Rotary Club Of Burbank Sunrise - Jack Forsch Memorial Foundation
- Assets
- $199.5k
- Revenue
- $25.6k
- Investments
- $165.4k
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 05/2019
- Data as of
- 06/2023
- EIN
- 83-4548030
Organization Overview
Rotary Club Of Burbank Sunrise - Jack Forsch Memorial Foundation is located in Burbank, CA. The organization was established in 2019. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Club Of Burbank Sunrise - Jack Forsch Memorial Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Rotary Club Of Burbank Sunrise - Jack Forsch Memorial Foundation has awarded 51 individual grants totaling $105,094. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL COMMUNITY SUPPORT - PROVIDING FUNDS TO ORGANIZATIONS SUPPORTING THE LOCAL COMMUNITY - PROVIDED FUNDS TO 10 ORGANIZATIONS WHICH ASSIST INDIVIDUALS IN NEED IN THE LOCAL COMMUNITY
SCHOLARSHIPS TO GRADUATING SENIORS - SCHOLARSHIPS PROVIDED TO HIGH SCHOOL SENIORS
FUNDS TO THE ROTARY FOUNDATION - PROVIDED FUNDS FOR INTERNATIONAL SERVICE PROJECTS ADMINISTERED THROUGH THE ROTARY FOUNDATION
VOCATIONAL SCHOLARSHIP - PROVIDED SCHOLARSHIP FOR VOCATIONAL WORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Waterhouse CFO | 2 | $0 | |
Janice Lowers Secretary | 2 | $0 | |
Lee Stacy Incorporator | 2 | $0 | |
Maye Stacy CEO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,731 |
| Interest on Savings | $2 |
| Dividends & Interest | $9,822 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $384 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $400 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,949 |
| Contributions, gifts, grants paid | $32,932 |
| Total expenses and disbursements | $35,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,087 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $199,529 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,500 |
Grants Awarded
Over the last fiscal year, Rotary Club Of Burbank Sunrise - Jack Forsch Memorial Foundation has awarded $32,932 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MULTIPLE RECIPIENTS PURPOSE: EDUCATIONAL SCHOLARSHIP TO GRADUATING HIGH SCHOOL STUDENTS; AWARDED DURING PRIOR YEAR | $2,500 |
MULTIPLE RECIPIENTS PURPOSE: EDUCATIONAL SCHOLARSHIP TO GRADUATING HIGH SCHOOL STUDENTS; AWARDED DURING CURRENT YEAR | $5,500 |
PAULA ARREOLA PURPOSE: VOCATIONAL SCHOLARSHIP TO COLLEGE STUDENT; AWARDED DURING CURRENT YEAR | $3,450 |
KIDS COMMUNITY DENTAL CLINIC PURPOSE: FOR PROVIDING DENTAL CARE TO CHILDREN IN NEED | $150 |
DISTRICT 5280 CHARITABLE FOUNDATION PURPOSE: FOR PROVIDING HOUSING TO FAMILIES IN NEED IN PUERTO RICO | $4,650 |
HOME AGAIN LA PURPOSE: FOR ASSISTING INDIVIDUALS TRANSITION FROM HOMELESSNESS | $2,500 |