Visalia Rotary Community Foundation
- Assets
- $8.0m
- Revenue
- $431.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Visalia, CA
- Founding
- 12/1996
- Data as of
- 06/2024
- 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 06/2024, Visalia Rotary Community Foundation generated $431.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $359.8k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Visalia Rotary Community Foundation has awarded 52 individual grants totaling $1,357,086. 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
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 VISALIA FAMILY SERVICES, BETHLEHEM CENTER, BLANKET LADIES, KH FOUNDATION, SALT + LIGHT, VISALIA RESCUE MISSION, HAPPY TRAILS RIDING ACADEMY, BOYS & GIRLS CLUB, TULARE COUNTY HOPE FOR THE HOMELESS, IMAGINE U, VISALIA ROTARY THEATER, OTHER MISCELLANEOUS, AND 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 THE SEQUOIAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Shannon Executive Dir. | OfficerTrustee | 1 | $0 |
Frances Langley Secretary | OfficerTrustee | 0 | $0 |
Todd Martin President Elect | Trustee | 0 | $0 |
Don Ritter Director | Trustee | 0 | $0 |
Anees Akhund Director | Trustee | 0 | $0 |
Jose Arias Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,061 |
| Total Program Service Revenue | $0 |
| Investment income | $199,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,251 |
| Net Income from Fundraising Events | $15,677 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $431,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $281,147 |
| Grants and other assistance to domestic individuals. | $50,500 |
| 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 | $13,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,043 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,990 |
| All other expenses | $0 |
| Total functional expenses | $359,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,566 |
| Savings and temporary cash investments | $116,845 |
| 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 | $561,103 |
| Investments—publicly traded securities | $6,977,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,381 |
| Total assets | $7,981,238 |
| Accounts payable and accrued expenses | $932 |
| 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 | $932 |
| 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 | $7,980,306 |
| Total liabilities and net assets/fund balances | $7,981,238 |
Grants Awarded
Over the last fiscal year, Visalia Rotary Community Foundation has awarded $268,667 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BETHLEHEM CENTER PURPOSE: REEFER BOX TRUCK | $25,000 |
BOYS & GIRLS CLUBS OF THE SEQ PURPOSE: TRUCK | $15,000 |
FAMILY SERVICES OF TULARE CO PURPOSE: BUILDING REPAIRS | $15,000 |
HAPPY TRAILS RIDING ACADEMY PURPOSE: DRIVEWAY, PATHS | $9,500 |
K H FOUNDATION PURPOSE: SHADE/PLAY | $15,000 |
SALT LIGHT PURPOSE: PEOPLE MOVER | $10,000 |