Westminster Rotary Foundation Inc
- Assets
- $1.0m
- Revenue
- $11.9k
- Investments
- $870.6k
- Employees
- 0
- Location
- Mead, CO
- Founding
- 11/1991
- Data as of
- 06/2022
- EIN
- 84-1161199
Organization Overview
Westminster Rotary Foundation Inc is located in Mead, CO. The organization was established in 1991. According to its NTEE Classification (S82) the organization is classified as: Mens 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. Westminster Rotary Foundation 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, Westminster Rotary Foundation Inc generated $11.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $33.3k during the year ending 06/2022. 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, PHILANTROPIC COMMUNITY NEED AND SERVICE PROJECTS. PROVIDING COLLEGE, COMMUNITY COLLEGE, OR TECHNICAL SCHOOL SCHOLARSHIPS TO HIGHSCHOOL GRADUATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL SCHOOL TUITION AND COLLEGE TUITION SCHOLARSHIPS AWARDED TO GRADUATING HIGH SCHOOL SENIORS BASED UPON NEED AND INTERVIEWS DETERMINING ELIGIBILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Schaefer Treasurer | OfficerTrustee | 2 | $0 |
Lori Goldstein Secretary | OfficerTrustee | 1 | $0 |
Ryan Mccoy President | OfficerTrustee | 2 | $0 |
Jason Mclachlan Director | Trustee | 1 | $0 |
William Bowman Director | Trustee | 1 | $0 |
Steve Cramer Director | Trustee | 1 | $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 | $4,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,650 |
| Total Program Service Revenue | $0 |
| Investment income | $7,220 |
| 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 | $11,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,250 |
| 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 | $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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $33,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,283 |
| 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 | $77,467 |
| Investments—other securities | $870,646 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,043,396 |
| 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 | $630 |
| Net assets with donor restrictions | $1,042,766 |
| 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 | $1,043,396 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Westminster Rotary Foundation Inc has recieved totaling $47,474.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $47,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dodge City Family Ymca Dodge City, KS | $1,269,171 | $1,434,665 |
Pikes Peak Odd Fellows Housing Inc Dba Pikes Peak Towers Colorado Springs, CO | $2,892,997 | $778,664 |
Independent Order Of Odd Fellows North Platte, NE | $1,451,387 | $533,606 |
Southwest District Kiwanis Foundation Las Vegas, NM | $508,418 | $758,001 |
K Of C Charities Aid Foundation La Crosse, KS | $1,859,406 | $623,086 |
Free & Accepted Masons Of Nebraska Grand Lodge Of The Most Ancient & Lincoln, NE | $6,903,802 | $957,077 |
Lions Foundation Of Arizona Inc Phoenix, AZ | $2,359,893 | $420,459 |
Rotary International Tucson, AZ | $150,898 | $320,676 |
Salt Lake City Rotary Foundation Kaysville, UT | $2,502,489 | $335,331 |
Ancient Free & Accepted Masons Of Oklahoma Norman, OK | $1,154,361 | $731,827 |
Colorado Association Of Black Prof Engineers And Scientists Denver, CO | $78,122 | $205,425 |
Rotary Club Of Tulsa Foundation Tulsa, OK | $5,079,079 | $873,205 |