Rotary Club Of International Falls Charitable Foundation
- Assets
- $18.7k
- Revenue
- $19.8k
- Investments
- $0.0
- Employees
- 0
- Location
- International Falls, MN
- Founding
- 09/2017
- Data as of
- 06/2022
- EIN
- 82-2769418
Organization Overview
Rotary Club Of International Falls Charitable Foundation is located in International Falls, MN. The organization was established in 2017. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of International Falls Charitable 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, Rotary Club Of International Falls Charitable Foundation generated $19.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $9.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (25.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE TO LOCAL SCHOOL PROGRAMS AND COMMUNITY PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Miggins President | OfficerTrustee | 2 | $0 |
Jenell Feller Vice Preside | OfficerTrustee | 2 | $0 |
Amy Mortenson Secretary | OfficerTrustee | 2 | $0 |
Randy Pozniak Treasurer | OfficerTrustee | 2 | $0 |
Aleisha Chase Past Preside | OfficerTrustee | 1 | $0 |
Bob Degross President El | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,774 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,774 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,661 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| 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 | $34 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,698 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,698 |
| 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 | $18,698 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $18,698 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rotary Club Of International Falls Charitable Foundation has recieved totaling $10,978.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,489 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manitou Council Inc Sheboygan, WI | $6,152,575 | $1,986,036 |
Josiah Whites Quakerdale Foundation New Providence, IA | $22,959,200 | $1,075,930 |
Orphans Joy Inc Minneapolis, MN | $95,406 | $402,244 |
Caritas For Children Inc Milwaukee, WI | $234,512 | $528,292 |
Minnesota Camp Fire Foundation Excelsior, MN | $6,404,984 | $35,680 |
Lakes Area Gymnastics Booster Club Perham, MN | $3,566,336 | $315,544 |
Realtors For Kids Inc Spearfish, SD | $81,546 | $0 |
Laird Youth Leadership Foundation Inc River Falls, WI | $918,448 | $100,625 |
Optimist International Brookings, SD | $48,764 | $0 |
South Dakota Youth Foundation Inc Brookings, SD | $220,242 | $91,159 |
Oshkosh Kids Foundation Inc Oshkosh, WI | $785,977 | $803,184 |
Maquoketa Youth Trap Club Inc Baldwin, IA | $14,435 | $65,240 |