The Summit County Rotary Charitable Fund
- Assets
- $1.8m
- Revenue
- $421.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, CO
- Founding
- 08/1993
- Data as of
- 06/2024
- EIN
- 84-1215233
Organization Overview
The Summit County Rotary Charitable Fund is located in Frisco, CO. The organization was established in 1993. 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. Summit County Rotary 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 06/2024, Summit County Rotary Charitable Fund generated $421.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $333.0k during the year ending 06/2024. While expenses have increased by 13.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Summit County Rotary Charitable Fund has awarded 12 individual grants totaling $155,702. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDS FOR COMMUNITY AND INTERNATIONAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW GENERATION/VOCATIONAL SERVCES: STUDENT EXCELLENCE AWARDS, LOCAL SCHOLARSHIPS, RYLA, AND VOCATIONAL PROFESSIONAL AWARDS AND YOUTH EXCHANGE STUDENT PROGRAM.
COMMUNITY SERVICE: COMMUNITY CARE CLINIC, LITERACY PROGRAM, LOCAL GRANTS, TROOP SUPPORT, COMMUNITY DINNER, THANKSGIVING DINNER, FRIENDS OF DILLON RANGER DISTRICT, COMMUNTY FOOD PROJECTS, ADOPT AN ANGEL PROGRAMS AND OTHERS
INTERNATIONAL SERVICE: POLIO PLUS, SUMMIT IN HONDURAS, GUATAMALA LITERACY PROJECT, CAMBODIA WATER PROJECT, SHELTER BOX AND OTHER SMALLER PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Blankenmeister President | Officer | 1 | $0 |
David Preuss Board Member | Officer | 1 | $0 |
Rich Williams Board Member | Officer | 1 | $0 |
Diane Monaghan Treasurer | Officer | 1 | $0 |
Terry Mcgeehan Board Member | Officer | 1 | $0 |
Bob Kopp Board Member | Officer | 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 | $150,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,449 |
| Total Program Service Revenue | $0 |
| Investment income | $210,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,432 |
| Net Income from Gaming Activities | $46,836 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $242,368 |
| Grants and other assistance to domestic individuals. | $61,974 |
| 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 | $9,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,937 |
| 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 | $332,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,994 |
| Savings and temporary cash investments | $16,284 |
| 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 | $1,710,062 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,797,340 |
| 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 | $0 |
| 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 | $1,797,340 |
| Total liabilities and net assets/fund balances | $1,797,340 |
Grants Awarded
Over the last fiscal year, The Summit County Rotary Charitable Fund has awarded $78,423 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COOPERATIVE FOR EDUCATION PURPOSE: GUATAMALA LITERACY | $6,000 |
SUMMIT FOUNDATION PURPOSE: SCHOLARSHIP | $25,000 |
SUMMIT COUNTY BUILDERS ASSOC PURPOSE: SCHOLARSHIP | $5,000 |
SUMMIT SCHOOL DISTRICT PURPOSE: EDUCATIONAL NEEDS | $18,090 |
FAMILY INTERCULTURAL RESOURCE CENTER PURPOSE: BUILDING HOPE CENTER | $8,333 |
FAITH COMMUNITY LUTHERAN CHURCH PURPOSE: CONTRIBUTION | $8,000 |