THE TULARE COUNTY HOPE FOR THE HOMELESS, VISALIA PLAYERS, VISALIA FRIENDS OF THE FOX THEATER, GOLDEN STATE YMCA, VISALIA EMERGENCY AID COUNCIL, TULARE COUNTY CHILD ABUSE PREVENTION COUNCIL, ARTS VISALIA, HAPPY TRAILS RIDING ACADEMY, IMAGINE U AND THE SAMARITAN CENTER. THE FOUNDAION ALSO REMODELED THE ROTARY THEATER WHICH IS LOCATED ON THE REDWOOD HIGH SCHOOL CAMPUS. IT CONTINUED PROVIDING THE RESPITE HOUSE TO KAWEAH HEALTH AT NO CHARGE.
DURING THE FISCAL YEAR VISALIA ROTARY COMMUNITY FOUNDATION PROVIDED SCHOLARSHIPS TO GRADUATING SENIORS OF LOCAL HIGH SCHOOLS TO ATTEND SECONDARY AND VOCATIONAL SCHOOLS.THE FOUNDATION ALSO PROVIDES SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE OF SEQUOIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Langley Secretary | OfficerTrustee | 0 | $0 |
Eric Shannon Executive Dir. | OfficerTrustee | 1 | $0 |
Gary Simmons Treasurer | OfficerTrustee | 1 | $0 |
Ryan Purkiss Executive Sec. | OfficerTrustee | 2 | $0 |
Susan Lucas President | OfficerTrustee | 0 | $0 |
Gerald Scneider Vice President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $477,140 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,372 |
| Noncash contributions included in lines 1a–1f | $159,828 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,512 |
| Total Program Service Revenue | $0 |
| Investment income | $174,615 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,223 |
| Net Income from Fundraising Events | $16,726 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $776,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $481,419 |
| Grants and other assistance to domestic individuals. | $95,500 |
| 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 | $4,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| 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 | $44 |
| Information technology | $351 |
| 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 | $1,452 |
| All other expenses | $0 |
| Total functional expenses | $586,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,671 |
| Savings and temporary cash investments | $600,041 |
| 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 | $60,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $561,116 |
| Investments—publicly traded securities | $5,424,194 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,879,022 |
| Accounts payable and accrued expenses | $216 |
| 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 | $216 |
| Net assets without donor restrictions | $0 |
| 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 | $6,878,806 |
| Total liabilities and net assets/fund balances | $6,879,022 |
Grants Awarded
Over the last fiscal year, Visalia Rotary Community Foundation has awarded $471,419 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
VISALIA SCHOOL DISTRICT PURPOSE: REMODEL ROTARY THEATER | $274,419 |
Visalia, CA PURPOSE: LOW BARRIER SHELTER | $50,000 |
Visalia, CA PURPOSE: HELP PURCHASE ICE HOUSE THEATER | $30,000 |
Visalia, CA PURPOSE: VARIOUS RESTORATION | $25,000 |
Visalia, CA PURPOSE: REMODEL | $25,000 |
Visalia, CA PURPOSE: THRIFT SHOP | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Visalia Rotary Community Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Correia Family Foundation Visalia, CA PURPOSE: FOR ASSISTANCE TO COMMUNITY PROGRAMS | $2,000 |
Endowment Analysis
| Beg. Balance | $7,302,786 |
| Earnings | -$919,034 |
| Admin Expense | $9,366 |
| Net Contributions | $32,372 |
| Other Expense | $152,610 |
| Grants | $260,500 |
| Ending Balance | $5,993,648 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |
Inland Empire Community Foundation Riverside, CA | $130,560,827 | $28,925,228 |
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |