Rotary District 5080 Charitable Fund
- Assets
- $1.1m
- Revenue
- $133.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Deer Park, WA
- Founding
- 08/2016
- Data as of
- 06/2023
- EIN
- 81-3110856
Organization Overview
Rotary District 5080 Charitable Fund is located in Deer Park, WA. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. Rotary District 5080 Charitable Fund 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 06/2023, Rotary District 5080 Charitable Fund generated $133.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $141.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Rotary District 5080 Charitable Fund has awarded 25 individual grants totaling $284,149. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE LOCAL AND WORLDWIDE CHARITABLE ACTIVITIES OF THE ROTARY DISTRICT 5080 AND ITS PARTICIPATING LOCAL ROTARY CLUBS, AS WELL AS PROVIDE FUNDING FOR COMMUNITY PROJECTS, SCHOLARSHIPS, AND OTHER CHARITABLE PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A STRUCTURE FOR LOCAL ROTARY CLUBS TO CONDUCT QUALIFIED FUNDRAISING PROGRAMS TO SUPPORT CHARITABLE ACTIVITIES DETERMINED BY THE ROTARY CLUBS. THE ROTARY CLUBS PROVIDE THE VOLUNTEER SUPPORT GENERATING FUNDS. THE ORGANIZATION PROVIDES OVERSIGHT TO ASSURE THAT ALL EXPENDITURES ARE FOR QUALIFIED CHARITABLE PURPOSES OR FUNDRAISING COSTS.
THE ORGANIZATION ADMINISTERS A PERMANENT ENDOWMENT CREATED BY AN INDIVIDUAL TO PROVIDE FINANCIAL SUPPORT TO PROGRAMS BENEFITING SENIORS IN THE GREATER SPOKANE VALLEY GEOGRAPHIC AREA.
THE ORGANIZATION ADMINISTERS PERMANENT ENDOWMENTS CREATED BY ROTARY CLUBS OR INDIVIDUALS TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary J Bowe Treasurer | OfficerTrustee | 3 | $0 |
M Karen Cook Director | Trustee | 1 | $0 |
Kyle Nolte Director | Trustee | 1 | $0 |
Bill Simer Director | Trustee | 1 | $0 |
Bev Reed Vice President | OfficerTrustee | 1 | $0 |
Robert Quay President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,778 |
| Related organizations | $1,250 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,315 |
| Noncash contributions included in lines 1a–1f | $4,748 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,343 |
| Total Program Service Revenue | $0 |
| Investment income | $39,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,590 |
| Net Income from Fundraising Events | $4,050 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,320 |
| Grants and other assistance to domestic individuals. | $18,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,115 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,459 |
| Fees for services: Other | $45 |
| Advertising and promotion | $0 |
| Office expenses | $20 |
| 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 | $1,250 |
| All other expenses | $0 |
| Total functional expenses | $141,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,126 |
| Savings and temporary cash investments | $170,836 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $852,075 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,060,037 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $100 |
| 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 | $100 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,059,937 |
| 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 | $1,060,037 |
Grants Awarded
Over the last fiscal year, Rotary District 5080 Charitable Fund has awarded $88,982 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LEWISTON ID PURPOSE: CONTRUCTION OF ROTARY PEACE PARK | $36,656 |
HOLMES ELEMENTARY SCHOOL PURPOSE: ASSISTANCE TO PUBLIC ELEMENTARY SCH | $6,826 |
MEALS ON WHEELS - SPOKANE CO PURPOSE: MEALS FOR HOMEBOUND SENIORS | $10,000 |
ROTARY DIST 5080-YOUTH EXCHG PURPOSE: SUPPORT FOR YOUTH EXCHANGE PROGRAM | $15,500 |
SPOKANE VALLEY PARTNERS PURPOSE: FUND SENIOR ASSISTANCE PROGRAMS | $12,000 |
WIDOWS MIGHT PURPOSE: ASSISTANCE TO ELDERLY WIDOWS | $8,000 |