Rotary Club Of Somers Charitable Fund Inc
- Assets
- $369.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somers, CT
- Founding
- 09/2016
- Data as of
- 06/2022
- EIN
- 81-3033126
Organization Overview
Rotary Club Of Somers Charitable Fund Inc is located in Somers, CT. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Rotary Club Of Somers Charitable Fund 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 06/2022, Rotary Club Of Somers Charitable Fund Inc generated $45.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.8%) each year. All expenses for the organization totaled $39.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ROTARY CLUB OF SOMERS CHARITABLE FUND, INC. PROVIDES SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS TO HELP FURTER THEIR COLLEGE OR OTHER POSTSECONDARY EDUCATION AND SUPPORTS QUALIFIED NON-PROFIT ORGANIZATIONS IN THEIR ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Giza Director | 1 | $0 | |
Tim Keeney Director | 1 | $0 | |
Richard Cheney Director | 1 | $0 | |
Steve Squillace President | 1 | $0 | |
Melissa Lachausse Director | 1 | $0 | |
Dave Marti Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,526 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $25,057 |
| Gain or Loss | -$1,812 |
| Net Income from Gaming & Fundraising | $4,990 |
| Other Revenue | $0 |
| Total Revenue | $45,761 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,550 |
| Total expenses | $39,050 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,146 |
| Other assets | $0 |
| Total assets | $369,434 |
| Total liabilities | $0 |
| Net assets or fund balances | $369,434 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rotary Club Of Somers Charitable Fund Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
United Bank Foundation Connecticut Inc Vernon, CT PURPOSE: GREAT ESCAPE RACE SPONSOR | $250 |
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